Press release
Automotive Central Lubrication System: Technology and Market Dynamics
With increasing automation in most vehicles demand for automotive central lubrication system is on the rise. Thus, global automotive central lubrication system market is expected to expand with an impressive CAGR over the forecast period.
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Automotive Central Lubrication System: Drivers & Restraints
The major factors boosting the growth of Automotive Central Lubrication System is rising growth in the demand for heavy motor vehicles and industrial vehicles which may not be on road. Further, several unprecedented benefits offered by these systems, is driving its penetration in all vehicles. Moreover, vehicles which incorporate manual lubrication systems are also replacing their existing systems to achieve better vehicle life improve fuel efficiency, and reduce maintenance costs. In many region safety concerns are also driving the market for central lubrication systems, as it enables no climbing around machinery or inaccessible areas (gases, exhaust, confined spaces, etc.). Along with, rising concerns regarding improving vehicle fuel efficiency is another factor driving the demand for central lubrication systems, as vehicle characterizes lower energy consumption due to less friction. Furthermore, as automation is the prime priority for most machinery and automobile manufacturers, incorporation of centralized lubrication system is expected in vehicles from all prominent global manufacturers, as it not only improves efficiency, but also enhances vehicle life, and provides an impressive return on investment.
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Automotive Central Lubrication System: Market Segmentation
The Automotive Central Lubrication System is segmented on lube type, component type, actuator type, sales channel and in terms of vehicle type.
Based on lube type, the Automotive Central Lubrication System is segmented into:
Grease
Oil
Based on component type, the Automotive Central Lubrication System is segmented into:
Lubrication Distributor
Lubrication Pumps
Timers and Controllers
Tubes, hoses, pipes, fittings and clamps
Others
Based on actuator type, the Automotive Central Lubrication System is segmented into:
Pneumatic
Electrical
Based on vehicle type, the Automotive Central Lubrication System is segmented into:
Trucks
Construction machines
Agricultural machines
Floor conveyors
Others
Automotive Central Lubrication System: Regional Outlook
Geographically, Automotive Central Lubrication System has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. Western Europe Automotive Central Lubrication System is expected to dominate the global market, amid presence of large number of automotive manufacturers in the region, and rising amount of automation in most vehicles manufactured in the region. In Asia Pacific region, the number of heavy motor vehicles and industrial vehicles produced per year in China and India are higher than the numbers attained by major manufacturers in the Western Europe and North America regions. This can be attributed to rapidly expanding industrialization in the region. Emerging countries in the Latin America region such as Mexico and Brazil create attractive opportunities for the automotive Central Lubrication System as many well-known industrial automobile manufacturers have set up their automotive plants in these countries. With high focus on automation by North America and Western Europe based manufacturers, demand for centralized lubrication system in these regions, and is also expected to witness decent growth over the forecast period.
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Automotive Central Lubrication System: Key Players
Some of the players identified in Global Automotive Central Lubrication System are:-
Herg (Foshan) Automotive Lubrication System Manufacture Co., Ltd.
SKF AB
Graco Inc
Groeneveld Group B.V
Cenlub Systems
Pricol Technologies
Vogel AG
Auto Mat Lub Systems
Beka-Lube Products Inc.
Weidong Woodoo
Bijur Delimon
LUBE Corp
Samoa Group
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.
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