A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Automatic Lubrication System – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 2003
Companies: 46 – Players covered include 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 and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Steel, Manufacturing, Cement, Paper & Printing, Transportation, Construction, Other End-Uses); Lubrication Type (Grease-based, Oil-based)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Automatic Lubrication System Market to Reach $939.1 Million by 2026
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$939.1 Million by 2026, growing at a CAGR of 3% over the analysis period. Grease-based, one of the segments analyzed in the report, is projected to record a 3.4% CAGR and reach US$715.9 Million by the end of the analysis period. After a thorough 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 $216.7 Million in 2021, While China is Forecast to Reach $188.6 Million by 2026
The Automatic Lubrication System market in the U.S. is estimated at US$216.7 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$188.6 Million by the year 2026 trailing a CAGR of 5.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR. More
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