Gear Couplings Market 2017-2021

Overview of the global gear couplings market

According to Technavio’s research analysis on the global gear couplings market, the increasing utilization of these couplings in high speed and torque applications will be one of the major factors that will have a positive impact on this market’s growth till 2021. Gear couplings provide advantages, such as high torque density and torsional stiffness with ability to handle minor misalignments in the shaft. As gear couplings offer torsional rigidity, they are increasingly used in high-speed applications such as oil and gas, mining and metals, and heavy machinery industries. Moreover, the torsional stiffness in gear couplings absorbs small shocks and dampens vibrations in the high- speed machinery such as centrifugal pumps. These features have raised the adoption rates of gear couplings in many applications and this in turn will drive the market growth during the forecast period. Our market research analysts predict that this market will grow at a CAGR of close to 5% by 2021.

One of the key trends that will gain traction in the gear couplings market is the increasing use of curved tooth and continuous sleeved gear couplings. Gear couplings with curved-tooth offer increased protection to the connected shaft against angular and parallel misalignment. These curved gear couplings also provide a high rigid design and temperature resistance of more than 100ºC with ensuring easy installation in harsh environmental conditions. Also, the usage of continuous sleeved gear couplings is mainly due to light weight and absence of any bolt and flanges attached.

Competitive landscape and key vendors

The gear couplings market consists of few established vendors. The market is likely to witness the entry of new vendors, due to the rising demand for gear couplings. Gear couplings manufacturers are following standard specifications to make installations of couplings easy. To retain their market shares, vendors are increasing their services and providing customized solutions based on the end-users' requirements.

The leading vendors in the market are –

• ABB
• Altra industrial Motion
• Rexnord
• Siemens
• Timken

The other prominent vendors in the market are Jakob Antriebstechnik, Regal Beloit, Cross & Morse, Nabeya Bi-tech Kaisha (NBK), Voith, Stafford Manufacturing, RINGFEDER POWER TRANSMISSION, R+W Antriebselemente, and VULKAN.

Segmentation by end-user and analysis of the gear couplings market

• Oil and gas industry
• Power plants
• Mining and metals industry

During 2016, the oil and gas industry segment accounted for the major shares of the gear couplings market. The increasing use of gear couplings is mainly due to absorption of shock loads during the process of power transmission and due to harsh environmental conditions will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the gear couplings market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the gear couplings market throughout the forecast period. The increase in power generation in countries, such as Germany, the UK, Italy, and France and rising investments in renewable power generation plants will increase the adoption of gear couplings during the forecast period in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global gear couplings market?
• What are the key market trends impacting the growth of the global gear couplings market?
• What are the challenges to market growth?
• Who are the key vendors in the global gear couplings market?
• What are the market opportunities and threats faced by the vendors in the global gear couplings market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global gear couplings market?

Technavio also offers customization on reports based on specific client requirement.