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Couplings Market to Expand by USD 205.7 Million (2024-2028) with Emission Regulations Driving Growth, AI Powered Insights- Technavio

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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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HelloNation Examines Medicare Advantage & Medigap Coverage Differences, Featuring Financial Advisor Ash Toumayants

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The article reviews provider access, prescription coverage, and out-of-pocket expenses when comparing Medicare Advantage and Medigap plans.

STATE COLLEGE, Pa., July 24, 2026 /PRNewswire/ — How should residents evaluate whether Medicare Advantage or Medigap coverage better fits their healthcare and financial needs? HelloNation answers this question in an article that explains the key considerations involved in choosing between Medicare Advantage and Medigap plans.

The HelloNation article features insights from Financial Advisor Ash Toumayants of Strong Tower Associates. The article explains that both Medicare Advantage and Medigap supplement Original Medicare but differ significantly in how they handle healthcare providers, prescription coverage, and overall out-of-pocket expenses.

Medicare Advantage plans are typically offered through private insurers and bundles Medicare Part A, Part B, and possibly prescription coverage into a single policy. However, Medicare Advantage plans generally operate with provider networks, meaning healthcare providers must often be selected from within the plan’s approved list.

For residents across Pennsylvania, provider access can play an important role in selecting the right plan. The article explains that individuals should review which healthcare providers are included in a Medicare Advantage network before enrolling. Plan networks may vary by county in Pennsylvania, so residents should confirm that their preferred doctors and specialists are covered.

Medigap plans, also known as Medicare Supplement Insurance, operate differently from Medicare Advantage. The article explains that Medigap works alongside Original Medicare and helps cover certain out-of-pocket expenses such as copays, coinsurance, and deductibles. Although Medigap policies generally involve higher monthly premiums, they can offer greater predictability in medical expenses.

One advantage of Medigap is flexibility in choosing healthcare providers. The article explains that individuals with Medigap coverage can typically visit any doctor or specialist who accepts Medicare nationwide. This broader provider access can be beneficial for retirees who want more freedom in choosing healthcare providers across Pennsylvania or while traveling.

Prescription coverage is another important factor in the decision process. Many Medicare Advantage plans include prescription coverage as part of their bundled benefits. In contrast, Medigap plans do not include prescription coverage, which means individuals who choose Medigap often purchase a separate Medicare Part D plan to manage medication costs.

Budget considerations also influence the decision between Medicare Advantage and Medigap. The article explains that while Medicare Advantage plans may have lower premiums, they often include copays and service limits that affect annual out-of-pocket expenses. Medigap plans generally involve higher premiums but may reduce unexpected out-of-pocket expenses throughout the year.

Travel and lifestyle habits can also affect which plan is more suitable. The article explains that Medicare Advantage plans may have limitations on out-of-network care outside their coverage area. For residents in Pennsylvania who travel frequently or spend time in multiple locations, Medigap coverage may offer greater flexibility when accessing healthcare providers.

Enrollment timing is another important consideration discussed in the article. Medicare Advantage and Medigap plans have different enrollment rules and deadlines tied to the Initial Enrollment Period or the annual Medicare Open Enrollment period. Missing these enrollment opportunities can limit plan choices or result in additional underwriting requirements.

The article concludes that choosing between Medicare Advantage and Medigap in Pennsylvania requires careful evaluation of healthcare providers, prescription coverage, travel habits, budget considerations, and potential out-of-pocket expenses. Comparing plan structures and reviewing coverage details helps individuals make informed decisions that align with their healthcare and financial priorities.

How to Decide Between Medicare Advantage & Medigap features insights from Ash Toumayants, Financial Advisor of State College, PA, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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In HelloNation, Pool & Landscaping Expert Tina Possehn Wolbers Discusses What Pool Opening & Closing Services Include

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The article highlights how seasonal pool service simplifies pool maintenance and protects backyard pools year-round.

LANSING, Mich., July 24, 2026 /PRNewswire/ — What is included with pool opening and closing services, and how do they support pool ownership? The answer is explored in a HelloNation article, which features insights from Tina Possehn Wolbers of Wolbers-Possehn Pools, Ponds and Landscapes.

The HelloNation article explains that seasonal pool service plays a key role in maintaining a backyard pool throughout the year. By handling the transition between seasons, pool opening service and pool closing service make pool maintenance more manageable and allow homeowners to focus on enjoying their space.

Pool opening service marks the beginning of the swimming season. One of the first steps is removing the pool cover, which has protected the pool during colder months. The pool cover is carefully cleaned and stored, helping extend its lifespan and prepare it for future use. Once removed, the backyard pool begins to take shape as a clean and inviting environment.

Another important part of pool opening service is reconnecting and inspecting pool equipment. Pumps, filters, and circulation systems are checked to ensure they are functioning properly. This step helps restore water flow and sets the foundation for effective pool maintenance throughout the season.

Water level adjustments and water balancing are also essential components of pool opening service. Ensuring proper water levels allows systems to run efficiently, while water balancing helps create a safe and comfortable swimming environment. These steps help homeowners enjoy their backyard pool without unnecessary complications.

The article emphasizes that pool opening service and pool closing service are key components of seasonal pool service, helping simplify pool maintenance and reduce the stress of managing a pool. With a structured approach, homeowners can rely on consistent care that keeps their pool in good condition.

Pool closing service prepares the pool for colder months when it is not in use. This process includes lowering the water level to help prevent potential damage. Proper water management during pool closing service helps protect the structure and equipment over time.

Protecting plumbing lines is another critical part of pool closing service. Water is removed from pipes to prevent freezing and expansion, which could lead to damage. Taking these steps ensures that the system remains intact and ready for the next pool opening service.

Securing the pool cover completes the process. A properly fitted pool cover keeps debris out and helps maintain water quality during the off-season. It also makes the next pool opening service easier by reducing the amount of cleaning required.

Seasonal pool service provides a more predictable and low-stress experience for homeowners. Instead of handling every detail themselves, pool owners can rely on professional processes that keep their backyard pool functioning properly year after year.

Beyond maintenance, a well-cared-for backyard pool becomes a space for relaxation and connection. Whether hosting gatherings or enjoying quiet time, the pool adds value to everyday life. Pool opening service and pool closing service support that experience by keeping the pool ready when it matters most.

The HelloNation article concludes that understanding what is included in seasonal pool service helps homeowners set clear expectations and maintain their pool with confidence. With proper pool maintenance, water balancing, and use of a secure pool cover, owning a backyard pool in Lansing becomes both simple and enjoyable.

What Is Included With Pool Opening & Closing Services in Lansing? features insights from Tina Possehn Wolbers, Pool & Landscaping Expert of Lansing, MI, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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Verra Mobility Schedules Second Quarter 2026 Earnings Call

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MESA, Ariz., July 24, 2026 /PRNewswire/ — Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results for the second quarter ended June 30, 2026, after market close on August 5, 2026.

Verra Mobility’s Interim Chief Executive Officer, Jon Keyser, and Chief Financial Officer, Craig Conti, will host a conference call and live webcast to discuss financial results for investors and analysts at 5:00 p.m. ET on August 5, 2026.

A live webcast will be available on the Company’s Investor Relations website at ir.verramobility.com. To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call. A replay of the call will also be made available on the Investor Relations website.

In addition, an archived webcast will be available in the “News & Events” section of Verra Mobility’s Investor Relations website at ir.verramobility.com.

About Verra Mobility

Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility’s transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility principally operates in North America, Europe and Australia. For more information, please visit www.verramobility.com.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about Verra Mobility’s plans, objectives, expectations, beliefs and intentions and other statements including words such as “hope,” “anticipate,” “may,” “believe,” “expect,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology. The forward-looking statements herein represent the judgment of Verra Mobility, as of the date of this release, and Verra Mobility disclaims any intent or obligation to update forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those currently anticipated. This press release should be read in conjunction with the information included in Verra Mobility’s other press releases, reports and other filings with the SEC and on the SEC website, www.sec.gov. Understanding the information contained in these filings is important in order to fully understand Verra Mobility’s reported financial results and our business outlook for future periods. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements.

Additional Information

We periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com. We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company’s press releases, SEC filings and public conference calls and webcasts.

Media Relations:

Investor Relations:

Valerie Schneider

Mark Zindler

valerie.schneider@verramobility.com

mark.zindler@verramobility.com 

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