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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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Northern Hemisphere Heat Drives Demand for Cooling and Sun-Protection Products on Yiwugo

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YIWU, China, July 24, 2026 /PRNewswire/ — Yiwugo.com, the official website of the Yiwu Commodity Market, is the largest commodity wholesale market in the world. The final whistle may have blown on the World Cup, but the intense heat gripping the Northern Hemisphere shows no sign of letting up. Europe has experienced unusually hot weather this year, sparking not only a surge in demand for air conditioners but also a boom in portable handheld fans. Merchants on Yiwugo say that in previous years, European customers would begin placing orders in March or April and take their time completing their annual procurement. This year, however, the purchasing season has stretched well into summer, with a flood of new buyers coming in, most of them looking for small handheld fans. With customers eager to capitalize on the peak summer season, delivery timelines have also become significantly tighter. Whereas orders in previous years could generally be fulfilled within a month, merchants are now frequently being asked to deliver within about a week, leaving manufacturers scrambling to keep pace with demand.

Lingpan Official Flagship Store has specialized in the production and sales of small fans, insulated cups, and related products for 15 years. This summer, demand from European customers for high-speed small fans has risen sharply, accompanied by urgent delivery requirements. Many customers began requesting shipment just one week after placing their orders, hoping the products would arrive in time for the World Cup and the ongoing heatwave across Europe. One long-standing European customer purchased only five models of small fans from Lingpan last year. Anticipating stronger demand ahead of this summer, the customer expanded the order to 10 models. The first shipment sold out soon after arriving at port, prompting several subsequent repeat orders. European buyers have shown particular interest in high-speed cooling fans and placed great requirements on product quality. So far this year, Lingpan’s fan sales have more than doubled compared with the same period last year, with total purchases reaching approximately RMB 1 million.

Beyond Europe, the owner of Lingpan, Ling Pan pointed out that the Indian market has also undergone significant changes over the past two years. Indian customers are showing great interest in panda-shaped fans, drinking cups, and related products. Procurement volumes among many Indian buyers have increased substantially, with average annual purchases now reaching several hundred thousand yuan.

Unlike European countries grappling with sudden heat waves, Asian markets such as Japan and South Korea, where summers are consistently hot and air conditioners and fans are already everyday essentials, have shown much stronger demand for sun-protection products. From April 1, 2026 to date, sales of sun-protection masks on Yiwugo have increased by 31.6% YoY, while sales of sun-protection face shields surged by 72.42% and sun hats rose by 8.1%.

Chen Jia, a Yiwugo merchant, has engaged in the production and sales of sun-protection masks and sun-protection face shields for eight years. Chen operates the Xiao Zhen and Xiao Mian Sun-Protection Products Workshop in District 4 of the Yiwu International Trade Market. In recent years, the company has customized cooling nylon fabrics for customers in Japan and South Korea. Sun-protection masks and sun-protection face shields made from this material not only offer UPF 50+ protection, but also maintain a more structured shape and are less susceptible to snagging or deformation. Their protective performance remains effective after routine washing, and the products can last for more than five years under normal use.

In 2024, a TV shopping operator from South Korea contacted Xiao Zheng and Xiao Mian through Yiwugo and began placing orders after inspecting the products in person. Over the following two years, the company continued to improve the fitness and design of its sun-protection products. It introduced sun-protection face shields with breathable mesh panels and incorporated soft supports around the nose area to prevent the masks from rubbing against lipstick. These product upgrades have steadily driven up customer ratings on the client’s store. Annual procurement, initially valued at around RMB 300,000, has risen year by year, and the company has since developed into a recognized brand in the local market.

Persistent heat across the Northern Hemisphere has been creating new forms of cross-border consumer demand while enabling Yiwugo merchants to keenly capture shifts in overseas markets. From the strong sales of small portable fans in Europe to the rising demand for functional sun-protection products in Japan and South Korea, the diversity of orders reflects both consumers’ need for relief from extreme heat and the ability of Yiwu manufacturers to strengthen their presence in global markets through product innovation and rapid fulfillment. Faced with a rapidly changing international market, many merchants are continuing to refine product designs, upgrade fabric techniques, and enhance supply efficiency. By leveraging Yiwugo to broaden their export channels, they are keeping pace with overseas consumption trends and capitalizing on the expanding market for cooling and sun-protection products, turning the summer heat into new momentum for cross-border trade.

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SOURCE Yiwugo.com

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Snorkel AI Highlights First Wave of Open Benchmarks Grants Projects

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SAN FRANCISCO, July 24, 2026 /PRNewswire/ — Snorkel AI today highlighted the first group of projects supported through Open Benchmarks Grants, a $3 million commitment to support open-source datasets, benchmarks, and evaluation research.

Launched in February 2026, Open Benchmarks Grants has received hundreds of applications from researchers, labs, and engineers working to address a growing challenge: AI systems are advancing faster than the field’s ability to rigorously measure their performance on realistic, consequential work.

“From complex environments and huge autonomy horizons to rich, sophisticated outputs, these projects tackle some of the field’s hardest evaluation challenges,” said Fred Sala, a member of the Open Benchmarks Grants steering committee and assistant professor at the University of Wisconsin–Madison. “I’m excited to see the broader research community use, validate, and build on them.”

Open Benchmarks Grants provides selected teams with funding, expert data development support, research and engineering collaboration, and platform resources. Supported projects include:

Frontier-Bench (formerly Terminal-Bench 3.0), developed with Laude Institute and the Harbor community, is a harder, more domain-diverse successor to Terminal-Bench 2.1 — built in the open, task by task, under continuous adversarial review.Agents’ Last Exam, developed with UC Berkeley RDI and the RDI Foundation, evaluates agents on long-horizon, economically valuable professional workflows. It spans 55 sub-industries and includes more than 1,500 tasks toward a 5,000-task target, sourced and validated by more than 300 industry experts.OSWorld 2.0, developed with XLANG Lab, evaluates computer-use agents on 108 long-horizon workflows across 31 self-hosted web environments and professional desktop applications.Continual Learning Bench, developed with UC Berkeley SkyLab and the University of Wisconsin–Madison, measures whether agents genuinely improve across sequential, stateful tasks.SlopCode Bench, developed with the University of Wisconsin–Madison, measures how code quality degrades as coding agents repeatedly modify and extend their own solutions.Terminal-Bench 2.1, developed with Stanford University, Laude Institute and the Harbor community, evaluates agents on challenging work in terminal environments. The release corrected 28 tasks and introduced continuous validation.

With support from Open Benchmarks Grants, Terminal-Bench Science is also now in development, extending the Terminal-Bench framework to computational research workflows across the life, physical, earth, and mathematical sciences.

Beyond the grants program, Snorkel led the development of Senior SWE-Bench with the research teams at Princeton University and the University of Wisconsin–Madison. The benchmark evaluates coding agents on senior-level engineering work, including implementing features from realistic instructions, investigating bugs that require runtime analysis, and producing code that follows existing codebase conventions.

Open Benchmarks Grants was established with support from Hugging Face, Prime Intellect, Together AI, Factory, Harbor, and PyTorch. Applications remain open and are reviewed on a rolling basis.

Learn more and apply for a grant at benchmarks.snorkel.ai.

About Snorkel AI
Snorkel AI is the frontier AI data lab, helping teams build the data and environments behind high-performing frontier and agentic AI. We combine technology with research-driven AI data development to create datasets, benchmarks, evals, and custom solutions for real-world AI systems. Founded out of the Stanford AI Lab in 2019, Snorkel works with leading AI labs and enterprises to move from better data to better outcomes. 

media@snorkel.ai

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Payzli Vaults to No. 3 on Tampa Bay’s Fast 50, Up From No. 22 in One Year

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Payments technology company, Payzli earns a second consecutive Fast 50 ranking, crediting the climb to accelerating partner and merchant growth on its proprietary technology stack.

TAMPA, Fla., July 24, 2026 /PRNewswire/ — Payzli, the partner-first payments technology company, has been named the No. 3 fastest-growing company in the region on the Tampa Bay Business Journal’s 2026 Fast 50 – a 19-spot climb from its No. 22 debut last year, and the company’s second consecutive year on the list.

The ranking was announced July 23 at the Tampa Bay Business Journal’s Fast 50 event in Tampa, where Co-Founder and Chief Revenue Officer Naim Hamdar accepted the award alongside members of the Payzli team.

Payzli attributed its growth to a compounding effect: a national network of ISOs, agents and ISVs bringing merchants onto a technology platform Payzli built and operated in-house. 

That platform rests on three proprietary pillars:

Payzli Connect: the company’s payment CRM and merchant-and-partner dashboard, giving agents and ISOs daily residuals visibility and giving merchants a single place to run their account.Payzli POS: AI-powered point-of-sale and business software purpose-built for service businesses, including salons, med spas, wellness studios, and independent operators.Payzli Transact: an online payment gateway built on Visa Platform Connect through Payzli’s partnership with Visa Acceptance Solutions.

The Visa Acceptance Solutions partnership is central to how Payzli frames its credibility: rather than assembling a growth story on top of borrowed infrastructure, the company processes on rails backed by one of the most established networks in the industry alongside Fiserv and TSYS – a point that matters to the partners and merchants deciding where to place their volume.

“A second year on this list, and a jump to No. 3, isn’t about one good quarter. It’s about a network deciding to build with us and stay,” said Naim Hamdar, Co-Founder and Chief Revenue Officer of Payzli. “Every rank on this list represents partners we’ve earned and merchants who trust us to run their payments. We built the technology in-house so we could keep the promises the industry usually breaks: nothing hidden, a real person in reach, and daily residual visibility our agents can actually count on. That’s what this ranking measures and it’s why we’re doing it all, for the joy of business.”

“They say nothing in Tampa moves fast except the afternoon thunderstorms, so making the Fast 50 two years running feels pretty good,” said Kapil Pershad, Co-Founder and Chief Technology Officer of Payzli. “In all seriousness, this is a credit to our team and the businesses that trust us to power their growth.”

The Fast 50, produced by the Tampa Bay Business Journal, recognizes the fastest-growing private companies in the Tampa Bay region. Payzli’s return to the list and its move into the top three reflects a merchant-first product suite and a rapidly expanding national partner network across the payments and embedded-finance landscape.

About Payzli

Payzli is an end-to-end payments technology partner that makes accepting payments simpler and affordable for businesses of all sizes and risk levels. Founded in 2020 and headquartered in Tampa, Florida, Payzli brings together in-person processing, an advanced online gateway, AI-powered point of sale, and mobile and contactless payments – backed by its own technology, honest pricing, and dedicated human support. Built partner-first, Payzli equips ISOs, agents, developers, and independent software vendors to grow, with direct integrations to major processing platforms, in-house underwriting, a flexible credit policy, a Visa Acceptance Solutions foundation partnership, and sponsor-bank backing from Esquire Bank, a NASDAQ-listed strategic investor in Payzli. For more information, email partners@payzli.com or visit payzli.com.

Payzli is a registered trademark of United Payment Systems LLC. United Payment Systems LLC is a registered ISO of Esquire Bank (Jericho, NY), Commercial Bank of California (Irvine, CA), and KeyBank, National Association (Cleveland, OH).

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