The elastomeric couplings market is anticipated to record a CAGR of 4.3% during the forecast period. It has been analyzed that the elastomeric couplings market share could go up from US$ 1.18 Bn in 2021 to reach up to US$ 1.53 Bn by 2032.
| Report Attributes | Details |
| Elastomeric Couplings Market Estimated Base Year Value (2021) | US$ 1.18 Bn |
| Elastomeric Couplings Market Value in 2022 | US$ 1.21 Bn |
| Elastomeric Couplings Market CAGR 2022-2032 | 4.3% |
| Anticipated Elastomeric Couplings Market Value (2032) | US$ 1.53 Bn |
Increasing demand for power transmission necessitates elastomeric couplings formed out of synthetic materials and polymers such as polyurethane. These material-flexing, non-lubricated connections can be found in drive systems and compressors, responsible for the immense demand for elastomeric couplings in the automotive market.
Elastomeric couplings provide good operational qualities, such as vibration attenuation and high displacement tolerance. Special design alternatives for specialized purposes are also available for sales of elastomeric couplings as per the customer demand. In comparison to traditional couplings, elastomeric couplings have been shown to extend the life of linked equipment.
Industries and Automobiles need manufacturing machines that demand for elastomeric couplings as an important component to be fitted in gearbox and conveyor units. Growth in industrial areas and a rise in automobile volume in low-income countries are expected to directly or indirectly drive the sales of elastomeric couplings in the global market.
The advantage of elastomeric over metal couplings is the primary factor driving the sales of elastomeric couplings in the market. Elastomeric couplings offer better flexibility than any metal coupling. The various degrees of torsional softness make them unique from other metal couplings creating a huge demand for elastomeric couplings.
Elastomeric couplings offer frictional wear between components, so there is a minimum need for maintenance. The great durability and low maintenance costs make sales of elastomeric couplings more popular in the industries. Additionally, the automotive industry is anticipated to contribute to demand for elastomeric couplings, owing to the crucial need for precision, quality, and reliability in the operating processes in the upcoming years, thus providing the required elastomeric couplings market share growth opportunity.
Demand for elastomeric couplings is more in heavy equipment industries, where high-frequency noise between the engine and downstream components is isolated by it. Demand for elastomeric couplings is also higher for the primary application in power transmission to industrial equipment such as compressors, pumps, blowers, conveyors, and mixers.
The demand for HVAC, Industrial Drives, and Machinery involved in the production process is expected to result in healthy sales of elastomeric couplings in the forecast period. Non-lubricated, variable shaft operations, non-sparking, indoor & outdoor operations, and horizontal & vertical mounting are key benefits that are expected to propel the demand for elastomeric couplings.
With the development of couplings with a wide range of torsional stiffness and high torque transmission, demand for elastomeric couplings is projected to witness an upward projection over the forecast period. The jaw-type coupling has been used as a prominent coupling as the device offers easy installation and a wide range of shaft gaps, contributing to significant sales of elastomeric couplings in the current scenario.
However, the rapid increase in temperature results in the losing strength of elastomeric materials. The sudden increase in temperature does restrict the demand for elastomeric couplings. Withstanding volatile temperature changes is one of the factors which is expected to hamper the elastomeric couplings market growth as the end-user may opt for other economic substitutes.
In spite of this shortcoming, the overall growth of elastomeric couplings will have no significant dent in the long term.
The Asia Pacific is projected to account for a major share in the global elastomeric couplings market owing to growing automotive industries in China and India. The sales of elastomeric couplings in the Asia Pacific countries have increased concerning growth in export companies in the region.
Europe is considered an industrial hub with a large number of industries, and hence the region is estimated to grow rapidly in the global market.
North America is expected to show significant growth in the worldwide sales of elastomeric couplings with the presence of key manufacturers. Regions including the Middle East, Africa, and Latin America are predicted to have healthy growth in the global elastomeric couplings market.
Some of the prominent players contributing to the global elastomeric couplings market share include System Components Inc., ABB Motors and Mechanical Inc., Rexnord Corporation, Astro-Tex Co., Inc., Altra Industrial Motion Corp., Lovejoy, Inc., Regal Beloit Corporation, Siemens AG, DieQua Corporation, R+W Antriebselemente GmbH, and Rathi North America.
The elastomeric couplings market study explains all of the top significant firms' financial accounts, as well as their important advances, invention benchmarking, and PEST analysis. The FMI Market Research Expert conducts a thorough examination of the firm profile part, which includes a business description and financial data of all the prominent players with higher sales of elastomeric couplings in the recent past.
| Report Attribute | Details |
| Growth Rate | CAGR of 4.3% from 2022 to 2032 |
| Base Year of Estimation | 2021 |
| Historical Data | 2014-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization scop | Available Upon Request |
| Pricing and Purchase Option | Avail Customized purchase options to meet your exact research needs. |
The elastomeric couplings market is likely to register a CAGR of 2.4% during the forecast period.
The present value of global elastomeric couplings market share is estimated to be around US$ 1.21 Bn in 2022.
As per the analysis, the elastomeric couplings market share is likely to be US$ 1.53 Bn by 2032.
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