Couplings Market Size to grow by USD 121.24 million |Growth of Lumbar Industry Boost Growth 17000 + Technavio Reports
NEW YORK, Oct. 13, 2021 /PRNewswire/ -- The couplings market size is expected to increase by USD 121.24 million from 2021 to 2025, registering a CAGR of 1.32%, according to the latest research report from Technavio. The couplings market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market.
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The market is driven by the rising adoption of renewable energy and the growth of the global lumbar industry. However, the competitive pricing strategy adopted by low-cost Asian manufacturers will hamper the market.
The couplings market analysis includes segmentation based on product (elastomeric couplings, metallic couplings, mechanical couplings, and other couplings) and geography (APAC, Europe, North America, South America, and MEA). This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The couplings market covers the following areas:
Companies Mentioned
- AB SKF
- ABB Ltd.
- MECVEL Srl
- Regal Beloit Corp.
- Rexnord Corp.
- Smiths Group Plc
- The Carlyle Group Inc.
- The Timken Co.
- Tsubakimoto Chain Co.
- Voith GmbH and Co. KGaA
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Couplings Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 1.32% |
Market growth 2021-2025 | USD 121.24 million |
Market structure | Fragmented |
YoY growth (%) | -0.28 |
Regional analysis | APAC, Europe, North America, South America, and MEA |
Performing market contribution | APAC at 56% |
Key consumer countries | China, US, Japan, Germany, and India |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | AB SKF, ABB Ltd., MECVEL Srl, Regal Beloit Corp., Rexnord Corp., Smiths Group Plc, The Carlyle Group Inc., The Timken Co., Tsubakimoto Chain Co., and Voith GmbH and Co. KGaA |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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