Market Overview:
The global closed gear lubrication market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for closed gear lubricants in various industrial applications, such as mining, power generation, construction, and others. In addition, the growing awareness about the benefits of using closed gear lubricants is also contributing to the growth of this market. Based on type, the global closed gear lubrication market can be segmented into miner lube and synthetic lube. The miner lube segment is expected to account for a larger share of this market in 2018 owing to its low cost and easy availability across regions.
Product Definition:
Closed gear lubrication is a type of lubrication used specifically in gears that are enclosed within a casing. This type of lubrication is important because it helps to keep contaminants out of the gears, as well as keep the gears cool. Closed gear lubricants also help to protect the gears from wear and tear.
Miner Lubrication:
Miner Lubrication is the fluids used in bearings, seals, and couplings that allow them to operate effectively. Minerals are used as a base stock for lubricating grease. The two types of minerals include water-based and oil-based. Water-based lubricants (WBL) are widely used owing to their environment friendly nature; they do not comprise halogen group elements which makes them suitable for use in environmentally sensitive areas such as rainforests.
Synthetic Lubrication:
Synthetic lubrication is a group of oils produced by the chemical reaction between petroleum and natural gas. They are also known as petro-based or synthetic oils. These oils are manufactured to have similar properties as that of mineral oil, but they can be changed according to customer requirements.
Application Insights:
The global closed gear lubrication market is segmented by application into mining, power generation, construction and others. The other applications include marine and industrial applications. Mining was the largest application segment in 2017 with a share of over 40% in the overall industry. The growth can be attributed to increased demand for technologically advanced equipment for deep sea mining operations coupled with high capital investments in developing countries such as China India Indonesia, Vietnam and Brazil which are prone to earthquakes due to their location on seismic zones has led to an increase in demand globally for these lubricants from this sector.
Regional Analysis:
Asia Pacific dominated the global closed gear lubrication market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing mining activities in Australia, India, China, and South Africa. In addition, growing construction activities coupled with a high demand for industrial equipment are also expected to drive the market growth over the forecast period.
The North America regional market held a significant share in 2017 owing to an increase in infrastructure investment along with rising oil & gas exploration activities across Canada and Mexico. Moreover, U.S., being one of the prominent manufacturers of mining equipment is anticipated to boost product penetration across this region during the forecast period from 2018-2030 (forecast).
Growth Factors:
- Increasing demand from the automotive and aerospace industries
- Growing awareness about the benefits of closed gear lubrication among end users
- Technological advancements in closed gear lubricants and equipment
- Rising demand for environmentally friendly products
- Proliferation of online sales channels
Scope Of The Report
Report Attributes
Report Details
Report Title
Closed Gear Lubrication Market Research Report
By Type
Miner Lubrication, Synthetic Lubrication
By Application
Mining, Power Generation, Construction, Other
By Companies
Exxon Mobil Corporation, Royal Dutch Shell, Chevron Corporation, TOTAL, BP, CNPC, Sinopec, FUCHS, LUKOIL, CARL BECHEM GMBH, Phillips 66 Lubricants, Lubrizol Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Closed Gear Lubrication Market Report Segments:
The global Closed Gear Lubrication market is segmented on the basis of:
Types
Miner Lubrication, Synthetic Lubrication
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mining, Power Generation, Construction, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Exxon Mobil Corporation
- Royal Dutch Shell
- Chevron Corporation
- TOTAL
- BP
- CNPC
- Sinopec
- FUCHS
- LUKOIL
- CARL BECHEM GMBH
- Phillips 66 Lubricants
- Lubrizol Corporation
Highlights of The Closed Gear Lubrication Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Miner Lubrication
- Synthetic Lubrication
- By Application:
- Mining
- Power Generation
- Construction
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Closed Gear Lubrication Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Closed gear lubrication is a type of lubrication where the oil and grease are kept inside the gears. This prevents them from coming into contact with other parts of the machine, which can reduce friction and wear.
Some of the key players operating in the closed gear lubrication market are Exxon Mobil Corporation, Royal Dutch Shell, Chevron Corporation, TOTAL, BP, CNPC, Sinopec, FUCHS, LUKOIL, CARL BECHEM GMBH, Phillips 66 Lubricants, Lubrizol Corporation.
The closed gear lubrication market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Closed Gear Lubrication Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Closed Gear Lubrication Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Closed Gear Lubrication Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Closed Gear Lubrication Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Closed Gear Lubrication Market Size & Forecast, 2018-2028
4.5.1 Closed Gear Lubrication Market Size and Y-o-Y Growth
4.5.2 Closed Gear Lubrication Market Absolute $ Opportunity
Chapter 5 Global Closed Gear Lubrication Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Closed Gear Lubrication Market Size Forecast by Type
5.2.1 Miner Lubrication
5.2.2 Synthetic Lubrication
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Closed Gear Lubrication Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Closed Gear Lubrication Market Size Forecast by Applications
6.2.1 Mining
6.2.2 Power Generation
6.2.3 Construction
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Closed Gear Lubrication Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Closed Gear Lubrication Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Closed Gear Lubrication Analysis and Forecast
9.1 Introduction
9.2 North America Closed Gear Lubrication Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Closed Gear Lubrication Market Size Forecast by Type
9.6.1 Miner Lubrication
9.6.2 Synthetic Lubrication
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Closed Gear Lubrication Market Size Forecast by Applications
9.10.1 Mining
9.10.2 Power Generation
9.10.3 Construction
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Closed Gear Lubrication Analysis and Forecast
10.1 Introduction
10.2 Europe Closed Gear Lubrication Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Closed Gear Lubrication Market Size Forecast by Type
10.6.1 Miner Lubrication
10.6.2 Synthetic Lubrication
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Closed Gear Lubrication Market Size Forecast by Applications
10.10.1 Mining
10.10.2 Power Generation
10.10.3 Construction
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Closed Gear Lubrication Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Closed Gear Lubrication Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Closed Gear Lubrication Market Size Forecast by Type
11.6.1 Miner Lubrication
11.6.2 Synthetic Lubrication
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Closed Gear Lubrication Market Size Forecast by Applications
11.10.1 Mining
11.10.2 Power Generation
11.10.3 Construction
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Closed Gear Lubrication Analysis and Forecast
12.1 Introduction
12.2 Latin America Closed Gear Lubrication Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Closed Gear Lubrication Market Size Forecast by Type
12.6.1 Miner Lubrication
12.6.2 Synthetic Lubrication
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Closed Gear Lubrication Market Size Forecast by Applications
12.10.1 Mining
12.10.2 Power Generation
12.10.3 Construction
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Closed Gear Lubrication Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Closed Gear Lubrication Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Closed Gear Lubrication Market Size Forecast by Type
13.6.1 Miner Lubrication
13.6.2 Synthetic Lubrication
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Closed Gear Lubrication Market Size Forecast by Applications
13.10.1 Mining
13.10.2 Power Generation
13.10.3 Construction
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Closed Gear Lubrication Market: Competitive Dashboard
14.2 Global Closed Gear Lubrication Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Exxon Mobil Corporation
14.3.2 Royal Dutch Shell
14.3.3 Chevron Corporation
14.3.4 TOTAL
14.3.5 BP
14.3.6 CNPC
14.3.7 Sinopec
14.3.8 FUCHS
14.3.9 LUKOIL
14.3.10 CARL BECHEM GMBH
14.3.11 Phillips 66 Lubricants
14.3.12 Lubrizol Corporation
