High Flexible Coupling Market Expected to Reach $3.6 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “High Flexible Coupling Market," The high flexible coupling market was valued at $2.2 billion in 2022, and is estimated to reach $3.6 billion by 2032, growing at a CAGR of 5% from 2023 to 2032.

As per the high flexible coupling market outlook, the Flexible Shaft Couplings join two shafts end to end in a straight line, enabling them to rotate at the same speed. These flexible shafts enable axial movement and shaft misalignment. Misalignment is utilized to soften vibrations and transfer torque from one shaft to another. It is frequently employed in fields such as the oil and gas industry, mining, industrial applications, and others where gearboxes with severe torque are necessary.

Rise in infrastructure development and construction activities across the globe drives the demand for high flexible coupling which in turn is resulting in expansion of high flexible coupling market size. In addition, these couplings are used in various construction machinery such as excavators, cranes, and concrete pumps, to enable torque transmission and misalignment compensation. Furthermore, an increase in construction activities is anticipated to boost the demand for material-handling devices such as excavators and pullers. Moreover, major players that provide excavators in France include JCB, Volvo AB, and John Deere. For instance, in March 2020, J C Bamford Excavators Ltd launched its new 8025 ZTS mini excavator. It offers a 20.9 Kw Perkin engine with a weighing capacity of 2.8 tons. It also required high flexible coupling for better torque. It is most suitable for construction, and landscaping areas. As per the latest, high flexible coupling market trends, the high flexible coupling industry is poised for growth with ongoing infrastructure projects in emerging economic and urbanization trends.   

The increasing adoption of automation in industries requires efficient and reliable power transmission systems. High flexible couplings provide torsional flexibility, vibration damping, and misalignment compensation, making them ideal for automated machinery and systems. In addition, The expanding industrial sectors, such as manufacturing, energy, and automotive, are driving the demand for high flexible couplings. These couplings are used in applications like pumps, compressors, turbines, conveyors, and other rotating equipment. Moreover, ongoing advancements in materials, design, and manufacturing processes contribute to the development of high-performance high flexible couplings. Improved materials, such as advanced polymers and composites, enhance the coupling's strength, flexibility, and durability, attracting more users. Furthermore, the global shift towards renewable energy sources like wind and solar power has increased the demand for high flexible couplings. Couplings are used in wind turbines and solar tracking systems to transmit torque and accommodate misalignments caused by wind and sun direction changes. The growth potential of the high flexible coupling market is significant in emerging economies that are experiencing rapid industrialization and infrastructure development. Countries like China, India, Brazil, and others present new opportunities for market expansion.

In addition, high flexible coupling components are applicable in a variety of sectors, including steel & metal, electronic, medical, aerospace, defense, and manufacturing industries. Exponential rise in global population has significantly increased the demand for essential products such as electronics, home care, food, beverage, and pharmaceutical industries across developing nations such as India, China, and Africa. This increase in demand for consumer products has simultaneously fueled the need for manufacturing machinery, which, in turn, propels the use of automation components for production and maintenance of machinery. Moreover, rise in automation and robotics in variety of industries in production lines and other activities creates demand for automation components such as motors, gears, screws, sensors, high flexible coupling, and other components. Major players in the industry having significant high flexible coupling market share such as Bosch Rexroth, Emerson Electric Co., Nidec Corporation, and Parker Hannifin Corporation offer high flexible coupling for small- and large-scale industries. All such instances are expected to drive the highly flexible coupling market.  

Moreover, the market for highly flexible couplings is currently experiencing significant growth restrictions due to the rapid pace of innovation, the need for industrial providers to adapt to new technology infrastructures, and the need to enhance their operations and business processes. Moreover, lack of awareness for the advantages of automated processes and technical proficiency, alongside the continuous innovation in manufacturing processes, poses challenges to the high flexible coupling market growth.  

As per the high flexible coupling market analysis, the demand for high flexible coupling is expected to grow with the increase in adoption of industrial automation and robotics. These coupling facilities smooth power transmission and compensate for misalignments in robotics arms, automated assembly lines, and material handling system. In addition, the emergence of industrial automation and smart robotic applications platforms is an important factor for the overall growth of automation components market in manufacturing, aerospace, and other industries. Moreover, key market players are focused on the development of new products to strengthen their product portfolio. For instance, in June 2022, KTR Systems GmbH launched its new intermediate shaft coupling from the Rotex family. Aluminum is used for the shaft, which enables shaft distances of up to 4,000 mm. Five sizes of the ROTEX ZRS are offered for torques up to 560 Nm. Such advancements in automation components are expected to offer lucrative opportunities for the expansion of the market during the high flexible coupling market forecast period.