
Global Grooved Couplings Market – Industry Trends and Forecast to 2030
Report ID: MS-2162 | Machinery and Equipment | Last updated: Dec, 2024 | Formats*:

Grooved Couplings Report Highlights
Report Metrics | Details |
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Forecast period | 2019-2030 |
Base Year Of Estimation | 2023 |
Growth Rate | CAGR of 6.5% |
Forecast Value (2030) | USD 3.2 billion |
By Product Type | Flexible Grooved Couplings, Rigid Grooved Couplings |
Key Market Players |
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By Region |
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Grooved Couplings Market Trends
Favourable growth conditions are observed in the industry of grooved couplings due to the increased need for simple and convenient, maintenance-free, and most preferably leakage-free couplings in the industries such as building, piping, and other regions, including industrial applications. Indeed, such couplings are appreciated for the straightforward and easy bail of pipes and other apparatus without welding and threading, which makes them a preferred choice in any given project where time and budget considerations are key. The increasing prevalence of modular and prefabricated systems in construction is thus increasing the need for grooved couplings since they allow for quicker installations and decrease labour costs. Another important development in the grooved couplings market is the attention directed towards the use of long-lasting materials such as stainless steel and ductile iron that enhance the long service of the couplings even in extreme conditions. The growing necessity of safety and adherence to very high industrial standards are also positively affecting the application of such couplings in fire protection, oil and gas, as well as HVAC systems.Grooved Couplings Market Leading Players
The key players profiled in the report are CPS Products, Croker, Dixon, Everfilt, GroovJoint, Jianzhi, Johnson Controls,, Kuriyama, Morrill Industries, NCI Canada Inc., PUHUI JIDIANSHEBEI, Rapidrop, Reliable, Victaulic CompanyGrowth Accelerators
The factors propelling the grooved couplings market include rapid urbanization and industrialization, which are resulting in the need for convenient, reliable, and efficient piping solutions in the construction, oil and gas, water treatment, and HVAC sectors. Grooved couplings have a few advantages, such as fast installation, easy handling, and operational solutions in high-pressure systems. The infrastructure development, especially in the BRICS countries, is also contributing to the observed increasing incorporation of grooved couplings in the piping systems for residential and commercial sectors. Another contributing factor is the industrial trend of using stronger and more corrosion-resistant materials. For example, grooved couplings are usually made of stainless steel or other hard materials, which enable their utilization in places like chemical processing, mining, and even offshore.Grooved Couplings Market Segmentation analysis
The Global Grooved Couplings is segmented by Type, Application, and Region. By Type, the market is divided into Distributed Flexible Grooved Couplings, Rigid Grooved Couplings . The Application segment categorizes the market based on its usage such as Fire Protection System, Construction Industry, Industry. Geographically, the market is assessed across key Regions like North America(United States, Canada, Mexico), South America(Brazil, Argentina, Chile, Rest of South America), Europe(Germany, France, Italy, United Kingdom, Benelux, Nordics, Rest of Europe), Asia Pacific(China, Japan, India, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific), MEA(Middle East, Africa) and others, each presenting distinct growth opportunities and challenges influenced by the regions.Competitive Landscape
The grooved couplings industry’s competitive environment comprises a number of strong global players and local suppliers spanning a considerable product portfolio. Some of the top market participants include manufacturers of industrial pipe systems, namely Victaulic, SKF, and Mueller Industries, which manufacture high-quality grooved couplings that are easy to fix, long-lasting, and leak-proof. Such companies, however, compete mainly based on technology and often include innovative features, for example, materials that are resistant to corrosion and the ability to provide couplings for various uses, including HVAC, plumbing, fire protection, as well as oil and gas sectors.Challenges In Grooved Couplings Market
There are market challenges present in the grooved couplings industry, especially with respect to competition and pressure on costs. As the consumption of grooved couplings continues to rise, producers are forced to deal with the entry of cheap knockdowns to the market, especially from cheap labour markets. These cheaper versions are of lower quality and can stifle the demand for more expensive and high-quality durable solutions. Price elasticity makes it difficult for a manufacturer to ensure both quality and innovation of the products while maintaining the given margins. Apart from that, there are stricter regulations and safety standards that are applicable in a number of industries, including oil and gas, construction, and water treatment. Furthermore, grooved couplings are subjected to certain limitations with regard to pressure, type of materials used, and longevity. Compliance with such standards, considering that they are not static but dynamic, goes with a cost, especially in terms of research, development, and certification—something that may be difficult for most small entities. Furthermore, there are rising concerns about sustainability that require the use of clean production methods and materials. Because of this, companies are also forced to create and look for cleaner alternatives, which may be costly in the beginning.Risks & Prospects in Grooved Couplings Market
There are considerable opportunities in the grooved couplings market owing to the increasing need for efficient, cheap, and adaptable piping systems in construction, oil and gas, and water management, among other sectors. The installation of grooved couplings is simple, maintenance is low, and high-pressure systems can be accommodated, which is why they are used more and more in new builds and also in the refurbishing of systems. The worldwide trend of upgrading infrastructure and the availability of reliable and effective piping systems in the developing countries are likely to propel the growth of the grooved couplings market. Furthermore, the emergence of green building concepts and the trend towards industrial automation have created further possibilities for grooved couplings, more so in industries that Favor energy efficiency and sustainability. Also, the use of grooved couplings in fire protection systems, HVAC systems, and other sectors is increasing because these solutions are flexible, reliable, and cost-effective. The growth prospects are also increased by the innovations in materials and coatings and the advancement in coupling technology, which help to cope with the changing needs of industrial applications.Key Target Audience
The main prospective consumers in the grooved couplings market primarily include industrial segments like oil and gas, water management, building and construction, and furniture and fixtures, where there is a need for an efficient and safe solution to pipe conjoining. These industries also make use of grooved couplings due to their simplicity and speed of installation, the flexibility offered, and the resistance to pressure and vibrations. Couplings are particularly useful not only in piping where liquids are transported but also gases, as they enable leak-free joints with little or no welding or threading, making the processes quicker and cheaper.,, One more audience worth mentioning is composed of mechanical contractors, system integrators, and pipeline engineers who, in turn, appreciate that grooved couplings can be used in both temporary and permanent setups. Such professionals employ the installation of grooved coupling systems in various fields, namely building HVAC systems, fire protection systems, and fluid distribution systems, which require quick fixes and easy supervised systems. Therefore, grooved couplings are in great demand in many infrastructure and industrial projects due to the evolving focus on system performance and safety.Merger and acquisition
The recent growth in the grooved couplings market has been shaped by the employee’s needs for market expansion and growth of product lines. Companies like Victaulic and Rapidrop, for example, have made strategic acquisitions such as those into fire protection industries and others. Rising need for effective and durable couplings in various sectors, including construction, firefighting, and water management, compels many of these companies to grow through acquisitions. To illustrate, the zealous pursuit of improvements in facilities and improvements of coupling product lines by Victaulic provides evidence of the continuing merger wave in the industry. Such consolidations are driven by the need to exploit technological capabilities, enhance productivity, and satisfy increasing demand in different markets around the world.- 1.1 Report description
- 1.2 Key market segments
- 1.3 Key benefits to the stakeholders
2: Executive Summary
- 2.1 Grooved Couplings- Snapshot
- 2.2 Grooved Couplings- Segment Snapshot
- 2.3 Grooved Couplings- Competitive Landscape Snapshot
3: Market Overview
- 3.1 Market definition and scope
- 3.2 Key findings
- 3.2.1 Top impacting factors
- 3.2.2 Top investment pockets
- 3.3 Porter’s five forces analysis
- 3.3.1 Low bargaining power of suppliers
- 3.3.2 Low threat of new entrants
- 3.3.3 Low threat of substitutes
- 3.3.4 Low intensity of rivalry
- 3.3.5 Low bargaining power of buyers
- 3.4 Market dynamics
- 3.4.1 Drivers
- 3.4.2 Restraints
- 3.4.3 Opportunities
4: Grooved Couplings Market by Type
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Flexible Grooved Couplings
- 4.2.1 Key market trends, factors driving growth, and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market share analysis by country
- 4.3 Rigid Grooved Couplings
- 4.3.1 Key market trends, factors driving growth, and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market share analysis by country
5: Grooved Couplings Market by Application / by End Use
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Fire Protection System
- 5.2.1 Key market trends, factors driving growth, and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market share analysis by country
- 5.3 Construction Industry
- 5.3.1 Key market trends, factors driving growth, and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market share analysis by country
- 5.4 Industry
- 5.4.1 Key market trends, factors driving growth, and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market share analysis by country
6: Grooved Couplings Market by Region
- 6.1 Overview
- 6.1.1 Market size and forecast By Region
- 6.2 North America
- 6.2.1 Key trends and opportunities
- 6.2.2 Market size and forecast, by Type
- 6.2.3 Market size and forecast, by Application
- 6.2.4 Market size and forecast, by country
- 6.2.4.1 United States
- 6.2.4.1.1 Key market trends, factors driving growth, and opportunities
- 6.2.4.1.2 Market size and forecast, by Type
- 6.2.4.1.3 Market size and forecast, by Application
- 6.2.4.2 Canada
- 6.2.4.2.1 Key market trends, factors driving growth, and opportunities
- 6.2.4.2.2 Market size and forecast, by Type
- 6.2.4.2.3 Market size and forecast, by Application
- 6.2.4.3 Mexico
- 6.2.4.3.1 Key market trends, factors driving growth, and opportunities
- 6.2.4.3.2 Market size and forecast, by Type
- 6.2.4.3.3 Market size and forecast, by Application
- 6.2.4.1 United States
- 6.3 South America
- 6.3.1 Key trends and opportunities
- 6.3.2 Market size and forecast, by Type
- 6.3.3 Market size and forecast, by Application
- 6.3.4 Market size and forecast, by country
- 6.3.4.1 Brazil
- 6.3.4.1.1 Key market trends, factors driving growth, and opportunities
- 6.3.4.1.2 Market size and forecast, by Type
- 6.3.4.1.3 Market size and forecast, by Application
- 6.3.4.2 Argentina
- 6.3.4.2.1 Key market trends, factors driving growth, and opportunities
- 6.3.4.2.2 Market size and forecast, by Type
- 6.3.4.2.3 Market size and forecast, by Application
- 6.3.4.3 Chile
- 6.3.4.3.1 Key market trends, factors driving growth, and opportunities
- 6.3.4.3.2 Market size and forecast, by Type
- 6.3.4.3.3 Market size and forecast, by Application
- 6.3.4.4 Rest of South America
- 6.3.4.4.1 Key market trends, factors driving growth, and opportunities
- 6.3.4.4.2 Market size and forecast, by Type
- 6.3.4.4.3 Market size and forecast, by Application
- 6.3.4.1 Brazil
- 6.4 Europe
- 6.4.1 Key trends and opportunities
- 6.4.2 Market size and forecast, by Type
- 6.4.3 Market size and forecast, by Application
- 6.4.4 Market size and forecast, by country
- 6.4.4.1 Germany
- 6.4.4.1.1 Key market trends, factors driving growth, and opportunities
- 6.4.4.1.2 Market size and forecast, by Type
- 6.4.4.1.3 Market size and forecast, by Application
- 6.4.4.2 France
- 6.4.4.2.1 Key market trends, factors driving growth, and opportunities
- 6.4.4.2.2 Market size and forecast, by Type
- 6.4.4.2.3 Market size and forecast, by Application
- 6.4.4.3 Italy
- 6.4.4.3.1 Key market trends, factors driving growth, and opportunities
- 6.4.4.3.2 Market size and forecast, by Type
- 6.4.4.3.3 Market size and forecast, by Application
- 6.4.4.4 United Kingdom
- 6.4.4.4.1 Key market trends, factors driving growth, and opportunities
- 6.4.4.4.2 Market size and forecast, by Type
- 6.4.4.4.3 Market size and forecast, by Application
- 6.4.4.5 Benelux
- 6.4.4.5.1 Key market trends, factors driving growth, and opportunities
- 6.4.4.5.2 Market size and forecast, by Type
- 6.4.4.5.3 Market size and forecast, by Application
- 6.4.4.6 Nordics
- 6.4.4.6.1 Key market trends, factors driving growth, and opportunities
- 6.4.4.6.2 Market size and forecast, by Type
- 6.4.4.6.3 Market size and forecast, by Application
- 6.4.4.7 Rest of Europe
- 6.4.4.7.1 Key market trends, factors driving growth, and opportunities
- 6.4.4.7.2 Market size and forecast, by Type
- 6.4.4.7.3 Market size and forecast, by Application
- 6.4.4.1 Germany
- 6.5 Asia Pacific
- 6.5.1 Key trends and opportunities
- 6.5.2 Market size and forecast, by Type
- 6.5.3 Market size and forecast, by Application
- 6.5.4 Market size and forecast, by country
- 6.5.4.1 China
- 6.5.4.1.1 Key market trends, factors driving growth, and opportunities
- 6.5.4.1.2 Market size and forecast, by Type
- 6.5.4.1.3 Market size and forecast, by Application
- 6.5.4.2 Japan
- 6.5.4.2.1 Key market trends, factors driving growth, and opportunities
- 6.5.4.2.2 Market size and forecast, by Type
- 6.5.4.2.3 Market size and forecast, by Application
- 6.5.4.3 India
- 6.5.4.3.1 Key market trends, factors driving growth, and opportunities
- 6.5.4.3.2 Market size and forecast, by Type
- 6.5.4.3.3 Market size and forecast, by Application
- 6.5.4.4 South Korea
- 6.5.4.4.1 Key market trends, factors driving growth, and opportunities
- 6.5.4.4.2 Market size and forecast, by Type
- 6.5.4.4.3 Market size and forecast, by Application
- 6.5.4.5 Australia
- 6.5.4.5.1 Key market trends, factors driving growth, and opportunities
- 6.5.4.5.2 Market size and forecast, by Type
- 6.5.4.5.3 Market size and forecast, by Application
- 6.5.4.6 Southeast Asia
- 6.5.4.6.1 Key market trends, factors driving growth, and opportunities
- 6.5.4.6.2 Market size and forecast, by Type
- 6.5.4.6.3 Market size and forecast, by Application
- 6.5.4.7 Rest of Asia-Pacific
- 6.5.4.7.1 Key market trends, factors driving growth, and opportunities
- 6.5.4.7.2 Market size and forecast, by Type
- 6.5.4.7.3 Market size and forecast, by Application
- 6.5.4.1 China
- 6.6 MEA
- 6.6.1 Key trends and opportunities
- 6.6.2 Market size and forecast, by Type
- 6.6.3 Market size and forecast, by Application
- 6.6.4 Market size and forecast, by country
- 6.6.4.1 Middle East
- 6.6.4.1.1 Key market trends, factors driving growth, and opportunities
- 6.6.4.1.2 Market size and forecast, by Type
- 6.6.4.1.3 Market size and forecast, by Application
- 6.6.4.2 Africa
- 6.6.4.2.1 Key market trends, factors driving growth, and opportunities
- 6.6.4.2.2 Market size and forecast, by Type
- 6.6.4.2.3 Market size and forecast, by Application
- 6.6.4.1 Middle East
- 7.1 Overview
- 7.2 Key Winning Strategies
- 7.3 Top 10 Players: Product Mapping
- 7.4 Competitive Analysis Dashboard
- 7.5 Market Competition Heatmap
- 7.6 Leading Player Positions, 2022
8: Company Profiles
- 8.1 CPS Products
- 8.1.1 Company Overview
- 8.1.2 Key Executives
- 8.1.3 Company snapshot
- 8.1.4 Active Business Divisions
- 8.1.5 Product portfolio
- 8.1.6 Business performance
- 8.1.7 Major Strategic Initiatives and Developments
- 8.2 Croker
- 8.2.1 Company Overview
- 8.2.2 Key Executives
- 8.2.3 Company snapshot
- 8.2.4 Active Business Divisions
- 8.2.5 Product portfolio
- 8.2.6 Business performance
- 8.2.7 Major Strategic Initiatives and Developments
- 8.3 Dixon
- 8.3.1 Company Overview
- 8.3.2 Key Executives
- 8.3.3 Company snapshot
- 8.3.4 Active Business Divisions
- 8.3.5 Product portfolio
- 8.3.6 Business performance
- 8.3.7 Major Strategic Initiatives and Developments
- 8.4 Everfilt
- 8.4.1 Company Overview
- 8.4.2 Key Executives
- 8.4.3 Company snapshot
- 8.4.4 Active Business Divisions
- 8.4.5 Product portfolio
- 8.4.6 Business performance
- 8.4.7 Major Strategic Initiatives and Developments
- 8.5 GroovJoint
- 8.5.1 Company Overview
- 8.5.2 Key Executives
- 8.5.3 Company snapshot
- 8.5.4 Active Business Divisions
- 8.5.5 Product portfolio
- 8.5.6 Business performance
- 8.5.7 Major Strategic Initiatives and Developments
- 8.6 Jianzhi
- 8.6.1 Company Overview
- 8.6.2 Key Executives
- 8.6.3 Company snapshot
- 8.6.4 Active Business Divisions
- 8.6.5 Product portfolio
- 8.6.6 Business performance
- 8.6.7 Major Strategic Initiatives and Developments
- 8.7 Johnson Controls
- 8.7.1 Company Overview
- 8.7.2 Key Executives
- 8.7.3 Company snapshot
- 8.7.4 Active Business Divisions
- 8.7.5 Product portfolio
- 8.7.6 Business performance
- 8.7.7 Major Strategic Initiatives and Developments
- 8.8 Kuriyama
- 8.8.1 Company Overview
- 8.8.2 Key Executives
- 8.8.3 Company snapshot
- 8.8.4 Active Business Divisions
- 8.8.5 Product portfolio
- 8.8.6 Business performance
- 8.8.7 Major Strategic Initiatives and Developments
- 8.9 Morrill Industries
- 8.9.1 Company Overview
- 8.9.2 Key Executives
- 8.9.3 Company snapshot
- 8.9.4 Active Business Divisions
- 8.9.5 Product portfolio
- 8.9.6 Business performance
- 8.9.7 Major Strategic Initiatives and Developments
- 8.10 NCI Canada Inc.
- 8.10.1 Company Overview
- 8.10.2 Key Executives
- 8.10.3 Company snapshot
- 8.10.4 Active Business Divisions
- 8.10.5 Product portfolio
- 8.10.6 Business performance
- 8.10.7 Major Strategic Initiatives and Developments
- 8.11 PUHUI JIDIANSHEBEI
- 8.11.1 Company Overview
- 8.11.2 Key Executives
- 8.11.3 Company snapshot
- 8.11.4 Active Business Divisions
- 8.11.5 Product portfolio
- 8.11.6 Business performance
- 8.11.7 Major Strategic Initiatives and Developments
- 8.12 Rapidrop
- 8.12.1 Company Overview
- 8.12.2 Key Executives
- 8.12.3 Company snapshot
- 8.12.4 Active Business Divisions
- 8.12.5 Product portfolio
- 8.12.6 Business performance
- 8.12.7 Major Strategic Initiatives and Developments
- 8.13 Reliable
- 8.13.1 Company Overview
- 8.13.2 Key Executives
- 8.13.3 Company snapshot
- 8.13.4 Active Business Divisions
- 8.13.5 Product portfolio
- 8.13.6 Business performance
- 8.13.7 Major Strategic Initiatives and Developments
- 8.14 Victaulic Company
- 8.14.1 Company Overview
- 8.14.2 Key Executives
- 8.14.3 Company snapshot
- 8.14.4 Active Business Divisions
- 8.14.5 Product portfolio
- 8.14.6 Business performance
- 8.14.7 Major Strategic Initiatives and Developments
9: Analyst Perspective and Conclusion
- 9.1 Concluding Recommendations and Analysis
- 9.2 Strategies for Market Potential
Scope of Report
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Frequently Asked Questions (FAQ):
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