Global Shaft Couplings Market 2018-2022

 The infographic below contains key findings from our analysis of the shaft couplings market

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Overview of the global shaft couplings market

According to Technavio’s market research analysis, the high torsional rigidity of shaft couplings will be one of the major global shaft couplings market drivers during the forecast period. To deliver high torsional rigidity without backlash, the rigid shaft couplings are increasingly used to protect equipment against misalignment. These shaft couplings are highly preferred to maintain trouble-free power transmission between the shaft and the peripheral equipment. Advantages such as the increased life, need for lesser maintenance, ability to address requirements like torque and power necessities will drive the growth of shift couplings market. Our market research analysts predict that this market will register a revenue of more than USD 2.1 million by 2022.

EMEA will be the major revenue contributor of the shaft couplings market throughout the forecast period. The increasing use of shaft couplings in the end-user industries such as oil and gas, power, and automotive will drive the market’s growth in the region. Also, the rising investments for the modernization of these industries in EMEA will increase the demand for shaft couplings.

Competitive landscape and key vendors  

The shaft couplings market consists of many vendors. The market is witnessing the launch of the high-quality products from the manufacturers and are regulatory compliant. The vendors in this market are competing based on the factors such as brand, labor, technology, and R&D activities. 

The leading vendors in the market are -

• Altra Industrial Motion
• Rexnord
• SKF
• Timken
• Tsubakimoto Chain
• Voith

The other prominent vendors in the market are ABB, ALMA, Cross+Morse, ERIKS, Jakob Antriebstechnik, KTR Systems, mayr, MecVel, Motion Industries, and NBK.

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Segmentation by product and analysis of the shaft couplings market

• Flexible couplings
• Rigid couplings

During 2017, the flexible couplings market segment accounted for the major shares of the shaft couplings market. Factors such as the high preference for flexible couplings to transmit power to perpheral equipment and its ability to absorb shocks and vibrations, will contribute to the growth of the flexible couplings market segment in the coming years.

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

• Oil and gas industry
• Mining and minerals industry
• Power industry

According to this shaft couplings market research report, the oil and gas industry be the major end-user to the shaft couplings market until 2022. The increasing usage of shaft couplings to improve disc geometry, ensure efficient work, and to offer support for different kinds of loads, will be the major factor driving the market’s growth in this end-user segment.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global shaft couplings market?
• What are the key market trends impacting the growth of the global shaft couplings market?
• What are the challenges to market growth?
• Who are the key vendors in the global shaft couplings market?
• What are the market opportunities and threats faced by the vendors in the global shaft 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 shaft couplings market?

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