Global Parallel Groove Elastic Coupling Market Growth 2025-2031

The global Parallel Groove Elastic Coupling market size is predicted to grow from US$ 131 million in 2025 to US$ 160 million in 2031; it is expected to grow at a CAGR of 3.4% from 2025 to 2031.

Elastic coupling is usually made by wire cutting of metal rods. The commonly used materials are aluminium alloy, stainless steel and engineering plastics. Elastic couplings use parallel or spiral grooving systems to accommodate various deviations and accurately transmit torque.

Parallel Groove Elastic Couplings, also known as parallel groove couplings, are essential mechanical transmission components extensively utilized in the industrial sector. They are designed with the aim of enhancing the efficiency and reliability of mechanical systems. Market trends indicate a growing demand for couplings that offer high efficiency, low noise, and ease of maintenance, especially with the advancement of industrial automation and smart manufacturing. Parallel Groove Elastic Couplings are emerging as a favorable choice in meeting these evolving requirements.

LP Information, Inc. (LPI) ' newest research report, the “Parallel Groove Elastic Coupling Industry Forecast” looks at past sales and reviews total world Parallel Groove Elastic Coupling sales in 2024, providing a comprehensive analysis by region and market sector of projected Parallel Groove Elastic Coupling sales for 2025 through 2031. With Parallel Groove Elastic Coupling sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Parallel Groove Elastic Coupling industry.

This Insight Report provides a comprehensive analysis of the global Parallel Groove Elastic Coupling landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Parallel Groove Elastic Coupling portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Parallel Groove Elastic Coupling market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Parallel Groove Elastic Coupling and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Parallel Groove Elastic Coupling.

This report presents a comprehensive overview, market shares, and growth opportunities of Parallel Groove Elastic Coupling market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Gear Type
Jaw Type
Pin Type
Other

Segmentation by Application:
Construction Machinery
Agricultural Vehicle
Industrial Equipment
Ship
Mining Equipment

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Siemens
Regal Rexnord
Dodge
Altra Industrial Motion
KTR
SKF
VULKAN
Voith
LORD
REICH
KWD
TIMKEN

Key Questions Addressed in this Report

What is the 10-year outlook for the global Parallel Groove Elastic Coupling market?

What factors are driving Parallel Groove Elastic Coupling market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Parallel Groove Elastic Coupling market opportunities vary by end market size?

How does Parallel Groove Elastic Coupling break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.