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The U.S.: One of the Largest Lubrication Systems Market is Predictable to Reach USD 780 Million by 2022, with Automobile Segment Accounting for a Substantial Market Share of the U.S. Lubrication Systems Market

Posted on Jun 11, 2015

Transparency Market Research has released a new market report titled Lubrication Systems - Global Industry Analysis, Size, Share, Growth Trends and Forecast, 2014 - 2022.

 

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 report defines and segments the 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 global lubrication systems market research study analyzes and estimates the market at the country level. The North America region has been further segmented into the U.S., Canada, and Mexico. Similarly, the market has been analyzed and estimated for countries such as Germany, Spain, India, France, China, the U.K., Japan and Italy.

 

In North America, the U.S. dominated the lubrication systems market in 2013. Increasing demand for lubrication systems from the growing hydrocarbons industry and new projects for the steel and cement industries provide significant opportunities to the market in the U.S. Automobile industry is anticipated to be the fastest growing end-user segment in North America during the forecast period.

 

Similarly, China dominated the lubrication systems market in Asia Pacific. Growing industrialization in the country to meet the increasing demand for various commodities is driving the lubrication systems market in the region. Infrastructure development in countries such as India and China has attracted investments in various steel and cement mills, further aiding the growth of lubrication systems market in the region.

 

Germany dominated the lubrication systems market in Europe. The shift of industrialization from Europe to emerging countries in Asia Pacific has reduced the demand for lubrication systems in the region. The lubrication systems market in Europe would witness the slowest growth rate during the forecast period. Mining and mineral processing industry holds approximately one-fourth market share of the lubrication systems market in Europe. Automated/centralized lubrication systems dominated the market in Europe in 2013.

 

The lubrication systems market research covers type, process, and end-user segments and provides region-wise data in terms of revenue. The report also provides historical data, detailed analysis, and statistically refined forecast (2014–2022) for the type, process, end-user, and geographical segments. On the basis of type, the report has been segmented into manual lubrication systems and automated/centralized lubrication systems. Automated/centralized lubrication systems have become more popular due to their benefits over manual lubrication systems. Manual lubrication systems are mostly used for domestic purposes such as for agricultural machines and local service centers for automobiles. End-users of lubrication systems include the cement industry, steel industry, paper industry, mining & mineral processing industry, and automobile industry. For industrial use, dry sump lubrication systems are very common. However, wet sump lubrication systems are used in more than 90% of the vehicles across the globe.

 

The research provides 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. 

 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

 

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