(MENAFN- Zion Market Research) Zion Market Research has published a new report titled 'Automatic Lubrication System Market by Lubrication Type (Grease-Based Lubrication System and Oil-Based Lubrication System), by Component (Controller, Pump, Supply Line, Metering Valve, and Feed Line), by System Type (Single-Line, Dual-Line, Multi-Line, Series Progressive, Circulating Oil, and Oil and Air Lubrication System), and by End-User Industry (Steel, Manufacturing, Cement, Paper & Printing, Transportation, Construction, Agriculture, Mining, and Power): Global Industry Perspective, Comprehensive Analysis, and Forecast, 20182025. According to the report, the global automatic lubrication system market was valued at USD 773 million in 2018 and is expected to reach USD 1,052 million by 2025, at a CAGR of 4.5% between 2019 and 2025.
The automatic lubrication system is a device used to supply lubricants in different parts of a machine during its operation. Automatic lubrication system reduces labor cost, improves machine's efficiency, and enhances its performance. These systems are widely used in several industries, such as steel, cement, construction, paper & printing, mining, agriculture, etc.
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Browse the full'Automatic Lubrication System Market by Lubrication Type (Grease-Based Lubrication System and Oil-Based Lubrication System), by Component (Controller, Pump, Supply Line, Metering Valve, and Feed Line), by System Type (Single-Line, Dual-Line, Multi-Line, Series Progressive, Circulating Oil, and Oil and Air Lubrication System), and by End-User Industry (Steel, Manufacturing, Cement, Paper & Printing, Transportation, Construction, Agriculture, Mining, and Power): Global Industry Perspective, Comprehensive Analysis, and Forecast, 20182025Report at https://www.zionmarketresearch.com/report/automatic-lubrication-system-market
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.
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. The grease-based lubrication system is expected to contribute a significant share to the global automatic lubrication system market. This can be attributed to these systems being the preferred choice of manufacturing companies, as grease remains on the surface of machine parts, whereas, oil may drain from the surface of machine parts. Grease-based lubricants are perfect for heavy-duty applications in various industries, such as construction, agriculture, manufacturing, mining, transportation, and power. 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.
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.
Some key players operating in the global automatic lubrication system market are 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, and 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 Industry Analysis
- Construction
- Steel
- Cement
- Manufacturing
- Paper & Printing
- Agriculture
- Transportation
- Mining
- Power
Global Automatic Lubrication System Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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