Grease Gun Market Size & Share, by Loading (Bulk Loading, Cartridge Loading, Suction Loading); Product (Manual Grease Gun, Battery-Powered Grease Gun, Pneumatics Grease Gun); Application (Industrial, Agriculture, Construction, Automotive) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5436
  • Published Date: Dec 01, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

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.


Grease Gun Market
Get more information on this report: Request Free Sample PDF


Grease Gun Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 7%

Base Year Market Size (2023)

 ~ USD 1.5 Billion

Forecast Year Market Size (2036)

 ~ USD 3.5 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Grease Gun Market : Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Increasing Adoption of E-Commerce- The need for grease guns is also being driven by the expansion of the e-commerce sector. The ease with which customers can now obtain grease guns and other maintenance equipment due to online retail has increased demand for grease guns. Customers may now choose from a greater selection of products on online marketplaces, making it simpler for them to locate the grease guns that best suit their needs. In recent years, e-commerce has grown to be a vital component of international shopping. Similar to several other sectors, the purchasing and selling of goods has experienced a significant shift with the introduction of the Internet. As a result of the continuous digitization of contemporary life, customers worldwide are currently able to enjoy the benefits of online transactions. With over five billion internet users globally, the number of people making transactions online is always rising as internet access and usage grow quickly. Retail e-commerce sales were more than 5.7 trillion USD globally in 2022, and it is anticipated that this amount will rise to unprecedented levels in the years to come.
  • Growing Cordless Technology- Because they are so convenient and simple to use, cordless grease guns are growing in popularity. These grease guns are perfect for usage in remote or difficult-to-reach areas since they enable users to carry out maintenance operations without being connected to a power source. Their popularity has increased even further with the emergence of battery-operated cordless grease guns, which offer the same functionality as conventional grease guns but with additional portability and convenience.
  • Increased Demand from Emerging Economies- In the next years, rising economies like Brazil, China, and India are anticipated to propel the expansion of the grease gun market. Grease gun usage is predicted to rise in these areas due to the growing need for manufacturing and construction operations.

Challenges

  • Consequences of the COVID-19 Epidemic - The market for grease guns has been significantly impacted by the outbreak. Due to the pandemic's disruption of the global supply chain, a decline in push-type grease gun output, and a drop in grease gun pricing that makes the product less appealing to buyers, the market has seen a sharp decline in demand. Due to a lack of confidence in the industry, the pandemic has also negatively impacted the grease gun market. Because of the uncertainty surrounding the epidemic and the possibility of additional economic hardship, consumers are reluctant to purchase grease guns.
  • Grease guns are pricey and necessitate a substantial upfront cost. Small enterprises and individual consumers find it challenging to purchase them as a result.
  • The advantages of grease guns and their accompanying cost savings are not well known to many users. Because of this, persuading people to invest in them is challenging.


Grease Gun Segmentation

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:

          Loading

  • Bulk Loading
  • Cartridge Loading
  • Suction Loading

          Product

  • Manual Grease Gun
  • Battery-Powered Grease Gun
  • Pneumatics Grease Gun

          Application

  • Industrial
  • Agriculture
  • Construction
  • Automotive

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Grease Gun Industry - Regional Synopsis

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.

Research Nester
Grease Gun Market size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Grease Gun Market

top-features-companies
    • Groz Engineering Tools Pvt Ltd
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Milton Industries, Inc.
    • Lumax Auto Technologies Limited 
    • Sanjay Tools & Accessories Pvt Ltd 
    • Sturdy
    • SKF
    • Lincoln National Corporation
    • Dewalt
    • Ampro tools
    • Legacy
    • Plews and Edelmann
    • Pressol

In-the-news

In The News

  • December 2021: Dual-piston grease gun to simplify the task of lubrication. A manual grease gun that can easily be switched from standard use to high-pressure or high-volume delivery making it perfect for handling any job, including those with large lubrication points or clogged fittings. Gothenburg, Sweden 1 December 2021: SKF has developed a tool that simplifies the critical task of lubrication. The SKF Lincoln dual-piston lever-action grease gun (Model 1154) has a thumb-operated switch that allows it to toggle between high-volume and high-pressure. This makes it easier for technicians to quickly adjust the tool to match the equipment’s lubrication requirements.
  • October 2018: Sanjay Tools & Accessories Pvt Ltd in association with GURTECH offers unique and patented greasing solutions. Gurtech (Pvt) Ltd is South Africa-based patent holder, designer and manufacturer of grease gun and grease coupler for greasing of difficult-to-reach areas. As manufacturer of foot-operated grease gun (G Gun) and grease coupler (G Coupler), Gurtech supplies products internationally through local distributors and retailers among which Sanjay Tools & Accessories Pvt Ltd is their exclusive sales partner in India.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5436
  • Published Date: Dec 01, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing awareness regarding routine maintenance, innovative and cutting-edge technology and adoption of e-commerce are the major factors driving the growth of the braiding machine market.

The market size of braiding machine is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2024-2036.

The major players in the market are Milton Industries, Inc., Lumax Auto Technologies Limited, Sanjay Tools & Accessories Pvt Ltd, Sturdy, SKF, Lincoln National Corporation, Dewalt, and others.

The automotive segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Grease Gun Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying