Rising Penetration of Robot-Based Manufacturing in End Use Industries
According to our latest market study on “Robotics Lubricants Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Base Oil, Product Type, and End Use Industry,” the robotics lubricants market was valued at US$ 3,413.72 million in 2022 and is projected to reach US$ 6,095.41 million by 2028; it is expected to register a CAGR of 10.1% from 2022 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Industrial robots require lubricants to regulate temperatures and loads to maintain precision over a long period of time. High loads and demanding conditions like requirement of large production quantity can cause surface contact over time, leading to wear. Grease or oil protects against vibration damage, and friction, which can lead to cause discontinuation of process. A good grease or oil lubricates well under high loads, ensuring the robot in question is not only able to perform at its peak but can do so consistently over the long term. A high-performance grease or oil extends service life and increases the duration between lubrication intervals. This can lower waste and manual maintenance, resulting in more streamlined and sustainable operations. In 2022, Asia Pacific dominated the robotics lubricants market with the largest share, followed by Europe.
Global Robotics Lubricants Market Breakdown – by Region
Robotics Lubricants Market Forecast to 2028 - Global Analysis by Base Oil (Mineral Oil, Synthetic Oil, and Others), Product Type (Hydraulic Oil, Gear Oil, and Grease), and End Use Industry (Automotive, Food and Beverage, Medical and Healthcare, Electrical and Electronics, Metals, and Other Manufacturing Industries)
Robotics Lubricants Market Size Report and Global Industry Analysis by 2028
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Miller-Stephenson Inc, Shell International BV, Fuchs, Petrolub SE, BP Plc, Idemitsu Kosan Co Ltd, Chemie-Technik GmbH, Anand Engineer Pvt Ltd, Kluber Lubrication GmbH & Co KG, and Schaeffler Austria GmbH are among the major players operating in the global robotics lubricants market. Players operating in the global robotics lubricants market are highly focused on the development of high-quality and innovative product offerings to fulfill customers’ requirements.
Impact of COVID-19 Pandemic on Robotics Lubricants Market
Due to the COVID-19 pandemic, many industries, including chemical & materials, faced unprecedented challenges due to disruptions in the global supply chain that adversely affected the manufacturing, delivery schedules, and sales of various goods. The robotics lubricants market size decreased due to a decline in the growth of automotive, metal, and other manufacturing industries. Many production sites were either partially or fully closed to combat the spread of SARS-CoV-2. The COVID-19 pandemic also caused a reduction in the production activities of robotics lubricants. However, as the economies started reviving their operations post-lockdowns, the demand for robotics lubricants also began to rise globally.
The report includes the segmentation of the global robotics lubricants market as follows:
By base oil, the global robotics lubricants market is segmented into mineral oil, synthetic oil, and others. Based on product type, the robotics lubricants market is segmented into hydraulic oil, gear oil, and grease. In terms of end use industry, the robotics lubricants market is segmented into automotive, food and beverage, medical and healthcare, electrical and electronics, metals, and other manufacturing industries. By geography, the global robotics lubricants market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The robotics lubricants market in North America is further segmented into the US, Canada, and Mexico. The robotics lubricants market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The robotics lubricants market in Asia Pacific is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the MEA is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The robotics lubricants market in South & Central America is subsegmented into Brazil, Argentina, and the Rest of South & Central America.
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