Press Release

Aug, 30 2023

Effortless Efficiency: The Global Automatic Lubrication System

The global automatic lubrication system market is witnessing robust growth due to its numerous positive attributes. These systems enhance equipment performance, increase machine lifespan, and reduce maintenance costs by providing precise and continuous lubrication. They ensure consistent lubrication without manual intervention, minimizing downtime and improving overall operational efficiency. The increased adoption of automatic lubrication systems across various industries, including manufacturing, construction, and automotive, further drives market expansion. Additionally, their ability to enhance worker safety and reduce environmental impact contributes to their widespread adoption globally.

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Data Bridge Market Research analyses that the Global Automatic Lubrication System Market is expected to grow at a CAGR of 4.8% for the forecast period of 2022-2029 and would likely reach an estimated value of 1,201.34 million from USD 825.61 in 2021 by the end of the forecast period of 2022-2029. Automatic lubrication systems minimize manual labor and ensure optimal lubricant usage, resulting in reduced maintenance and downtime costs.

Key Findings of the Study

Automatic Lubrication System Market

Improved equipment performance is expected to drive the market's growth rate

Automatic lubrication systems ensure that machinery is consistently and accurately lubricated, leading to optimized equipment performance. Reducing friction between moving parts, the systems minimize wear and tear, extending the lifespan of critical components. This results in smoother operation, increased efficiency, and reduced downtime due to maintenance or breakdowns. The precise application of lubricants helps prevent excessive wear, ensuring that the machinery operates at its best capacity, and improving overall productivity and performance.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014-2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Lubrication Type (Oil Based and Grease Based), Actuator (Pneumatic and Electrical), Vehicle (Trucks and Trailers, Construction Machines, Agriculture Machines, Food Conveyors, and Others), System (Oil and Air Lubrication Systems, Circulating Oil Lubrication Systems, Series Progressive Lubrication Systems, Single-line Lubrication Systems, Dual-line Lubrication Systems, and Multi-line Lubrication Systems), Industry (Manufacturing, Steel, Cement, Transportation, Construction and Agriculture

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Prema-Tec (U.S.), Bijur Delimon (U.S.), KLUBER LUBRICATION MUNCHEN SE & CO. (Germany), THE TIMKEN COMPANY (U.S.), KRS MULTILUB PVT LTD. (India), ATS Electro-Lube International Inc. (Canada), Cenlub Systems (India), Dropsa SPA (Italy), Graco Inc (U.S.), Oil-Rite Corporation (U.S.), Simatec AG (Switzerland), SKF Group (Sweden), Lubrication Engineers (U.S.), SAMOA Ltd. (Spain), WOERNER (Germany), Groeneveld Group (Netherlands), Rikkon Lubes Pvt. Ltd. (India) among others

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Segment Analysis:

The global automatic lubrication system market is segmented on the basis of lubrication type, actuator, vehicle, industry, and system type.

  • On the basis of lubrication type, the automatic lubrication system market is divided into oil based and grease based.
  • On the basis of its actuator, the automatic lubrication system is divided into pneumatic and electrical.
  • On the basis of the vehicle, the automatic lubrication system market is classified into trucks and trailers, construction machines, agriculture machines, food conveyors, and others.
  • On the basis of the industry, the automatic lubrication system market is divided into automotive, aerospace, shipbuilding, construction, agriculture, and mining.
  • On the basis of its system type, the automatic lubrication system is divided into oil and air lubrication systems , circulating oil lubrication systems, series progressive lubrication systems, single-line lubrication systems, dual-line lubrication systems, and multi-line lubrication systems

Major Players

Data Bridge Market Research recognizes the following companies as the major automatic lubrication system market players in automatic lubrication system market are ATS Electro-Lube International Inc. (Canada), Cenlub Systems (India), Dropsa SPA (Italy), Graco Inc (U.S.), Oil-Rite Corporation (U.S.), Simatec AG (Switzerland), SKF Group (Sweden), Lubrication Engineers (U.S.)

Automatic Lubrication System Market

Market Developments

  •  In 2023, Etna Products Inc. announced the successful acquisition of JTM Products’ metalworking fluid line as part of its growth plans. The acquisition helped the company in advancing technology and a distribution network that would provide support in manufacturing and in setting up a research and development center.
  •  In 2023, Graco announced the introduction of the industry’s first automatic lubrication injector technology, GCI™ Series Cartridge Injector. This new lubrication is designed to double the output of current injectors in its class at a decreased cost for unexpected uptime and would result in saving the labor costs.
  • In 2023, Timken Company acquired Nadella Group and American Roller Bearing Company. The acquisition helps the company to cater to businesses with an industry-leading portfolio of engineered bearing solutions.

Regional Analysis

Geographically, the countries covered in the automatic lubrication system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

Europe is the dominant region in the automatic lubrication system market during the forecast period 2022-2029

Europe's dominance in the global automatic lubrication system market can be attributed to its early adoption of advanced machinery and automation in industrial plants. Leading industries in automotive, mining, steel, electronics manufacturing, and agriculture have flourished in the region, driving the demand for efficient output and reduced downtime. To meet these demands, the European industrial ecosystem has prioritized automation and digitization, leading to the widespread adoption of automatic lubrication systems for optimal equipment performance and extended machinery lifespan.

For more detailed information about the automatic lubrication system market report, click here – https://www.databridgemarketresearch.com/reports/global-automatic-lubrication-system-market


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