Global Automatic Lubrication System Market : Industry Analysis and Forecast (2019-2026)
Global Automatic Lubrication System Market is expected to reach US$ XX Mn by 2026 from US$ 704.84 Mn in 2019 at CAGR of XX%.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The major factors increasing the growth of automatic lubrication system is rising growth in the demand for heavy motor vehicles and industrial vehicles which may not be on road. Additional, several unprecedented benefits offered by these systems, is driving its penetration in all vehicles. However, vehicles which incorporate manual lubrication systems are also replacing their existing systems to achieve better vehicle life improve fuel efficiency and reduce maintenance costs.
Along with, increasing concerns regarding improving vehicle fuel efficiency is another factor driving the demand for central lubrication systems, as vehicle characterizes lower energy consumption due to less friction. Also, as automation is the prime priority for most machinery and automobile manufacturers, incorporation of centralized lubrication system are expected in vehicles from all prominent global manufacturers, as it not only improves efficiency but also enhances vehicle life, and provides an impressive return on investment.
Global automatic lubrication system market segmented by lubrication type, by system type, by industry and region. Lubrication type segmented into grease-based lubrication system and oil-based lubrication system. System type is segmented into single-line lubrication system, dual-line lubrication system, multi-line lubrication system, series progressive lubrication system, circulating oil lubrication system, oil and air lubrication system. The industry is segmented into steel, manufacturing, cement, paper & printing, transportation, construction, agriculture, mining, and power. Region-wise market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Based on the lubrication type, grease lubrication systems are extensively used in industrial and heavy-duty mobile equipment applications to lubricate multiple points on a machine. Grease lubrication systems range from a simple single-port lubricator to complex dual-line, reversing units employing timers and alarms to deliver grease reliably to hundreds of grease points.
Grease systems are designed principally to make the work environment safer for maintenance personnel by simplifying the process of using remote grease points, especially in confined spaces, when equipment is in operation. Also, the primary benefit is derived from the continuous application of small amounts of grease resulting in improved equipment life, due to the uniform supply of grease.
On the basis of system type, Single-line lubrication system is expected to hold the XX% share of the market between 2018 and 2026. Single-line lubrication systems are informal to operate and maintain. Single-line automatic lubrication systems are perfect for compact and medium-sized machines and equipment with closely configured bearing clusters. Single line systems are designed for low-pressure oil lubrication and can lubricate able to 100 points. One of the main features of a single-line lubrication system is that it continues to operate even if any lubrication point is blocked.
In terms of region, Europe is dominating the market. European countries are one of the early users of advanced and new machinery in industrial plants and the manufacturing units of automotive, metals, and manufacturing sectors. Such as, in France, which is one of the highly advanced and industrialized countries in the world, manufacturing remains the most important industry for the French economy. Leading industries, for instance, automotive, mining, and steel, electronics manufacturing, and agriculture have been flourishing in the European region for the past few decades. Need for more efficient output has encouraged the European industrial ecosystem to hold automation and digitization.
Key players operating on the global automatic lubrication system market are, Timken, SKF, Pricol, Oil-Rite, Nordson, Luberite Industries, Lubecore, Kluber, Groeneveld Lubrication Solutions, Graco, Cenlub Systems, Bijur delimon, Beke-lube, Andantex, Ambilube, Alemite.
The objective of the report is to present a comprehensive analysis of the Global Automatic Lubrication System Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors in the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Automatic Lubrication System Market dynamics, structure by analyzing the market segments and project the Global Automatic Lubrication System Market size. Clear representation of competitive analysis of key players by End-User Industry, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Automatic Lubrication System Market make the report investor’s guide.
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Scope of the Global Automatic Lubrication System Market Report
Global Automatic Lubrication System Market, by Lubrication type
• Grease-based lubrication system
• Oil-based lubrication system
Global Automatic Lubrication System Market, by System type
• Single-line lubrication system
• Dual-line lubrication system
• Multi-line lubrication system
• Series progressive lubrication system
• Circulating oil lubrication system
• Oil and air lubrication system
Global Automatic Lubrication System Market, by Industry
• Cement, paper & printing
Global Automatic Lubrication System Market, by region
• North America
• Asia Pacific
• Middle East and Africa
• Latin America
Key players of the Global Automatic Lubrication System Market
• Luberite Industries
• Groeneveld Lubrication Solutions
• Cenlub Systems
• Bijur delimon
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Vikas Godage
Organization: Maximize Market Research
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