Coupling is a machine element that attaches two mechanical shafts together by their ends for power transmission. It is primarily used to assist rotating machine components such as motors for driving conveyor belts. Couplings are also used to connect and disconnect various fluid systems such as oil, gas, air, and chemicals, and powder systems. Couplings prevent shafts to get disconnect during operation while some torque limiting couplings can restrict rotating motion when a specific torque limit is surpassed. Couplings also permit some degree of end movement or misalignment or both. Therefore, careful selection and installation of couplings that reduce downtime and maintenance cost offers cost advantages. Unlike the traditional nut and bolt joints, couplings are oil and lubricant free; they are light in weight, offer high torque, easy to mount and dismount, allow high range of misalignment and offers high resistance to environmental conditions. Couplings are of two types; flexible couplings that permit misalignment and rigid couplings that hold shafts precisely and firmly and do not permit misalignment. 
 
Couplings find wide applications in industries such as oil industry, natural gas industry, water treatment companies and chemical industry. Additionally, the market has witnessed increase in adoption for coupling in gas pipe construction industry. However, increasing cost of labor and deteriorating exports are factors responsible for alteration of the couplings market globally. With industries worldwide focusing majorly on improvement of energy efficiency, the demand for couplings is likely to witness growth traction in near future. Additionally, strategic expansions pertaining to the coupling market in the MINT nations (Mexico, Indonesia, Nigeria and Turkey) are likely to provide higher growth opportunities. However, product technology of industrial couplings has matured and therefore customers seek value additions as a key purchase criterion for couplings. Moreover, lack of new application potentials of the industrial couplings is hindering the market growth. 
 
The coupling industry has witnessed innovations in product technology. Some of the major trends that this industry follow include developing couplings that require less space, usage of low weight materials with better inertia qualities for manufacturing couplings. Optimized disc springs and usage of wear free materials also play an important role while designing couplings.
 
The growth of the global coupling market in developed economies is likely to witness a slower growth over the forecast period. The restricted capital expenditures across various end user industries such as the manufacturing and oil and gas industry, has considerably constrained the market growth. However, the demand in emerging nations such as India, China, Russia, Brazil and the Eastern European countries is anticipated to boost market growth. This is mainly due to the fact that, these regions have become the global centers of the manufacturing industry. The material handling sector in Middle East and the mining industry in Africa are also expected to be the fastest growing regions for couplings in near future.
 
Some of the major players in the global coupling market are Altra Industrial Motion Corp., Colossus,  Dandong Colossus Group Co., Ltd., Daido Precision Industries Ltd., Emerson Electric Co., Industrial Clutch Parts Ltd., John Crane Ltd., KTR Kupplungstechnik GmbH, Chr. Mayr GmbH & Co. KG, Siemens AG, Unique Transmission Private Limited and Voith Turbo GmbH & Co. KG.
 
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
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  • Factors limiting market growth
  • Current market trends 
  • Market structure
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This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 
 
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
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4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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