Automatic Lubrication System Market by Lubrication Type (Grease, Oil), System Type (Single-Line, Dual-Line, Multi-Line, Series Progressive, Circulating Oil, Oil & Air), Industry (Steel, Manufacturing, Cement), and Region - Global Forecast to 2023
The automatic lubrication system market was valued at USD 743.3 million in 2017 and is projected to reach USD 958.5 million by 2023, at a CAGR of 4.5% during the forecast period. The base year considered for the study is 2017, and the forecast period is between 2018 and 2023.
Growing awareness regarding the advantages of using automatic lubrication systems is contributing to the growth of the market. Manufacturing companies around the world are slowly moving from manual lubrication practices to more efficient automatic lubrication operations. This shift from manual to automatic lubrication is acting as a growth driver for the market. Asia Pacific constitutes some of the largest and fastest-growing economies such as China, Japan, and India in the world. Huge domestic demand for products and services and significant business growth opportunities have led to the establishment of the manufacturing units of various industries, such as cement, steel, and energy, in the region. This offers an attractive opportunity for the market growth in APAC.
The objective of the report is to provide a detailed analysis of the market based on lubrication type, system type, industry, and region. The report provides detailed information regarding the major factors influencing the growth of the market. The report also gives a detailed overview of the automatic lubrication system value chain and analyzes market trends.
The research methodology used to estimate and forecast the begins with capturing data on current and expected adoption of automatic lubrication systems using secondary sources such as the Union of the European Lubricants Industry (UEIL), Society of Tribologists and Lubrication Engineers (STLE), National Lubricating Grease Institute (NLGI), press releases, investor relation presentations, and annual reports. Vendor offerings have also been considered to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the automatic lubrication system market by considering the installation of automatic lubrication systems in various industries. After arriving at the overall market size, the overall market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries is depicted in the figure below:
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The automatic lubrication system ecosystem comprises automatic lubrication system manufacturers, component providers, and distributors. Players involved in the manufacture of automatic lubrication systems include SKF (Sweden), Graco (US), BAIER + KOEPPEL (Germany), Timken (US), Bijur Delimon (US), Samoa (Spain), Klueber Lubrication (Germany), Perma-tec (Germany), Woerner (Germany), Dropsa (Italy), Cenlub Systems (India), ATS Electro-Lube (Canada), I.L.C. S.r.L. (Italy), Oil-Rite (US), and Simatec (Switzerland).
Target Audience for This Report:
- Associations, forums, and alliances related to automatic lubrication systems
- Automatic lubrication system manufacturers and suppliers
- Automatic lubrication system component suppliers
- Government bodies, venture capitalists, and private equity firms
- Lubricant manufacturing companies
- Research organizations and consulting companies
This study answers several questions for stakeholders, primarily which market segments to focus on in the next 26 years for prioritizing efforts and investments.
Scope of the Report:
This research report categorizes the global market by lubrication type, system type, industry, and region.
Automatic Lubrication System Market, by Lubrication Type
- Grease-based Lubrication System
- Oil-based Lubrication System
Automatic Lubrication System Market, by System Type
- 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
Automatic Lubrication System Market, by Industry
- Steel
- Manufacturing
- Cement
- Paper & Printing
- Transportation
- Construction
- Agriculture
- Mining
- Power
Automatic Lubrication System Market, by Region
- North America
- Europe
- APAC
- RoW
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to companies specific needs. The following customization options are available for the report:
Company Information:
- Detailed analysis and profiling of additional market players (up to 5)
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The automatic lubrication system market is expected to grow from USD 769.4 million in 2018 to USD 958.5 million by 2023, at a CAGR of 4.5% between 2018 and 2023. Key factors driving the growth of the market include reduction in machine downtime associated with manual lubrication, effective lubrication with automatic lubrication systems, increasing focus on worker safety, and rising labor costs.
Grease-based lubrication system held a larger share of the market in 2017. Grease-based lubrication systems are mostly preferred in those applications where a machine requires a cold start. In oil-lubricated machines, oil is drained from the surface of machine components, making it prone to increased friction during a cold start. However, grease remains on the surface of machine components and provides necessary lubrication during the start. Grease-based lubricants are ideal for heavy-duty applications in industries such as manufacturing, agriculture, transportation, mining, construction, and power. The rugged nature of grease-based lubricants also makes them ideal for harsh working conditions, making them the preferred choice for most machines and equipment.
The market for multi-line lubrication system is expected to grow at the highest CAGR during the forecast period. Multi-line lubrication systems are designed for heavy-duty and continuous operations. In multi-line lubrication systems, the lubricant is delivered from the pumping unit to lubrication points without the help of any external metering device. Multi-line lubrication systems are suitable for a variety of lubricants with broad viscosity range. These systems have the ability to lubricate multiple points at the same time, can perform lubrication without the help of metering device, and have simple design.
The steel industry held the largest share of the automatic lubrication system market in 2017. Rapid industrialization and infrastructure modernization in emerging economies such as China, India, Brazil, Indonesia, and Thailand have resulted in increased demand for steel. Steel manufacturing companies constantly face the challenge of producing steel with high precision, quality, and reliability. Increasing demand for high-quality steel has prompted steel companies to use advanced automated machinery and equipment in their plants. Companies are using automatic lubrication systems in steel plants to properly lubricate plant machinery so that it can withstand the harsh operating environment.
Europe held the largest share of the market in 2017. Leading industries such as automotive, mining, steel, electronics manufacturing, and agriculture have been flourishing in the European region for the past few decades. Need for more efficient output has encouraged the European industrial ecosystem to embrace automation and digitization. Increasing necessity to adopt efficient machinery and equipment, and maintenance practices has made Europe a huge market for automatic lubrication systems. Furthermore, factors such as highly automated manufacturing industries, stringent environmental regulations related to the transportation industry, and increasing need to reduce maintenance costs are driving the growth of the market in Europe.
SKF (Sweden), Graco (US), BAIER + KOEPPEL (Germany), Timken (US), and Bijur Delimon (US) are the top electric automatic lubrication system manufacturing companies. These players focus on product launches and developments, expansions, acquisitions, and contracts to enhance their product and service offerings, and expand their business globally.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for This Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Key Data From Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.1.3.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at Market Size By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Arriving at Market Size By Top-Down Analysis (Supply Side)
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 29)
4 Premium Insights (Page No. - 33)
4.1 Market (20182023)
4.2 Market, By Lubrication Type
4.3 Market, By System Type
4.4 Market, By Industry
4.5 Market, By Geography
5 Market Overview (Page No. - 38)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Reduction in Machine Downtime Associated With Manual Lubrication
5.2.1.2 Effective Lubrication With Automatic Lubrication Systems
5.2.1.3 Increasing Focus on Worker Safety
5.2.1.4 Rising Labor Cost Expected to Increase Adoption of Automatic Lubrication Systems
5.2.2 Restraints
5.2.2.1 Constraints Associated With Proper Lubricant Selection
5.2.2.2 Lack of Awareness Among End-User Industries in Developing Countries
5.2.3 Opportunities
5.2.3.1 Product Innovation to Present Growth Opportunity for Automatic Lubrication System Manufactures
5.2.3.2 Integration of Remote Monitoring With Automatic Lubrication Systems
5.2.4 Challenges
5.2.4.1 Impact of Weather Conditions on Lubricant Performance
5.2.4.2 Irregular Inspections Hampering Automatic Lubrication System Performance
5.3 Value Chain Analysis
6 Market Analysis, By Lubrication Type (Page No. - 45)
6.1 Introduction
6.2 Grease-Based Lubrication System
6.3 Oil-Based Lubrication System
7 Automatic Lubrication System Components (Page No. - 61)
7.1 Introduction
7.2 Controller
7.3 Pump
7.4 Supply Line
7.5 Metering Valve
7.6 Feed Line
8 Market Analysis, By System Type (Page No. - 63)
8.1 Introduction
8.2 Single-Line Lubrication System
8.3 Dual-Line Lubrication System
8.4 Multi-Line Lubrication System
8.5 Series Progressive Lubrication System
8.6 Circulating Oil Lubrication System
8.7 Oil and Air Lubrication System
9 Market Analysis, By Industry (Page No. - 71)
9.1 Introduction
9.2 Steel
9.3 Manufacturing
9.4 Cement
9.5 Paper & Printing
9.6 Transportation
9.7 Construction
9.8 Agriculture
9.9 Mining
9.10 Power
10 Geographic Analysis (Page No. - 87)
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 UK
10.3.2 France
10.3.3 Germany
10.3.4 Rest of Europe
10.4 APAC
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Australia
10.4.5 Rest of APAC
10.5 RoW
10.5.1 Middle East
10.5.2 Africa
10.5.3 Latin America
11 Competitive Landscape (Page No. - 106)
11.1 Overview
11.2 Market Ranking Analysis for Automatic Lubrication System Manufacturers
11.3 Competitive Situations and Trends
11.3.1 Product Launches
11.3.2 Expansions
11.3.3 Acquisitions
11.3.4 Contracts
12 Company Profiles (Page No. - 112)
12.1 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
12.1.1 SKF
12.1.2 Graco
12.1.3 Timken
12.1.4 Baier + Koeppel
12.1.5 Bijur Delimon
12.1.6 Samoa
12.1.7 Klueber Lubrication
12.1.8 Perma-Tec
12.1.9 Woerner
12.1.10 Dropsa
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
12.2 Other Key Players
12.2.1 Cenlub Systems
12.2.2 ATS Electro-Lube
12.2.3 I.L.C. S.R.L.
12.2.4 Oil-Rite
12.2.5 Simatec
13 Appendix (Page No. - 138)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details
List of Tables (67 Tables)
Table 1 Market, By Lubrication Type, 20152023 (USD Million)
Table 2 Grease-Based Lubrication System Market, By Industry, 20152023 (USD Million)
Table 3 Grease-Based Lubrication System Market, By Region, 20152023 (USD Million)
Table 4 Grease-Based Lubrication System Market for Steel, By Region, 20152023 (USD Million)
Table 5 Grease-Based Lubrication System Market for Manufacturing, By Region, 20152023 (USD Million)
Table 6 Grease-Based Lubrication System Market for Cement, By Region, 20152023 (USD Million)
Table 7 Grease-Based Lubrication System Market for Paper & Printing, By Region, 20152023 (USD Million)
Table 8 Grease-Based Lubrication System Market for Transportation, By Region, 20152023 (USD Million)
Table 9 Grease-Based Lubrication System Market for Construction, By Region, 20152023 (USD Million)
Table 10 Grease-Based Lubrication System Market for Agriculture, By Region, 20152023 (USD Million)
Table 11 Grease-Based Lubrication System Market for Mining, By Region, 20152023 (USD Million)
Table 12 Grease-Based Lubrication System Market for Power, By Region, 20152023 (USD Million)
Table 13 Oil-Based Lubrication System Market, By Industry, 20152023 (USD Million)
Table 14 Oil-Based Lubrication System Market, By Region, 20152023 (USD Million)
Table 15 Oil-Based Lubrication System Market for Steel, By Region, 20152023 (USD Million)
Table 16 Oil-Based Lubrication System Market for Manufacturing, By Region, 20152023 (USD Million)
Table 17 Oil-Based Lubrication System Market for Cement, By Region, 20152023 (USD Million)
Table 18 Oil-Based Lubrication System Market for Paper & Printing, By Region, 20152023 (USD Million)
Table 19 Oil-Based Lubrication System Market for Transportation, By Region, 20152023 (USD Million)
Table 20 Oil-Based Lubrication System Market for Construction, By Region, 20152023 (USD Million)
Table 21 Oil-Based Lubrication System Market for Agriculture, By Region, 20152023 (USD Million)
Table 22 Oil-Based Lubrication System Market for Mining, By Region, 20152023 (USD Million)
Table 23 Oil-Based Lubrication System Market for Power, By Region, 20152023 (USD Million)
Table 24 Market, By System Type, 20152023 (USD Million)
Table 25 Single-Line Lubrication System Market, By Region, 20152023 (USD Million)
Table 26 Dual-Line Lubrication System Market, By Region, 20152023 (USD Million)
Table 27 Multi-Line Lubrication System Market, By Region, 20152023 (USD Million)
Table 28 Series Progressive Lubrication System Market, By Region, 20152023 (USD Million)
Table 29 Circulating Oil Lubrication System Market, By Region, 20152023 (USD Million)
Table 30 Oil and Air Lubrication System Market, By Region, 20152023 (USD Million)
Table 31 Market, By Industry, 20152023 (USD Million)
Table 32 Market for Steel, By Lubrication Type, 20152023 (USD Million)
Table 33 Automatic Lubrication System Market for Steel, By Region, 20152023 (USD Million)
Table 34 Market for Manufacturing, By Lubrication Type, 20152023 (USD Million)
Table 35 Market for Manufacturing, By Region, 20152023 (USD Million)
Table 36 Market for Cement, By Lubrication Type, 20152023 (USD Million)
Table 37 Market for Cement, By Region, 20152023 (USD Million)
Table 38 Market for Paper & Printing, By Lubrication Type, 20152023 (USD Million)
Table 39 Market for Paper & Printing, By Region, 20152023 (USD Million)
Table 40 Market for Transportation, By Lubrication Type, 20152023 (USD Million)
Table 41 Market for Transportation, By Region, 20152023 (USD Million)
Table 42 Market for Construction, By Lubrication Type, 20152023 (USD Million)
Table 43 Market for Construction, By Region, 20152023 (USD Million)
Table 44 Market for Agriculture, By Lubrication Type, 20152023 (USD Million)
Table 45 Market for Agriculture, By Region, 20152023 (USD Million)
Table 46 Market for Mining, By Lubrication Type, 20152023 (USD Million)
Table 47 Market for Mining, By Region, 20152023 (USD Million)
Table 48 Market for Power, By Lubrication Type, 20152023 (USD Million)
Table 49 Market for Power, By Region, 20152023 (USD Million)
Table 50 Market, By Region, 20152023 (USD Million)
Table 51 Market in North America, By Country, 20152023 (USD Million)
Table 52 Market in North America, By Lubrication Type, 20152023 (USD Million)
Table 53 Market in North America, By Industry, 20152023 (USD Million)
Table 54 Market in Europe, By Country, 20152023 (USD Million)
Table 55 Market in Europe, By Lubrication Type, 20152023 (USD Million)
Table 56 Market in Europe, By Industry, 20152023 (USD Million)
Table 57 Market in APAC, By Country, 20152023 (USD Million)
Table 58 Market in APAC, By Lubrication Type, 20152023 (USD Million)
Table 59 Market in APAC, By Industry, 20152023 (USD Million)
Table 60 Market in RoW, By Region, 20152023 (USD Million)
Table 61 Market in RoW, By Lubrication Type, 20152023 (USD Million)
Table 62 Market in RoW, By Industry, 20152023 (USD Million)
Table 63 Ranking of Top 5 Players: Market (2017)
Table 64 Product Launches (20162018)
Table 65 Expansions (20162018)
Table 66 Acquisitions (20162018)
Table 67 Contracts (20162018)
List of Figures (53 Figures)
Figure 1 Automatic Lubrication System Market Segmentation
Figure 2 Market: Research Design
Figure 3 Bottom-Up Approach to Arrive at Market Size
Figure 4 Top-Down Approach to Arrive at Market Size
Figure 5 Data Triangulation
Figure 6 Assumptions for Research Study
Figure 7 Market Segmentation
Figure 8 Grease-Based Lubrication System to Hold Larger Size of Market Between 2018 and 2023
Figure 9 Multi-Line Automatic Lubrication System to Grow at Highest CAGR Between 2018 and 2023
Figure 10 Steel to Lead Market in Terms of Market Size in 2018
Figure 11 Europe to Hold Largest Share of Market in 2018
Figure 12 Attractive Opportunities for Market Growth Between 2018 and 2023
Figure 13 Oil-Based Lubrication System to Grow at Higher CAGR Between 2018 and 2023
Figure 14 Single-Line Automatic Lubrication System to Hold Largest Market Size During 20182023
Figure 15 Steel to Hold Largest Share of Market in 2018
Figure 16 US to Hold Largest Share of Market in 2018
Figure 17 Droc: Market (2018)
Figure 18 Major Value Added During Manufacturing and Assembly Stage
Figure 19 Market Segmentation, By Lubrication Type
Figure 20 Grease-Based Lubrication System to Lead Market in Terms of Market Size Between 2018 and 2023
Figure 21 Steel to Lead Grease-Based Lubrication System Market in Terms of Market Size During Forecast Period
Figure 22 Grease-Based Lubrication System Market for Paper & Printing to Grow at Highest CAGR in Europe During Forecast Period
Figure 23 APAC to Lead Grease-Based Lubrication System Market for Agriculture Between 2018 and 2023
Figure 24 North America to Lead Oil-Based Lubrication System Market for Manufacturing in Terms of Market Size Between 2018 and 2023
Figure 25 Oil-Based Lubrication System Market for Transportation to Grow at Highest CAGR in APAC During Forecast Period
Figure 26 Automatic Lubrication System Components
Figure 27 Market Segmentation, By System Type
Figure 28 Single-Line Lubrication System to Lead Market in Terms of Market Size During Forecast Period
Figure 29 Multi-Line Lubrication System Market to Grow at Highest CAGR in APAC Between 2018 and 2023
Figure 30 Europe to Lead Circulating Oil Lubrication System Market in Terms of Market Size in 2018
Figure 31 Market Segmentation, By Industry
Figure 32 Europe to Lead Market for Steel in Terms of Market Size Between 2018 and 2023
Figure 33 Oil-Based Lubrication System Market for Cement to Grow at Higher CAGR During Forecast Period
Figure 34 Europe to Lead Market for Paper & Printing Between 2018 and 2023
Figure 35 Oil-Based Lubrication System Market for Transportation to Grow at Higher CAGR During Forecast Period
Figure 36 Grease-Based Lubrication System to Lead The Overall Market for Agriculture Industry in Terms of Market Size During Forecast Period
Figure 37 Market for Mining to Grow at Highest CAGR in APAC Between 2018 and 2023
Figure 38 Market to Grow at Highest CAGR in India During Forecast Period
Figure 39 Europe to Lead Market in Terms of Market Size Between 2018 and 2023
Figure 40 Market Snapshot: North America
Figure 41 Oil-Based Lubrication System Market in North America to Grow at Higher CAGR Between 2018 and 2023
Figure 42 Market Snapshot: Europe
Figure 43 Market to Grow at Highest CAGR in UK During Forecast Period
Figure 44 Market Snapshot: APAC
Figure 45 Grease-Based Lubrication System to Lead Market in APAC in Terms of Market Size Between 2018 and 2023
Figure 46 Market in RoW
Figure 47 Market to Grow at Highest CAGR in Middle East During Forecast Period
Figure 48 Key Players in Market Adopted Product Launch as Key Growth Strategy Between 2016 and 2018
Figure 49 Market Evolution Framework: Product Launches Fueled Automatic Lubrication System Growth During 20162018
Figure 50 Product Launch Key Strategy Adopted Between 2016 and 2018
Figure 51 SKF: Company Snapshot
Figure 52 Graco: Company Snapshot
Figure 53 Timken: Company Snapshot
Growth opportunities and latent adjacency in Automatic Lubrication System Market