Global Lubrication Systems Industry

Global Lubrication Systems Industry

  • September 2020 •
  • 288 pages •
  • Report ID: 5961023 •
  • Format: PDF
Global Lubrication Systems Market to Reach $950.6 Million by 2027

Amid the COVID-19 crisis, the global market for Lubrication Systems estimated at US$777.1 Million in the year 2020, is projected to reach a revised size of US$950.6 Million by 2027, growing at aCAGR of 2.9% over the period 2020-2027. Manual Lubrication Systems, one of the segments analyzed in the report, is projected to record 2.9% CAGR and reach US$346 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Automated/Centralized Lubrication Systems segment is readjusted to a revised 2.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $210 Million, While China is Forecast to Grow at 5.4% CAGR

The Lubrication Systems market in the U.S. is estimated at US$210 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$192.9 Million by the year 2027 trailing a CAGR of 5.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.We bring years of research experience to this 6th edition of our report. The 288-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Alemite LLC, a SKF Group Brand
  • Ambi-Lube SA
  • Andantex USA, Inc.
  • ATS Electro-Lube Int’l Inc.
  • BEKA-Lube GmbH
  • Bijur Delimon International
  • Cenlub Systems
  • Graco, Inc.
  • Groeneveld Lubrication Solutions
  • Kluber Lubrication India Private Limited
  • Samoa Ltd.
  • SKF Group
  • The Timken Company