The automotive central lubrication system is used to deliver specific amount of lubricant at different location in machine. It is supplied to moving parts of the machine especially bearings in order to reduce friction. The automotive central lubrication system increases the efficiency and reduces the functioning time of the machine. The proper greasing at specific parts of the machine reduces the maintenance cost. The fully automated system requires less fuel consumption. The various parts of the automotive central lubrication system include controller, pump with reservoir, supply line, metering valves and feed lines.
Market Size and Forecast
The global automotive central lubricating system market is anticipated to expand at a CAGR around 5.5% during 2018-2027. It is projected to reach significant market size by 2027. The various factors such as reduction in the time associated with lubrication, lubrication at the location of critical parts, increasing safety of the worker and rising cost associated with the lubrication system is anticipated to drive the market growth during the forecast period.
The global automotive central lubricating system market can be segmented into lubrication type, component type, actuator type and vehicle type. On the basis of lubrication type, it is segmented into oil and grease. Grease sub-segment is anticipated to be the fastest developing sub-segment. It is primarily used in the lubrication of heavy bearing. On the basis of component type, it is segmented into lubrication distributor, lubrication pumps and timers and controllers. On the basis of actuator type, it is sub-segmented into lubrication distributor, lubrication pumps and timers and controllers. On the basis of vehicle type, it is sub-segmented into construction machines, trucks, agricultural machines and floor conveyors.
By region, global automotive central lubricating system market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. Asia-Pacific is the fastest developing region on the account of increasing number of heavy vehicles and industrial components. Europe accounted for the largest share for the global automotive central lubricating system on the account of presence of leading industries such as steel, automotive and electronics. The increasing adoption of energy efficient machinery and enhanced maintenance service in the Europe is driving the automotive central lubricating system market throughout the forecast period.
Our in-depth analysis segmented the global automotive central lubricating system market in the following segments:
By Lubrication Type:
By Component Type:
By Actuator Type:
By Vehicle Type:
Global automotive central lubricating system market is further classified on the basis of region as follows:
Growth Drivers and Challenges
The increasing demand for the industrial vehicles around the globe is major growth driver for the global automotive central lubricating system market. The cost associated with manual lubrication is high which in turn propel the demand for the automotive central lubricating system .This enhances the fuel efficiency and decreases the maintenance costs. The central lubricating system enhances the life of the vehicle for a long period of time. The rising demand from various metal and mineral processing industries is anticipated to boost the global automotive central lubricating system. Moreover, inaccessible areas can also be easily lubricated with help of automotive central lubricating system. This leads to high application of automotive central lubricating system in various vehicles.
Direct access to analyst to help you understand the market in a better way to handle your critical question
Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved
Get 10% free customization
Great focus on accuracy and quality of the research
(U.S.) - +1 646 586 9123
(Canada) - +1 437 889 3230
(U.K.) - +44 203 608 5919
(India) - + 91 120 660 5495