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Automatic Lubrication System Market by Lubrication Type (Grease, Oil), System Type (Single-Line, Dual-Line, Multi-Line, Series Progressive, Circulating Oil, Oil & Air) - Global Forecast to 2023

/EIN News/ -- Dublin, Feb. 18, 2019 (GLOBE NEWSWIRE) -- The "Automatic Lubrication System Market by Lubrication Type (Grease, Oil), System Type (Single-Line, Dual-Line, Multi-Line, Series Progressive, Circulating Oil, Oil & Air), Industry (Steel, Manufacturing, Cement), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The automatic lubrication system market is expected to grow from USD 769.4 million in 2018 to USD 958.5 million by 2023, at a CAGR of 4.5% between 2018 and 2023.

Key factors driving the growth of the automatic lubrication system market include reduction in machine downtime associated with manual lubrication, effective lubrication with automatic lubrication systems, increasing focus on worker safety, and rising labor costs. However, constraints associated with proper lubricant selection and the lack of awareness among end-user industries in developing countries are the key factors restraining the market growth.

Market for oil-based lubrication system to grow at higher CAGR during forecast period

The market for oil-based lubrication system is expected to grow at a higher CAGR between 2018 and 2023. Oil-based lubrication systems mainly find application in enclosed gear assemblies. Physical properties such as better heat management and efficient performance in cold working conditions drive the growth of oil-based automatic lubrication systems.

Automatic lubrication system market in APAC to grow at highest CAGR during forecast period

The automatic lubrication system market in APAC is expected to grow at the highest CAGR between 2018 and 2023. The presence of industrialized economies such as India, China, and Indonesia; increasing awareness about automatic lubrication systems; and rising labor rates are a few key factors driving the demand for automatic lubrication systems in APAC. Huge domestic demand for products and services, and significant business growth opportunities have led to the establishment of the manufacturing units of various industries, such as cement, steel, and energy, in the region. This offers an attractive opportunity for the automatic lubrication system market growth in APAC.

Key Topics Covered:

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Automatic Lubrication System Market (2018-2023)
4.2 Automatic Lubrication System Market, By Lubrication Type
4.3 Automatic Lubrication System Market, By System Type
4.4 Automatic Lubrication System Market, By Industry
4.5 Automatic Lubrication System Market, By Geography

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Reduction in Machine Downtime Associated With Manual Lubrication
5.2.1.2 Effective Lubrication With Automatic Lubrication Systems
5.2.1.3 Increasing Focus on Worker Safety
5.2.1.4 Rising Labor Cost Expected to Increase Adoption of Automatic Lubrication Systems
5.2.2 Restraints
5.2.2.1 Constraints Associated With Proper Lubricant Selection
5.2.2.2 Lack of Awareness Among End-User Industries in Developing Countries
5.2.3 Opportunities
5.2.3.1 Product Innovation to Present Growth Opportunity for Automatic Lubrication System Manufactures
5.2.3.2 Integration of Remote Monitoring With Automatic Lubrication Systems
5.2.4 Challenges
5.2.4.1 Impact of Weather Conditions on Lubricant Performance
5.2.4.2 Irregular Inspections Hampering Automatic Lubrication System Performance
5.3 Value Chain Analysis

6 Market Analysis, By Lubrication Type
6.1 Introduction
6.2 Grease-Based Lubrication System
6.3 Oil-Based Lubrication System

7 Automatic Lubrication System Components
7.1 Introduction
7.2 Controller
7.3 Pump
7.4 Supply Line
7.5 Metering Valve
7.6 Feed Line

8 Market Analysis, By System Type
8.1 Introduction
8.2 Single-Line Lubrication System
8.3 Dual-Line Lubrication System
8.4 Multi-Line Lubrication System
8.5 Series Progressive Lubrication System
8.6 Circulating Oil Lubrication System
8.7 Oil and Air Lubrication System

9 Market Analysis, By Industry
9.1 Introduction
9.2 Steel
9.3 Manufacturing
9.4 Cement
9.5 Paper & Printing
9.6 Transportation
9.7 Construction
9.8 Agriculture
9.9 Mining
9.10 Power

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 UK
10.3.2 France
10.3.3 Germany
10.3.4 Rest of Europe
10.4 APAC
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Australia
10.4.5 Rest of APAC
10.5 RoW
10.5.1 Middle East
10.5.2 Africa
10.5.3 Latin America

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis for Automatic Lubrication System Manufacturers
11.3 Competitive Situations and Trends
11.3.1 Product Launches
11.3.2 Expansions
11.3.3 Acquisitions
11.3.4 Contracts

12 Company Profiles
12.1 Key Players
12.1.1 SKF
12.1.2 Graco
12.1.3 Timken
12.1.4 Baier + Koeppel
12.1.5 Bijur Delimon
12.1.6 Samoa
12.1.7 Klueber Lubrication
12.1.8 Perma-Tec
12.1.9 Woerner
12.1.10 Dropsa
12.2 Other Key Players
12.2.1 Cenlub Systems
12.2.2 ATS Electro-Lube
12.2.3 I.L.C. S.R.L.
12.2.4 Oil-Rite
12.2.5 Simatec

For more information about this report visit https://www.researchandmarkets.com/research/529bcq/automatic?w=12

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