Swivel Couplers Market Share, Size, Trends, Industry Analysis Report, By Product Type (Pressed Swivel Couplers, Forged Swivel Couplers, and Others); By Load Capacity; By End Use; By Region; Segment Forecast, 2023 – 2032
- Published Date:Oct-2023
- Pages: 116
- Format: PDF
- Report ID: PM3833
- Base Year: 2022
- Historical Data: 2019-2021
The global swivel couplers market was valued at USD 330.78 million in 2022 and is expected to grow at a CAGR of 5.2% during the forecast period.
The exponential rise in the number of construction activities, particularly in emerging economies like India, China, Indonesia, and South Korea, and drastic growth in the fabrication industry, along with the surging usage of innovative production technologies for the manufacturing of swivel couplers, are among the primary factors influencing the demand and growth of the market.
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In addition, the growing popularity of pressed steel swivel couplers and rising investments in research & development activities focused on introducing new couplers with enhanced capabilities and features are likely to have a positive impact on the global swivel couplers market over the years.
- For instance, in January 2021, Voith announced the expansion of its extensive range of torque-limiting couplings with the launch of SafeSet EZi, which suits all kinds of applications and is known to facilitate the immediate release at pre-set torque. These couplings are being developed with trusted and proven technology that offers higher protection even during short transient loads without releasing.
Moreover, the rapid development of advanced materials such as lightweight alloys and high-strength composites, has significantly influenced the design and manufacturing of swivel couplers and gained huge traction worldwide, as it offers enhanced strength and durability while reducing the overall weight of the couplers, which makes them easier to handle and transport.
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The outbreak of the COVID-19 pandemic has significantly impacted the growth of the swivel couplers market. The rapid spread of the pandemic led to disruptions in global supply chains and affected the production and distribution of various products, including swivel couplers. Many construction projects were also put on hold or delayed due to imposed lockdowns, restrictions, and labor shortages during the pandemic, which have largely impacted the demand for swivel couplers across the world.
Increasing demand for scaffolding systems in various industries
With the significant expansion of various industries across the world, the demand and penetration for advanced or effective scaffolding systems for the repair, maintenance, and construction activities, and is acting as a key driver for the global swivel couplers market growth. The higher reliance of scaffolding systems in oil & gas sector for plant maintenance and new facility construction and extensive use of swivel couplers in these projects to ensure worker safety and efficient access to work areas, are further likely to push the market growth forward.
Furthermore, there has been a drastic increase in the prevalence and preference among manufacturers to develop innovative or advanced swivel coupler designs that offer improved performance, increased safety features, and ease of use along with the growing implementation of new materials and technologies in scaffolding systems to enhance the durability and efficiency, are some other factors likely to propel the growth of the market in the near future.
The market is primarily segmented based on product type, load capacity, end use, and region.
By Product Type
By Load Capacity
By End Use
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By Product Type Analysis
Forged swivel couplers segment is expected to witness highest growth
The forged swivel couplers segment is expected to grow at the highest growth during the anticipated period, which is largely accelerated by its rapidly increasing demand and needs from the construction industry for different purposes, including scaffolding and support systems along with the surging penetration for extensive scaffolding in various infrastructure projects such as highways, bridges, airports, and public spaces.
The pressed segment led the industry market with substantial market revenue share in 2022 on account of its wide range of beneficial characteristics and properties, including cost-effectiveness, lightweight, and higher reliability compared to other product types available in the market. Besides this, rising innovations in manufacturing processes and improvements in materials might lead to more advanced and durable pressed swivel couplers and are likely to attract customers seeking better-performing products across the world.
By Load Capacity Analysis
1100-2300 lbs segment held the maximum market share in 2022
The 1100-2300 lbs segment held the maximum market share both in terms of revenue and volume in 2022, which is mainly driven by the growing use and prevalence of these capacity couplers in various construction and infrastructure projects, including the construction of bridges, buildings, and stadiums along with the increasing awareness of sustainable construction practices and environmental regulations leading to the greater demand for lightweight, eco-friendly swivel couplers.
Apart from this, major governments and construction regulatory bodies across both developed and developing countries often mandate safety standards for construction sites or projects, which results in a higher need and demand for effective swivel couplers, as they play a very crucial role in ensuring the stability and safety of scaffold structures and positively impacted the demand for compliant and high-quality swivel couplers.
By End-Use Analysis
Construction industry segment accounted for the largest share in 2022
The construction industry segment accounted for the largest shares of the market. The growth of the segment market can be mainly accelerated by the rapid rate of urbanization and population growth across various regions that creates significant demand for new construction and development projects like commercial spaces, residential buildings, and public utilities, which often require swivel couplers to facilitate safe and efficient scaffolding. For instance, according to the United Nations, approximately 55 percent of the global population resides in urban settlements, and the number is expected to reach around 68 percent by 2050; that means the world’s population could add another 2.5 billion people to the urban regions.
The manufacturing & fabrication industry segment is likely to gain a substantial growth rate over the next coming years, as they are being widely used in the fabrication of pipe and tube structures and provide greater flexibility and adjustability in the assembly. Additionally, companies are also focusing on exploring their applications in rigging and hoisting to create connections between different components, allowing for the articulation and movement in the rigging system.
North America region dominated the global market in 2022
North America held the largest share, mainly attributable to the continuous increase in industrial and construction activities, particularly in countries like the US & Canada, and a significant increase in the number of waterworks along with the growing need and prevalence for ongoing maintenance, repair, and renovation projects in existing infrastructure across the region.
The Asia Pacific region is anticipated to be the fastest-growing region with a healthy CAGR over the study period on account of the region's witnessing exponential growth in the infrastructure development and construction industry due to rapid urbanization, population expansion, and surging demand for modern residential and commercial spaces. Moreover, the region has been hugely investing in renewable energy projects like wind farms and solar power plants that require swivel couplers in the construction and maintenance of these energy installations, likely to contribute to the market's growth at a rapid pace.
Market Key Players & Competitive Insight
Competitive insight in the swivel couplers market reveals a landscape characterized by intense rivalry driven by a focus on innovation, product differentiation, and global expansion. Key players are investing heavily in R&D to develop advanced swivel coupler designs that enhance safety and ease of use, while also exploring new materials and technologies to improve durability. Market leaders are actively seeking strategic partnerships and acquisitions to broaden their product portfolios and geographic reach. Additionally, a strong emphasis on compliance with safety regulations and industry standards is a crucial factor shaping competition in this market, as companies strive to gain a competitive edge by ensuring the highest levels of safety and quality in their offerings.
Some of the major players operating in the global market include:
- Apollo Scaffold Services Ltd.
- Doughty Engineering Ltd.
- HAKI AB
- Instant Upright
- Musson Theatrical Inc.
- Prajapati Tubes
- Rizhao Fast & Fasten Scaffold Ltd.
- Scaffolding Direct Ltd.
- Supertek Scafform
- Theatrixx Technologies Inc.
- Thiel United
- Tianjin Wellmade Scaffold Ltd.
- XSF Xtreme Structures & Fabrication
- In May 2021, Siemens launched its new force-guided coupling relay series named Sirius 3RQ1, which is mainly designed for safety-related applications in the electrical systems industry and infrastructure. The newly developed series are certified up to the Safety Integrity Level 3 and Performance Level e and will be used to amplify or multiply signals from and to the controllers.
- In December 2021, Alfagomma introduced its newly developed AG Rubber Expansion Joint range, which is available in three different forms including Pro, Plus, and Auto. The new rubber expansion joints can be easily tailored and designed according to the customer's specific needs and requirements and also offer stress relief in the naval piping systems.
Swivel Couplers Market Report Scope
Market size value in 2023
USD 347.25 million
Revenue forecast in 2032
USD 547.07 million
5.2% from 2023 – 2032
2019 – 2021
2023 – 2032
Revenue in USD million and CAGR from 2023 to 2032
By Product Type, By Load Capacity, By End Use, By Region
North America, Europe, Asia Pacific, Latin America; Middle East & Africa
Report customization as per your requirements with respect to countries, region and segmentation.
The global swivel couplers market size is expected to reach USD 547.07 million by 2032.
Key players in the market are product type, load capacity, end use, and region.
North America contribute notably towards the global swivel couplers market.
The global swivel couplers market is expected to grow at a CAGR of 5.2% during the forecast period.
The swivel couplers market report covering key segments are product type, load capacity, end use, and region.