Quick Couplers Marketto Reach $2.9 Billion, Globally, by 2032 at 5.9% CAGR: Allied Market Research
The global quick coupler market is growing due to increase in demand in construction and agriculture, driven by the need for efficiency and safety. In addition, the expansion of infrastructure projects in emerging economies and the adoption of automation in industrial processes are further fueling market growth.
Wilmington, Delaware , Oct. 08, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Quick Couplers Market by Type (Hydraulic, Fluids, Gas and Steam), and Application (Automotive, Construction, Transportation, Food Manufacturing and Others): Global Opportunity Analysis and Industry Forecast, 2024-2032". According to the report, the quick couplers market was valued at $1.7 billion in 2023, and is estimated to reach $2.9 billion by 2032, growing at a CAGR of 5.9% from 2024 to 2032.
Prime determinants of growth
The market for quick couplers is shaped by a combination of technological innovation, industry dynamics, regulatory factors, and customer preferences, with a focus on enhancing efficiency, safety, sustainability, and cost-effectiveness. Quick couplers enable rapid connection and disconnection of components or machinery, thereby reducing downtime and increasing overall efficiency in various industries such as manufacturing, construction, agriculture, and automotive. The drive for improved productivity encourages the adoption of quick couplers that streamline processes and workflows.
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Report coverage & details:
Report Coverage | Details |
Forecast Period | 2024–2032 |
Base Year | 2023 |
Market Size in 2023 | $1.7 billion |
Market Size in 2032 | $2.9 billion |
CAGR | 5.9% |
No. of Pages in Report | 245 |
Segments Covered | Type, Application and Region. |
Drivers |
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Opportunities |
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Restraint |
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The hydraulic segment is expected to grow faster throughout the forecast period
By type, the hydraulic segment is anticipated to experience faster growth in the quick coupler market due to the expanding applications in industries like construction, mining, and agriculture. Hydraulic quick couplers offer efficient and reliable connections for heavy-duty equipment and machinery, driving demand for their ability to enhance productivity and operational flexibility in demanding environments. In addition, technological advancements in hydraulic systems contribute to the segment's growth by improving performance and compatibility with various hydraulic equipment.
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The construction segment is expected to grow faster throughout the forecast period
By application, the construction segment is anticipated to experience growth in the quick coupler market, owing to its increase in adoption of advanced equipment for enhanced efficiency and safety. Quick couplers facilitate swift attachment and detachment of construction machinery attachments, reducing downtime and boosting productivity on job sites. In addition, stringent safety regulations in the construction industry drive demand for quick couplers with advanced safety features, further fueling market growth in this segment.
Asia-Pacific to maintain its dominance by 2032
Asia-Pacific is expected to maintain its dominance in the quick coupler market by 2032 owing to robust industrialization, infrastructural development, and growing investments in construction and manufacturing sectors. The region's expanding automotive and agriculture industries, coupled with increasing adoption of advanced technologies, are driving demand for efficient quick couplers. Additionally, favorable government initiatives and rising urbanization further contribute to sustained market dominance in the Asia-Pacific region.
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Players: -
Manuli Hydraulics
STAUBLI
DIXON EUROPE
Nycoil
Pneuflex Pneumatic
Walther Prazision
FASTER
Parker Snap-tite
Stucchi
ALFAGOMMA
C.matic
Norgren
RECTUS TEMA
Hui Bao Enterprise
Beswick Engineering
Fluiconnecto
SMC Corporation
CEJN
CPC - Colder Products Company
Poolke Hydraulic & Pneumatic
Nitto Kohki
Eaton
LinkTech Quick Couplings
Arker Hannifin
The report provides a detailed analysis of these key players in the global quick coupler market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Recent Industry News:
In April 2022, Manuli Hydraulics, announced the launch of MQS-FEH Extra Heavy Duty quick coupling, which was designed for use in high-vibration situations.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." Allied Market Research has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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