Lubrication Systems Market Pegged for Robust Expansion by 2027

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Lubrication Systems Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2026

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Lubrication Systems Market - Snapshot

• The global lubrication systems market was valued
  at US 3,565 Mn in 2017 and is anticipated to
  expand at a CAGR of more than 3 from 2018 to
  2026.
• Lubricants are essential for proper functioning
  of any machinery used in an application.
  Lubricants are used to reduce friction between
  two moving surfaces that are in contact with each
  other.
• A lubrication system does not eradicate friction
  from the machinery. Friction is required for
  transfer of power from one part to another.
• A lubrication system is employed to lower the
  wear and tear in the operating machinery.

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Rise in demand for lubrication systems in cement
plants

• Growth of the housing real estate sector is
  boosting the demand for cement. The sector
  accounts for about 65 of the global consumption
  of cement.
• Other major consumers of cement include public
  infrastructure (20) and industrial development
  (15).
• The global cement industry experienced capacity
  addition of around 3236 million tons in 2017. As
  of December 2017, about 575 cement plants with
  total production capacity of 460 MTPA were
  operational.

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Growing focus on workers safety and rising
machine reliability to boost market

• Rising expenditure on maintenance and repair of
  machinery is expected to boost the demand for
  lubrication systems in the next few years.
• Shrinking profit margins resulting from machinery
  downtime are likely to compel industries to
  deploy automatic lubrication systems.
• Moreover, stringent regulations regarding
  employee and environment safety are expected to
  boost the demand for lubrication systems
  further. 
•  Advancements in the lubrication technology make
  efficient lubrication systems ideal for
  installation. 

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Highly competitive market with dominance of top
players

•  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

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