Technology
Couplings Market to Expand by USD 205.7 Million (2024-2028) with Emission Regulations Driving Growth, AI Powered Insights- Technavio
Published
2 years agoon
By
NEW YORK, Sept. 18, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global couplings market size is estimated to grow by USD 205.7 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 1.73% during the forecast period. Stringent emission regulations is driving market growth, with a trend towards advances in coupling technology. However, competitive pricing strategy adopted by low-cost asian manufacturers poses a challenge. Key market players include AB SKF, Chr. Mayr GmbH Co. KG, Daido Steel Co. Ltd., DieQua Corp., KTR Systems GmbH, Genuine Parts Co., Haudenschild Holding AG, Industrial Clutch Parts Ltd., KBK Antriebstechnik GmbH, MECVEL Srl, Michelin Group, R W Antriebselemente GmbH, Ramsey Products Corp., Regal Rexnord Corp., RINGSPANN GmbH, SCHMIDT-KUPPLUNG GmbH, SHV Holdings N.V., The Timken Co., Tsubakimoto Chain Co., and Voith GmbH and Co. KGaA.
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report
Couplings Market Scope
Report Coverage
Details
Base year
2023
Historic period
2018 – 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 1.73%
Market growth 2024-2028
USD 205.7 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
1.69
Regional analysis
APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution
APAC at 58%
Key countries
China, US, Japan, Germany, and India
Key companies profiled
AB SKF, Chr. Mayr GmbH Co. KG, Daido Steel Co. Ltd., DieQua Corp., KTR Systems GmbH, Genuine Parts Co., Haudenschild Holding AG, Industrial Clutch Parts Ltd., KBK Antriebstechnik GmbH, MECVEL Srl, Michelin Group, R W Antriebselemente GmbH, Ramsey Products Corp., Regal Rexnord Corp., RINGSPANN GmbH, SCHMIDT-KUPPLUNG GmbH, SHV Holdings N.V., The Timken Co., Tsubakimoto Chain Co., and Voith GmbH and Co. KGaA
Market Driver
With the emergence of 3D printing technology, there’s a growing trend in manufacturing couplings using this innovative method. This approach offers cost savings, shorter lead times, and the ability to easily customize end-products. The manufacturing process involves selectively depositing material with precise computer control. Plastics are commonly used for low torque power transmission applications, while metals like stainless steel and titanium are utilized for industrial-grade couplings. Some industries, such as aerospace and automotive, have already adopted this technology to produce high-value components. Couplings with embedded sensors, transmitting data online, have been developed for large-sized applications in industries like oil extraction and fracking. However, advancements in sensor technology are required to miniaturize these sensors for smaller couplings. Connected couplings that detect abnormalities and activate safety measures are of great interest to manufacturers. However, there are concerns about adding additional functions to couplings, as it may decrease equipment quality, lifespan, and increase maintenance costs and downtime.
The Industrial Couplings Industry is experiencing significant growth, particularly in sectors like Automotive, where shaft power and rotation mechanism are crucial. Vendors supplying couplings to this sector focus on productivity and part quality. In the post-pandemic world, automation adoption, social distancing, and contactless operation are essential. The International Energy Agency highlights initiatives by governments, such as the Ontario Government, to boost industrial growth. Companies like Gilat Satellite Networks and Renault are investing in 5G infrastructure and smart manufacturing practices. KTR Systems, a leading coupling manufacturer, is expanding its product line with the Rotex family of aluminum couplings, offering longer shaft distances and higher torques. Essential workers in food production facilities implement safety processes and shutdowns to ensure workforce health. The Industrial Couplings Industry’s lifespan and usage in driving engines, motors, pumps, and shafts continue to increase, contributing to global Gross Domestic Product. Geely Holding Group and other key players also focus on expanding their offerings to meet diverse industry needs.
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Market Challenges
In Asian countries, the lower cost of land, labor, and raw materials is driving substantial investments in the manufacturing sector, including industrial machinery components. The cost of couplings represents a small portion of end-users’ overall purchasing expenses. However, the availability of affordable couplings from Asian manufacturers is putting pressure on vendors offering higher-priced products. European and North American companies face challenges in the Asian market due to competitive pricing, leading to increased competition among Asian players. This trend is negatively impacting the global couplings market’s revenue growth during the forecast period.In the power transmission industry, various types of couplings are used to connect interconnected components in production equipment such as gearboxes, compressors, pumps, blowers, mixers, and conveyor units. Challenges in using couplings include end motion, misalignment, and separation of shafts. Torque-limiting couplings help prevent damage from excessive torque, but selecting and installing the right type, whether elastomeric or metallic, mechanical flexing, safety, flexible, or rigid, can be complex. Maintenance time and expenses are crucial factors, with elastic material wear and metal parts requiring regular attention. Vibration attenuation is essential to prevent high-frequency noise and user demand for reliable production equipment continues to drive rapid development in the industrial sectors, including automotive production and low-income countries. Torsional stiffness is a key consideration for motor and hydraulic couplings, with jaw-type couplings offering a solution for power transmission applications.
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Segment Overview
This couplings market report extensively covers market segmentation by
Product 1.1 Elastomeric couplings1.2 Metallic couplings1.3 Mechanical couplings1.4 OthersApplication 2.1 Power generation2.2 Metal and mining2.3 Papermaking2.4 Automotive2.5 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa
1.1 Elastomeric couplings- The couplings market encompasses the production and sale of components that connect two mechanical parts. These components ensure a secure and efficient transfer of power and motion. Couplings come in various types, including flexible, rigid, and elastomeric, catering to diverse industry applications. Key players in this market focus on innovation, quality, and customer satisfaction to maintain a competitive edge. Market growth is driven by factors such as increasing industrial automation and the need for reliable and efficient power transmission solutions.
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Research Analysis
Couplings are essential components in power transmission systems, particularly in the automotive sector, where they connect rotating shafts and facilitate the transfer of torque and rotation mechanism between interconnected components. Industrial couplings are used extensively in various applications, including driving engines, motors, pumps, and other rotating machinery. The lifespan and productivity of these systems depend significantly on the quality of the couplings used. Couplings come in various types, including rigid, flexible, and torque-limiting, each designed to address specific usage requirements. Misalignment, relative axial motion, and separation of shafts are common challenges in power transmission systems that couplings help mitigate. Torque-limiting couplings, for instance, prevent damage to the connected components by limiting the torque that can be transmitted. When selecting coupling devices, it is essential to consider factors such as torques, end motion, and the mechanical mechanism of the system. Properly chosen couplings can enhance productivity, improve part quality, and reduce maintenance costs. In summary, couplings play a crucial role in ensuring the efficient and reliable operation of rotating machinery in various industries, including automotive.
Market Research Overview
The Couplings Market in the automotive sector is witnessing significant growth due to the increasing demand for power transmission and rotation mechanism in various applications. Industrial couplings are essential components in automotive manufacturing, power generation, and other industries, enabling productivity and part quality. Coupling vendors focus on efficiency and automation adoption to meet the demands of sectors such as food production, cement business, mining, renewable energy, and vehicle sector. Standard operating procedures, social distancing, and contactless operation are becoming crucial in the post-pandemic world. The International Energy Agency and various initiatives by governments, such as the Ontario Government, are promoting the expansion of industries like 5G infrastructure and renewable energy. Couplings are used in various sectors, including automotive, where they connect shafts in engines, motors, pumps, and other machinery. The lifespan and usage of industrial couplings depend on factors such as shaft distances, torques, and the type of coupling used, including elastomeric, metallic, mechanical flexing, safety, flexible, rigid, motor, and hydraulic couplings. In industries like cement, expansions and infrastructural expansion lead to an increase in cement output, requiring the use of various types of couplings for mixing, filtering lime, and fluid transfer. In the food and beverage industry, couplings play a crucial role in maintaining the production process, ensuring the safety of essential workers, and adhering to health measures during shutdowns. In the vehicle sector, couplings are used in the drivetrain, connecting the engine to the transmission and wheels, ensuring smooth operation and reducing vibration transfer. In the renewable energy sector, couplings are used in wind turbines and solar panels to transmit power efficiently. Coupling devices, such as torque-limiting couplings, help prevent damage to interconnected components by limiting the relative axial motion and misalignment. Selecting, installing, and maintaining couplings require careful consideration of factors such as torque limit, maintenance time, and expenses. Renault and Geely Holding Group are among the companies investing in smart manufacturing practices to improve the efficiency and productivity of their operations. The use of advanced materials like aluminum in the manufacturing of couplings also contributes to the overall performance and cost-effectiveness of industrial applications. In conclusion, the couplings market is a vital component of various industries, enabling power transmission, rotation mechanism, and productivity. The focus on efficiency, automation, and safety in the post-pandemic world is driving the demand for advanced coupling technologies and solutions.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
ProductElastomeric CouplingsMetallic CouplingsMechanical CouplingsOthersApplicationPower GenerationMetal And MiningPapermakingAutomotiveOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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Give an Hour Releases New Veteran MILE Case Study Showing Early Impact of Mental Health Training in a Veteran-Serving Organization
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In collaboration with University of Phoenix, new findings from Adaptive Performance Center demonstrate how practical skills can move from individual learning toward broader organizational capacity
PHOENIX and CLARKSBURG, Md., Nov. 6, 2026 /PRNewswire/ — Give an Hour today announced the release of a new case study examining the implementation of Veteran MILE, an evidence-informed upstream initiative, deemed scientifically sound and aligned with best practices by the CDC Foundation, designed to strengthen mental health literacy, reciprocal peer support and organizational capacity within organizations serving and employing veterans.
Developed in collaboration with University of Phoenix, the case study follows Veteran MILE implementation at Adaptive Performance Center (APC), a Montana-based nonprofit serving veterans through adaptive fitness, wellness programming and community connection.
The findings provide an early look at what can happen when mental health training moves beyond awareness and into everyday practice.
Among nine APC staff members interviewed following Veteran MILE, 89% reported feeling more equipped to recognize early signs of distress, 78% reported greater comfort engaging in mental health conversations, and 67% reported greater awareness of referral pathways and resources.
At a three-month follow-up, 82% of 17 respondents reported using the benefits of reciprocal peer support in everyday life and 94% reported feeling comfortable having an open and vulnerable conversation about mental health with peers. Among 13 participants who had established a post-training goal, 12 (92%) reported following through on it.
“This work asks a question that is bigger than whether someone completed a mental health training,” said Dr. Trina Clayeux, CEO of Give an Hour. “Are people more prepared to notice when someone may be struggling? Will they start the conversation? Can they listen without feeling responsible for fixing everything? And can we build that capacity into the organizations and communities veterans already trust? APC is giving us an important early look at what that can mean in practice.”
A Partnership Built Around Veteran Success
The Veteran MILE story did not begin with a single training or organization.
Give an Hour and University of Phoenix began partnering in support of veterans in 2017. In 2022, following findings from the University of Phoenix Career Optimism Index® study, Give an Hour was engaged as a subject-matter expert to develop resources supporting veteran success in the workplace.
Give an Hour subsequently convened an industry advisory group that included organizations such as Amazon, CVS, Booz Allen Hamilton and Magellan Health. Over more than a year, perspectives from that group helped shape the framework that would ultimately become Veteran MILE.
That work was complemented by University of Phoenix’s 2023 Military Transition Survey, conducted by The Harris Poll, and the development of an employer resource introduced in 2024 to help organizations understand veteran workforce needs and support workplace wellness.
The evolution of this work reflects a shared interest between Give an Hour and University of Phoenix in moving from identifying challenges facing veterans to developing practical approaches that can be implemented in the environments where veterans work, connect and build community.
“Our work with Give an Hour has shown that supporting veterans in the workplace means paying attention to well-being as well as skills and opportunity they bring forward into the workforce,” said Christina Neider, EdD, Vice Provost of Colleges at University of Phoenix, who served more than 11 years in the U.S. Air Force. “Earlier research helped us identify challenges veterans face, while this case study offers an encouraging early look at how organizations can equip more people to recognize distress, listen and connect peers with appropriate support.”
From Training to Practice
APC participated in three linked Veteran MILE sessions from January through March 2026, with 37 attendees across the series.
Training and engagement focused on recognizing early signs of distress, active listening, reciprocal peer support, healthy boundaries and “supporting without shouldering,” referral pathways, leadership modeling and creating environments where mental health conversations can occur safely.
But the case study was designed to look beyond whether participants simply valued the training.
Staff and leadership interviews captured examples of the learning being applied in everyday situations. One employee noticed that a veteran seemed different, approached him and created space for him to talk. The employee specifically noted that before the training, they likely would not have initiated the conversation.
Others described listening before trying to solve a problem, becoming more comfortable sitting with another person’s experience, recognizing behavioral changes and independently navigating supportive conversations that previously may have been escalated immediately to leadership.
From Individual Skills to Organizational Capacity
One of the most significant emerging findings may be less about any single skill and more about where responsibility for support sits within an organization.
APC entered Veteran MILE with an existing culture centered on veteran well-being, connection and community. The case study therefore does not conclude that Veteran MILE created a new culture at APC.
Instead, the emerging evidence suggests Veteran MILE helped strengthen and distribute the capacity to put that culture into practice across more people. APC leadership described staff showing greater independence in recognizing concerns, initiating supportive conversations and responding appropriately rather than automatically escalating every situation to a small group of leaders.
The emerging progression documented through the case study is:
Training → Capability → Application → Organizational Capacity → Emerging System
For Give an Hour, that progression represents an important distinction between delivering mental health education and beginning to build sustainable capacity within the organizations and communities surrounding veterans.
Why Upstream Capacity Matters
Veteran mental health and suicide remain urgent national challenges. The case study recognizes that suicide prevention cannot rely on clinical intervention alone and highlights the importance of hope, purpose, community, connection and comprehensive systems of support.
Veteran-serving and veteran-employing organizations can occupy an important upstream position: creating environments where people notice changes, build trust, initiate conversations earlier and connect veterans to additional support when needed.
Veteran MILE is designed to help strengthen that capacity without asking participants to become clinicians.
Instead, the model focuses on practical capabilities: recognizing, listening, connecting, maintaining appropriate boundaries and understanding when additional support is needed.
What Comes Next
The findings from APC remain early.
The current case study does not establish long-term sustainability, reduced burnout, staff-retention effects, veteran-level mental health outcomes or replication across locations. Those questions represent important opportunities for continued evaluation.
At APC, the work is already moving into its next phase. Give an Hour and APC are moving forward with peer support groups designed to reinforce skills, deepen ongoing support and begin building a broader peer-support ecosystem. Future measurement will examine continued application, staff wellness, referral behavior, integration into organizational processes, veteran experiences and the potential for replication.
For Give an Hour, the larger opportunity is to continue learning from APC while exploring how Veteran MILE can strengthen other organizations and communities serving and employing veterans.
“Awareness matters, but awareness cannot be the endpoint,” said Clayeux. “The opportunity is to equip more people to turn awareness into action; to notice, listen, connect and know when someone may need additional support. That’s how we begin moving from individual skills toward shared capacity.”
Explore the Veteran MILE Case Study
Read the complete Adaptive Performance Center + Veteran MILE Case Study, explore key findings and learn more about Veteran MILE at giveanhour.org/veteran-mile/.
About Give an Hour
Give an Hour® is a social impact organization dedicated to transforming mental health care through innovation, collaboration, and community-centered approaches. We develop accessible, barrier-free programs that empower individuals to take charge of their emotional well-being while supporting those who serve them, including mental health professionals, peer supporters, and community partners.
Our mission is to connect people to peers, clinical care, and education that honors their agency, humanity, and capacity to heal, ensuring that mental health support is found in community, not just systems.
About University of Phoenix
University of Phoenix is Built for Real Life. 50 Years Strong. The University innovates to help working adults enhance their careers and develop skills in a rapidly changing world through flexible online learning, relevant courses, academic AI pillars, and skills-mapped curriculum for associate, bachelor’s and master’s degree programs. Active students and alumni have access to Career Services for Life® resources including career guidance and tools. For more information, visit phoenix.edu.
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SAN FRANCISCO, Nov. 6, 2026 /PRNewswire/ — InsurGrid, the policy data collection and AI workflow platform for property and casualty insurance agencies, today launched Policy Change Monitoring. The release automatically refreshes declaration pages and policy data for connected clients every 15 days, uses AI-powered extraction to turn the updated documents into structured policy data, and alerts agencies when a policy is cancelled, reinstated, renewed, not renewed, or materially changed.
Until now, the policy data an agency collected at intake started going stale as soon as it was saved. Carriers change premiums, adjust limits and deductibles, add or drop vehicles and drivers, and issue non-renewals, and agents usually find out when the client calls or the renewal arrives. Policy Change Monitoring keeps that data current and shows agents what changed, so producers can reach clients while there is still time to remarket.
The timing reflects a more volatile market. J.D. Power’s 2025 U.S. Insurance Shopping Study found that 57% of auto insurance customers shopped for a new policy in the past year, up from 49% and the highest rate in the study’s 19-year history. In homeowners insurance, a Senate Budget Committee review of non-renewal data from 23 insurers, representing about two-thirds of the U.S. homeowners market, found non-renewals rising from 2018 through 2023, with the highest rates concentrated in flood- and wildfire-exposed counties.
InsurGrid serves more than 2,500 agents, has collected more than 100,000 declaration pages, has processed more than 500,000 declaration pages through AI extraction, and has supported more than $250 million in closed premium. The platform connects to more than 450 carriers.
CEO Rohit Mittal explained the thinking behind the release: “An agency’s policy data is only useful if it’s current. Agents shouldn’t learn about a non-renewal or a premium jump from an upset client. Policy Change Monitoring keeps checking connected policies in the background and tells the right person what changed, field by field, so they can call the client first and decide what to do next.”
Key Features
Automatic 15-Day Refresh — Connected client policies are re-checked every 15 days. Updated declaration pages and the full policy record, including coverages, discounts, drivers, vehicles, dwellings and claims, are refreshed in place, without creating duplicate clients or policies.AI-Powered Extraction on Every Refresh — InsurGrid’s extraction engine re-reads each updated declaration page and converts it into structured, review-ready policy data, the same data that feeds policy comparison, proposals, ACORD forms and rating integrations.Cancellation and Non-Renewal Alerts — When a refresh finds a cancelled or non-renewed policy, the agency gets an email right away, so producers can step in before the client is left without coverage.Change Detection and Field-Level History — Each refresh is classified into named events (Cancelled, Reinstated, Renewed, Not Renewed, or Changed) with a field-by-field view of old and new values for premium, limits, deductibles, coverages, vehicles, drivers and dwellings.Agency Notification Controls — Agency admins choose which events trigger email alerts and who receives them: the client’s assigned agent, all admins, or selected team members.Safe, Complete Updates — A refresh is applied only when the full update succeeds. If a carrier login changes or a refresh fails, the existing policy data stays as it was, the policy card shows a “Sync paused — action needed” status with the reason, and the agency is notified so the client can reconnect.
How Agencies Use It
Policy Change Monitoring supports the renewal and retention work agencies already do. A non-renewal alert gives a producer time to remarket before the term ends. A material change, such as a premium increase, a lowered limit or a removed driver, gives the producer a reason to review coverage with the client. A cancellation alert lets a CSR follow up before a coverage gap develops. Each alert is also a revenue opportunity: a reason to re-quote, add coverage or round out an account. Agencies can also keep watching connected policies for clients who left in the past year, so a premium jump or non-renewal on their current policy becomes a timely reason to win them back. A licensed producer reviews every alert and decides what to do with it.
Also New from InsurGrid
Commercial Comparison Exports — Commercial policy comparisons can now be downloaded as PDF or Word documents for general liability, BOP, workers’ compensation, commercial auto, commercial property, cyber, inland marine and commercial umbrella.Policy Extraction API — Agencies and technology partners can now call InsurGrid’s policy extraction engine through an API-key authenticated public API.Agency Management System Export — Agents can export client documents and policy data to their agency management system and track push status from the InsurGrid dashboard.
Availability
Policy Change Monitoring is rolling out to InsurGrid customers on the $99-per-month plan. Automatic refresh applies to supported carrier connections that do not require multi-factor authentication at each login. Policies collected by manual upload are not refreshed automatically.
For more information or to book a demo, visit https://insurgrid.com.
About InsurGrid
InsurGrid is a policy data collection and AI workflow platform for property and casualty insurance agencies. Founded in 2019 and headquartered in San Francisco, InsurGrid turns declaration pages and carrier documents into structured, quote-ready policy data for intake, policy comparison, renewal, ACORD and COI, proposal and rating workflows, with a licensed producer reviewing every output. A Helium Ventures company, InsurGrid serves more than 2,500 agents, connects to more than 450 carriers, and has supported more than $250 million in closed premium.
Media Contact
InsurGrid: media@insurgrid.com | (628) 246-0040
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