According to a new report, published by KBV research, The Global High Flexible Coupling Market size is expected to reach $3 billion by 2030, rising at a market growth of 4.9% CAGR during the forecast period.
The Automotive segment is showcasing a CAGR of 5.1% during (2023 - 2030). Automotive uses high-speed coupling to convey torque and rotation. During an automobile's operation, it also makes it easier for power to be transferred between two spinning shafts or components that are far apart from one another. The coupling assembly guards against the overburden of the system caused by the engagement of extra components, such as gears, and assists in coordinating rotational speed, and decrease noise and vibrations.
The Steel segment is generating the highest revenue share in the Global High Flexible Coupling Market by Material in 2022 thereby, achieving a market value of $1.7 billion by 2030. Because of their torsional stiffness, steel high flexible couplings allow for very few "twists" between hubs, sometimes resulting in the positive displacement of the driven shaft for each small movement of the driving shaft. Additionally, they are widely utilized in the operation of electric motor drives while under quite high ambient temperatures and the presence of specific lubricants or chemicals.
The Disc Coupling segment has shown the growth rate of 5.1% during (2023 - 2030). A flexible shaft coupling called a disc coupling connects the shafts using one or more discs. The discs are often made of metal or plastic, and bolts, screws, or other fasteners are used to attach them to the shafts. Power transfer, fluid power transmission, and mechanical power transmission are only a few uses for disc couplings. The growing demand for disc couplings in these processes is driving the expansion of the market.
The Europe market dominated the Global High Flexible Coupling Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1 billion by 2030. The North America market is exhibiting a CAGR of 4.5% during (2023 - 2030). Additionally, The Asia Pacific market would showcase a CAGR of 5.6% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/high-flexible-coupling-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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