Lubrication Systems Market to Stand at USD 5,281.16 million by 2022; Mining & Mineral Processing Industry Drive Growth: Transparency Market Research

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Transparency Market Research

18 Jun, 2015, 14:00 BST

ALBANY, New York, June 18, 2015 /PRNewswire/ --

Transparency Market Research has released a new market report titled Lubrication Systems Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast, 2014 - 2022.

The report defines and segments the Global Lubrication Systems Market, providing analysis and forecast of the global revenue. According to the report, the global lubrication systems market was valued at USD 4,367.10 million in 2013 and is likely to reach USD 5,281.16 million by 2022, expanding at a CAGR of 2.14% between 2014 and 2022.

You can go to  http://www.transparencymarketresearch.com/lubrication-systems-market.html  to buy the research report or browse through its table of contents.

The research study analyzes and estimates the market size in terms of market revenue (USD Million). The report covers type, process, and end-user segments and provides region-wise data in terms of revenue. The global lubrication systems market has been segmented on the basis of type into manual lubrication systems and automated/centralized lubrication systems. Automated/Centralized lubrication systems dominated the global lubrication systems market in 2013 owing to various factors such as reliability and proper lubrication. Manual lubrication systems are mostly used for domestic purpose such as in local service stations and in agricultural machines. The market share of manual lubrication systems is expected to decline during the forecast period.

For additional information about the Lubrication Systems Market Report, visit: http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=4172

On the basis of process, the lubrication systems market has been segmented into dry sump lubrication and wet sump lubrication. Dry sump lubrication systems are mostly used in applications wherein various machines are to be lubricated using a single automated/centralized lubrication system. Industries such as cement, steel, and hydrocarbons use dry sump lubrication. Wet sump lubrication is mostly used by the automobile industry. More than 92% of the vehicles across the globe use wet sump lubrication.

End-users of lubrication systems include the cement industry, steel industry, paper industry, mining & mineral processing industry, automobile industry, and other industries. In 2013, the lubrication systems market was dominated by the other industries segment, which includes the marine, railway, and paper industries. The mining & mineral processing industry segment is expected to exhibit the fastest growth rate during the forecast period.

Browse All Press Releases of Lubrication Systems Market: 

The research covers a comprehensive analysis of key players operating in the lubrication systems market. Key participants in the global lubrication systems market include Graco Inc., Lube Corporation, Groeneveld Groep B.V., SKF AB, Bijur Delimon, Castrol-Lubecon, Changzhou Huali Hydraulic Lubrication Equipment Co., Ltd., Changhua Chen Ying Oil Machine Co., Ltd., Equipment Technology Services, and Sloan Lubrication Systems. The company profiles cover lubrication system manufacturers and distribution companies. This report provides an overview of these companies, followed by their financial revenues (on availability), business strategies, and recent developments. The lubrication systems market has been segmented as follows:

Global Lubrication Systems Market: Type Analysis 

  • Manual Lubrication Systems
  • Automated/Centralized Lubrication Systems

Global Lubrication Systems Market: Process Analysis 

  • Dry Sump Lubrication
  • Wet Sump Lubrication

Global Lubrication Systems Market: End-user Analysis 

  • Cement Industry
  • Steel Industry
  • Mining & Mineral Processing Industry
  • Automobile Industry
  • Other Industries

Global Lubrication Systems Market: Regional Analysis 

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Spain
    • Italy
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Rest of the World (RoW)

Browse Article of Lubrication Systems Market: http://www.transparencymarketresearch.com/article/lubrication-systems-market.htm

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. 

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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