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Automatic Lubrication System - Global Market Trajectory & Analytics

  • ID: 4804441
  • Report
  • April 2021
  • Region: Global
  • 292 Pages
  • Global Industry Analysts, Inc
Global Automatic Lubrication System Market to Reach $963.3 Million by 2027

Amid the COVID-19 crisis, the global market for Automatic Lubrication System estimated at US$781.5 Million in the year 2020, is projected to reach a revised size of US$963.3 Million by 2027, growing at a CAGR of 3% over the period 2020-2027. Grease-based, one of the segments analyzed in the report, is projected to record 3.4% CAGR and reach US$715.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Oil-based segment is readjusted to a revised 2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $211.1 Million, While China is Forecast to Grow at 5.6% CAGR

The Automatic Lubrication System market in the U.S. is estimated at US$211.1 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$198.1 Million by the year 2027 trailing a CAGR of 5.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.

Select Competitors (Total 46 Featured):
  • ATS Electro-Lube Int'l Inc.
  • Baier + Koppel GmbH + Co. KG
  • Bijur Delimon International
  • Cenlub Systems
  • Dropsa SpA
  • Eugen WOERNER GmbH & Co. KG
  • Graco, Inc.
  • I.L.C. S.R.L.
  • Kluber Lubrication Munchen SE & Co. KG
  • Oil-Rite Corporation
  • Perma-Tec
  • Samoa Ltd.
  • Simatec AG
  • SKF Group
  • The Timken Company
Frequently Asked Questions about the Global Market for Automatic Lubrication System

What is the estimated value of the Global Market for Automatic Lubrication System?

The Global Market for Automatic Lubrication System was estimated to be valued at $781.5 Million in 2020.

What is the growth rate of the Global Market for Automatic Lubrication System?

The growth rate of the Global Market for Automatic Lubrication System is 3.0%, with an estimated value of $963.3 Million by 2027.

What is the forecasted size of the Global Market for Automatic Lubrication System?

The Global Market for Automatic Lubrication System is estimated to be worth $963.3 Million by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Automatic Lubrication System Market: Prelude
  • Grease-based Lubrication Systems: The Largest Segment
  • Single-line Lubrication System Leads Global ALS Market
  • Steel Industry Generates Significant Growth Opportunity for ALS Market
  • Impact of Covid-19 and a Looming Global Recession
  • Reducing Downtime, Increasing Worker Safety, Lowering Labor Costs and Ensuring Effective Lubrication: Major Factors Driving ALS Market
  • Growing Need to Improve Reliability of Equipment Propels ALS Market
  • Improving Productivity and Reducing Downtime with Fully Automatic ALS
  • With Automation of Processes Becoming Vital amidst the Shift towards Industry 4.0, Manufacturers Look to Adopt Automated Lubrication Systems
  • Exhibit 1: Global Industry 4.0 Market Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • High Significance of ALS for Construction Equipment
  • Automatic Greasing Systems Find Increasing Adoption in Construction Industry
  • Pharmaceutical Manufacturing Machinery: ALS Aids in Enhancing Performance and Reducing Costs
  • Strict Environmental Conditions for Maintenance of Food and Beverage Equipment Pushes Demand for Automatic Lubrication Systems
  • ALS for Vehicle Fleet: Advantages of Increased Uptime, Extended Components Life and Lower Operating Costs
  • Need for Effective Lubrication Drives Demand for ALS in Metals Industry
  • Need for Equipment Reliability Drives Adoption of ALS in Cement Plants
  • Steel Industry: Inconvenience of Manual Lubrication Drives Focus onto Automatic Lubrication Systems
  • Improving Farm Machinery Productivity with ALS
  • Machine Tools Industry Benefits from the Promise of Enhanced System Reliability of ALS Systems
  • Pulp and Paper Industry: Need for Efficient Maintenance Methods Augurs Well for ALS Market
  • ALS for Wind Energy Systems Designed to Reduce Friction and Prevent Contamination
  • Automated Lubrication Systems for Bearings: An Overview
  • Integration of Remote Monitoring in Automatic Lubrication Systems Supports Growth
  • Innovations in ALS Fuels Market Growth
  • PRODUCT OVERVIEW
  • Automatic Lubrication System
  • Automatic Lubrication System VS Conventional Lubrication System

III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown