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.
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.
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Industries and Automobiles need manufacturing machines that demand 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.
Which is the Leading Region in the Elastomeric Couplings Market
The Asia Pacific is projected to account for a major share in the global elastomeric couplings market owing to growing automotive industries in China and India. The sales of elastomeric couplings in the Asia Pacific countries have increased concerning growth in export companies in the region.
Europe is considered an industrial hub with a large number of industries, and hence the region is estimated to grow rapidly in the global market.
North America is expected to show significant growth in the worldwide sales of elastomeric couplings with the presence of key manufacturers. Regions including the Middle East, Africa, and Latin America are predicted to have healthy growth in the global elastomeric couplings market.
Who are the Key Players in the Elastomeric Couplings Market
Some of the prominent players contributing to the 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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Key Companies Profiled
- 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
- Rathi North America
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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