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Global Elastomeric Couplings Market to reach USD XX million by 2028.

Global Elastomeric Couplings Market Size study, By Type (Jaw Type, Gear Type, Tire Type, Dowel Pin Type, Other Type), By Application (Pumps, Fans/Blowers, Compressors, Mixers, Conveyors, Others), and Regional Forecasts 2022-2028

Product Code: OIRIA-62235145
Publish Date: 15-05-2022
Page: 200

Global Elastomeric Couplings Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Elastomeric couplings are type of coupling which are made from a flexible elastic material for transmission of torque. Elastomeric couplings are made from non-metallic element such as rubber and plastic. Elastomeric couplings are used for torque transmission in different industries like automobile, Pump & blowers among others. Growing automobile Sector and rising adoption of elastomeric over metal couplings due to advantages such as flexibility, no lubrication requirement and little maintenance among other are key drivers for growth of Elastomeric couplings Market. For instance, according to Statista- In 2020, global automotive manufacturing market was valued at USD 2.5 trillion. Further, as per projections the size of global automotive sector would amount to USD 2.8 trillion by 2022. Furthermore, in April 2021, Ringfeder Power Transmission launched two new GWE 5113 and 5117 series of elastomer jaw couplings. These coupling features compact hub design, low moment of inertia and high damping properties. These new couplings are intended for robotics, conveyor systems and other precision-driven applications. Also, increasing demand for automobiles in emerging economies and rising developments in couplings are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, limited strength of elastomeric materials in high temperature conditions impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Elastomeric Couplings Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing technological advancements in different industries and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as growing automotive industries in countries like China and India and increasing penetration of the leading market players in Asia Pacific, would create lucrative growth prospects for the Elastomeric Couplings market across the Asia Pacific region.

Major market players included in this report are:
System Types 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

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Jaw Type
Gear Type
Tire Type
Dowel Pin Type
Other Type
By Application
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Elastomeric Couplings Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Global Elastomeric Couplings Market, by Region, 2020-2028 (USD Million)
1.2.2. Global Elastomeric Couplings Market, by Type, 2020-2028 (USD Million)
1.2.3. Global Elastomeric Couplings Market, by Application, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Elastomeric Couplings Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Elastomeric Couplings Market Dynamics
3.1. Elastomeric Couplings Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing automobile Sector. Increasing adoption of elastomeric over metal couplings Surging heavy equipment industries.
3.1.2. Market Challenges Low strength of elastomeric materials in high temperature conditions.
3.1.3. Market Opportunities Rising development of couplings. Increasing demand for automobiles in emerging economies.
Chapter 4. Global Elastomeric Couplings Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Elastomeric Couplings Market, by Type
6.1. Market Snapshot
6.2. Global Elastomeric Couplings Market by Type, Performance – Potential Analysis
6.3. Global Elastomeric Couplings Market Estimates & Forecasts by Type 2018-2028 (USD Million)
6.4. Elastomeric Couplings Market, Sub Segment Analysis
6.4.1. Jaw Type
6.4.2. Gear Type
6.4.3. Tire Type
6.4.4. Dowel Pin Type
6.4.5. Other Type
Chapter 7. Global Elastomeric Couplings Market, by Application
7.1. Market Snapshot
7.2. Global Elastomeric Couplings Market by Application, Performance – Potential Analysis
7.3. Global Elastomeric Couplings Market Estimates & Forecasts by Application 2018-2028 (USD Million)
7.4. Elastomeric Couplings Market, Sub Segment Analysis
7.4.1. Pumps
7.4.2. Fans/Blowers
7.4.3. Compressors
7.4.4. Mixers
7.4.5. Conveyors
7.4.6. Others
Chapter 8. Global Elastomeric Couplings Market, Regional Analysis
8.1. Elastomeric Couplings Market, Regional Market Snapshot
8.2. North America Elastomeric Couplings Market
8.2.1. U.S. Elastomeric Couplings Market Type estimates & forecasts, 2018-2028 Application estimates & forecasts, 2018-2028
8.2.2. Canada Elastomeric Couplings Market
8.3. Europe Elastomeric Couplings Market Snapshot
8.3.1. U.K. Elastomeric Couplings Market
8.3.2. Germany Elastomeric Couplings Market
8.3.3. France Elastomeric Couplings Market
8.3.4. Spain Elastomeric Couplings Market
8.3.5. Italy Elastomeric Couplings Market
8.3.6. Rest of Europe Elastomeric Couplings Market
8.4. Asia-Pacific Elastomeric Couplings Market Snapshot
8.4.1. China Elastomeric Couplings Market
8.4.2. India Elastomeric Couplings Market
8.4.3. Japan Elastomeric Couplings Market
8.4.4. Australia Elastomeric Couplings Market
8.4.5. South Korea Elastomeric Couplings Market
8.4.6. Rest of Asia Pacific Elastomeric Couplings Market
8.5. Latin America Elastomeric Couplings Market Snapshot
8.5.1. Brazil Elastomeric Couplings Market
8.5.2. Mexico Elastomeric Couplings Market
8.6. Rest of The World Elastomeric Couplings Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. System Types, Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. ABB Motors and Mechanical Inc.
9.2.3. Rexnord Corporation
9.2.4. Astro-Tex Co., Inc.
9.2.5. Altra Industrial Motion Corp.
9.2.6. Lovejoy, Inc.
9.2.7. Regal Beloit Corporation
9.2.8. Siemens AG
9.2.9. DieQua Corporation
9.2.10. R+W Antriebselemente GmbH
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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