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Global Industrial Coupling Market to reach USD 3.67 billion by the end of 2029.

Global Industrial Coupling Market Size study & Forecast, by Type (Flexible Coupling, Rigid Coupling) By End-user (Automotive, Healthcare, Aerospace and Defense, Oil and Gas, Metal and Mining, Others) and Regional Analysis, 2022-2029

Product Code: OIRIME-72628497
Publish Date: 15-05-2023
Page: 200

Global Industrial Coupling Market is valued approximately USD 2.46 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.1% over the forecast period 2022-2029. Industrial couplings can perform a variety of tasks, including disconnecting the moving engine or motor from the driven machinery or a pump. To ensure proper functioning of the system, industrial couplings and shafts should be positioned correctly. The Industrial Coupling market is expanding because of factors such as growing demand from the mining industries and rising adoption of electric vehicles.

Industrial couplings are also used to provide angular relative axial motion, minimize, or prevent vibration transfer from one machine component to another, and enable minor equipment misalignment. Its prevalence has progressively increased during the last few decades. According to the Statista, in 2021 the top 40 mining companies account for a total revenue of approximately USD 925 billion. Glencore was the world’s leading mining company in terms of revenue as of 2021. Furthermore, China was by far the world’s leading mining country in terms of mineral production value in 2020, with over 217 billion US dollars in metallic mineral and coal production value reported. The United States was ranked third, accounting for nearly $55 billion in mineral production value during that period. Another important component driving space increase is adoption of electric vehicles. According to Statista, the global electric vehicle market is expected to more than quadruple between 2021 and 2027, expected to reach about global market size of USD 1.4 trillion by 2027. In addition, in 2021, China had the highest electric vehicle adoption rate in the Asia-Pacific region, with more than 16% of all new passenger vehicles sold being EVs. Also, increasing demand for industrial couplings in the energy sector and growing demand from the chemical industries would create a lucrative growth prospectus for the market over the forecast period. However, the high initial cost of Industrial Coupling stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Industrial Coupling Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing mining output and China and Australia are two of the four largest mining nations in the world. According to the Statista, in 2021 China accounts highest mine production rate of rare earths in the Asia-Pacific region of about 168 thousand metric tonnes of rare-earth oxide, followed by Myanmar with approximately 26 thousand metric tonnes of REO production in 2021.North America is expected to grow with a highest CAGR during the forecast period, owing to factors such as increasing demand for industrial coupling from various end-use sectors, including food and beverage and pharmaceuticals in the market space.

Major market player included in this report are:

Altra Industrial Motion Corp.
Daido Precision Industries Ltd.
Emerson Electric Co.
Dandong Colossus Group Co., Ltd.
John Crane Ltd.
Siemens AG
Baldor Electric Company
Industrial Clutch Parts Ltd.
KTR Kupplungstechnik GmbH, Chr
Tsubakimoto Chain Co.

Recent Developments in the Market:
Ø In March 2023, Siemens invests USD 32.67 million in its Frankfurt-Fechenheim switchgear plant. The company is building an intelligent high-speed warehouse, and expanding the manufacturing area by investing in machines and production lines which eventually creates 200 additional jobs and increased spending in employee training programme as the fluorine gas-free, gas-insulated product portfolio is continued to expand.

Global Industrial Coupling Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered End-user, Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential 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
Flexible Coupling
Rigid Coupling

By End-user
Aerospace and Defence
Oil and Gas
Metal and Mining

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Industrial Coupling Market, by Region, 2019-2029 (USD Billion)
1.2.2. Industrial Coupling Market, by Type, 2019-2029 (USD Billion)
1.2.3. Industrial Coupling Market, by End-user, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Industrial Coupling 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 Industrial Coupling Market Dynamics
3.1. Industrial Coupling Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Growing demand from the mining industries Rising adoption of electric vehicles

3.1.2. Market Challenges High initial Cost of Industrial Coupling
3.1.3. Market Opportunities Increasing demand for industrial couplings in energy sector Growing demand from the chemical industries

Chapter 4. Global Industrial Coupling 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
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Industrial Coupling Market, by Type
6.1. Market Snapshot
6.2. Global Industrial Coupling Market by Type, Performance – Potential Analysis
6.3. Global Industrial Coupling Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Industrial Coupling Market, Sub Segment Analysis
6.4.1. Flexible Coupling
6.4.2. Rigid Coupling

Chapter 7. Global Industrial Coupling Market, by End-user
7.1. Market Snapshot
7.2. Global Industrial Coupling Market by End-user, Performance – Potential Analysis
7.3. Global Industrial Coupling Market Estimates & Forecasts by End-user 2019-2029 (USD Billion)
7.4. Industrial Coupling Market, Sub Segment Analysis
7.4.1. Automotive
7.4.2. Healthcare
7.4.3. Aerospace and Defence
7.4.4. Oil and Gas
7.4.5. Metal and Mining
7.4.6. Others
Chapter 8. Global Industrial Coupling Market, Regional Analysis
8.1. Industrial Coupling Market, Regional Market Snapshot
8.2. North America Industrial Coupling Market
8.2.1. U.S. Industrial Coupling Market Type breakdown estimates & forecasts, 2019-2029 End-user breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Industrial Coupling Market
8.3. Europe Industrial Coupling Market Snapshot
8.3.1. U.K. Industrial Coupling Market
8.3.2. Germany Industrial Coupling Market
8.3.3. France Industrial Coupling Market
8.3.4. Spain Industrial Coupling Market
8.3.5. Italy Industrial Coupling Market
8.3.6. Rest of Europe Industrial Coupling Market
8.4. Asia-Pacific Industrial Coupling Market Snapshot
8.4.1. China Industrial Coupling Market
8.4.2. India Industrial Coupling Market
8.4.3. Japan Industrial Coupling Market
8.4.4. Australia Industrial Coupling Market
8.4.5. South Korea Industrial Coupling Market
8.4.6. Rest of Asia Pacific Industrial Coupling Market
8.5. Latin America Industrial Coupling Market Snapshot
8.5.1. Brazil Industrial Coupling Market
8.5.2. Mexico Industrial Coupling Market
8.5.3. Rest of Latin America Industrial Coupling Market
8.6. Rest of The World Industrial Coupling Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Altra Industrial Motion Corp Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Daido Precision Industries Ltd.
9.2.3. Emerson Electric Co.
9.2.4. Dandong Colossus Group Co., Ltd.
9.2.5. John Crane Ltd.
9.2.6. Siemens AG
9.2.7. Baldor Electric Company
9.2.8. Industrial Clutch Parts Ltd.
9.2.9. KTR Kupplungstechnik GmbH, Chr
9.2.10. Tsubakimoto Chain Co.

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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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
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.
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