Global Couplings Market - Industry Analysis, Growth, Trends, Forecast 2020

Coupling is a machine element that attaches two mechanical shafts together by their ends for power transmission. It is primarily used to assist rotating machine components such as motors for driving conveyor belts. Couplings are also used to connect and disconnect various fluid systems such as oil, gas, air, and chemicals, and powder systems. Couplings prevent shafts to get disconnect during operation while some torque limiting couplings can restrict rotating motion when a specific torque limit is surpassed. Couplings also permit some degree of end movement or misalignment or both. Therefore, careful selection and installation of couplings that reduce downtime and maintenance cost offers cost advantages. Unlike the traditional nut and bolt joints, couplings are oil and lubricant free; they are light in weight, offer high torque, easy to mount and dismount, allow high range of misalignment and offers high resistance to environmental conditions. Couplings are of two types; flexible couplings that permit misalignment and rigid couplings that hold shafts precisely and firmly and do not permit misalignment.

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Couplings find wide applications in industries such as oil industry, natural gas industry, water treatment companies and chemical industry. Additionally, the market has witnessed increase in adoption for coupling in gas pipe construction industry. However, increasing cost of labor and deteriorating exports are factors responsible for alteration of the couplings market globally. With industries worldwide focusing majorly on improvement of energy efficiency, the demand for couplings is likely to witness growth traction in near future. Additionally, strategic expansions pertaining to the coupling market in the MINT nations (Mexico, Indonesia, Nigeria and Turkey) are likely to provide higher growth opportunities. However, product technology of industrial couplings has matured and therefore customers seek value additions as a key purchase criterion for couplings. Moreover, lack of new application potentials of the industrial couplings is hindering the market growth.

The coupling industry has witnessed innovations in product technology. Some of the major trends that this industry follow include developing couplings that require less space, usage of low weight materials with better inertia qualities for manufacturing couplings. Optimized disc springs and usage of wear free materials also play an important role while designing couplings.

The growth of the global coupling market in developed economies is likely to witness a slower growth over the forecast period. The restricted capital expenditures across various end user industries such as the manufacturing and oil and gas industry, has considerably constrained the market growth. However, the demand in emerging nations such as India, China, Russia, Brazil and the Eastern European countries is anticipated to boost market growth. This is mainly due to the fact that, these regions have become the global centers of the manufacturing industry. The material handling sector in Middle East and the mining industry in Africa are also expected to be the fastest growing regions for couplings in near future.

Some of the Major Players in the global coupling market are Altra Industrial Motion Corp., Colossus, Dandong Colossus Group Co., Ltd., Daido Precision Industries Ltd., Emerson Electric Co., Industrial Clutch Parts Ltd., John Crane Ltd., KTR Kupplungstechnik GmbH, Chr. Mayr GmbH & Co. KG, Siemens AG, Unique Transmission Private Limited and Voith Turbo GmbH & Co. KG.

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