Elastomeric Coupling Market Size, Share, Growth, and Industry Analysis, By Type (Jaw Type, Gear Type, Tire Type, Dowel Pin Type and Other Type) By Application (Pumps, Fans/Blowers, Compressors, Mixers, Conveyors, Dynamo, Ship, Mining, Transportation and Other Type), Regional Insights and Forecast From 2025 To 2033

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ELASTOMERIC COUPLING MARKET OVERVIEW

The global elastomeric coupling market size is expected to grow from USD 1.96 billion in 2024 and market is projected to touch USD 3.61 billion by 2033, at a compound annual growth rate (CAGR) of 7.0% during the forecast period. 

Elastomeric couplings made from synthetic materials and polymers like polyurethane are required to meet the rising demand for power transmission. The great displacement tolerance and vibration attenuation offered by elastomeric couplings make them useful. As requested by the client, elastomeric couplings can also be purchased with unique design options for specialized uses. Elastomeric couplings have been demonstrated to prolong the life of connected equipment in contrast to conventional couplings.

Elastomeric couplings are a critical component that must be installed in gearbox and conveyor units, which are needed for manufacturing equipment in the automotive and industrial sectors. Sales of elastomeric couplings are anticipated to be driven either directly or indirectly by growth in industrial regions and an increase in automotive volume in low-income nations.

COVID-19 IMPACT

Disrupted Supply Chains Lead to Lower the Market Demand

Covid badly affected the elastomeric coupling market due to supply chain disruptions and shortage in raw materials was also observed. Shortage of labor and strict protocols such as lockdowns and restrictions on movement created roadblocks, disruptions in end-use sectors of the product led to lower demand.

LATEST TRENDS

Use in Supermarkets to Decrease Thefts to Augment the Market Demand

Strong elastomeric coupling sales are anticipated throughout the projected period because to the demand for HVAC, industrial motors, and production-related gear. One of the main factors driving demand for elastomeric couplings is probably their non-lubricated, variable shaft, non-sparking, indoor and outdoor activities, as well as their capacity to be installed both horizontally and vertically. Over the course of the predicted period, it is anticipated that demand for elastomeric couplings will increase due to the development of couplings with a wide range of torsional stiffness and high torque transmission. Due to its widespread use as a coupling and availability in a variety of shaft gaps, the jaw-type coupling has helped the development of large elastomeric couplings.

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ELASTOMERIC COUPLING MARKET SEGMENTATION

By Type

By type, market is segmented into jaw type, gear type, tire type, dowel pin type and other type. The jaw type segment will dominate the market in the coming years.

By Application

Based on applications, the market is classified into pumps, fans/blowers, compressors, mixers, conveyors, dynamo, ship, mining, transportation and other type. The pumps segment will lead the global share through forecast period.

DRIVING FACTORS

Low Maintenance and Demand in Automotive Industry to Push the Market

The market's key driver of elastomeric coupling sales is its superiority over metal couplings. More flexible than any metal connection, elastomeric couplings give greater flexibility. Elastomeric couplings are in high demand due to their distinctiveness from other metal couplings in terms of varying degrees of torsional softness.

Low maintenance is required thanks to elastomeric couplings' provision of frictional wear between parts. Sales of elastomeric couplings are becoming more and more popular in the industries due to their excellent endurance and minimal maintenance requirements. Due to the critical need for accuracy, quality, and dependability in operating processes in the upcoming years, it is also anticipated that the automotive industry will contribute to the demand for elastomeric couplings. This will create the necessary opportunity for the growth of the elastomeric couplings market share.

Demand in Heavy Equipment Sector to Boost the Market Demand

Because they effectively isolate high-frequency noise between the engine and downstream components, elastomeric couplings are particularly in demand in the heavy equipment sector. The principal use of elastomeric couplings is in the transfer of power to industrial machinery such compressors, pumps, blowers, conveyors, and mixers, which is also driving rising demand for them.

RESTRAINING FACTORS

Inability to Withstand Fluctuating Temperature to Hamper the Market

Elastomeric materials lose strength as a result of the quick rise in temperature. The need for elastomeric couplings is somewhat constrained by the fast rise in temperature. One of the reasons that is anticipated to restrain the market growth for elastomeric couplings is their inability to withstand fluctuating temperature fluctuations, as end users may choose more affordable alternatives.

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ELASTOMERIC COUPLING MARKET REGIONAL INSIGHTS

Asia Pacific Region to Grow Exponentially over the Period of Time

A significant portion of the worldwide market for elastomeric couplings is expected to be accounted for by the Asia Pacific region because of the expanding car markets in China and India. Due to the expansion of export businesses in the Asia Pacific area, elastomeric coupling sales have surged in those nations.

Since Europe is thought of as an industrial powerhouse with a wide range of sectors, it is predicted that the area would experience substantial growth in the worldwide market. With the existence of important producers, North America is predicted to have a large increase in the global sales of elastomeric couplings. The worldwide elastomeric couplings market is anticipated to develop strongly in the Middle East, Africa, and Latin America.

KEY INDUSTRY PLAYERS

Key Players Focus on Partnerships to Gain a Competitive Advantage

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Top Elastomeric Coupling Companies

• Siemens (Germany)
• Regal Rexnord (U.S.)
• Dodge (U.S.)
• Altra Industrial Motion (U.S.)
• KTR (India)
• SKF (Sweden)
• VULKAN (India)
• Voith (Germany)
• LORD (U.S.)
• The Timken (U.S.)
• REICH (Germany)
• KWD (Kuwait)
• John Crane (U.S.)
• Renold (UK.)
• Tsubakimoto Chain (Japan)
• R+W Coupling (U.S.)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.