15 July 2019 –
The Global Flexible Shaft Couplings Market is
expected to grow significantly in the forecast period owing to developments in
the coupling technology and its increasing applications in several end use
industries. Couplings are used to connect two shafts together for power transmission.
Similarly, flexible shaft couplings are commonly used components for rotating
power trains.
Flexible shaft couplings market is driven for industrial
applications like food processing, automotive, steel, mining, marine, tire
manufacturing, aerospace and others. The manufacturers in the industry are
emphasizing on 3D printing as it enables cost efficient manufacturing in short
duration and product categorization. The rise in number of manufacturers is
helping them overcome challenges like renovation for refined coupling designs.
Automobile and aerospace manufacturers have adopted this technology way back
for manufacturing engine and vehicle components.
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Flexible shaft couplings market is categorized on the basis
of type, application, end users, and geography. On the basis of type, flexible
shaft couplings market is classified into mechanical element flexible shaft
couplings (gear, chain, flexible link, metal ribbon, and others), elastomeric
element flexible shaft couplings (elastomeric compression, elastomeric shear)
and metallic membrane or disc type governing (diaphragm, flexible disc).
On the basis of application, flexible shaft couplings market
is divided into anti-vibration, resolver, compensating, stepper & servo
motors, blowers & fans. Based on end users, flexible shaft couplings market
is divided into steel, power & energy, tire manufacturing, automotive,
aerospace, mining, marine, food processing, and others. Flexible shaft
couplings are widely used in oil & gas industry.
Geographically, flexible shaft couplings market is segmented
as North America, Europe, Asia Pacific, and Middle East & Africa. Asia
Pacific is expected to dominate flexible shaft couplings market in the forecast
period owing to the rise in demand from emerging economies like China and
India. These regions have also become a hub for manufacturing companies. The
key players in flexible shaft couplings market are Toyo Tire & Rubber Co.,
Ltd., GKN Plc., Gates, Herwarth Reich GmbH., LORD Corporation, Voith,
Tsubakimoto Chain Co., Zero-Max, Helical Products Co., and Hutchison.
Market Segment:
On the basis of
product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily split into
• Mechanical Element Flexible Shaft Couplings
• Elastomeric Element Flexible Shaft Couplings
• Metallic Membrane/Disc Flexible Shaft Couplings
On the basis of the
end users/applications, this report focuses on the status and outlook for major
applications/end users, (sales), market share and growth rate for each
application, including
• Power and Energy
• Automotive Industry
• Steel Industry
• Others
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