Global Lubrication Equipment Market Size, Share, and COVID-19 Impact Analysis, By Type (Greasing Equipment, Oiling Equipment, Hose Reels, Waste Oil Handling, Specialty Pumps, Drum Handling, Airline Accessories, and Consumables), By Application (Manual and Automatic), By End User (Residential, Commercial, and Industrial), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032

Global Lubrication Equipment Market Insights Forecasts to 2032

• The Global Lubrication Equipment Market Size was valued at USD 28 Million in 2022.
• The Global Lubrication Equipment Market Size is growing at a CAGR of 5.54% from 2022 to 2032.
• The worldwide Lubrication Equipment Market Size is expected to reach USD 48 Million by 2032.
• Asia Pacific is expected to grow the fastest during the forecast period.

The Global Lubrication Equipment Market Size is expected to reach USD 48 million by 2032, at a CAGR of 5.54% during the forecast period 2022 to 2032.

Market Overview

Lubrication tools and equipment are specialized tools used to lubricate surfaces and various sections of machinery for them to run smoothly. Lubricants are primarily used to generate a layer of friction protection that aids in the reduction of metal corrosion. It also reduces the temperature rise caused by friction and improves the machine's overall efficiency. In addition. grease guns, oilers, grease pumps, hose reels, airline attachments, and drum handling are some of the most regularly used lubrication instruments on the market. The global market for lubricating tools and equipment is predicted to grow due to the items' widespread use in different industrial equipment and machinery. Lubricants are primarily used to provide a layer of friction protection that aids in the reduction of metal corrosion. It also reduces the temperature rise caused by friction and boosts the machine's overall efficiency. Lubrication equipment is used to manage and disperse the needed quantity of lubricants on devices such as gears, cables, pumps, and chains. Lubrication benefits include lowering the wear of moving components, reducing friction, absorbing shock, managing operating temperature, preventing corrosion, and sealing the component to protect it from pollutants.

Report Coverage

This research report categorizes the global lubrication equipment market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global lubrication equipment market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global lubrication equipment market. Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market.

Driving Factors

Lubricant demand is expanding rapidly due to the increased use of industrial and automotive machines. The industrial sector's expansion is likely to increase demand for lubricating equipment in the future years. Also, the desire to cut energy expenditures while also minimizing environmental effects is driving up demand for energy-efficient equipment. Lubrication equipment is meant to increase the efficiency of machinery, which drives the need for lubrication equipment. Moreover, the ability of centralized lubrication systems to minimize maintenance costs and increase overall machinery efficiency is growing demand for them. Furthermore, Increased investment in research & development is projected to boost the lubricating equipment market in the coming years. The development of new and innovative lubricating equipment is projected to open up new potential for the industry.

Restraining Factors

The factors limiting the demand and usage of this equipment are inadequate heat dissipation, poor self-healing characteristics, and limited storage and service life.

Market Segmentation

• In 2022, the greasing equipment segment is influencing the largest market share during the forecast period.

On the Type, the global lubrication equipment market is bifurcated into different segments such as greasing equipment, oiling equipment, hose reels, waste oil handling, specialty pumps, drum handling, airline accessories, and consumables. Among these segments, the greasing equipment segment is expected to have significant development potential during the forecast period. Greasing equipment for industrial maintenance workshops, agricultural, public works, trucks, and cars includes grease pumps suitable for grease distribution in pipe works & installations where simultaneous grease supply on different distributing points at high pressure or in large volume is required; grease guns (manual, pneumatic, and electric), which is one of the most common tools in manufacturing plant; push pumps, and various grease dispensers capable of applying the molybdenum; and molybdenum-containing grease.

• In 2022, the automatic segment is dominating the market with the largest market share during the forecast period.

Based on the application, the global lubrication equipment market is segmented into various types such as manual and automatic. Among these segments, the automatic segment is dominating the market with the largest revenue share during the forecast period. Automatic lubrication equipment is often utilized as part of a permanent or centralized lubrication system. There are several advantages to employing automated lubrication systems. These include less waste and the chance of bearing failure, cleanliness, less labor, and increased environmental health and safety. Simply employing automation does not ensure success. Automotive, food and beverage, mining, printing, packing, steel, paper, and industrial machining are all industries that benefit from lubricating systems. Technology must be regarded as a tool for achieving a purpose.

• In 2022, the industrial segment is influencing the market with the largest market share during the forecast period.

On the basis of end users, the global lubrication equipment market is divided into residential, commercial, and industrial. Among these segments, the industrial segment is dominating the market with the largest revenue share during the forecast period. Lubrication equipment is used in the industrial sector for several functions, including decreasing friction, preventing wear and tear, dispersing heat, and safeguarding key components. Proper lubrication is critical for preserving the efficiency, dependability, and lifespan of industrial machinery, which frequently operates in harsh environments.

Regional Segment Analysis of the Lubrication Equipment Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America influenced the market with the largest market share over the forecast period

North America is influencing significant market growth over the forecast period because of the rising commercial and industrial sectors, as well as the "Do It Yourself" movement in the residential sector. During the projected period, the residential sector is likely to fuel market expansion.

Asia Pacific is expected to experience high revenue market growth during the forecast period owing the growth of the region's lubricating equipment industry. Furthermore, the inclusion of the Internet of Things (IoT) into manufacturing facilities is projected to fuel the Asia Pacific lubricating systems market.

Competitive Analysis

The report offers the appropriate analysis of the key organizations/companies involved within the global lubrication equipment market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Industrial Innovations, Inc.
• Lubrication Technologies, Inc.
• LSP Industries, Inc.
• LDI Industries, Inc.
• Howard Marten Company, Ltd.
• Graco Inc.
• Egmech Industry Co., Ltd.
• Taiwan Lube-Up Co., Ltd.
• American Lubrication Equipment Corporation
• Arnold Oil Company

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2022 to 2032. Spherical Insights has segmented the Global Lubrication Equipment Market based on the below-mentioned segments:

Global Lubrication Equipment Market, By Type

• Greasing Equipment
• Oiling Equipment
• Hose Reels
• Waste Oil Handling
• Specialty Pumps
• Drum Handling
• Airline Accessories
• Consumables

Global Lubrication Equipment Market, By Application

• Manual 
• Automatic

Global Lubrication Equipment Market, By Sample

• Blood

• Urine

Global Lubrication Equipment Market, By End User

• Veterinary Hospitals & Clinics
• Diagnostic Labs
• Home Care Settings
• Other End-User

Lubrication Equipment Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico

• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa