Market Overview:
The global industrial gear lubrication market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for industrial gear lubricants from various end-use industries, such as steel industry, mining, construction, agriculture, and energy. In addition, the growing awareness about the benefits of using industrial gear lubricants is also contributing to the growth of this market. Based on type, the global industrial gear lubrication market can be segmented into mineral oil-based lubricants and synthetic oil-based lubricants. The mineral oil-based segment is expected to dominate this market during the forecast period owing to its low cost and easy availability as compared to synthetic oil-based products.
Product Definition:
Industrial gear lubrication is the process of applying a lubricant to gears in order to reduce friction and wear. It is important because it helps increase the life of the gears, prevents overheating, and allows for smooth operation.
Minera Lubricant:
Minera Lubricant is a special type of oil which is used to reduce friction between rotating parts in mining and construction industries. It also has applications in gearboxes, bearings, and other industrial machinery. The global market for Minera Lubricant is expected to witness significant growth over the forecast period owing to increasing demand from various end-use industries such as mining & construction coupled with growing environmental concerns regarding energy consumption.
Synthetic Lubricant:
Synthetic lubricants are manufactured by the chemical reaction of petrochemicals and have a high boiling point compared to mineral oils. They can be used as substitutes for conventional mineral oils in various applications due to their excellent properties such as low volatility, less prone to oxidation, and high viscosity.
The global synthetic lubricant market is expected to witness significant growth over the forecast period owing to increasing demand from industrial gear manufacturers across the globe.
Application Insights:
The global industrial gear lubrication market is segmented on the basis of application into steel industry, mining, construction, agriculture and energy. The steel industry dominated the application segment with a share of over 30% in 2017. This can be attributed to high-performance requirements for gears in heavy machinery used in the iron and steel manufacturing process.
Mining was another prominent segment accounting for a significant share owing to high performance requirements from various mining applications including crushing & grinding equipment, conveyors & feeders and mineral processing plants among others. Mining accounted for nearly 20% of total demand in 2017 which indicates rising importance of efficient lubrication systems as they are vital components required to run these machines efficiently without any hitch or delay at all during production stage or operation stage respectively.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to high demand for industrial gearboxes in countries, such as China and India. The region is expected to witness significant growth over the forecast period due to increasing construction activities and energy sector investments. In addition, rising population coupled with growing income levels will drive consumer spending on automobiles, which will further propel product demand.
Europe accounted for a major share of revenue in 2017 owing to high consumption rates of industrial lubricants across several industries including steel production, mining & exploration, food processing & packaging among others. Germany is one of the largest producers of motor vehicles worldwide; therefore it requires large volumes of lubricant products for its automotive industry’s operations at various plants across Europe including Volkswagen AG plant located at Braunschweig and Ingolstadt in Bavaria region respectively.
Growth Factors:
- Increasing demand for industrial gear lubricants from the automotive and transportation sector on account of the increasing production of vehicles.
- Rising demand for high-performance industrial gear lubricants from the mining and construction sector owing to the growth in infrastructure development activities across the globe.
- Growing awareness among consumers about the benefits of using industrial gear lubricants, which is expected to boost market growth over the forecast period.
- Technological advancements in manufacturing processes that are resulting in higher efficiency and productivity levels, which is likely to create new opportunities for market players operating in this space over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Gear Lubrication Market Research Report
By Type
Minera Lubricant, Synthetic Lubricant
By Application
Steel Industry, Mining, Construction, Agriculture, Energy, Others
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
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Gear Lubrication Market Report Segments:
The global Industrial Gear Lubrication market is segmented on the basis of:
Types
Minera Lubricant, Synthetic Lubricant
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
Steel Industry, Mining, Construction, Agriculture, Energy, Others
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 Industrial 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:
- Minera Lubricant
- Synthetic Lubricant
- By Application:
- Steel Industry
- Mining
- Construction
- Agriculture
- Energy
- Others
- 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 Industrial 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?
Industrial gear lubrication is the process of applying a lubricant to gears and other rotating machinery. Gear oil is the most common type of industrial gear lubricant, but other types of oils are also used. Gear oil is typically a thick, viscous liquid that's applied to the moving parts of machines using a spray or dip method.
Some of the key players operating in the industrial 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 industrial 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 Industrial 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 Industrial Gear Lubrication Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial 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 Industrial 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 Industrial Gear Lubrication Market Size & Forecast, 2018-2028
4.5.1 Industrial Gear Lubrication Market Size and Y-o-Y Growth
4.5.2 Industrial Gear Lubrication Market Absolute $ Opportunity
Chapter 5 Global Industrial 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 Industrial Gear Lubrication Market Size Forecast by Type
5.2.1 Minera Lubricant
5.2.2 Synthetic Lubricant
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial 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 Industrial Gear Lubrication Market Size Forecast by Applications
6.2.1 Steel Industry
6.2.2 Mining
6.2.3 Construction
6.2.4 Agriculture
6.2.5 Energy
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial 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 Industrial 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 Industrial Gear Lubrication Analysis and Forecast
9.1 Introduction
9.2 North America Industrial 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 Industrial Gear Lubrication Market Size Forecast by Type
9.6.1 Minera Lubricant
9.6.2 Synthetic Lubricant
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 Industrial Gear Lubrication Market Size Forecast by Applications
9.10.1 Steel Industry
9.10.2 Mining
9.10.3 Construction
9.10.4 Agriculture
9.10.5 Energy
9.10.6 Others
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 Industrial Gear Lubrication Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial 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 Industrial Gear Lubrication Market Size Forecast by Type
10.6.1 Minera Lubricant
10.6.2 Synthetic Lubricant
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 Industrial Gear Lubrication Market Size Forecast by Applications
10.10.1 Steel Industry
10.10.2 Mining
10.10.3 Construction
10.10.4 Agriculture
10.10.5 Energy
10.10.6 Others
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 Industrial Gear Lubrication Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial 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 Industrial Gear Lubrication Market Size Forecast by Type
11.6.1 Minera Lubricant
11.6.2 Synthetic Lubricant
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 Industrial Gear Lubrication Market Size Forecast by Applications
11.10.1 Steel Industry
11.10.2 Mining
11.10.3 Construction
11.10.4 Agriculture
11.10.5 Energy
11.10.6 Others
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 Industrial Gear Lubrication Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial 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 Industrial Gear Lubrication Market Size Forecast by Type
12.6.1 Minera Lubricant
12.6.2 Synthetic Lubricant
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 Industrial Gear Lubrication Market Size Forecast by Applications
12.10.1 Steel Industry
12.10.2 Mining
12.10.3 Construction
12.10.4 Agriculture
12.10.5 Energy
12.10.6 Others
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) Industrial Gear Lubrication Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial 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) Industrial Gear Lubrication Market Size Forecast by Type
13.6.1 Minera Lubricant
13.6.2 Synthetic Lubricant
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) Industrial Gear Lubrication Market Size Forecast by Applications
13.10.1 Steel Industry
13.10.2 Mining
13.10.3 Construction
13.10.4 Agriculture
13.10.5 Energy
13.10.6 Others
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 Industrial Gear Lubrication Market: Competitive Dashboard
14.2 Global Industrial 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
