Global Industrial Overrunning Clutches Market 2017-2021
About Industrial Overrunning Clutches
The global industrial clutches and brakes market is mainly dependent on the oil and gas industry. The recent decline in the oil prices has affected the investment scenario in the industry, thereby affecting the revenue of the global industrial clutches and brakes market. As the oil and gas industry is slowly recovering from the decline in crude oil prices, the revenue from this segment is expected to increase during the forecast period. Overrunning clutches are extensively used in industries for transmitting mechanical power. The need for brakes and clutches are decided depending on the user applications, such as the use of any one of the equipment or the combination of both. The oil and gas, mining, marine, and power industries are some of the major end-users of industrial clutches and brakes.
Technavio’s analysts forecast the global industrial overrunning clutches market to grow at a CAGR of 1.89% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial overrunning clutches market for 2017-2021. To calculate the market size, the report considers the sales revenue and replacement revenue and have excluded monitoring system.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Overrunning Clutches Market 2017-2021
Technavio recognizes the following companies as the key players in the global industrial overrunning clutches market: Altra Industrial Motion, Hilliard, RINGSPANN, Stemin Breitbach, and Thomson Industries
Other Prominent Vendors in the market are: Boca Bearings, Bondioli & Pavesi, Dayton Superior, Francis Klein, GMN Bearing, Nexen Group, Regal Beloit, Schaeffler, and SSS.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Use of designing software to improve the efficiency of the products. This trend can be witnessed in all industrial sectors, as all the vendors focus on improving the product quality and efficiency. Similarly, vendors of industrial overrunning clutches have also started using designing and simulation software to improve the product design. For instance, software applications such as computer-aided design (CAD), and Solid Works are used for product designing.”
According to the report, one of the major drivers for this market is Product customization and services. Many vendors offer customization of their products to differentiate themselves from the competition and provide suitable products to the customers. Some end-user applications require a particular chemical coating to prevent abrasion and variable torque. These requirements are driving the vendors to offer customization of their products. Some processes require higher torque and should be capable of handling higher RPM; thus, overrunning clutches need to be customized to handle these situations. As end-user industries, such as the marine industry, require rugged features, the customization options provided by vendors will help in increasing revenue.
Further, the report states that one of the major factors hindering the growth of this market is Issues faced by overrunning clutches. Premature failure due to the constant movement and friction between the mechanical components results in frequent replacement. Also, the improper installation and technical configuration discrepancy lead to loose connections, resulting in frequent machine damage. Therefore, this results in the replacement of industrial machines, leading to operational downtime, thereby impacting productivity. Also, it is necessary to maintain the safety of industrial workers that are working in collaboration with heavy machines. This requires a frequent quality check of machines and replacement, which affects the operational cost of industries.
Altra Industrial Motion, Hilliard, RINGSPANN, Stemin Breitbach, Thomson Industries, Boca Bearings, Bondioli & Pavesi, Dayton Superior, Francis Klein, GMN Bearing, Nexen Group, Regal Beloit, Schaeffler, and SSS.
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