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The automatic lubrication system market size is forecast to increase by USD 322.58 million at a CAGR of 5.82% between 2023 and 2028. The market's growth trajectory is influenced by several key factors. Notably, there is a growing emphasis on preventive maintenance within industrial machinery, reflecting a broader trend towards proactive upkeep strategies. Additionally, the demand for customized systems is on the rise, driven by industries seeking tailored solutions to enhance operational efficiency. Moreover, expanding end-user industries are contributing to the market's growth, fueled by increasing demand for advanced machinery and automation. These trends underscore a shift towards more efficient and reliable equipment management practices, aligning with industry demands for enhanced performance, reduced downtime, and optimized operational processes. Our report examines historical data from 2018-2022, besides analyzing the current and forecasted market scenario.
The market in Europe thrives primarily due to the automotive, mining, and construction sectors, with the EU ranking as the world's second-largest steel producer. ATS Electro Lube International Inc stands out with its comprehensive offerings, including mobile threat defense solutions like Kaspersky Lab mobile protection, providing integrated protection against malware and security management for all linked mobile devices
Market Forecast 2024-2028
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The Market is driven by the increasing adoption of advanced lubrication systems across various sectors like steel, mining, agriculture, and heavy-duty machinery. This trend is fueled by the need for efficient lubrication practices to enhance equipment performance and longevity, especially in harsh environments. The market also sees a rising demand for automation in lubrication operations to streamline maintenance processes and reduce downtime. However, challenges such as oil spillage and ensuring effective grease lubrication remain prominent, emphasizing the ongoing need for technological advancements and industry-standard practices. Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
The expansion of end-user industries like manufacturing, construction, mining, agriculture, and transportation fuels the demand for these systems. As these sectors grow globally and invest in new machinery, there's a corresponding rise in adopting these systems to ensure optimal performance and reliability. Various factors, including government initiatives and policies, drive industrial development worldwide. For instance, the European Commission's Net-Zero Industry Act proposes targets for EU industrial capacity by 2030, aiming to simplify regulatory frameworks for key technologies.
Additionally, in the UAE, initiatives like Operation 300bn aim to boost the industrial sector's contribution to GDP. Saudi Arabia's NIDLP aims to transform it into an industrial powerhouse. India's record iron ore production in 2023 reflects growth. With expanding industries, maintenance needs rise, and these systems streamline operations by automating tasks, reducing manpower, and ensuring consistent lubrication, likely propelling the global market's growth during the forecast period.
The failure of lubrication systems and compatibility issues have led to the emergence of integrated lubrication management programs. Integrated grease job management programs often involve the integration of lubrication activities with overall maintenance management systems. Automatic grease job systems can be seamlessly integrated into these systems, enabling centralized monitoring and control of grease job processes. This integration enhances visibility into grease job activities, facilitates proactive maintenance planning, and enables data-driven decision-making, further fueling the demand for automatic grease job systems. Companies of automatic lubrication systems are coming up with integrated management programs that help companies run their equipment effectively.
Further, such programs help prevent frequent replacements, reducing overall lubrication consumption as well as waste, spending less time on routine lubrication-related maintenance, and avoiding lubricant-related equipment failures. For instance, Lubrication Engineers Inc. offers an integrated grease job management program under the reliability-centered maintenance (RCM) approach. This program offers recommendations on the optimum lubricant type and consolidation, besides guidance on application methods, schedules, and drain intervals; and solutions covering contamination control, storage, handling, transfer and monitoring, fluid analysis, and the interpretation of results. Thus, such factors are expected to drive market growth during the forecast period.
The integration of carbon fibers into thermoplastic materials effectively prevents lubrication fluid leakage, offering self-grease job capabilities for efficient power transmission without additional lubricant. Manufacturers now prefer injection molding over machining to produce such gears, maintaining identical external dimensions and mounting requirements as conventional helical gears, ensuring seamless service for end-users. While thermoplastic gears exhibit similar properties, they may have a shorter lifespan due to reduced wear resistance. However, their maintenance-free nature compensates for this drawback, and their simple installation process minimizes machine downtime.
Moreover, their usage eliminates spent lubricant disposal, reducing environmental impact. Additionally, self-lubricating sintered bearings containing oil in their porosity ensure constant grease job between the bearing and shaft, eliminating the need for external lubrication. Consequently, the emergence of self-lubricating thermoplastic gears and bearings presents a potential challenge to the growth of the market during the forecast period.
The Market is highly diversified and segmented, catering to a wide range of industries and applications. One key segment within this market is the steel industry, where lubrication systems play a crucial role in maintaining the smooth operation of heavy machinery. In the mining sector, automatic lubrication systems are essential for ensuring the longevity and reliability of mining equipment. These systems are designed to withstand harsh conditions and reduce downtime, thereby improving overall operational efficiency. Another significant segment is agriculture, where automatic lubrication systems are utilized in various agricultural machinery to ensure optimal performance and prevent wear and tear of critical machine components.
The metals and mining and mineral processing industry segment is estimated to witness significant growth during the forecast period. The metals, mining, and mineral processing industry segment accounts for a significant share of the global market, driven by the specific grease job requirements and operational challenges within this sector. The metals, mining, and mineral processing industry segment includes companies that are involved in various activities related to the extraction, processing, and refining of metals and minerals, including mining operations, mineral processing plants, steel mills, smelters, foundries, and metal fabrication facilities.
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The metals and mining and mineral processing industry segment was the largest and was valued at USD 407.00 million in 2018. Automatic grease job systems are in high demand, as improper grease job of equipment by manual lubrication leads to frequent repairs, wear and tear, premature breakdown, and heavy losses for operators. The growing demand for mining drills and breakers in APAC is driving the demand for automatic grease job systems. These mining drills and breakers have several grease job points that require frequent lubrication to ensure their smooth functioning, which can be performed by automatic lubrication systems. Such factors are expected to have a positive impact on the metals, mining, and mineral processing industry segment of during the forecast period.
Based on the product, the market has been segmented into an automatic grease lubrication system and an automatic oil grease job system. The automatic grease lubrication system?segment will account for the largest share of this segment.? The distinction between base oil and grease lies in the presence of thickener in the latter. Grease, crucial for automotive and industrial purposes, is graded based on thickener type, concentration, additives, viscosity, and lubricant type. According to NLGI, greases are classified from very fluid to extremely hard, with NLGI 1, 2, and 3 commonly used for bearings. North America favors greases with calcium sulfonate, aluminum complexes, clay grease, and polyurea due to labor cost concerns, while other regions prefer lithium, sodium soap, and hydrated calcium for high-speed and heavy machinery. Automatic grease job systems find applications in roller bearings, idle machinery, off-road equipment, and hard-to-reach motors, offering sealing, mechanical, and rust protection. Despite potential failure due to contamination, wrong type or amount, and compatibility issues, grease remains essential in metals, mining, construction, automotive, and heavy equipment industries, driving the demand for automatic grease lubrication systems during the forecast period.
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Europe is estimated to contribute 33% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The market in Europe is mainly driven by the automotive, mining, and construction industries. The EU is the second-largest producer of steel in the world. Major industries that are contributing to the growth of the steel industry are the automotive, construction, and electronics industries. The Eurozone crisis in the EU and the effect of Brexit have impacted all the industries in the EU. The European Commission initiated active efforts to ensure growth in Europe by preserving jobs and setting up new policies that favor new industries such as steel, automotive, construction, and oil and gas. The increased investments in innovative technologies in these industries are leading to process efficiency and cost-effectiveness. To formulate international policies for fair international trade practices, the EU partnered with countries such as India, China, Turkey, Japan, and the US to benefit international trade and domestic growth.
In addition, these policies and developments will increase the adoption of automatic grease job systems and other advanced grease job technologies. Europe is one of the world's largest manufacturers of machine tools. However, the emergence of Asian countries as world powers has led to the development of the region's domestic machine tools industry, lowering the significance of the European machine tools industry. Mining is one of the key industries contributing to the market in Europe. Such factors are expected to drive the market in focus in Europe during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ATLANTA Drive Systems Inc - The company offers mobile threat defense, such as BlackBerry Protect mobile threat defense app, that can detect configuration, application vulnerabilities, malicious apps and network attacks.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including: ATS Electro Lube International Inc., Cenlub Systems, Dropsa, Eugen WOERNER GmbH and Co. KG, Graco Inc., ILC Srl, IMC, Industrial Innovations, LUBE Corp., Lubecore International Inc., Lubrication Engineers Inc., Lubrite Industries, M S Dropco Multilub Systems Pvt. Ltd., perma tec, Power Lube Industrial LLC, SKF, Sloan Lubrication Systems, TECHNO DROP ENGINEERS, and The Timken Co.
Technavio market forecast the an in-depth market growth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2023 for the following segments.
The Market is deeply intertwined with modern industrial practices, ensuring smooth operations and prolonged machinery lifespan. These systems play a pivotal role in various sectors such as cement, energy, mining, paper, food & beverages, packaging, and more. They are designed to optimize lubrication practices by automatically supplying lubricants to oil-lubricated machines, heavy-duty machines, mobile off-road vehicles, and others, reducing friction and enhancing bearing life.
One of the market's key attributes is its diverse ecosystem catering to different needs. This includes oil-based lubrication for various machinery and grease-based lubrication for specific applications, each with its advantages and considerations, such as oil spillage and vehicle fuel efficiency. Advanced systems encompass pneumatic and electrical actuation for precise lubricant delivery, especially in trucks, construction machines, agriculture machines, and aerospace. Automatic grease job extends to various delivery mechanisms like oil and air lubrication systems, circulating oil lubrication systems, and series progressive lubrication systems, ensuring proper lubrication across the manufacturing sector and metals industry. As industries increasingly prioritize lubricant checks and maintenance, the Market continues to innovate, offering tailored solutions for modern machinery challenges.
Furthermore, the Market is an integral part of modern industrial operations, offering efficient and hassle-free automatic lubrication operations for various machinery and equipment. The market landscape depends on lubricant checks, actuators, oil-based, grease-based, shipbuilding, single-line lubrication systems, dual-line lubrication systems, and multi-line lubrication systems. This market thrives on a robust automatic lubrication system ecosystem, encompassing essential machine components like the metering device that ensures precise lubricant delivery. In sectors such as Mining equipment, On-road vehicles, trucks and trailers, and food conveyors, the importance of proper lubricant selection cannot be overstated. This systems play a crucial role in maintaining optimal machine performance by providing the right lubricant at the right time. Regular lubricant checks and maintenance ensure smooth functioning and extend the lifespan of critical components.
Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.82% |
Market Growth 2024-2028 |
USD 322.58 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.89 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 33% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ATS Electro Lube International Inc., ATLANTA Drive Systems Inc, Cenlub Systems, Dropsa, Eugen WOERNER GmbH and Co. KG, Graco Inc., ILC Srl, IMC, Industrial Innovations, LUBE Corp., Lubecore International Inc., Lubrication Engineers Inc., Lubrite Industries, M S Dropco Multilub Systems Pvt. Ltd., perma tec, Power Lube Industrial LLC, SKF, Sloan Lubrication Systems, TECHNO DROP ENGINEERS, and The Timken Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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