Battery Operated Grease Gun Global Market Report 2024

The battery operated grease gun market size has grown strongly in recent years. It will grow from $1.18 billion in 2023 to $1.26 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth observed during the historical period can be ascribed to several factors, including the prevalence of traditional manual grease application methods, increased industrial growth, heightened usage of machinery in various sectors, maintenance requirements in the automotive and manufacturing industries, the initial adoption of power tools, and a growing awareness of the importance of equipment lubrication.

The battery operated grease gun market size is expected to see strong growth in the next few years. It will grow to $1.6 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The anticipated growth in the forecast period can be attributed to several key factors, including a rising demand for efficient maintenance tools, sustained growth in the manufacturing and automotive industries, the adoption of battery-operated tools for enhanced convenience, a heightened emphasis on preventive maintenance practices, and the expansion of the aftermarket for maintenance tools. Major trends expected in the forecast period encompass the integration of smart technology in grease gun design, the development of high-capacity and fast-charging batteries, an increased demand for eco-friendly lubrication solutions, the provision of customization options to meet diverse industrial needs, and a growing adoption of ergonomic and user-friendly designs in grease gun manufacturing.

The burgeoning demand for construction activities is poised to act as a significant catalyst propelling the expansion of the battery-operated grease gun market. Construction activities encompass a broad spectrum, involving the creation of new structures, refurbishment, or maintenance of existing systems, thereby sustaining functionality and safety across buildings, infrastructure, and various facilities. Grease guns, commonly employed within the construction sector, play a pivotal role in applying lubricants to diverse components such as bearings, joints, hinges, and fasteners in machinery, equipment, and structures. This application ensures smooth operation, minimizes wear and tear, and prolongs the lifespan of these assets. For instance, as per a 2022 report from the Bureau of Economic Analysis (BEA), the US construction industry witnessed substantial growth, expanding from $1.916 trillion in the first quarter of 2021 to $2.016 trillion in the first quarter of 2022. This surge in construction endeavors directly fuels the escalating demand for battery-operated grease guns.

The upward trajectory of industrialization is anticipated to serve as a driving force behind the expansion of the battery-operated grease gun market. Industrialization denotes the socioeconomic transformation witnessed as economies transition from agricultural and manual labor reliance to a focus on manufacturing and mechanized industry. Battery-operated grease guns, renowned for their convenience, efficiency, and user-friendliness, hold versatile applications across multiple industries. For instance, data released in February 2022 by The Federal Reserve System suggests a projected 0.3 percent rise in manufacturing capacity for 2022, following a marginal 0.1 percent uptick observed in 2021. Moreover, electric and natural gas utilities are forecasted to experience a 2.4 percent growth in capacity for 2022, slightly lower than the 2.6 percent expansion recorded in 2021. This surge in industrial activities directly contributes to the escalating demand for battery-operated grease guns.

There is a notable trend toward product innovation in the battery-operated grease gun market, with leading companies strategically launching new offerings to fortify their market presence. For instance, SKF, a Swedish firm specializing in bearings and seals, introduced the Alemite 20V battery-operated grease gun in June 2023. Tailored for manual lubrication tasks within industrial settings, the Alemite 20V Lithium-ion Series 598/599 represents a fresh line of grease guns engineered for convenience, superior performance, and unwavering reliability. These guns boast a thoughtful design that streamlines lubrication processes, catering to industrial applications by offering lightweight, ergonomic features for ease of use and optimal functionality. SKF aims to furnish industry professionals with a dependable and efficient solution for their lubrication requirements through this innovative product.

Prominent enterprises in the battery-operated grease gun sector are directing their efforts toward pioneering advancements, notably exemplified by the development of cordless grease guns. These handheld, portable tools are purpose-built for lubricating a wide array of mechanical components across industrial, automotive, and diverse applications. Notably, in May 2021, Makita U.S.A., Inc., a US-based company renowned for innovative cordless power tools, unveiled the '18V LXT Grease Gun (XPG01)'. Boasting a maximum flow rate of 10 ounces per minute to bolster work efficiency, this cordless grease gun is especially well-suited for fleet, farm, and construction equipment, delivering a robust maximum pressure of 10,000 PSI.

In January 2022, Hopkins Manufacturing Corporation, a US-based specialist in towing products, completed the acquisition of Lumax LLC for an undisclosed sum. This strategic move has significantly bolstered Hopkins' standing within the fluid management products market, amplifying its product portfolio, broadening its market footprint, and unlocking avenues for both innovation and expansion. Lumax LLC, the acquired entity, is recognized for its expertise in producing battery-operated and cordless grease guns, thereby contributing valuable offerings to Hopkins' product lineup.

Major companies operating in the battery operated grease gun market report are Wilmar Corporation, Makita Corporation, Ingersoll-Rand Ltd., Lincoln Electric Co., Graco Inc., Milwaukee Electric Tool Corp., Trico Corporation, Samson Corporation, Groz Engineering Tools Pvt. Ltd., Ryobi Ltd., SKF Group, Beta Tools Pvt. Ltd., Lumax Industries Ltd., Plews & Edelmann Co., Legacy Manufacturing Co., Pressol Schmiergeräte GmbH, Macnaught Pty Ltd., Omega Lift Services Ltd., Ampro Tools Pte Ltd., Alemite LLC, ARES Tool, LockNLube, Powerbuilt Tools, LiquiDynamics Inc., KD Tools Private Limited, Neiko Tools, DeWalt Power Tool Company Ltd., Hitachi Power Tools Pvt Ltd., Robert Bosch Power Tools GmbH.

North America was the largest region in the battery-operated grease gun market in 2023. The regions covered in the battery operated grease gun market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the battery operated grease gun market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of battery-operated grease guns include 12v, 18v, 20v, and others, each denoting the voltage of the battery used to power the tool. Specifically, a 12-volt battery-operated grease gun relies on a 12-volt power source for its operation. These grease guns accommodate different loading mechanisms such as bulk loading, cartridge loading, and suction loading. They find application across diverse industries, including industrial, agriculture, construction, automotive, and others, catering to the lubrication needs of various heavy machinery and equipment.

The battery operated grease gun market research report is one of a series of new reports that provides battery operated grease gun market statistics, including battery operated grease gun industry global market size, regional shares, competitors with a battery operated grease gun market share, detailed battery operated grease gun market segments, market trends and opportunities, and any further data you may need to thrive in the battery operated grease gun industry. This battery-operated grease gun market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The battery-operated grease gun market consists of sales of one-handed, and lever handle grease guns. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.