Transparency Market Research has released a new market research report titled Lubrication Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022. According to the report, the global lubrication systems market stood 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.
Asia Pacific dominated the global lubrication systems market in 2013. The high market share can be attributed to the increasing industrialization in the region. Infrastructure development and increasing disposable incomes in Asia Pacific have made it one of the major consumers of products such as cement, steel, and automobiles across the globe. Hence, the presence of manufacturing companies in the region is rising substantially. This has increased the demand for lubrication systems in the region. Countries such as China and India are investing significant amounts on infrastructure development.
Demand for lubrication systems in North America is rising due to the growth of hydrocarbons industry. Apart from the hydrocarbons industry, the mining & mineral processing industry and the automobile industry are also growing in the region, thus generating demand for lubrication systems. The lubrication systems market in Europe is growing at a dawdling pace.
Rest of the World (RoW), which consists of the Middle East, Africa, and Latin America, is the least attractive region for the global lubrication systems market. Lack of industrialization in the region is hampering the demand for lubrication systems in the region. Political instability in various countries has resulted in low investments for industrialization in RoW. However, the growing mining & mineral processing industry in RoW is driving the lubrication systems market in the region.
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 report also provides historical data, detailed analysis, and statistically refined forecast (2014–2022) for the type, process, end-user, and geographical segments.
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 https://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
- Rest of Europe
- Rest of Asia Pacific
- Rest of the World (RoW)
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