Global Automotive Coupling Market is anticipated to reach US$ 126.62 Mn by 2026 from US$ XX Mn in 2020 at a CAGR of XX % during a forecast period.
Global Automotive Coupling Market Overview
Automotive couplings are used to join two shafts of power transmission. Couplings reduce vibration in shafts, prevent disconnection of shafts during the operation and are used to disconnect or connect various fluid systems such as air, gas, oil and chemicals. The CAFE (Corporate Average Fuel Economy), BS-VI, EURO 6, and EPA (Environmental Protection Agency) standards have put regulations to use better alloys with high tensile strength in the automotive coupling, which in turn is expected to drive the growth of the automotive couplings market during the forecast period.
The report covers the detailed analysis of the Global automotive coupling industry with the classifications of the market on the basis of type, application and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.
Global Automotive Coupling Market
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The report has profiled sixteen key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation of market size. The manufacturing environment in each region is different and focus is given to the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed.
Global Automotive Coupling Market Dynamics
It is important to protect the shaft from wear & tear and to reduce the vibration in the car, which have created a demand for automotive coupling globally. An increase in demand for automobiles, the development of new technologies & their integration with mechanical components, and preference for compact size in vehicles are expected to drive the growth of automotive coupling globally. Similarly, preference for compactness, stringent CO2 emission norms, and continuous research and development activities in the field of material technology are anticipated to provide numerous opportunities to the automotive coupling market.
The high cost and maintenance of couplings, failure of automotive coupling due to improper coupling, poor coupling selection and operation beyond design capabilities are the factors that may hinder the growth of the automotive coupling market during the forecast period
Global Automotive Coupling Market Segmentation Analysis
By Type, flexible couplings provide some degree of misalignment to adapt to change in positions of power transmitting shafts. Rigid couplings require precise alignment and torque, it allows no movement between the two shafts and requires lubrication many times. Whereas flexible couplings can be used where there is a slight amount of misalignment between shafts. They can transmit a larger torque better than the earlier types of couplings for the same size. Thus flexible couplings are preferred over the other type of couplings.
By Vehicle Type, demand for couplings is expected to grow due to the increase in demand for heavy commercial vehicles as the heavy commercial vehicles segment consists of large-sized couplings made of cast iron. The commercial vehicles segment accounts share of XX% in the automotive coupling market due to an increase in the sale of commercial vehicles of developed countries such as the U.S. and China, and several developing countries such as India, Brazil, and Asian countries. Manufactures are mainly investing in new technologies of vehicles, which has led to the growth of the automotive sector and thereby the automotive coupling market.
Global Automotive Coupling Market
Global Automotive Coupling Market
Europe holds the largest market share in the Automotive Coupling Market of 2019 and is expected to hold the market share of XX% during the forecast period due to high growth and demand for automobiles in the region compared to other developed regions.
North America is expected to hold the second-largest share in Automotive Coupling Market as every household in North America owns a car, and high production and sale of vehicles, which are expected to boost the demand for the Automotive Coupling Market in the region. The Developing countries like India and China regions accounted for a significant share in the automotive Coupling market due to growing globalization, rapid economic development and the sale of passenger vehicles.
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Global Automotive Coupling Market Scope: Inquire before buying
Global Automotive Coupling Market
Global Automotive Coupling Market by Region:
• North America
• Asia pacific
• Europe
• Middle East and Africa
• South America
Global Automotive Coupling Market Key Players
• Dana Limited
• BorgWarner Inc
• Nexteer Automotive
• Suddeutsche Gelenkscheibenfabrik GmbH & Co
• KGis
• CO.R.A. S.r.l
• Superior Driveline Eaton Corporation
• SGF Automotive
• Minda Furukawa Electric Pvt. Ltd
• Teconnex
• Diamon Sp.z.o
• Konsberg Automotive
• Madras Chain Corporation Yutaka Giken
• KET
• SHOWA
• AAM
• TDF
• Hyundai WIA
• JTEKT
• Yazaki
• Kyungshin
• Lear
• Delphi
• Gates
• Magna
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