Lubrication Tools & Equipment: Introduction
- Lubrication tools & equipment are specialized tools used for the lubrication of surfaces and different parts of machines to make them run smoothly. The primary use of lubricants is to create a layer of protection against friction that helps reduce corrosion of metal. It also controls the temperature rise due to friction and also increases the overall efficiency of the machine.
- Some commonly used lubrication tools in the market are grease gun, oilers, grease pumps, hose reels, airline accessories, and drum handling. The global market for lubrication tools & equipment is expected to expand due to extensive usage of the products in various industrial equipment and machineries.
Key Drivers and Opportunities of the Global Lubrication Tools & Equipment Market
- The lubrication process is one of the most crucial aspects of a reliability program for rotating equipment commonly used in every manufacturing, industrial, and packaging industry. Machine reliability can increase significantly, reducing the maintenance cost of these machines and help them to run smoothly to produce the maximum output.
- Most people believe lubrication makes the parts slippery but in reality, lubricants are substances that play an important part in bearing and machinery functions and so do the types of equipment used for lubrication.
- Reducing the wear of moving parts, reducing friction, absorbing shock, controlling operations temperature, minimizing corrosion, and sealing the component to protect them from any contaminants are some of the benefits of the lubrication process.
- Lubrication tools are crucial in the functioning of machinery. Manufacturers are performing extensive research in the development of these products. Optimization of these appliances will help the machine to deliver the best performance and thus a better output.
- An alternative of lubrication tools is high pressured fluid hoses. However, based on product availability in the market and the user friendly character of the lubrication equipment, they are always preferred as the first choice. Also, the price difference is rather significant when compared to the direct high pressurized fluid hoses. Thus, it can be concluded that the market for lubrication tools and equipment is likely to have a positive outlook during the forecast period.
North America to Hold Major Share of the Global Lubrication Tools & Equipment Market
- Geographically, the global lubrication tools & equipment market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- North America is expected to dominate the global market due to a growing commercial and industrial sector coupled with the “Do it Yourself” trend in the residential sector. The residential segment is expected to fuel the growth of the market during the forecast period. North America and Europe are however expected to experience steady growth due to market maturity, while Asia Pacific and South America are likely to expand at a higher rate due to various developing nations in the regions.
Key Players Operating in the Global Market
Major players operating in the global lubrication tools & equipment market include:
- ABM Tools
- Alemite Lubrication
- Dutton-Lainson Company
- Fast Fill Systems
- Groz Engineering Tools (P) Ltd.
- Lincoln Industrial Corp
- SKF Lubrication Solutions
Global Lubrication Tools & Equipment Market: Research Scope
Global Lubrication Tools & Equipment Market, by Product Type
- Greasing Equipment
- Oiling Equipment
- Hose Reels
- Waste Oil Handling
- Specialty Pumps
- Drum Handling
- Airline Accessories
Global Lubrication Tools & Equipment Market, by Pressure
Global Lubrication Tools & Equipment Market, by Application
Global Lubrication Tools & Equipment Market, by Distribution Channel
Global Lubrication Tools & Equipment Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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