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Lubrication Systems Market : Mining & Mineral Processing Industry Dominated the Global Lubrication Systems Industry
Transparency Market Research has released a new market report titled Lubrication Systems Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast, 2014 - 2022.
Published 10 September 2015
The report defines and segments the global lubrication systems market, providing analysis and forecast of the global revenue. According to the report, the global lubrication systems market was valued at USD 4,367.10 million in 2013 and is likely to reach USD 5,281.16 million by 2022, expanding at a CAGR of 2.14% between 2014 and 2022.
The research study analyzes and estimates the market size in terms of market revenue (USD Million). The report covers type, process, and end-user segments and provides region-wise data in terms of revenue. The global lubrication systems market has been segmented on the basis of type into manual lubrication systems and automated/centralized lubrication systems. Automated/Centralized lubrication systems dominated the global lubrication systems market in 2013 owing to various factors such as reliability and proper lubrication. Manual lubrication systems are mostly used for domestic purpose such as in local service stations and in agricultural machines. The market share of manual lubrication systems is expected to decline during the forecast period.
On the basis of process, the lubrication systems market has been segmented into dry sump lubrication and wet sump lubrication. Dry sump lubrication systems are mostly used in applications wherein various machines are to be lubricated using a single automated/centralized lubrication system. Industries such as cement, steel, and hydrocarbons use dry sump lubrication. Wet sump lubrication is mostly used by the automobile industry. More than 92% of the vehicles across the globe use wet sump lubrication.
End-users of lubrication systems include the cement industry, steel industry, paper industry, mining & mineral processing industry, automobile industry, and other industries. In 2013, the lubrication systems market was dominated by the other industries segment, which includes the marine, railway, and paper industries. The mining & mineral processing industry segment is expected to exhibit the fastest growth rate during the forecast period.
Browse the full Lubrication Systems Market By End-user (Cement Industry, Steel Industry, Mining & Mineral Processing Industry, Automobile Industry and Other Industries) - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2014 - 2022 report at http://www.transparencymarketresearch.com/lubrication-systems-market.html
The research covers a comprehensive analysis of key players operating in the lubrication systems market. Key participants in the global lubrication systems market include Graco Inc., Lube Corporation, Groeneveld Groep B.V., SKF AB, Bijur Delimon, Castrol-Lubecon, Changzhou Huali Hydraulic Lubrication Equipment Co., Ltd., Changhua Chen Ying Oil Machine Co., Ltd., Equipment Technology Services, and Sloan Lubrication Systems. The company profiles cover lubrication system manufacturers and distribution companies. This report provides an overview of these companies, followed by their financial revenues (on availability), business strategies, and recent developments. The lubrication systems market has been segmented as follows:
Global Lubrication Systems Market: Type Analysis
- Manual Lubrication Systems
- Automated/Centralized Lubrication Systems
Global Lubrication Systems Market: Process Analysis
- Dry Sump Lubrication
- Wet Sump Lubrication
Global Lubrication Systems Market: End-user Analysis
- Cement Industry
- Steel Industry
- Mining & Mineral Processing Industry
- Automobile Industry
- Other Industries
Global Lubrication Systems Market: Regional Analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Spain
- Italy
- France
- U.K.
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Rest of the World (RoW)
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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