Grease Gun Market size is expected to trace USD 3.5 Billion by the end of 2036, increasing at a CAGR of 7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of grease gun was over USD 1.5 Billion. The market for grease guns is being propelled by consumers' increasing realization of the crucial routine maintenance for equipment longevity and functionality. Because equipment needs to be lubricated on a regular basis to function properly, the need for grease guns has increased. Nearly 37 million metric tons of lubricants were required worldwide in 2019. North America has the largest per capita lubricant demand, over four times more than the global average of 4.8 kg per person.
In addition, the need for grease guns is being driven by businesses investing in maintenance tasks, such as lubrication, to guarantee the longevity and functionality of their equipment. Also, innovative and cutting-edge lubricants are being created to meet the increasing need for grease guns with superior performance. These lubricants serve to prolong the life of the machinery and lower maintenance expenses by giving it superior protection and durability.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~ 7% |
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Base Year Market Size (2023) |
~ USD 1.5 Billion |
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Forecast Year Market Size (2036) |
~ USD 3.5 Billion |
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Regional Scope |
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Application (Industrial, Agriculture, Construction, Automotive)
The automotive segment in the grease gun market is anticipated to hold largest share of about 38% during the forecast period. The grease gun industry is expanding as a result of rising auto demand, particularly in developing nations. The total number of passenger vehicles sold rose from 30,69,523 to 38,90,114. In comparison to the prior year, sales of passenger cars grew from 14,67,039 to 17,47,376, utility vehicles from 14,89,219 to 20,03,718, and vans from 1,13,265 to 1,39,020 units in FY-2022–2023 in India. The automobile business is expanding due to a number of causes, including rising disposable incomes, increased urbanization, and growing population. Because grease guns are utilized in vehicle maintenance and repair, this in turn is fuelling the need for them. From April 2022 to March 2023, the industry produced 2,59,31,867 vehicles, including passenger cars, commercial vehicles, three-wheelers, two-wheelers, and quadricycles, compared to 2,30,40,066 units in April 2021 to March 2022.
Loading (Bulk Loading, Cartridge Loading, Suction Loading)
The suction loading segment is predicted to hold 48% share of the global grease gun market by 2036. The growth of the segment is expected to grow as it is easier to use this kind of loading. By raising the handle, suction loading operates according to the suction principle. This loading is also reasonably priced.
Our in-depth analysis of the global grease gun market includes the following segments:
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Loading |
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Product |
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Application |
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North American Market Forecast
The North America grease gun market is expected to hold the largest revenue share of about 33% by the end of the 2036. Grease guns are commonly used in North American industries for lubrication, including automotive, construction, manufacturing, agricultural, and maintenance. About 2.56 million passenger automobiles were built by North American automakers in 2021. At over 1.5 million, the United States continued to be North America's biggest producer. Technological developments, industry-specific requirements, and general economic conditions can all have an impact on the demand for grease guns in various sectors in the region.
APAC Market Statistics
Grease gun market in the Asia Pacific region is expected to develop at one of the fastest rates with about 28% share over the course of the forecast period. This is because of the growing need for grease guns from the construction, automotive, and agricultural sectors in the region. Furthermore, it is projected that throughout the projection period, the Asia Pacific market is set to develop at the fastest rate due to the region's expanding population and increasing urbanization. With 4.3 billion people living there, or 60% of the world's population, the Asia-Pacific area is home to China and India, the two most populous nations on earth.
Author Credits: Smruti Ranjan, Rajrani Baghel
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