The factors that are boosting the Global Automatic Lubrication System Market due to Increasing focus on worker safety and the impressive growth of the Semiconductors and Electronics industry during the past few years.
Pune, India -- (SBWIRE) -- 08/15/2018 -- Global Automatic Lubrication System Market, By Type (Grease-Based Lubrication System, Oil-Based Lubrication System), System Type (Single-Line Lubrication System, Dual-Line Lubrication System, Multi-Line Lubrication System, Series Progressive Lubrication System, Circulating Oil Lubrication System) Industry (Steel, Manufacturing, Cement, Paper & Printing, Transportation, Construction, Agriculture, Mining, Power) Geographical Segments (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2025.
The global automatic lubrication system market is expected to reach USD 1056.04 million by 2025 from USD 740.5 million in 2017 and is projected to grow at a CAGR of 4.4% in the forecast period of 2018 to 2025.
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Major Market Competitors of Global Automatic Lubrication System Market
Some of the major players operating in the global automatic lubrication system market are
- SKF AB,
- Graco Inc,
- Groeneveld Group B.V,
- Cenlub Systems,
- Pricol Technologies,
Vogel AG, Auto Mat Lub Systems, Beka-Lube Products Inc., Weidong Woodoo, Bijur Delimon, LUBE Corp, Samoa Group, Oil-Rite, I.L.C. S.R.L., ATS Electro-Lube, Cenlub Systems, Simatec, Klueber Lubrication, Perma-Tec, Woerner, Dropsa, Timken, Baier + Koeppel among others
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Market Segmentation of Global Automatic Lubrication System Market
The market is based on lubrication type, system, industry, and geographical segments.
Based on lubrication type, the market is segmented into
- grease-based lubrication system and
- oil-based lubrication system
Based on system, the market 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
Based on industry, the market is segmented into
- paper & printing,
Based on geography, the market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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The global automatic lubrication system market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of automatic lubrication system market for global, Europe, North America, Asia Pacific and South America.
In 2017, Groeneveld Lubrication Solutions Spain subsidiary of Groeneveld Group B.V. opens new premises in Olerdola, near Barcelona. The new office building marks as a milestone in the history of Groeneveld Group B.V. in Spain.
Major Market Drivers and Restraints:
- Effective lubrication with automatic lubrication systems.
- Increasing focus on worker safety.
- Lack of awareness among end-user industries in developing countries.
- Impact of weather conditions on lubricant performance.
Reasons to Purchase this Report
- Current and future of global automatic lubrication system market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
- Regions/countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report
- The report includes the complete segmentation displayed above across all above mentioned countries
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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