Lubrication Systems Market - Overview
Lubricants are essential for proper functioning of any machinery used in an application. Lubricants are used to reduce friction between two moving surfaces. A lubrication system does not eradicate friction from the machinery. Friction is required for transfer of power from one part to another. A lubrication system is employed to lower the wear and tear in the operating machinery.
Advancements in technology have led to development of several controlling and monitoring systems, which assist in proper lubrication of various machineries or units. These systems are further enhancing the reliability and performance of lubrication systems by providing lubrication at proper intervals and in correct quantities. Several methods and processes are employed to lubricate a machine. Lubrication can be carried out by using manual lubrication systems or centralized/automatic lubrication systems.
This report analyzes and forecasts the lubrication systems market at the global and regional levels. The market has been forecast based on revenue (US$ Mn) from 2017 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global lubrication systems market. It also covers the expected impact of these drivers and restraints on the demand for lubrication systems during the forecast period. The report also highlights growth opportunities for the lubrication systems market at the global and regional levels.
The report includes detailed value chain analysis, which provides a comprehensive view of the global lubrication systems market. The Porter’s Five Forces model for the lubrication systems market has also been included to help understand the competitive landscape. The study encompasses market attractiveness analysis, wherein type, process, and application segments have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global lubrication systems market by segmenting it in terms of type, application, process, and region/country. In terms of type, the market has been classified into manual lubrication systems and automatic lubrication systems. The automatic lubrication systems segment has been sub-segmented into: single-line lubrication systems, dual-line lubrication systems, multi-line lubrication systems, series progressive, circulating oil, and oil & air. In terms of application, the global lubrication systems market has been categorized into cement plants, steel industry, mining & mineral processing, paper & printing, automotive, industrial machine & machine tools, and construction machines. In terms of process, the market has been segregated into dry sump lubrication and wet sump lubrication. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for lubrication systems in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides the actual size of the lubrication systems market for 2017 and the estimated size for 2018 with forecast for the next nine years. The global lubrication systems market has been provided in terms of revenue. Market numbers have been estimated based on type, process, and application segments of the lubrication systems market. Market size has been provided for the global, regional, and country-level markets.
The report comprises profiles of major companies operating in the global lubrication systems market. Key players operating in the global market are Graco Inc., Bijur Delimon, Cenlub Systems, SKF, Shaan Lube Equipment Pvt. Ltd., Southern Lubrication (Pvt.) Ltd., S.V.A. Rikkon Lubes Private Limited, Pricol Limited, AFMC LUBRICATION PVT LTD, Systematrix Engineering Service, Lubrite Industries, LUBE Corporation, KRS Multilub Pvt. Ltd., BEKAWORLD, Beka-Lube Products Inc., Dropco Multilub Systems Private Limited, Groeneveld Group, and I.L.C. S.r.l. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The global lubrication systems market has been segmented as follows:
Global Lubrication Systems Market, by Type
Global Lubrication Systems Market, by Application
Global Lubrication Systems Market, by Process
Global Lubrication Systems Market, by Region
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