Major players are highly focused on enhancing the business their approach towards strategic acquisition activities and product development activities in order to attract new customers are factors expected to boost the growth of global automotive coupling market.

In 2019, BorgWarner Inc. an automotive industry components and parts supplier across the globe acquired Delphi Technologies PLC. This acquisition is expected to help the company to enhance the business presence and increase the revenue share.

In 2020, Dana Limited a global supplier of axles, driveshafts, transmissions, and electrodynamic, thermal, sealing, and digital equipment acquired the automotive segment of Modine Manufacturing Company's. This acquisition is expected to help the company to increase the customer base.

In 2020, the company enhanced its Spicer® SPL® Series driveshafts for improved overall efficiency and increased performance. This is expected to help the company to enhance the product portfolio and attract new customers.

In addition, players focus on expansion of the manufacturing plant in order to increase the production capacity and cater to the rising automotive needs is expected to impact the growth of automotive coupling market.

In 2019, BorgWarner Inc. an automotive industry components and parts supplier across the globe expanded facility in Kakkalur, India. The plant expansion meets the increasing demand on the steadily growing Indian automotive market for meeting BS VI norms, while preparing to supply the growing Southeast Asian automotive market. This is expected to support the revenue growth of the company.

However, factors such as high cost associated to maintenance and fluctuation in raw material prices are expected to hamper the growth of global automotive coupling market. In addition, improper coupling and lack of quality standards is expected to challenge the growth of global market.

High sale passenger vehicle sale and increasing approach towards development of compact products are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, increasing partnership and agreements between regional and international players is expected to support the revenue transaction of automotive coupling market.

Segment Analysis by Region

The market in Asia Pacific is expected to witness faster growth in the global automotive coupling market due to increasing commercial and passenger vehicle sale. In addition, presence of major manufactures operating in the country such as India and China and introduction of innovative solutions are factors expected to augment the growth of automotive coupling market.

Moreover, major players inclination towards increasing the business presence in developing countries in order to enhance the customer base is another factor expected to impact the growth of regional market.

Competitive Landscape      

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

Automotive Coupling Market Segment Analysis, 2019

The global automotive coupling market is segmented into product, vehicle, and sales channel. The product segment is bifurcated into rigid couplings and flexible couplings. The vehicle segment is divided into passenger car, light commercial vehicle, and heavy commercial vehicle. Among the vehicle type segment the passenger vehicle segment is expected to account for major revenue share in the global market due to rising sale.

The players profiled in the report are Nexteer Automotive, Teconnex, BorgWarner Inc., Diamon Sp.z.o., Konsberg Automotive, Eaton Corporation, SGF Automotive, Minda Furukawa Electric Pvt. Ltd, Madras Chain Corporation, and Dana Limited.

Market Segmentation

Market By Product

Rigid Couplings

Flexible Couplings

Market By Vehicle Type

Passenger Car

Light Commercial Vehicle

Heavy Commercial Vehicle

Market By Sales Channel

OEM

Aftermarket

Market By Region

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa