The elastomeric couplings market is anticipated to record a CAGR of 4.3% during the forecast period. It has been analyzed that the elastomeric couplings market share could go up from US$ 1.18 Bn in 2021 to reach up to US$ 1.53 Bn by 2032.
Increasing demand for power transmission necessitates elastomeric couplings formed out of synthetic materials and polymers such as polyurethane. These material-flexing, non-lubricated connections can be found in drive systems and compressors, responsible for the immense demand for elastomeric couplings in the automotive market.
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Elastomeric couplings provide good operational qualities, such as vibration attenuation and high displacement tolerance. Special design alternatives for specialized purposes are also available for sales of elastomeric couplings as per the customer demand. In comparison to traditional couplings, elastomeric couplings have been shown to extend the life of linked equipment.
Industries and Automobiles need manufacturing machines that demand for elastomeric couplings as an important component to be fitted in gearbox and conveyor units. Growth in industrial areas and a rise in automobile volume in low-income countries are expected to directly or indirectly drive the sales of elastomeric couplings in the global market.
What is the Present Global Dynamics Influencing the Elastomeric Couplings Market
The advantage of elastomeric over metal couplings is the primary factor driving the sales of elastomeric couplings in the market. Elastomeric couplings offer better flexibility than any metal coupling. The various degrees of torsional softness make them unique from other metal couplings creating a huge demand for elastomeric couplings.
Elastomeric couplings offer frictional wear between components, so there is a minimum need for maintenance. The great durability and low maintenance costs make sales of elastomeric couplings more popular in the industries. Additionally, the automotive industry is anticipated to contribute to demand for elastomeric couplings, owing to the crucial need for precision, quality, and reliability in the operating processes in the upcoming years, thus providing the required elastomeric couplings market share growth opportunity.
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Who are the Key Players in the Elastomeric Couplings Market
Some of the prominent players contributing to t13120he global elastomeric couplings market share include System Components Inc., ABB Motors and Mechanical Inc., Rexnord Corporation, Astro-Tex Co., Inc., Altra Industrial Motion Corp., Lovejoy, Inc., Regal Beloit Corporation, Siemens AG, DieQua Corporation, R+W Antriebselemente GmbH, and Rathi North America.
The elastomeric couplings market study explains all of the top significant firms’ financial accounts, as well as their important advances, invention benchmarking, and PEST analysis. The FMI Market Research Expert conducts a thorough examination of the firm profile part, which includes a business description and financial data of all the prominent players with higher sales of elastomeric couplings in the recent past.
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