Market Overview:
The global grease lubricated tracks market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for construction and mining equipment across the globe. The global grease lubricated tracks market has been segmented on the basis of type, application, and region. On the basis of type, the market has been segmented into cast iron, steel, and others. Cast iron accounted for a major share of the global grease lubricated tracks market in 2017 owing to its high durability and resistance against wear & tear as compared to other types of materials used for manufacturing track systems. Steel is expected to be one of the fastest-growing segments during the forecast period owing to its properties such as high tensile strength and corrosion resistance. On the basis of application, construction equipment accounted for a major share in 2017 followed by mining equipment due to rising investments in infrastructure development projects across emerging economies such as China & India. Forestry equipment is expected grow at a higher CAGR during 2018-2030 due increased adoption rates across developed countries such as U K , Germany , France . Vehicles are anticipated exhibit highest growth rate over next 10 years on account stringent emission norms being implemented globally . Regionally North America was observed largest revenue generating region with Europe closely following suit .
Product Definition:
A lubricant is a substance, usually organic, that is applied to reduce friction between surfaces in contact with each other. The term "grease" typically refers to a liquid or semi-solid lubricant that is smeared on bearings and other metal parts to reduce friction and wear.
Cast Iron:
Cast iron is a type of metal that is obtained from the fusion in the process of heating molten iron and other alloying elements at high temperatures. It has a higher melting point than steel and can be used as an alternative to it. Cast iron also has better mechanical, thermal, magnetic & electrical properties which make it suitable for use in various industries such as automotive, construction equipment & machinery manufacturing industries among others.
Steel:
Steel is a alloy of iron and carbon. It has high tensile strength, good ductility, and low-temperature flexibility. Steel can be cold-rolled or heat-rolled to make it suitable for different applications in the automotive industry. Cold rolling makes steel stronger but increases thermal stress during processing; while hot rolling makes it easier to process but reduces its strength.
Application Insights:
The construction equipment segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing infrastructure spending in emerging economies across the globe, including China, India and Brazil. These countries are focusing on developing their infrastructure sectors at a domestic level as well as establishing international connectivity by improving airports, seaports and railway networks within their borders. This is likely to result in an increased demand for construction equipment over the coming years which will provide additional impetus to product demand globally.
Construction machinery & equipment was one of America¢â‚¬â„¢s top import categories from China between 2013-2017 owing to rising trade relations between both nations that facilitate easy access for Chinese manufacturers through low-tariff agreements & relaxed border controls among other benefits offered by U.S government agencies such as USDA Foreign Agricultural Service (FAS).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, rising infrastructure activities, and growing automotive industry. China is one of the largest markets for industrial equipment as well as construction & mining equipment owing to increased investments in these sectors.
Europe was another major market that accounted for more than 25% share of global revenue in 2017 owing to high application scope within transportation sector including railroads and trucks among others.
Growth Factors:
- Increasing demand from automotive and transportation industry for low friction and high performance lubricated tracks.
- Growing awareness about the benefits of grease lubricated tracks among original equipment manufacturers (OEMs) and end users.
- Technological advancements in grease lubrication systems that offer improved performance, lower maintenance costs, and longer life cycle.
- Rising demand for greased bearings in mining, construction, material handling, and other industrial applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Grease Lubricated Tracks Market Research Report
By Type
Cast Iron, Steel, Others
By Application
Construction Equipment, Mining Equipment, Forestry Equipment, Vehicles
By Companies
Caterpillar, John Deere, Komatsu, Volvo Construction Equipment, Hitachi Construction Equipment, Liebherr
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Grease Lubricated Tracks Market Report Segments:
The global Grease Lubricated Tracks market is segmented on the basis of:
Types
Cast Iron, Steel, Others
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
Construction Equipment, Mining Equipment, Forestry Equipment, Vehicles
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:
- Caterpillar
- John Deere
- Komatsu
- Volvo Construction Equipment
- Hitachi Construction Equipment
- Liebherr
Highlights of The Grease Lubricated Tracks 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:
- Cast Iron
- Steel
- Others
- By Application:
- Construction Equipment
- Mining Equipment
- Forestry Equipment
- Vehicles
- 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 Grease Lubricated Tracks 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?
Grease lubricated tracks are a type of railway track that uses grease as the main lubricant. This type of track is most commonly used in heavy rail systems, such as commuter railroads and freight railways. Grease lubricated tracks are less likely to experience wear and tear than other types of railway tracks, which can lead to longer lifespan and reduced maintenance costs.
Some of the major companies in the grease lubricated tracks market are Caterpillar, John Deere, Komatsu, Volvo Construction Equipment, Hitachi Construction Equipment, Liebherr.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Grease Lubricated Tracks Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Grease Lubricated Tracks Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Grease Lubricated Tracks Market - Supply Chain
4.5. Global Grease Lubricated Tracks Market Forecast
4.5.1. Grease Lubricated Tracks Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Grease Lubricated Tracks Market Size (000 Units) and Y-o-Y Growth
4.5.3. Grease Lubricated Tracks Market Absolute $ Opportunity
5. Global Grease Lubricated Tracks Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Grease Lubricated Tracks Market Size and Volume Forecast by Type
5.3.1. Cast Iron
5.3.2. Steel
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Grease Lubricated Tracks Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Grease Lubricated Tracks Market Size and Volume Forecast by Application
6.3.1. Construction Equipment
6.3.2. Mining Equipment
6.3.3. Forestry Equipment
6.3.4. Vehicles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Grease Lubricated Tracks Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Grease Lubricated Tracks Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Grease Lubricated Tracks Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Grease Lubricated Tracks Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Grease Lubricated Tracks Demand Share Forecast, 2019-2026
9. North America Grease Lubricated Tracks Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Grease Lubricated Tracks Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Grease Lubricated Tracks Market Size and Volume Forecast by Application
9.4.1. Construction Equipment
9.4.2. Mining Equipment
9.4.3. Forestry Equipment
9.4.4. Vehicles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Grease Lubricated Tracks Market Size and Volume Forecast by Type
9.7.1. Cast Iron
9.7.2. Steel
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Grease Lubricated Tracks Demand Share Forecast, 2019-2026
10. Latin America Grease Lubricated Tracks Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Grease Lubricated Tracks Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Grease Lubricated Tracks Market Size and Volume Forecast by Application
10.4.1. Construction Equipment
10.4.2. Mining Equipment
10.4.3. Forestry Equipment
10.4.4. Vehicles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Grease Lubricated Tracks Market Size and Volume Forecast by Type
10.7.1. Cast Iron
10.7.2. Steel
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Grease Lubricated Tracks Demand Share Forecast, 2019-2026
11. Europe Grease Lubricated Tracks Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Grease Lubricated Tracks Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Grease Lubricated Tracks Market Size and Volume Forecast by Application
11.4.1. Construction Equipment
11.4.2. Mining Equipment
11.4.3. Forestry Equipment
11.4.4. Vehicles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Grease Lubricated Tracks Market Size and Volume Forecast by Type
11.7.1. Cast Iron
11.7.2. Steel
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Grease Lubricated Tracks Demand Share, 2019-2026
12. Asia Pacific Grease Lubricated Tracks Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Grease Lubricated Tracks Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Grease Lubricated Tracks Market Size and Volume Forecast by Application
12.4.1. Construction Equipment
12.4.2. Mining Equipment
12.4.3. Forestry Equipment
12.4.4. Vehicles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Grease Lubricated Tracks Market Size and Volume Forecast by Type
12.7.1. Cast Iron
12.7.2. Steel
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Grease Lubricated Tracks Demand Share, 2019-2026
13. Middle East & Africa Grease Lubricated Tracks Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Grease Lubricated Tracks Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Grease Lubricated Tracks Market Size and Volume Forecast by Application
13.4.1. Construction Equipment
13.4.2. Mining Equipment
13.4.3. Forestry Equipment
13.4.4. Vehicles
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Grease Lubricated Tracks Market Size and Volume Forecast by Type
13.7.1. Cast Iron
13.7.2. Steel
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Grease Lubricated Tracks Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Grease Lubricated Tracks Market: Market Share Analysis
14.2. Grease Lubricated Tracks Distributors and Customers
14.3. Grease Lubricated Tracks Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Caterpillar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. John Deere
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Komatsu
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Volvo Construction Equipment
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hitachi Construction Equipment
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Liebherr
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
