Lubrication Systems Market -Global Industry Analysis by End-user,Trends,and Forecast 2014 - 2022
Albany,USA, December 4, 2015 (Newswire.com) - Report Description
The lubrication systems market report by Transparency Market Research provides in-depth analysis of the global lubrication systems industry. The report segments the market on the basis of type, process, end-user, and geography, followed by country-wise analysis. It also provides the forecast and estimates for each type, process, end-user, and geography. The market share of various segments in the report reflects the revenue generated by the sale of lubrication systems. For this research study, the base year is 2013, while the forecast is for the period 2014–2022. Market data for all segments has been provided on regional level for the period 2013–2022.
The lubrication systems market has been segmented into five broad categories on the basis of end-users, namely the cement industry, steel industry, mining & mineral processing industry, automobile industry, and other industries. The other industries segment dominated the global lubrication systems market in 2013. The segment accounted for more than 25% of the global market share. The dominance of the other industries segment is attributed to high demand for lubrication systems from industries such as locomotive, marine, aviation and others. The mining & mineral industry segment accounted for more than 20% of the global lubrication systems market. The segment is growing due to the rising demand for minerals and increasing investments in China and Africa. The automobile industry segment is expected to grow during the forecast period owing to the increasing demand for passenger cars in developing countries.
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Lubricants are essential for proper functioning of any machinery. Lubricants are primarily used to reduce friction between two moving surfaces, which are in contact with each other. Other functions of lubricants are minimizing heat produced as a result of friction between moving parts, corrosion prevention, contaminants removal, and protection against wear. A lubrication system is used to provide proper lubrication to a machine in an industry or a vehicle. The lubrication system for any plant or machinery works in line with the lubrication plan.
Scope
The lubrication systems market was analyzed across four geographies: Europe, North America, Asia Pacific, and Rest of the World (RoW). Europe, North America, and Asia Pacific were further segmented and analyzed country-wise. Some of the countries mentioned in the report are the U.S., Canada, China, Japan, India, France, and Germany. Asia Pacific is anticipated to dominate the global lubrication systems market during the forecast period. Asia Pacific accounted for more than 28% of the global lubrication systems market in 2013. RoW was the least attractive segment for lubrication systems market in 2013.
Key Players
The global lubrication system market is very fragmented in nature, with the majority of market share captured by various small players. Some of the key players in the lubrication systems market include Graco Inc., Lube Corporation, Groeneveld Groep B.V., SKF AB, Bijur Delimon and Sloan Lubrication Systems.
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