Product Code: ETC043264 | Publication Date: Jun 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India shaft couplings market import shipment demonstrated a robust growth trend with a CAGR of 18.6% from 2020 to 2024. The market witnessed a slightly lower but still strong growth rate of 11.9% between 2023 and 2024, indicating continued expansion and positive momentum in the later years of the period.
The India Shaft Couplings Market is expected to witness considerable growth during the forecast period, 2025-2031. The market is driven by various factors such as increasing demand for power transmission components and rising industrial automation across different industries. Additionally, growing government investments in infrastructure development projects will support the growth of shaft couplings market in the country over the forecast period. Furthermore, innovative product launches coupled with technological advancements are some other key trends expected to drive shaft couplings industry in coming years.
? Increasing Demand for Power Transmission Components: Growing adoption of electric vehicles and rising energy needs has increased demand for power transmission components across India. This factor is projected to boost demand for shaft couplings across a wide range of applications including wind turbines, automobile & aerospace industries among others over the forecast period.
? Rising Industrial Automation: Increasing focus on process optimization coupled with need to reduce production costs has led manufacturers towards automated systems which require reliable & efficient connection between two equipment or machines via coupling devices that offers flexible movement during operations without any failure or downtime. Therefore, rise in trend of automation will further augment India shaft couplings industry outlook over next few years.
High Cost Associated With Maintenance Of Shaft Coupling Devices : At times due to inadequate lubrication or overload conditions there can be excessive wear on sleeve bearing leading to frequent maintenance cost associated with them which may hamper overall India Shaft Coupling market size over upcoming years
Some major players operating in Indian Shaft Coupling Market include KTR Systems Gmbh., Lovejoy Inc., R+W Antriebselemente GmbH , Huco Dynatork Ltd., Voith Turbo Pvt Ltd., Regal Beloit Corporation , TB Wood?s Incorporated , Waukesha Bearings Corp . Baldor Electric Company (ABB) etc.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Shaft Couplings Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Shaft Couplings Market Revenues & Volume, 2021 & 2031F |
3.3 India Shaft Couplings Market - Industry Life Cycle |
3.4 India Shaft Couplings Market - Porter's Five Forces |
3.5 India Shaft Couplings Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Shaft Couplings Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Shaft Couplings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and infrastructure development in India leading to higher demand for machinery and equipment, thus driving the shaft couplings market. |
4.2.2 Growing adoption of automation and Industry 4.0 practices in various sectors, increasing the need for efficient and reliable shaft couplings. |
4.2.3 Technological advancements in shaft coupling materials and designs, offering improved performance and durability, thereby boosting market growth. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices affecting the manufacturing costs of shaft couplings. |
4.3.2 Intense competition among market players leading to pricing pressures and margin constraints. |
4.3.3 Economic uncertainties and geopolitical factors impacting investments in industrial projects and thereby affecting the demand for shaft couplings. |
5 India Shaft Couplings Market Trends |
6 India Shaft Couplings Market, By Types |
6.1 India Shaft Couplings Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Shaft Couplings Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Shaft Couplings Market Revenues & Volume, By Flexible Couplings, 2021-2031F |
6.1.4 India Shaft Couplings Market Revenues & Volume, By Disc Rigid Couplings, 2021-2031F |
6.2 India Shaft Couplings Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Shaft Couplings Market Revenues & Volume, By Power and Energy, 2021-2031F |
6.2.3 India Shaft Couplings Market Revenues & Volume, By Automotive Industry, 2021-2031F |
6.2.4 India Shaft Couplings Market Revenues & Volume, By Steel Industry, 2021-2031F |
7 India Shaft Couplings Market Import-Export Trade Statistics |
7.1 India Shaft Couplings Market Export to Major Countries |
7.2 India Shaft Couplings Market Imports from Major Countries |
8 India Shaft Couplings Market Key Performance Indicators |
8.1 Average order value per customer, indicating the level of investment and demand for shaft couplings. |
8.2 Rate of adoption of new shaft coupling technologies or designs, reflecting market acceptance and growth potential. |
8.3 Customer satisfaction scores or feedback on product quality, reliability, and service, providing insights into market competitiveness and future growth opportunities. |
9 India Shaft Couplings Market - Opportunity Assessment |
9.1 India Shaft Couplings Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Shaft Couplings Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Shaft Couplings Market - Competitive Landscape |
10.1 India Shaft Couplings Market Revenue Share, By Companies, 2024 |
10.2 India Shaft Couplings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |