Growth Of Lubrication Systems Market 2014 – 2022

Leading market analysis and intelligence firm Transparency Market Research (TMR) has announced the release of a new market study, detailing the global lubrication systems market and its key end users. The report utilizes primary and secondary research to elaborate upon key statistics regarding the global lubrication systems market. According to the analysis presented in the study, the global lubrication systems market is expected to grow by close to a billion, rising from a valuation of US$4,367.1 million in 2013 to an expected US$5,281.1 million in 2022. This represents growth for the market at a solid CAGR of 2.14% between 2014 and 2022.

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The major companies operating in the global lubricants market, the major end users of lubrication systems, and the dynamics in the value chain of the global lubricants market are explained in the report, titled ‘Lubrication Systems Market – Global Industry Analysis, Size, Share, Growth Trends and Forecast 2014 – 2022’.The growing demand for automated lubrication systems is expected to dominate the trajectory of the global lubrication systems market. The superior convenience of automated lubrication systems over manual lubrication, particularly in industries where lubrication can be a risky process, is responsible for the high demand for automated lubrication systems. Automated lubrication systems also bring about greater precision as well as uniform distribution in the lubrication process. Small-scale service centers and agricultural machinery are the major end users of manual lubrication systems, due to the low amount of risk in these operations.

The automotive industry is expected to be a major revenue generator for the global lubrication systems market in the 2014-2022 forecast period. The automotive industry’s demand for lubrication systems mainly constitutes of wet sump lubrication systems, whereas other end-use industries such as cement and steel make use of dry sump lubrication. The lower cost of wet sump lubrication systems helps its widespread usage in passenger cars as well as other vehicle types around the world. However, the mining and mineral processing industry is expected to be the leading end user of lubrication systems in the forecast period. Other major end user segments of the global lubrication systems market include the railway, paper, marine, and hydrocarbon industries.

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The report presents historical, current, and projected future data for all these segments, helping create a comprehensive picture of the global lubrication systems market. The report also segments the global market geographically, examining the condition of the lubrication systems market in North America, Europe, Asia Pacific, and Rest of the World.

Apart from the market’s driving and restraining factors, the report examines major companies in the global lubrication systems market in order to provide a 360-degree overview of the market’s competitive landscape. Market players profiled in the report include Cenlub Industries Ltd., Castrol-Lubecon, Bijur Delimon, Graco Inc., Lube Corporation, Zemarc Corporation, PetroChoice, Sloan Lubrication Systems, Groeneveld Groep B.V.

Browse Press Release Of Lubrication Systems Market http://www.transparencymarketresearch.com/pressrelease/lubrication-systems-market.htm

The global lubrication systems market is 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
  • Europe
  • Asia Pacific
  • Rest of the World

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