North America Manual Lubrication Management System Market Size, Share & Trends Analysis Report By Component (Storage Systems, Lubricant Handling Containers, Distribution Tools), By End-Users (Food and Beverage, Oil and Gas, Mining, Paper and Pulp, Steel, Transportation, Power Generation, Cement, Construction) and By Country(U.S., Canada) Forecasts, 2024-2032

Market Overview

The North American manual lubrication management system market share witnessed significant growth in the past and is expected to grow at a CAGR of 2.8% during the forecast period (2024-2032). The North American manual lubrication management system market is driven by widespread product adoption in steel. Limited associated with the product acts as a restraint for this market. On the other hand, the growing power generation sector is an opportunity for the manual lubrication management system market.

Lubrication management is a crucial part of routine equipment upkeep. Proper lubrication of moving parts increases equipment longevity and reduces maintenance needs. Industrial machinery can be oiled either by hand or automatically. Manual lubrication management requires an oil cup or grease fitting and a portable pump. Lubricant is injected into the friction points via tubing or drilled channels once the pump tube has been connected to the fitting.

Market Dynamics

Market drivers

Widespread product adoption in steel

Sales of passenger vehicles and two-wheelers are boosted by an increase in disposable income and a growth in the demand for mobility. The downstream industries' production activity mostly fuels the steel sector's growth. One of the biggest challenges in an integrated steel production facility is lubrication. The used equipment is operated under various operating conditions, including corrosive conditions, low temperatures, high temperatures, extremely heavy loads, and humid acid environments. High impact loads, water infiltration, scale buildup, high temperatures close to reheating furnaces, and increased speed and unit loads are all applied to the equipment. To achieve high output, the machinery must be continuously supplied with lubrication.

Steel plants have high initial costs and ongoing expenses. Still, they also make money by producing primary steel products continuously with little downtime and maintenance stops carried out by a manual lubrication system. Additionally, machines used in the steel industry must have excellent operational reliability and availability for long periods, which increases product consumption.

Market restraints

Limited associated with the product

Manual lubrication management systems have historically been widely used in the industrial sector. Nevertheless, the disadvantages of manual systems have prompted the transition from manual to automated lubrication management systems in numerous industries. In industries where optimal lubrication is required to ensure efficient operation processes, less downtime, and lower maintenance costs, manual lubrication systems do not guarantee the right amount of lubricant at the right time and place, posing significant risks. Inadequate lubrication increases the likelihood that bearings will fail. Insufficient lubrication is responsible for more than fifty percent of bearing failures. Automated manual lubrication management systems are preferred over manual alternatives by businesses to reduce maintenance costs and improve cost-effectiveness.

Unlike manual lubrication management systems, which require continual worker supervision, automatic lubrication systems deliver the correct amount of oil to the equipment at the correct location and time while it is in use. Moreover, autonomous lubrication system management eliminates the need for a conventional lubrication system and provides reduced attrition, increased equipment longevity, and reduced maintenance costs. Increased environmental and safety regulations that require plant maintenance managers and staff to perform time-consuming tasks result in adopting more effective and improved machine uptime, which impacts manual lubrication management systems.

Market opportunities

Growing power generation sector

Power plants are the backbone of society, as electricity is required in almost all residential and industrial sectors. Energy from both renewable and non-renewable sources is typically used in power generation. Electricity distribution plants are used in this sector to transmit and distribute the power produced using hydro, wind, etc. The rising electricity demand has accelerated power generation efforts. When the machinery employed is suitably lubricated, the smooth production and distribution of power without any loss is achievable. Therefore, the power generation industry relies on manual lubrication management systems to experience lower losses while maintaining high productivity. To maintain efficient power transmission, lubrication is necessary for various machine components, including compressor bearings, gas turbine bearings, generator bearings, thrust bearings, etc. Tighter budgets, challenging operational environments, stringent environmental goals, and punitive penalties for supply disruption and reductions exacerbate the demand for lubrication in power plants.

Regional Analysis

The North America manual lubrication management system market is segmented Based on the country into the U.S. and Canada. The U.S. dominates the country market and is expected to grow at a CAGR of 2.9% during the forecast period.

With a market value of USD 291.79 million, the North American market had the second-largest market share in 2020. The established presence of the automobile, oil and gas, aviation, and food and beverage industries can justify the regional market expansion. The United States' substantial investment in oil and gas development activities will increase regional product demand. Additionally, rising spending on residential development activities is anticipated to accelerate market expansion significantly. Furthermore, expanding the steel industry to serve the automotive and construction sectors, along with strict regulatory standards to increase the energy efficiency of power generation, supports regional growth.

Segmental Analysis

The North America manual lubrication management system market is segmented based on Component, End-Use, and Country.

Based on the component, the market is segmented into Storage Systems, Lubricant Handling Containers, and Distribution Tools.

Storage System dominated the market and is expected to register a CAGR of 3.2% over the forecast period. One of the cornerstones of an efficient lubrication management system is handling the lubricant itself. Safer, less messy, and more efficient lubrication work can be accomplished with oils and greases that have been properly stored and handled. Storage for containers used in handling lubricant is convenient, secure, allows for rapid transport, and allows stock to be rotated. Filter, breather, lubricant label, and a dedicated dispensing line are standard equipment for these containers. Some lubricant containers can include refillable, reusable containers for simple upkeep.

Based on end-use, the market is segmented into Food and Beverage, Oil and Gas, Paper and Pulp, Steel, Transportation, Power Generation, Cement, Construction, and Others.

Steel dominated the market and is expected to register a CAGR of 3.2% over the forecast period. The apparatus used in the cement industry must withstand harsh conditions while also meeting high production demands. Manual lubrication management systems are utilized for various applications in the cement industry, including Electric Motors, Conveyor Bearings, Idlers, Gearboxes, Pinion and Bull Gears, Open Gears, and Rotary Kilns. The cement industry is highly energy-intensive in that equipment is subjected to extreme loading, high temperatures, and high contamination while operating around the clock.

Recent Developments

• Feb 2023- Graco Inc. said it has paid USD 1.1 billion to acquire Spraying Systems Co. The acquisition will broaden Graco's product line and market penetration.