Lubrication systems market

SKF's MKx compact lubrication gear pump unit.

The global lubrication market, consisting of automatic lubrication systems, design and installation and manual lubrication tools and equipment, was relatively unchanged over the first half of the year in local currencies, with some industries like mining reducing in size. In the end of the year we saw some encouraging increase like renewable energy and also in heavy industries. The overall market size in 2016 remained similar at around SEK 30 billion worldwide.

Automatic or centralized lubrication systems provide precise amounts of lubricants – oil or grease – to moving parts, notably bearings, to minimize friction and wear. These systems are increasingly seen as mission-critical products aimed at improving the productivity, reliability, energy efficiency, environmental compliance and maintenance of vehicles and industrial machinery. Automatic lubrication systems include pumps, reservoirs, valves, pipes, metering system, connectors and controllers. Tools and equipment include grease guns, reels, meters, pumps and fluid drain systems. Design and installation services are playing a more important role than before.

The market trend is to move from manual solutions to automatic and centralized lubrication systems, this drives market growth above the underlying market growth. SKF estimates that only 20% of the lubrication points today have automatic lubrication. Large industrial processing equipment in the cement, mining and mineral processing, steel and paper industries accounts for almost 50% of global demand, while vehicles – agricultural, mobile mining and construction, trucks and trailers – and industrial machines, such as machine tools and printing machines, each account for around 25% of the market. By region, European markets account for about 35%, North and Latin America together make up about 35%, and Asia and the rest of the world account for 30%.

SKF has a strong presence in both the grease and the oil-based lubrication systems market globally. For tools and equipment SKF has a strong presence in the North American market. The remainder of the market is highly fragmented with few truly international suppliers and a large amount of small to mid-sized competitors. The number of competitors is increasing but the size of the major players seems to be on same level compared to previous years. SKF’s competitors include BEKA (Germany), Groeneveld Group (Netherlands), LUBE Corp (Japan), Bijur Delimon (USA), Graco (USA), Weidong Woodoo (PR China), Samoa Group (Spain) and others.

The global lubrication market, consisting of automatic lubrication systems, design and installation and manual lubrication tools and equipment, was relatively unchanged over the first half of the year in local currencies, with some industries like mining reducing in size. In the end of the year we saw some encouraging increase like renewable and also in heavy industries. The overall market size in 2016 remained similar at around SEK 30 billion worldwide.

Automatic or centralized lubrication systems provide precise amounts of lubricants – oil or grease – to moving parts, notably bearings, to minimize friction and wear. These systems are increasingly seen as mission-critical products aimed at improving the productivity, reliability, energy efficiency, environmental compliance and maintenance of vehicles and industrial machinery. Automatic lubrication systems include pumps, reservoirs, valves, pipes, metering system, connectors and controllers. Tools and equipment include grease guns, reels, meters, pumps and fluid drain systems. Design and installation services are playing a more important role than before.

The market trend is to move from manual solutions to automatic and centralized lubrication systems, this drives market growth above the underlying market growth. SKF estimates that only 20% of the lubrication points today have automatic lubrication. Large industrial processing equipment in the cement, mining and mineral processing, steel and paper industries accounts for almost 50% of global demand, while vehicles – agricultural, mobile mining and construction, trucks and trailers – and industrial machines, such as machine tools and printing machines, each account for around 25% of the market. By region, European markets account for about 35%, North and Latin America together make up about 35%, and Asia and the rest of the world account for 30%.

SKF has a strong presence in both the grease and the oil-based lubrication systems market globally. For tools and equipment SKF has a strong presence in the North American market. The remainder of the market is highly fragmented with few truly international suppliers and a large amount of small to mid-sized competitors. The number of competitors is increasing but the size of the major players seems to be on same level compared to previous years. SKF’s competitors include BEKA (Germany), Groeneveld Group (Netherlands), LUBE Corp (Japan), Bijur Delimon (USA), Graco (USA), Weidong Woodoo (PR China), Samoa Group (Spain) and others.


SKF logo