Future Market Insights has announced the addition of the “Automotive Central Lubrication System Market to Register Steady Growth During 2017 – 2027" report to their offering.
Valley Cottage, NY -- (SBWIRE) -- 01/04/2018 -- Central Lubrication System also known as Automatic Lubrication System enables providing precise amounts of oil or grease – to moving parts, notably bearings, to minimize friction and wear. These systems often helps in achieving high efficiency and reduced operating time, as it lubricates the machine without causing a cease in its functioning. They are commonly used in trucks, buses, tractors and off-road vehicles. These enables automatic greasing, and ensures proper greasing at required points, enables significant reduction in operating and maintenance cost, thus significantly enhancing the life of vehicle. Since it is automated it is very mess-free and clutter free, and is consequently low on energy consumption.
With increasing automation in most vehicles demand for automotive central lubrication system is on the rise. Thus, global automotive central lubrication system market is expected to expand with an impressive CAGR over the forecast period.
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Automotive Central Lubrication System: Drivers & Restraints
The major factors boosting the growth of Automotive Central Lubrication System is rising growth in the demand for heavy motor vehicles and industrial vehicles which may not be on road. Further, several unprecedented benefits offered by these systems, is driving its penetration in all vehicles. Moreover, vehicles which incorporate manual lubrication systems are also replacing their existing systems to achieve better vehicle life improve fuel efficiency, and reduce maintenance costs. In many region safety concerns are also driving the market for central lubrication systems, as it enables no climbing around machinery or inaccessible areas (gases, exhaust, confined spaces, etc.). Along with, rising 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. Furthermore, as automation is the prime priority for most machinery and automobile manufacturers, incorporation of centralized lubrication system is 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.
Automotive Central Lubrication System: Market Segmentation
The Automotive Central Lubrication System is segmented on lube type, component type, actuator type, sales channel and in terms of vehicle type.
Based on lube type, the Automotive Central Lubrication System is segmented into:
Based on component type, the Automotive Central Lubrication System is segmented into:
Timers and Controllers
Tubes, hoses, pipes, fittings and clamps
Based on actuator type, the Automotive Central Lubrication System is segmented into:
Based on vehicle type, the Automotive Central Lubrication System is segmented into:
Automotive Central Lubrication System: Regional Outlook
Geographically, Automotive Central Lubrication System has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. Western Europe Automotive Central Lubrication System is expected to dominate the global market, amid presence of large number of automotive manufacturers in the region, and rising amount of automation in most vehicles manufactured in the region. In Asia Pacific region, the number of heavy motor vehicles and industrial vehicles produced per year in China and India are higher than the numbers attained by major manufacturers in the Western Europe and North America regions. This can be attributed to rapidly expanding industrialization in the region. Emerging countries in the Latin America region such as Mexico and Brazil create attractive opportunities for the automotive Central Lubrication System as many well-known industrial automobile manufacturers have set up their automotive plants in these countries. With high focus on automation by North America and Western Europe based manufacturers, demand for centralized lubrication system in these regions, and is also expected to witness decent growth over the forecast period.
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Automotive Central Lubrication System: Key Players
Some of the players identified in Global Automotive Central Lubrication System are:-
Herg (Foshan) Automotive Lubrication System Manufacture Co., Ltd.
Groeneveld Group B.V
Auto Mat Lub Systems
Beka-Lube Products Inc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.