APAC Tops the Global Industrial Overrunning Clutches Market – Technavio

December 20, 2017

LONDON–(BUSINESS WIRE)–#Automation–The global
industrial overrunning clutches market is expected to grow at
a CAGR of close to 2% during the forecast period, according to
Technavio’s latest market research.

In this market research report, Technavio
covers the market outlook, and growth prospects of the global
industrial overrunning clutches market for 2017-2021. The market is
further categorized into different segments based on product (sprag
clutches, roller clutches, and spring clutches) and end-user
(automotive, textile, marine, and power generation).

Technavio’s research analysts segment the global industrial
overrunning clutches market into the following regions:

APAC
EMEA
Americas

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APAC: largest industrial overrunning clutches market

APAC is the major revenue-generating region for the global overrunning
clutches market. This is due to the high demand from end-user industries
such as automotive and textile industries in this region. China and
India are the major revenue contributors in APAC. This is because China
and India are the major textile manufacturing countries and China is a
major automobile manufacturing country across the globe.

“Favorable government policies and low operating cost are a major
factor for the presence of a high number of end-user industries in APAC.
This is having a positive impact on the overrunning clutches market.
Furthermore, the investments in end-user industries are expected to
increase during the forecast period. This will lead to new projects and
upgrading of existing facilities. These upcoming projects and upgrades
in end-user facilities will lead to an increase in the demand for
overrunning clutches,” says Sushmit Chakraborty, a lead automation
research expert from Technavio.

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Industrial overrunning clutches market in EMEA

The revenue from the market in EMEA is expected to be slightly lower
than that of the market in APAC. This is primarily due to the economic
condition of countries such as Greece and Portugal. The mining industry
in African countries has witnessed a slow growth that is impacting the
overrunning clutches market in the EMEA. Textile, power generation,
marine, and food and beverage are some of the major industries in EMEA.
The investments in the power generation and textile industries are
expected to help EMEA in generating a higher revenue during the forecast
period.

“The upgrading of existing textile manufacturing plants and power
generation facilities with advanced industrial machinery has led to the
increase in demand for overrunning clutches. The commercial and
residential sectors are adopting automation solutions to render the
growing demand for energy. Infrastructural development has also been
witnessed for improving the efficiency of the existing plants,” says
Sushmit.

Industrial overrunning clutches market in the Americas

The automotive, power generation and marine industries are the major
end-user industries in the Americas. Countries such as the US are
investing in alternate energy projects such as the solar and wind power.
This has resulted in the growth of overrunning clutches because these
clutches are used in turbine management in wind power generation units.

The upgrading of existing manufacturing facilities has led to the
moderate growth of the overrunning clutches market, and it will continue
to impact the overrunning clutches market during the forecast period.
However, as American industries are technologically advanced, it is
expected that the incorporation of electric drives will impact the
overrunning clutches market during the latter half of the forecast
period.

Some of the vendors in the global industrial overrunning clutches market
as highlighted in this market research analysis are:

Altra Industrial Motion
Hilliard
RINGSPANN
Stemin Breitbach
Thomson Industries

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