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Lubrication Systems Market - Global Industry Analysis

Lubrication Systems Market - By Type (Centralized Or Automated And Manual), By Process (Wet Sump And Dry Sump), And By Application (Automobile, Cement, Mining & Mineral Processing, And Steel): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 - 2028

Published Date: 24-Nov-2021 Category: Energy & Mining Report Format : PDF Pages: 177 Report Code: ZMR-2585 Status : Published

The global Lubrication Systems Market accrued earnings worth approximately 1,004 (USD Million) in 2020 and is predicted to gain revenue of about 7,004(USD Million) by 2028, is set to record a CAGR of nearly 4.40% over the period from 2021 to 2028.

Description

The global Lubrication Systems Market accrued earnings worth approximately 1,004 (USD Million) in 2020 and is predicted to gain revenue of about 7,004(USD Million) by 2028, is set to record a CAGR of nearly 4.40% over the period from 2021 to 2028. The report offers assessment and analysis of the Lubrication Systems Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Million).

Lubrication Systems Market: Overview

Lubrication systems are utilized for smooth & healthy functioning of rotating machine components such as cables, gears, bearings, rails, and spindles. Use of lubrication tool for a specific use depends on number of lubrication points, operating expenses, and lubrication frequency. Apart from this, industrial units such as cement manufacturing sites, steel plants, and paper mills make use of automatic lubrication tools, which not only reduces lubricating of many equipment but eliminate errors caused as a result of manual lubrication.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Lubrication Systems Market: Growth Factors

Growing necessity for reducing friction between two moving surfaces will promulgate growth of lubrication systems market over upcoming years. In addition to this, breakthroughs in technology resulting in development of many monitoring & controlling tools is predicted to succor lubrication of many of machine parts, thereby driving market trends. Furthermore, lubrication systems help in improving reliability of machines and enhance their performance. Moreover, lubrication system is used for reducing wear & tear of operating equipment. This is projected to create lucrative growth avenues for lubrication systems market in years to come.

Regional Landscape

Asia Pacific To Contribute Majorly Towards Regional Market Share By 2028

Growth of regional market over forecast timespan is owing to increase in use of passenger vehicles in sub-continent. In addition to this, Asia Pacific is largest producer as well as consumer of cement, automotive, and steel. China is major producer of paper and cement. This will contribute majorly towards regional market size in forecasting years. Presence of key manufacturing firms in sub-continent is predicted to make humungous contributions towards growth of lubrication systems market in Asia Pacific zone. Strong infrastructure and rise in per capita income of population in sub-continent will drive regional market trends.

Competitive Landscape

Key players impacting growth of lubrication systems market and profiled in study are Ambilube, The Timken Company, Cenlub Systems, Andantex, Groeneveld Lubrication Solutions, Cenlub Systems, Graco, SKF, Alemite, Samoa,  Klueber Lubrication, Beke-lube, Bijur delimon, and ATS Electro-Lube.

The global Lubrication Systems Market is segmented as follows:

By Application

  • Automobile
  • Cement
  • Mining & Mineral Processing
  • Steel

By Process

  • Direct Sales
  • Distributor

By Type

  • CENTRALIZED OR AUTOMATED
  • Manual

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Lubrication Systems Market, 2018–2028(USD Million)
    • 2.2. Lubrication Systems Market: Snapshot
  • Chapter 3. Global Lubrication Systems Market– Industry Analysis
    • 3.1. Lubrication Systems Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Need for minimizing friction between two moving surfaces will enlarge scope of lubrication systems market over ensuing years.
      • 3.2.2. Technulogical advancements leading to development of monitoring & contrulling systems is projected to support lubrication of many of machine parts, thereby steering market growth.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Application
      • 3.4.2. Market attractiveness analysis By Type
      • 3.4.3. Market attractiveness analysis By Process
  • Chapter 4. Global Lubrication Systems Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Lubrication Systems Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Lubrication Systems Market– Application Analysis
    • 5.1. Global Lubrication Systems Market overview: By Application
      • 5.1.1. Global Lubrication Systems Market share, By Application, 2020 and 2028
    • 5.2. Automobile
      • 5.2.1. Global Lubrication Systems Market by Automobile, 2018–2028(USD Million)
    • 5.3. Cement
      • 5.3.1. Global Lubrication Systems Market by Cement, 2018–2028(USD Million)
    • 5.4. Mining & Mineral Processing
      • 5.4.1. Global Lubrication Systems Market by Mining & Mineral Processing, 2018–2028(USD Million)
    • 5.5. Steel
      • 5.5.1. Global Lubrication Systems Market by Steel, 2018–2028(USD Million)
  • Chapter 6. Global Lubrication Systems Market– Type Analysis
    • 6.1. Global Lubrication Systems Market overview: By Type
      • 6.1.1. Global Lubrication Systems Market share, By Type, 2020 and 2028
    • 6.2. CENTRALIZED OR AUTOMATED
      • 6.2.1. Global Lubrication Systems Market by CENTRALIZED OR AUTOMATED , 2018–2028(USD Million)
    • 6.3. Manual
      • 6.3.1. Global Lubrication Systems Market by Manual, 2018–2028(USD Million)
  • Chapter 7. Global Lubrication Systems Market overview: By Process
    • 7.1.. Global Lubrication Systems Market share, By Process , 2020 and 2028
    • 7.2. Wet Sump
      • 7.2.1. Global Lubrication Systems Market by Wet Sump, 2018–2028(USD Million)
    • 7.3. Dry Sump
      • 7.3.1. Global Lubrication Systems Market by Dry Sump, 2018–2028(USD Million)
  • Chapter 8. Company Profiles
    • 8.1. Ambilube
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfulio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. The Timken Company
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfulio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Cenlub Systems
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfulio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Development
    • 8.4. Andantex
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfulio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Development
    • 8.5. Groeneveld Lubrication Sulutions
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfulio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. Cenlub Systems
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfulio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development
    • 8.7. Graco
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product Portfulio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Development
    • 8.8. SKF
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product Portfulio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Development
    • 8.9. Alemite
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product Portfulio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Development
    • 8.10. Samoa
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product Portfulio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Development
    • 8.11. Klueber Lubrication
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Product Portfulio
      • 8.11.4. Business Strategy
      • 8.11.5. Recent Development
    • 8.12. Beke-lube
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Product Portfulio
      • 8.12.4. Business Strategy
      • 8.12.5. Recent Development
    • 8.13. Bijur delimon
      • 8.13.1. Overview
      • 8.13.2. Financials
      • 8.13.3. Product Portfulio
      • 8.13.4. Business Strategy
      • 8.13.5. Recent Development
    • 8.14. ATS Electro-Lube
      • 8.14.1. Overview
      • 8.14.2. Financials
      • 8.14.3. Product Portfulio
      • 8.14.4. Business Strategy
      • 8.14.5. Recent Development

List of Figures

1. Market research Type
2. Market research methodology
3. Global Lubrication Systems Market, 2018–2028(USD Million)
4. Porter’s Five Forces Analysis
5. Global Lubrication Systems Market attractiveness, By Application
6. Global Lubrication Systems Market attractiveness, By Type
7. Global Lubrication Systems Market attractiveness, By Process
8. Global Lubrication Systems Market share by Application ,2020 and 2028 (USD Million)
9. Global Lubrication Systems Market by Automobile, 2018–2028(USD Million)
10. Global Lubrication Systems Market by Cement, 2018–2028(USD Million)
11. Global Lubrication Systems Market by Mining & Mineral Processing, 2018–2028(USD Million)
12. Global Lubrication Systems Market by Steel, 2018–2028(USD Million)
13. Global Lubrication Systems Market share by Type,2020 and 2028 (USD Million)
14. Global Lubrication Systems Market by CENTRALIZED OR AUTOMATED,  2018–2028(USD Million)
15. Global Lubrication Systems Market by Manual, , 2018–2028(USD Million)
16. Global Lubrication Systems Market share by Process ,2020 and 2028 (USD Million)
17. Global Lubrication Systems Market by Wet Sump, 2018–2028(USD Million)
18. Global Lubrication Systems Market by Dry Sump, 2018–2028(USD Million)
19. Global Lubrication Systems Market share, by Region, 2020 and 2028
20. North America Lubrication Systems Market, 2018–2028(USD Million)
21. Europe Lubrication Systems Market, 2018–2028(USD Million)
22. Asia Pacific Lubrication Systems Market, 2018–2028(USD Million)
23. Latin America Lubrication Systems Market, 2018–2028(USD Million)
24. The Middle East and Africa Lubrication Systems Market, 2018–2028(USD Million)


List of Tables

1. Global Lubrication Systems Market: snapshot
2. Drivers of the Lubrication Systems Market: impact analysis
3. North America Lubrication Systems Market revenue, By Application  ,2018–2028(USD Million)
4. North America Lubrication Systems Market Revenue, By Type ,2018–2028(USD Million)
5. North America Lubrication Systems Market Revenue, By Process ,2018–2028(USD Million)
6. The U.S. Lubrication Systems Market Revenue, By Application  ,2018–2028(USD Million)
7. The U.S. Lubrication Systems Market Revenue, By Type ,2018–2028(USD Million)
8. The U.S. Lubrication Systems Market Revenue, By Process ,2018–2028(USD Million)
9. Rest of North America Lubrication Systems Market Revenue, By Application  ,2018–2028(USD Million)
10. Rest of North America Lubrication Systems Market Revenue, By Type ,2018–2028(USD Million)
11. Rest of North America Lubrication Systems Market Revenue, By Process ,2018–2028(USD Million)
12. Europe Lubrication Systems Market Revenue, By Application  ,2018–2028(USD Million)
13. Europe Lubrication Systems Market Revenue, By Type ,2018–2028(USD Million)
14. Europe Lubrication Systems Market Revenue, By Process ,2018–2028(USD Million)
15. UK Lubrication Systems Market Revenue, By Application  ,2018–2028(USD Million)
16. UK Lubrication Systems Market Revenue, By Type ,2018–2028(USD Million)
17. UK Lubrication Systems Market Revenue, By Process ,2018–2028(USD Million)
18. France Lubrication Systems Market Revenue, By Application  ,2018–2028(USD Million)
19. France Lubrication Systems Market Revenue, By Type ,2018–2028(USD Million)
20. France Lubrication Systems Market Revenue, By Process ,2018–2028(USD Million)
21. Germany Lubrication Systems Market Revenue, By Application  ,2018–2028(USD Million)
22. Germany Lubrication Systems Market Revenue, By Type ,2018–2028(USD Million)
23. Germany Lubrication Systems Market Revenue, By Process ,2018–2028(USD Million)
24. Rest of Europe Lubrication Systems Market Revenue, By Application  ,2018–2028(USD Million)
25. Rest of Europe Lubrication Systems Market Revenue, By Type ,2018–2028(USD Million)
26. Rest of Europe Lubrication Systems Market Revenue, By Process ,2018–2028(USD Million)
27. Asia Pacific Lubrication Systems Market Revenue, By Application  ,2018–2028(USD Million)
28. Asia Pacific Lubrication Systems Market Revenue, By Type ,2018–2028(USD Million)
29. Asia Pacific Lubrication Systems Market Revenue, By Process ,2018–2028(USD Million)
30. China Lubrication Systems Market Revenue, By Application  ,2018–2028(USD Million)
31. China Lubrication Systems Market Revenue, By Type ,2018–2028(USD Million)
32. China Lubrication Systems Market Revenue, By Process ,2018–2028(USD Million)
33. Japan Lubrication Systems Market Revenue, By Application  ,2018–2028(USD Million)
34. Japan Lubrication Systems Market Revenue, By Type ,2018–2028(USD Million)
35. Japan Lubrication Systems Market Revenue, By Process ,2018–2028(USD Million)
36. India Lubrication Systems Market Revenue, By Application  ,2018–2028(USD Million)
37. India Lubrication Systems Market Revenue, By Type ,2018–2028(USD Million)
38. India Lubrication Systems Market Revenue, By Process ,2018–2028(USD Million)
39. Rest of Asia Pacific Lubrication Systems Market Revenue, By Application  ,2018–2028(USD Million)
40. Rest of Asia Pacific Lubrication Systems Market Revenue, By Type ,2018–2028(USD Million)
41. Rest of Asia Pacific Lubrication Systems Market Revenue, By Process ,2018–2028(USD Million)
42. Latin America Lubrication Systems Market Revenue, By Application  ,2018–2028(USD Million)
43. Latin America Lubrication Systems Market Revenue, By Type ,2018–2028(USD Million)
44. Latin America Lubrication Systems Market Revenue, By Process ,2018–2028(USD Million)
45. Brazil Lubrication Systems Market Revenue, By Application  ,2018–2028(USD Million)
46. Brazil Lubrication Systems Market Revenue, By Type ,2018–2028(USD Million)
47. Brazil Lubrication Systems Market Revenue, By Process ,2018–2028(USD Million)
48. Rest of Latin America Lubrication Systems Market Revenue, By Application  ,2018–2028(USD Million)
49. Rest of Latin America Lubrication Systems Market Revenue, By Type ,2018–2028(USD Million)
50. Rest of Latin  America Lubrication Systems Market Revenue, By Process ,2018–2028(USD Million)
51. The Middle East and Africa Lubrication Systems Market Revenue, By Application  ,2018–2028(USD Million)
52. The Middle East and Africa Lubrication Systems Market Revenue, By Type ,2018–2028(USD Million)
53. The Middle East and Africa Lubrication Systems Market Revenue, By Process ,2018–2028(USD Million)
54. Saudi Arabia Lubrication Systems Market Revenue, By Application  ,2018–2028(USD Million)
55. Saudi Arabia Lubrication Systems Market Revenue, By Type ,2018–2028(USD Million)
56. Saudi Arabia Lubrication Systems Market Revenue, By Process ,2018–2028(USD Million)
57. South Africa Lubrication Systems Market Revenue, By Application  ,2018–2028(USD Million)
58. South Africa Lubrication Systems Market Revenue, By Type ,2018–2028(USD Million)
59. South Africa Lubrication Systems Market Revenue, By Process ,2018–2028(USD Million)
60. Rest of the Middle East & Africa Lubrication Systems Market Revenue, By Application  ,2018–2028(USD Million)
61. Rest of the Middle East & Africa Lubrication Systems Market Revenue, By Type ,2018–2028(USD Million)
62. Rest of the Middle East & Africa Lubrication Systems Market Revenue, By Process ,2018–2028(USD Million)

 
 

Methodology

Free Analysis

The lubrication system is a means where oil, grease, and other lubricants are used between two rubbing surfaces to reduce the friction, heat, and wear. Machines like manufacturing equipment, pumps, turbines, cutting tools, motors, pistons, bearings, cams, chains, vehicles make use of lubrication system to reduce the heat and friction generated; therefore, preventing from getting damaged. The lubricants used in the machines reduce the friction generated between the parts and thus increase the longevity of all the components. Lubrication system benefits in reducing the power consumption due to less friction thus ensuring the safe operation of machinery which, in turn, extends the component life, reduces the maintenance cost, and increases the overall productivity of the system.

Advancement of the novel products which includes synthetic lubricants coupled with the easy availability are the strong factors anticipated to fuel the lubrication systems market growth in upcoming years. In addition to this, growing industrialization and rising automobile sector are also considered to be the major factors driving the lubrication systems market across the globe. Moreover, a rising trend for the automated process leads to the increasing demand for the lubricants which also influences the lubrication systems market during the forecast period. Rapid urbanization also has provoked the market growth. However, lack of awareness among end-user industries regarding the new products can hamper the growth of the market.

Global Lubrication Systems Market

Based on the type of system, lubrication systems market is bifurcated into centralized or automated and manual. On the basis of process, the market is bifurcated into the dry sump and wet sump. Based on the application, the market is bifurcated into automobile, mining & mineral processing, cement, and steel. 

Regionally, Asia Pacific accounted for a major revenue share in 2017. The trend is estimated to continue during the forecast period. The region is home for the developing countries such as India, China, South Korea, and others. Therefore, booming end-user industries such as automotive, transportation, and construction are also the considerable factors for market growth in this region. In addition to this, rapid urbanization, growing industrialization, and rising consumerism are major factors stoking the market growth in this region. Other regions such as the Middle East and Africa and Latin America are anticipated to grow at a steady pace in upcoming years. 

Some of the major players contributing to the growth of the global lubrication systems market comprise Timken, Andantex, Cenlub Systems, Graco, SKF, Samoa, Klueber Lubrication, Cenlub Systems, Ambilube, Beke-lube, Bijur delimon, Alemite, Groeneveld Lubrication Solutions, ATS Electro-Lube, and many others. Merger, acquisition, and product advancement joint venture are the key strategies by the market players across the globe to strengthen the growth of lubrication systems market.

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FrequentlyAsked Questions

Growing necessity for reducing friction between two moving surfaces will promulgate growth of lubrication systems market over upcoming years. In addition to this, breakthroughs in technology resulting in development of many monitoring & controlling tools is predicted to succor lubrication of many of machine parts, thereby driving market trends. Furthermore, lubrication systems help in improving reliability of machines and enhance their performance. Moreover, lubrication system is used for reducing wear & tear of operating equipment. This is projected to create lucrative growth avenues for lubrication systems market in years to come.

 

According to Zion market research report, the global Lubrication Systems Market accrued earnings worth approximately 1,004 (USD Million) in 2020 and is predicted to gain revenue of about 7,004(USD Million) by 2028, is set to record a CAGR of nearly 4.40% over the period from 2021 to 2028.       

Asia Pacific will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to increase in use of passenger vehicles in sub-continent. In addition to this, Asia Pacific is largest producer as well as consumer of cement, automotive, and steel. China is major producer of paper and cement. This will contribute majorly towards regional market size in forecasting years. Presence of key manufacturing firms in sub-continent is predicted to make humungous contributions towards growth of lubrication systems market in Asia Pacific zone. Strong infrastructure and rise in per capita income of population in sub-continent will drive regional market trends.

The key market participants include Ambilube, The Timken Company, Cenlub Systems, Andantex, Groeneveld Lubrication Solutions, Cenlub Systems, Graco, SKF, Alemite, Samoa,  Klueber Lubrication, Beke-lube, Bijur delimon, and ATS Electro-Lube.

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