Elastomeric Couplings Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032

The global elastomeric couplings market size was estimated to be US$ 1.15 billion in 2021 and is expected grow at a CAGR of 4.5% between 2023 to 2032.

Elastomeric couplings are couplings made up of a flexible elastic material which transmits torque. They are adaptable type of coupling which are made up of an elastomeric polymer. The primary advantages of elastomeric couplings include vibration damping, easy installation, zero backlash, and electric isolation. The use of elastomeric couplings is very diverse. They can be used for the machine tools, packaging machines, automation systems, printing machines, or general machine engineering.

They also provide good operational qualities along with the high displacement tolerance. They are used to transfer the power between two shafts in which one of the shafts is powered by an engine or a motor and the other one is unpowered. The couplings are also helpful when multiple shafts are connected for transmission of the power over the long distances. They are also applied in the areas of connecting the railway coaches within the cars.

Industry overview of the Elastomeric Couplings Market-

The demand for the Elastomeric Couplings is more in the heavy industries as compared to any other industries. The high-frequency noise between the engines and the downstream components is isolated by it. The demand is higher in the primary application for the power transmission industries to the electrical equipment such as the compressors, pumps, blowers, conveyors and mixers.

Current market trends of the Elastomeric Couplings Market-

The demand for the HVAC components, industrial drives, and machinery which is involved in the production process is further expected to increase the demand for the Elastomeric Couplings during the forecast period. Non-lubricated, variable shaft operations, non-sparking indoor and outdoor operations along with the horizontal and vertical mountings are further expected to propel the demand for the Elastomeric Couplings.

The report on the Elastomeric Couplings market gives a comprehensive analysis of the current market dynamics, the supply-demand gap, the industry trends which drive the market growth, and also product preferences and key consumer patterns. The information is further compiled and validated by industry experts through key validation methodologies and also important data forecasting models.

Asia-Pacific is expected to hold a significant market share in the elastomeric couplings market owing to the growing base of manufacturing industries especially in China and India. It is also expected to rise due to the increase in the exports across the Asia-Pacific market. Europe and North America are expected to show a significant increase in the production of the Elastomeric Couplings market.

Major players active in the global elastomeric couplings market include Siemens, ABB, Altra, Industrial Motion, Regal Beloit, KTR and Rexnord.

Market Segmentation as below:

By Product Type

• Jaw Type
• Gear Type
• Tire Type
• Dowel Pin Type

By Application Type

• Pumps
• Fans/Blowers
• Compressors
• Mixers

By Geography

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • Germany
  • United Kingdom
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • India
  • China
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• South America
  • Brazil
  • Rest of South America