Global Lubrication Systems Market Estimated to Reach US$ 4,808 Million by 2026 | Transparency Market Research

Lubrication Systems Market – Snapshot

Use of a lubrication system for a particular application depends on various factors such as frequency of lubrication, the number of lubrication points, and operating expenses incurred for manual labor. Large plants such as cement plants, steel plants, and paper mills primarily employ central or automatic lubrication systems, as the number of lubrication points in these plants is high. This reduces the time taken to lubricate several machines. It also eliminates any errors caused by manual lubrication.

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Increase in demand for lubrication systems in mineral and metal processing industries

Rise in population, growth of economy, and increase in urbanization have created high demand for minerals and metals. Among metals, copper ranks third (after steel and aluminum), in terms of consumption. Currently, aluminum is the second-most used metal in the world (after steel) and the third-most available element on the earth, constituting almost 7.3% by mass. The global minerals industry has expanded significantly over the last few years. Lubrication systems are widely used in metal and mineral processing industries, as various types of equipment are subjected to extreme heavy load, high speed, high temperature, or dusty and polluted environment. Also, the positive outlook for end-user industries is expected to augment the demand for lubrication systems in the near future.

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Cement plants and steel industry key end-users of lubrication systems

In 2017, the steel industry segment constituted more than 20% share of global lubrication systems market. In the steel industry, lubrication is required at every step across the entire delivery chain. Effective lubrication is required for both upstream and downstream processes. The profitability of cement plants is directly related to equipment reliability. For reliable operations in a cement plant, frequent greasing and lubrication is required so as to prevent the entry of contaminants into bearings. Some of the systems and components in the cement industry that require lubrication are conveyors, crushers, ventilation systems, mixing beds, rotator kilns, mills, motors, and pumps. Use of a proper lubrication system is a necessity of a cement plant, as component points are exposed to extreme conditions such as high loads, high temperature, vibrations, shock loads, and contaminants.

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Highly competitive market with a few dominant players

The global lubrication systems market is highly competitive, with a few players dominating the market. Key players operating in the market are Graco Inc., Bijur Delimon, Cenlub Systems, SKF, Shaan Lube Equipment Pvt. Ltd., Southern Lubrication (Pvt) Ltd., S.V.A. Rikkon Lubes Private Limited, Pricol Limited, AFMC LUBRICATION PVT LTD, Systematrix Engineering Service, Lubrite Industries, LUBE Corporation, KRS Multilub Pvt. Ltd., BEKAWORLD, Beka-Lube Products Inc., Dropco Multilub Systems Private Limited, Groeneveld Group, and I.L.C. S.r.l.

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