| Product Code: ETC263544 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India flexible shaft couplings market demonstrated a strong growth trend with a CAGR of 10.5% from 2020 to 2024. However, there was a notable slowdown in growth between 2023 and 2024, with a decrease of 15.9%. Overall, while the market expanded significantly, there are signs of stabilization in the recent period.
The India flexible shaft couplings market is a significant segment of the country`s mechanical power transmission industry. Flexible shaft couplings are mechanical devices used to connect and transmit torque between shafts, accommodating misalignments and vibrations. The market is driven by factors such as the growing demand for industrial automation, the adoption of machinery and equipment in various sectors, and the need for reliable and efficient power transmission solutions. The market`s growth is also influenced by advancements in manufacturing technology and the increasing use of robotics and automation in industries. However, challenges related to product standardization and the availability of low-cost alternatives may impact market dynamics. Key players in the market include manufacturers and suppliers of flexible shaft couplings, providing solutions for diverse mechanical applications and industrial sectors.
The India flexible shaft couplings market is influenced by several key drivers. Firstly, the growing industrial automation and the expansion of manufacturing sectors drive the demand for flexible shaft couplings. These couplings are used in various industrial applications, such as pumps, motors, and conveyor systems, to transmit torque and accommodate misalignments between shafts. Secondly, the focus on reducing machinery downtime and maintenance costs has led to the adoption of flexible shaft couplings, which offer enhanced performance and reliability. The trend of miniaturization and lightweight designs in machinery and automation systems has further driven the demand for compact and flexible coupling solutions. Moreover, advancements in technology and the development of innovative materials and designs have contributed to the market`s expansion.
The India flexible shaft couplings market is experiencing growth driven by various factors. The increasing use of flexible shaft couplings in machinery and industrial equipment to transmit torque and accommodate misalignments is driving market demand. The growth of the manufacturing sector and the expansion of automation and robotics applications are also contributing to the demand for flexible shaft couplings. Additionally, the need for reliable and efficient power transmission solutions in various industries is further fueling market growth.
The Covid-19 pandemic influenced the flexible shaft couplings market in India due to disruptions in manufacturing and supply chain operations. While the market faced challenges during the peak of the pandemic, the gradual resumption of industrial activities and infrastructure projects led to a rebound in demand for flexible shaft couplings. Sectors such as manufacturing, construction, and renewable energy, which extensively use flexible shaft couplings, witnessed varying levels of demand based on their pandemic-induced operational status.
The India flexible shaft couplings market is served by various players in the manufacturing and engineering industry. Some prominent players include Siemens Limited, SKF India Limited, Elecon Engineering Company Limited, and Renold Chain India Pvt. Ltd. These companies provide flexible shaft couplings used in mechanical power transmission systems, industrial machinery, and automotive applications. Their focus on precision engineering, product reliability, and customization options has made them key players in the India flexible shaft couplings market.
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 Flexible Shaft Couplings Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Flexible Shaft Couplings Market Revenues & Volume, 2021 & 2031F |
3.3 India Flexible Shaft Couplings Market - Industry Life Cycle |
3.4 India Flexible Shaft Couplings Market - Porter's Five Forces |
3.5 India Flexible Shaft Couplings Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
3.6 India Flexible Shaft Couplings Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Flexible Shaft Couplings Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 India Flexible Shaft Couplings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for automation in various industries, driving the need for flexible shaft couplings. |
4.2.2 Growth in the manufacturing sector in India, leading to higher demand for machinery and equipment that use flexible shaft couplings. |
4.2.3 Technological advancements in flexible shaft coupling materials and designs, improving performance and efficiency. |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing machinery and equipment with flexible shaft couplings. |
4.3.2 Lack of awareness about the benefits of flexible shaft couplings among small and medium enterprises in India. |
4.3.3 Fluctuations in raw material prices affecting the overall cost of flexible shaft couplings. |
5 India Flexible Shaft Couplings Market Trends |
6 India Flexible Shaft Couplings Market, By Types |
6.1 India Flexible Shaft Couplings Market, By End-Use |
6.1.1 Overview and Analysis |
6.1.2 India Flexible Shaft Couplings Market Revenues & Volume, By End-Use, 2021-2031F |
6.1.3 India Flexible Shaft Couplings Market Revenues & Volume, By Power And Energy, 2021-2031F |
6.1.4 India Flexible Shaft Couplings Market Revenues & Volume, By Steel Industry, 2021-2031F |
6.1.5 India Flexible Shaft Couplings Market Revenues & Volume, By Tire Manufacturing, 2021-2031F |
6.1.6 India Flexible Shaft Couplings Market Revenues & Volume, By Aerospace Industry, 2021-2031F |
6.1.7 India Flexible Shaft Couplings Market Revenues & Volume, By Automotive Industry, 2021-2031F |
6.1.8 India Flexible Shaft Couplings Market Revenues & Volume, By Marine Industry, 2021-2031F |
6.1.9 India Flexible Shaft Couplings Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 India Flexible Shaft Couplings Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Flexible Shaft Couplings Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Flexible Shaft Couplings Market Revenues & Volume, By Anti-vibration, 2021-2031F |
6.2.3 India Flexible Shaft Couplings Market Revenues & Volume, By Compensating, 2021-2031F |
6.2.4 India Flexible Shaft Couplings Market Revenues & Volume, By Resolver, 2021-2031F |
6.2.5 India Flexible Shaft Couplings Market Revenues & Volume, By Stepper And Servo Motors, 2021-2031F |
6.2.6 India Flexible Shaft Couplings Market Revenues & Volume, By Fans And Blowers, 2021-2031F |
6.2.7 India Flexible Shaft Couplings Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Flexible Shaft Couplings Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 India Flexible Shaft Couplings Market Revenues & Volume, By Mechanical Element Flexible Shaft Couplings, 2021-2031F |
6.3.3 India Flexible Shaft Couplings Market Revenues & Volume, By Chain Coupling, 2021-2031F |
6.3.4 India Flexible Shaft Couplings Market Revenues & Volume, By Gear Coupling, 2021-2031F |
6.3.5 India Flexible Shaft Couplings Market Revenues & Volume, By Metal Ribbon Coupling, 2021-2031F |
6.3.6 India Flexible Shaft Couplings Market Revenues & Volume, By Flexible Link Coupling, 2021-2031F |
6.3.7 India Flexible Shaft Couplings Market Revenues & Volume, By Others, 2021-2031F |
7 India Flexible Shaft Couplings Market Import-Export Trade Statistics |
7.1 India Flexible Shaft Couplings Market Export to Major Countries |
7.2 India Flexible Shaft Couplings Market Imports from Major Countries |
8 India Flexible Shaft Couplings Market Key Performance Indicators |
8.1 Adoption rate of automation technologies in key industries. |
8.2 Number of new manufacturing plants or expansions in India. |
8.3 Research and development investments in flexible shaft coupling technologies. |
8.4 Customer satisfaction levels with the performance and durability of flexible shaft couplings. |
8.5 Number of partnerships or collaborations for technology transfer or market expansion within the flexible shaft coupling industry. |
9 India Flexible Shaft Couplings Market - Opportunity Assessment |
9.1 India Flexible Shaft Couplings Market Opportunity Assessment, By End-Use, 2021 & 2031F |
9.2 India Flexible Shaft Couplings Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Flexible Shaft Couplings Market Opportunity Assessment, By Type, 2021 & 2031F |
10 India Flexible Shaft Couplings Market - Competitive Landscape |
10.1 India Flexible Shaft Couplings Market Revenue Share, By Companies, 2024 |
10.2 India Flexible Shaft Couplings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |