Automatic Lubrication System Market Size, Share, Trends, Growth 2032

Automatic Lubrication System Industry Prospective:

The global automatic lubrication system market size was evaluated at $998.33 million in 2023 and is slated to hit $1470.88 million by the end of 2032 with a CAGR of nearly 4.4% between 2024 and 2032.

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In order to offer the users of this report, a comprehensive view of the automatic lubrication system market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the automatic lubrication system market has additionally been enclosed within the study. The study includes a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Automatic Lubrication System Market: Growth Factors

Automatic or a centralized lubrication system is an excellent process to improve the performance of equipment and maximize uptime and operational life, which, in turn, eventually results in cost savings. Generally, there are two types of lubrication systems—grease-based and oil-based. Oil-based lubrication systems are usually used in stationary manufacturing equipment, such as CNC milling, whereas grease-based lubrication systems are used in mobile units, such as mining, truck, and construction equipment.

The global automatic lubrication system market is projected to grow significantly over the estimated timeframe, owing to the increasing awareness regarding the benefits of automatic lubrication system and the rising labor costs in the manufacturing sector. Additionally, efficient lubrication with automatic lubrication system is also driving the global automatic lubrication system market growth. However, the restrictions associated with proper lubricant selection may hamper the demand for automatic lubrication system in the future. Alternatively, technological advancements and innovations of products are expected to offer lucrative growth opportunities in the global automatic lubrication system market.

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The study also includes the market share of the key participants operating in the automatic lubrication system market across the globe. Additionally, the report covered the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures and regional growth of key players within the market on a regional basis.

Automatic Lubrication System Market: Segmentation

The global automatic lubrication system market is divided based on lubrication type, component, system type, and end-user industry.

Based on lubrication type, the automatic lubrication system market is classified into an oil-based and grease-based lubrication system. In 2018, the grease-based lubrication system segment contributed the largest share to the global automatic lubrication system market. Moreover, the oil-based lubrication system is projected to grow gradually in the next few years.

Based on the component, the market is segmented into the controller, pump, supply line, metering valve, and feed line. The controller segment is estimated to contribute a significant share over the forecast time period.

The system type segment of the market includes single-line, multi-line, dual-line, circulating oil, series progressive, and oil and air lubrication system. The multi-line lubrication system segment is predicted to show the highest CAGR over the assessment period.

Based on end-user industry, the automatic lubrication system market is classified into construction, manufacturing, cement, transportation, steel, paper and printing, mining, agriculture, and power. The steel industry is predicted to dominate the global automatic lubrication system market in the upcoming years, owing to the rapid industrialization and urbanization in emerging countries like India, China, Indonesia, Thailand, and Brazil.

Automatic Lubrication System Market: Report Scope

Automatic Lubrication System Market: Regional Insights

Additionally, the regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

By region, Asia Pacific is expected to grow at the fastest pace over the forecast time period, owing to the growing penetration of automatic lubrication system in various industries, such as automotive, cement, and steel. The North American automatic lubrication system market is projected to grow significantly in the upcoming years.

Automatic Lubrication System Market: Competitive Space

The global automatic lubrication system market profiles key players such as:

• Rikkon Lubes Private Limited
• SKF
• Groeneveld Group
• KRS Multilub Pvt. Ltd
• AFMC Lubrication Pvt. Ltd
• Graco Inc
• Cenlub Systems
• S.V.A. Pricol Limited
• Southern Lubrication Pvt. Ltd
• Beka-Lube Products Inc
• Lubrite Industries
• Systematrix Engineering Service
• LUBE Corporation
• BEKAWORLD
• Dropco Multilub Systems Private Limited

This report segments the global automatic lubrication system market into:

Global Automatic Lubrication System Market: Lubrication Type Analysis

• Grease-Based Lubrication System
• Oil-Based Lubrication System

Global Automatic Lubrication System Market: Component Analysis

• Controller
• Pump
• Supply Line
• Metering Valve
• Feed Line

Global Automatic Lubrication System Market: System Type Analysis

• 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: End-User IndustryAnalysis

• Construction
• Steel
• Cement
• Manufacturing
• Paper & Printing
• Agriculture
• Transportation
• Mining
• Power

Global Automatic Lubrication System Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa