Albany, NY -- (SBWIRE) -- 03/10/2016 -- The development of the global couplings market is the subject of a new report by Transparency Market Research. The title to this report is "Couplings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020."

As per the report, primarily, it is technological innovations in couplings that have resulted in their burgeoning demand over predecessor components for assistance in various types of mechanical functions. Couplings find extensive application in industries such as natural gas production, chemicals, oil, and water treatment plants. Other than this, couplings have witnessed demand in gas pipe construction undertakings. This is because the structural and functional characteristics of couplings are suitable for power transmission needs in these application areas.

Structurally, couplings are machine components that attach two mechanical shafts at their ends for power transmission. Primarily, these components are used for assisting the rotation of machine components for industrial processes, transportation means, etc. Couplings are also used for attaching and detaching various fluid systems related to oil, air, gas, chemicals, and powder systems.

The report points out the distinguishing attributes of couplings resulting in the development of the couplings industry. Couplings are mainly used for preventing shafts from detaching, due to the torque they can withstand. However, some select types of couplings have limited torque capacity. Thus, careful selection of couplings and their error-free installation is important to reduce downtime and for cost advantages.

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For the connecting shafts, couplings also allow end movement, misalignment, or both to some extent. Unlike traditional nut and bolt joints, couplings offer structural and mechanical advantages. Some of these are the higher torque offered by couplings, light weight, easy installation and uninstallation, high misalignment range, and high resistance to ambient conditions.

However, the growth of the couplings market is subject to overcoming impediments as well. Increasing labor costs and plummeting exports are resulting in lower revenues in the global couplings market. Customers are now seeking value additions as the purchase criterion for couplings. Industrial couplings also can't be utilized for new applications, resulting in slow growth of the market.

Nevertheless, with energy efficiency being the operational mantra of all industries worldwide, the demand for couplings will gain traction in the coming years. Moreover, in MINT (Mexico, Indonesia, Nigeria, and Turkey) nations, strategic expansions in the couplings market will be favorable for the overall couplings industry.

In this report, a snapshot of the top players involved in the business of couplings is provided with a detailed competitive profile on each of them. These are Altra Industrial Motion Corp., Dandong Colossus Group Co. Ltd., Emerson Electric Co., John Crane Ltd., Chr. Mayr GmbH & Co. KG, Unique Transmission Private Limited, Colossus, Daido Precision Industries Ltd., Industrial Clutch Parts Ltd., and Siemens AG, among others.

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