Brand Story
23 May 2023, 03:13 GMT+10
The global couplings market is valued at US$ 1.3 billion in 2023 and is expected to reach US$ 1.7 billion by 2033. This is because worldwide sales of couplings are predicted to increase steadily at a CAGR of 3% through 2033. The couplings market refers to the industry that produces and sells mechanical couplings used to connect two rotating shafts together. These couplings are typically used in machinery and equipment such as pumps, generators, compressors, and turbines
There are many different types of couplings available on the market, including flexible couplings, rigid couplings, and fluid couplings, among others. Each type of coupling has its own specific benefits and applications. The global couplings market is expected to continue growing due to increasing demand from various industries, such as oil and gas, power generation, and automotive. The market is also being driven by advancements in technology, which are leading to the development of more efficient and reliable couplings
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Key Takeaways from Market Study
Region wise Insights
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Competitive Landscape
Key players in the couplings market are being encouraged by rapid industrialization and expansion in the aerospace & defence, healthcare, and industrial sectors to produce cutting-edge products to fulfil end users' demand, which is further enhancing their earnings.
Leading firms in this market are using a variety of organic and inorganic marketing strategies, according to Fact.MR, a source of market research and competitive information.
Key Companies Profiled
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Key Questions Covered in the Couplings Market Report
Who are the major players operating in the couplings market and what are their market shares, product portfolios, and business strategies?
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