The North America High Flexible Coupling Market would witness market growth of 4.5% CAGR during the forecast period (2023-2030).
High flexible couplings connect two axles in a straight path so they can rotate at an identical speed. These flexible shafts also allow for axial movement and shaft misalignment for coupling. Misalignment is used to shift torque from one particular shaft to another and to reduce vibrations. Engineers today face several difficulties that can be overcome by choosing the proper coupling. In order to achieve the strictest criteria, machines, as well as their drives, must be able to manage shocks, heat, cold, efficiency, and work safely. Engineers opt for a high flexible coupling to adjust the system's natural frequency.
In industries including the oil and gas sector, industrial applications, mining, and others where gearboxes with high torque requirements are necessary, these couplings are widely used. In the automobile sector, producers and operators have high standards for the efficiency of their products. High reliability, little downtime, and a low total cost of ownership are all requirements. For these criteria, high-flexible couplings were specifically developed. By defending the driveline, they increase the lifespan and availability of every connected drive component. By doing this, they raise the system's or vehicle's productivity.
The Government of Canada has made substantial investments in Canada's oil & gas and food & beverage industries. Canada is fourth in the world for crude oil output and fifth overall for natural gas production. 97 percent of Canada's proven oil reserves are oil sands. Canadian refineries can process 2 million barrels of crude oil per day. Of the 46 million tons of coal that Canada produced in 2020, 57% were utilized to make steel. The nation's abundance of crude oil sources and drilling platforms can meet the need. Consequently, this region offers profitable chances to increase the size of the market.
The US market dominated the North America High Flexible Coupling Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $625.3 million by 2030. The Canada market is poised to grow at a CAGR of 6.8% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 5.9% during (2023 - 2030).
Based on Industry, the market is segmented into Oil & Gas, Automotive, Power Generation and Others. Based on Material, the market is segmented into Steel, Rubber and Others. Based on Type, the market is segmented into Elastomeric Couplings, Disc Coupling, Grid Coupling, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide High Flexible Coupling Market is Projected to reach USD 3 Billion by 2030, at a CAGR of 4.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Timken Company, Kawasaki Heavy Industries, Ltd., Regal Rexnord Corporation (Stromag), VULKAN Group (Hackforth Holding GmbH & Co. KG), ComInTec S.r.l, RENK GmbH, KTR Systems GmbH, Renold plc, Ortlinghaus-Werke GmbH and Flender AG.
Scope of the Study
Market Segments Covered in the Report:
By Industry
- Oil & Gas
- Automotive
- Power Generation
- Others
By Material
By Type
- Elastomeric Couplings
- Disc Coupling
- Grid Coupling
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- The Timken Company
- Kawasaki Heavy Industries, Ltd.
- Regal Rexnord Corporation (Stromag)
- VULKAN Group (Hackforth Holding GmbH & Co. KG)
- ComInTec S.r.l
- RENK GmbH
- KTR Systems GmbH
- Renold plc
- Ortlinghaus-Werke GmbH
- Flender AG
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America High Flexible Coupling Market, by Industry
1.4.2 North America High Flexible Coupling Market, by Material
1.4.3 North America High Flexible Coupling Market, by Type
1.4.4 North America High Flexible Coupling Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America High Flexible Coupling Market by Industry
3.1 North America Oil & Gas Market by Country
3.2 North America Automotive Market by Country
3.3 North America Power Generation Market by Country
3.4 North America Others Market by Country
Chapter 4. North America High Flexible Coupling Market by Material
4.1 North America Steel Market by Country
4.2 North America Rubber Market by Country
4.3 North America Others Market by Country
Chapter 5. North America High Flexible Coupling Market by Type
5.1 North America Elastomeric Couplings Market by Country
5.2 North America Disc Coupling Market by Country
5.3 North America Grid Coupling Market by Country
5.4 North America Others Market by Country
Chapter 6. North America High Flexible Coupling Market by Country
6.1 US High Flexible Coupling Market
6.1.1 US High Flexible Coupling Market by Industry
6.1.2 US High Flexible Coupling Market by Material
6.1.3 US High Flexible Coupling Market by Type
6.2 Canada High Flexible Coupling Market
6.2.1 Canada High Flexible Coupling Market by Industry
6.2.2 Canada High Flexible Coupling Market by Material
6.2.3 Canada High Flexible Coupling Market by Type
6.3 Mexico High Flexible Coupling Market
6.3.1 Mexico High Flexible Coupling Market by Industry
6.3.2 Mexico High Flexible Coupling Market by Material
6.3.3 Mexico High Flexible Coupling Market by Type
6.4 Rest of North America High Flexible Coupling Market
6.4.1 Rest of North America High Flexible Coupling Market by Industry
6.4.2 Rest of North America High Flexible Coupling Market by Material
6.4.3 Rest of North America High Flexible Coupling Market by Type
Chapter 7. Company Profiles
7.1 Renold plc
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Acquisition and Mergers:
7.2 Regal Rexnord Corporation (Stromag)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.3 The Timken Company
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.4 Kawasaki Heavy Industries, Ltd.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.5 KTR Systems GmbH
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.5.2.2 Product Launches and Product Expansions:
7.6 Flender AG
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.6.2.2 Product Launches and Product Expansions:
7.7 RENK GmbH
7.7.1 Company Overview
7.7.2 Recent Strategies and Developments:
7.7.2.1 Mergers & Acquisitions:
7.8 VULKAN Group (Hackforth Holding GmbH & Co. KG)
7.8.1 Company Overview
7.9 ComInTec S.r.l
7.9.1 Company Overview
7.10. Ortlinghaus-Werke GmbH
7.10.1 Company Overview
TABLE 1 North America High Flexible Coupling Market, 2019 - 2022, USD Million
TABLE 2 North America High Flexible Coupling Market, 2023 - 2030, USD Million
TABLE 3 North America High Flexible Coupling Market by Industry, 2019 - 2022, USD Million
TABLE 4 North America High Flexible Coupling Market by Industry, 2023 - 2030, USD Million
TABLE 5 North America Oil & Gas Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Oil & Gas Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Automotive Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Power Generation Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Power Generation Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 13 North America High Flexible Coupling Market by Material, 2019 - 2022, USD Million
TABLE 14 North America High Flexible Coupling Market by Material, 2023 - 2030, USD Million
TABLE 15 North America Steel Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Steel Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Rubber Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Rubber Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 21 North America High Flexible Coupling Market by Type, 2019 - 2022, USD Million
TABLE 22 North America High Flexible Coupling Market by Type, 2023 - 2030, USD Million
TABLE 23 North America Elastomeric Couplings Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Elastomeric Couplings Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Disc Coupling Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Disc Coupling Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Grid Coupling Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Grid Coupling Market by Country, 2023 - 2030, USD Million
TABLE 29 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 31 North America High Flexible Coupling Market by Country, 2019 - 2022, USD Million
TABLE 32 North America High Flexible Coupling Market by Country, 2023 - 2030, USD Million
TABLE 33 US High Flexible Coupling Market, 2019 - 2022, USD Million
TABLE 34 US High Flexible Coupling Market, 2023 - 2030, USD Million
TABLE 35 US High Flexible Coupling Market by Industry, 2019 - 2022, USD Million
TABLE 36 US High Flexible Coupling Market by Industry, 2023 - 2030, USD Million
TABLE 37 US High Flexible Coupling Market by Material, 2019 - 2022, USD Million
TABLE 38 US High Flexible Coupling Market by Material, 2023 - 2030, USD Million
TABLE 39 US High Flexible Coupling Market by Type, 2019 - 2022, USD Million
TABLE 40 US High Flexible Coupling Market by Type, 2023 - 2030, USD Million
TABLE 41 Canada High Flexible Coupling Market, 2019 - 2022, USD Million
TABLE 42 Canada High Flexible Coupling Market, 2023 - 2030, USD Million
TABLE 43 Canada High Flexible Coupling Market by Industry, 2019 - 2022, USD Million
TABLE 44 Canada High Flexible Coupling Market by Industry, 2023 - 2030, USD Million
TABLE 45 Canada High Flexible Coupling Market by Material, 2019 - 2022, USD Million
TABLE 46 Canada High Flexible Coupling Market by Material, 2023 - 2030, USD Million
TABLE 47 Canada High Flexible Coupling Market by Type, 2019 - 2022, USD Million
TABLE 48 Canada High Flexible Coupling Market by Type, 2023 - 2030, USD Million
TABLE 49 Mexico High Flexible Coupling Market, 2019 - 2022, USD Million
TABLE 50 Mexico High Flexible Coupling Market, 2023 - 2030, USD Million
TABLE 51 Mexico High Flexible Coupling Market by Industry, 2019 - 2022, USD Million
TABLE 52 Mexico High Flexible Coupling Market by Industry, 2023 - 2030, USD Million
TABLE 53 Mexico High Flexible Coupling Market by Material, 2019 - 2022, USD Million
TABLE 54 Mexico High Flexible Coupling Market by Material, 2023 - 2030, USD Million
TABLE 55 Mexico High Flexible Coupling Market by Type, 2019 - 2022, USD Million
TABLE 56 Mexico High Flexible Coupling Market by Type, 2023 - 2030, USD Million
TABLE 57 Rest of North America High Flexible Coupling Market, 2019 - 2022, USD Million
TABLE 58 Rest of North America High Flexible Coupling Market, 2023 - 2030, USD Million
TABLE 59 Rest of North America High Flexible Coupling Market by Industry, 2019 - 2022, USD Million
TABLE 60 Rest of North America High Flexible Coupling Market by Industry, 2023 - 2030, USD Million
TABLE 61 Rest of North America High Flexible Coupling Market by Material, 2019 - 2022, USD Million
TABLE 62 Rest of North America High Flexible Coupling Market by Material, 2023 - 2030, USD Million
TABLE 63 Rest of North America High Flexible Coupling Market by Type, 2019 - 2022, USD Million
TABLE 64 Rest of North America High Flexible Coupling Market by Type, 2023 - 2030, USD Million
TABLE 65 Key Information – Renold plc
TABLE 66 Key Information – Regal Rexnord Corporation
TABLE 67 Key Information – the timken company
TABLE 68 Key Information – Kawasaki Heavy Industries, Ltd.
TABLE 69 Key Information – KTR Systems GmbH
TABLE 70 Key Information –Flender AG
TABLE 71 Key Information – RENK GmbH
TABLE 72 Key Information – VULKAN Technologies Pvt. Ltd.
TABLE 73 Key Information – ComInTec S.r.l
TABLE 74 Key Information – Ortlinghaus-Werke GmbH
List of Figures
FIG 1 Methodology for the research
FIG 2 North America High Flexible Coupling Market share by Industry, 2022
FIG 3 North America High Flexible Coupling Market share by Industry, 2030
FIG 4 North America High Flexible Coupling Market by Industry, 2019 - 2030, USD Million
FIG 5 North America High Flexible Coupling Market share by Material, 2022
FIG 6 North America High Flexible Coupling Market share by Material, 2030
FIG 7 North America High Flexible Coupling Market by Material, 2019 - 2030, USD Million
FIG 8 North America High Flexible Coupling Market share by Type, 2022
FIG 9 North America High Flexible Coupling Market share by Type, 2030
FIG 10 North America High Flexible Coupling Market by Type, 2019 - 2030, USD Million
FIG 11 North America High Flexible Coupling Market share by Country, 2022
FIG 12 North America High Flexible Coupling Market share by Country, 2030
FIG 13 North America High Flexible Coupling Market by Country, 2019 - 2030, USD Million
FIG 14 Recent strategies and developments: KTR Systems GmbH
FIG 15 Recent strategies and developments: Flender AG