Automatic lubrication system are lubrication systems which provide precise, accurate and reliable lubrications for applications in any operating condition. These systems dispense precise amount of grease to all critical lubrication points, while apparatus is in motion. Accurately designed and installed, automatic lubrication systems improve equipment reliability, reduce costly downtime and eliminate lubricant-related failures. They also extend equipment & component life, avert premature replacement of parts & machinery and augment manpower resources. Moreover, these lubrication systems also reduce lubricant consumption and generate less waste. The global automatic lubrication system market is estimated and forecasted in terms of revenue (USD million) generated by the global market. The report gives a summary of key market forces boosting and restraining market growth. The global automatic lubrication system market has observed sustainable growth due to increasing use of automatic lubrication system in diverse applications such as steel, agriculture, cement, construction, manufacturing, mining, paper & printing etc. Moreover, reduction in machine downtime associated with manual lubrication and effective lubrication offered by automatic lubrication systems are fuelling the market growth. Furthermore, the overall market is also being propelled by integration of remote monitoring with automatic lubrication systems. However, the global automatic lubrication system market is hindered by constraints associated with proper lubricant selection and lack of awareness among end-user industries in emerging countries. The report analyses the global automatic lubrication system market based on lubrication type, system type, end use industry, components and geography. Based on lubrication type, this market is segmented into grease-based lubrication system and oil-based lubrication system. Among all types, the grease-based lubrication system accounted for the largest share of the automatic lubrication system market in 2017. The grease-based lubrication system is supreme for heavy-duty applications such as manufacturing, agriculture, transportation, mining, construction, and power, thus driving the segment growth. Based on system type, this market is segmented into circulating oil lubrication system, dual-line lubrication system, multi-line lubrication system, oil and air lubrication system, series progressive lubrication system and single-line lubrication system. The multi-line lubrication segment dominated the global market in 2017 and is expected to dominate the market in the future. This system is appropriate for a diversity of lubricants with broad viscosity range. Based on end use industry, the global automatic lubrication system market is categorized into agriculture, cement, construction, manufacturing, mining, paper & printing, power, steel and transportation. Among various end users, the steel segment held the largest share of the market in 2017, due to extensive use of automatic lubrication system in the steel industry in emerging economies such as China, India, Brazil, Indonesia, and Thailand. Also, based on components, the market is segmented into controller, feed line, metering valve, pump and supply line. Among these, the controllers accounted for the largest market share in 2017, as they offer effective lubrication with automatic lubrication systems. By geography, the global automatic lubrication system market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe accounted for the largest share of this market in 2017. Several automatic lubrication system manufacturers have their manufacturing base in European region. Increasing income and purchasing power are attracting high investments in the automotive, mining, electronics manufacturing, and agriculture. These growing industries are anticipated to fuel the demand for automatic lubrication system during the forecast period. In addition to this, the North American region is expected to grow at a lucrative growth rate during the forecast period, owing to significant demand of automatic lubrication system from energy, power and transportation industry. Some of the key market players of the global automatic lubrication system market include Baier + Koeppel, Bijur Delimon, Cenlub Systems, Dropsa, Freudenberg Group (Kluber Lubrication), Graco, Perma-Tec, Pricol, Samoa, SKF, Timken and Woerner. New product launches and partnerships are the key growth strategies adopted by major players to reinforce their positions in the international market. Furthermore, strategies such as expansions, as well as endorsements and agreements were also implemented by numerous market players to expand their R&D competences and geographic presence in the global market.
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