What is Automatic Lubrication System Market?
The automatic lubrication system, also known as a centralized lubrication system, is a system that delivers controlled amounts of lubricant to multiple locations on a machine while the machine is operating. The components of machine-like bearings, gears, pins and bushes needs lubrication. It is a labor and money-saving solution. The automatic lubrication system can save on the amount of lubricant used, eliminate downtime caused by improper lubrication and can increase safety at work facility. This system can be classified into two different categories including the oil system and grease system.
The market study is being classified by Type (Automatic Grease Lubrication System and Automatic Oil Lubrication System), by Application (Mining, Mineral Processing Industry, Construction Industry, Automotive Industry and Others) and major geographies with country level break-up.
S.V.A Rikkon Lubes Private Limited (India), AB SKF (Sweden), Groeneveld Group (Netherlands), Graco (United States), Klüber Lubrication (Germany), Pricol Ltd (India), Timken Company (United States), Industrial Automation (United States), ATLANTA Drive Systems, Inc. (United States) and ATS Electro-Lube International Inc. (Canada) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Dropco Multilub Systems Private Limited (India), Dropsa (United States) and FLO Components Ltd. (Canada).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Automatic Lubrication System market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Automatic Lubrication System market by Type, Application and Region.
On the basis of geography, the market of Automatic Lubrication System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Labor Cost Creates Demand for Automatic Lubrication System
- Increasing Awareness about the Safety of the Workers at the Work Place
Market Trend
- Use of Remote Monitoring Process with Automatic Lubrication Systems
Restraints
- Improper Lubricant Selection for Lubrication System
Opportunities
- Growing Demand for Automatic Lubrication System
- Technological Development in Product and Technology
Challenges
- Lack of Awareness in Developing Countries
Recently, Graco Inc., a leading manufacturer of fluid handling equipment, announced the launch of its Electric Grease Jockey automatic lubrication system. and On 4th April 2019, Groeneveld Launched Innovative Modular Lubrication Systems for Off-highway Vehicles.
Key Target Audience
Automatic Lubrication System Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user