Europe Elastomeric Couplings Market

Europe Elastomeric Couplings Market Size (2024 to 2029)

The size of the Europe elastomeric couplings market is estimated to grow from USD 0.89 billion in 2024 to USD 1.19 billion by 2029, growing at a CAGR of 6.18% from 2024 to 2029.

An elastomeric coupling is made up of a flexible elastic material that transmits torque while also handling a range of degrees of misalignment between the shafts that may occur. It is designed to wear out the elastic components of this type of coupling before any metal components wear out so that the coupling can last longer.

The demand for and use of nitrocellulose is growing rapidly. As a result, they can be found in various industries, such as machine tools, heavy machinery, and the automobile industry. The type of coupling used in this type of equipment is used almost everywhere. Pumps, blowers, pumps, compressors, mixers, conveyors, and much other equipment use this type of coupling. As a result of these characteristics and the fact that elastomeric couplings are available in such a wide range of applications, the market for elastomeric couplings is expected to expand over the forecast period.

The rise in demand for elastomeric couplings in the automobile industry is fuelling the growth rate of the European market. This flexible part is used in reciprocating machinery and internal combustion engines to dampen the inevitable torsional vibrations that become a part of the operation. Furthermore, it is possible to mount the flywheel on the stub shafts and assemble the coupling using elastomeric Coupling. These are the main advantages of elastomeric couplings in the automobile industries, driving the growth of the Europe market. Furthermore, due to rapid technological advancement, the Europe market for Elastomeric Couples also experiences a direct and significant impact. This opens up new opportunities for growth in the market.

When elastomeric couplings are employed, the temperature rise may be a concern. Furthermore, couplers' internal materials are liable to deteriorate with time due to frictional heating, especially if they are employed with heavy loads. As a result, the material's strength will decrease. These drawbacks of elastomeric coupling are hampering the growth of the Europe elastomeric couplings market.

Impact of COVID-19 on the Europe elastomeric couplings market:

Many European countries were severely affected by COVID-19, which forced the governments to lock down. The manufacturing unit's production was halted, which resulted in a decrease in supplies. The demand from the automobile industry decreased, one of the region's largest markets.

This research report on the Europe elastomeric couplings market has been segmented and sub-segmented based on the following categories.

Europe Elastomeric Couplings Market - By Product Type:

• Jaw Type
• Gear Type
• Tire Type
• Dowel Pin Type
• Others

Jaw-type couplings are leading the product-type segment and are expected to grow significantly during the forecasted period. The key factor driving the growth of this segment is that jaw-type couplings are all-purpose power transmission couplings. They can work in various temperatures; support loads resulting from misalignment, have good torque thanks to their ability to expand beyond their original size; can move at good speeds; are chemically resistant, and perform well in dampening. In addition, jaw couplings are widely accessible and affordable compared to other options. Due to its simple availability, operators would be able to immediately service or replace parts in the event of an unanticipated event.

Europe Elastomeric Couplings Market - By Application:

• Pumps
• Fans/Blowers
• Compressors
• Mixers
• Conveyors
• Others

Pumps are the application segment's market leader and are anticipated to expand significantly during the estimated period. Elastomeric couplings are a preferred option for nearly all sizes and types of pumps because of how quickly they can be installed. They are also able to withstand any kind of misalignment, stress, and end float.

Europe Elastomeric Couplings Market - By End-User:

• Automotive Industry
• Heavy Machinery
• Machine Tools

The automotive industry is leading the application segment and is expected to grow significantly during the forecasted period. It is the automobile sector that is critical to the success of Europe. The demand for vehicles has been increasing tremendously in the last few years. This has directly influenced the need for elastomeric couplings in the automotive industry due to this increase in demand. As a result of these numerous advantages, the elastomeric coupling market is on the rise.

Europe Elastomeric Couplings Market – By Country:

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe

Germany is leading the European region in terms of market share in 2023. As a result of the increasing demand for elastomeric couplings in various sectors, the market is predicted to grow at a significant rate. Furthermore, in terms of the automotive industry, Germany is considered the heart of the European region. This is because it is considered the largest market in the region, making it the hub of the automotive industry. Furthermore, with the presence of many manufacturers in the country, the growth of the elastomeric coupling market is expected to accelerate in the near future.

KEY MARKET PARTICIPANTS:

Companies playing a major role in the Europe elastomeric couplings market include Siemens AG, System Components Inc., R+W Antriebselemente GmbH, Astro-Tex Co., Inc., Regal Beloit Corporation, ABB Motors and Mechanical Inc., Flender AG, Ringfeder, John Crane and Altra Industrial Motion Corp.

RECENT HAPPENINGS IN THE MARKET:

• In May 2022, Flender AG announced the launch of three new products in its coupling series N-Eupex to expand its portfolio. These new launches will allow flexibility in their systems without losing the compact design and high load capacity of a pin coupling. The three products are N-Eupex ERN, N-Eupex B plus, and N-Eupex DKS.
• In April 2021, Ringfeder Power Transmission announced the addition of a new type, GWE 5113, to its product portfolio of backlash-free elastomeric jaw couplings. As part of this new product, the hubs are developed from high-precision aluminum materials with excellent shock-and-vibration-absorbing properties.