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Lubricant Testing Machine Market

Market Insights on Lubricant Testing Machine covering sales outlook, demand forecast & up-to-date key trends

Lubricant Testing Machine Market by Machine Type, End Use Sector & Region - Forecast 2022-2032

Lubricant Testing Machine Market Snapshot

Global lubricant testing machine demand is anticipated to be valued at US$ 80 Billion in 2022, forecast to grow at a CAGR of 3.24% to be valued at US$ 110 Billion from 2022 to 2032. Growth is attributed to increased demand for lubricant testing machines from automotive industry

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 77.49 Billion

Expected Market Value (2022)

US$ 80 Billion

Anticipated Forecast Value (2032)

US$ 110 Billion

Projected Growth Rate (2022-2032)

3.24% CAGR

Lubricant testing machine monitors the quality of oils or lubricant used in combustion engines and other expensive machinery and systems. Lubricating oil is the life blood of oil wetted machinery and is necessary for the wellbeing of the equipment.  Lubricants are mainly used in the industrial sector for the seamless operation of machines.

They are also used in automotive industry for smooth working and durability of engines and other components, abrasion and lowering of heat generated through friction while maintaining locomotion of the engine. Lubricants are available in semi-fluid, solid state, and possess numerous features, such as low freezing point, high level of thermal stability, high viscosity index and high boiling point all of which help to lessen friction among surfaces of machine parts and the rate of wear & tear, without negotiating operational efficiency.

To check the aforementioned properties, lubricant testing machines are used to measure these properties and indicate the actual findings. The findings from the lubricant testing machine can help the lubricant manufacturer in rectifying the lubricant quality. Lubricant testing machines are generally employed by product grade certification and testing agencies as well as by the lubricant manufacturer’s internal product development unit.

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Which Factors are Contributing Towards the Growth of Lubricant Testing Machine?

The frequent technological developments in the production of automobiles and industrial machinery have intensified the need for environment-friendly lubricants, high-performance, and their additives. This in turn has enabled the lubricant manufacturers to maintain product conformance standards and develop new prototypes in meeting the updated product characteristics.

The lubricant testing machine market is thus said to benefit from sales of units to the product manufacturers who have otherwise previously never endorsed regular quality tests. The lubricant testing machine is also slated to be used by end users of lubricants such as automotive, marine, and aerospace, etc. which will aid their product performance.

Increase in demand from end use sectors such as automotive, oil & gas, industrial machinery and others will spur demand for lubricant testing machine market. Moreover, stringent regulation and guidelines related to lubricant market will also support the demand lubricant testing machine market for the forecast period.

Which Factors are Restraining the Growth of Lubricant Testing Machine?

The lubricant testing machines function well for longer durations. In addition, they do not require maintenance and constant changes. This, in turn, does not contribute to more sales of the machine. These factors are restraining the growth of lubricant testing machines.

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Principal Consultant
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Lubricant Testing Machine Market: Lubrication Quality Regulations

There are various standards and guidelines related to monitoring oil condition & lubricant testing, and assessment of the lubricants used in your machinery, engines and other similar systems. For instance,

  • SAE (Society of Automotive Engineers): The SAE grade regulates the lubricant’s fluidity at low and high temperatures. It classifies lubricants for engines and transmissions on the basis of their thickness at a reference temperature
  • ACEA: The European Automobile Manufacturers’ Association categorizes lubricants based on their requirements and technical specifications of each engine type. Numerous tests are performed in order to categorize lubricants into uniform categories, mainly using European driving and engines conditions
  • API: The American Petroleum Institute is an organization that signifies the natural gas and petroleum industry
  • ILSAC: The International Lubricants Standardization and Approval Committee is accountable for creating lubricant specifications for commercial cars
  • JASO: The Japanese Automotive Standards Organization (JASO) has its own standards in terms of quality and performance for Japanese engines
  • EURO Standards: The European Community standards specify maximum restricts for heavy-duty vehicle emissions

Multigrade Oils Positively Inflcuening the Demand for Lubricant Testing Machine in North America?

There has been increasing usage of multigrade lubricants in U.S. and Canada. Multigrade oils are ideal in these region due to their better performance in extreme cold climates. Consequently, the engine start-up process is often stuck. To check the antifreeze / anti-knocking properties, the lubricating testing machine market has witnessed a significant growth in its use for the same.

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Automotive Industry Accelerating Sales of Lubricant Testing Machine in Europe?

The automotive industry present in Germany is a huge contributor for the sales of lubricant testing machines. The government regulations for using lubricants is escalating the use of lubricant testing machines. Thus, these factors are escalating the demand for the same. Thus, Europe is expected to register a CAGR of around 8% in the forecast period 2022-2032.

Market Competition

Examples of some of the market participants/vendors identified in the Lubricant Testing Machine market across the globe are Integrated Scientific Ltd, Intertek Group Plc, Amtek Spectro Scientific, Koehler Instrument Company, Inc., Wadegati Labequip Pvt. Ltd, Gianni Scavini di R. Scavini & C. snc, Bimal S.p.A, Geresco among others.

Report Scope

Report Attribute

Details

Growth Rate

CAGR of 3.24% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • End Use Sector
  • Machine
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Integrated Scientific Ltd.
  • Intertek Group Plc
  • Amtek Spectro Scientific
  • Koehler Instrument Company, Inc.
  • Wadegati Labequip Pvt. Ltd.
  • Gianni Scavini di R. Scavini & C. snc
  • Bimal S.p.A
  • Geresco

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Key Segments Profiled in the Lubricant Testing Machine Industry Survey

Lubricant Testing Machine Market by End Use Sector:

  • Automotive Lubricant Testing Machine
  • Marine Lubricant Testing Machine
  • Industrial Lubricant Testing Machine
  • Oil & Gas Lubricant Testing Machine
  • Others Lubricant Testing Machine

Lubricant Testing Machine Market by Machine Type:

  • Drive-Trains Lubricant Testing Machine
  • Turbines Lubricant Testing Machine
  • Ships Lubricant Testing Machine
  • Trains Lubricant Testing Machine
  • Generators Lubricant Testing Machine
  • Offshore Platforms Lubricant Testing Machine
  • Others Lubricant Testing Machine

Lubricant Testing Machine Market by Region:

  • North America Lubricant Testing Machine Market
  • Latin America Lubricant Testing Machine Market
  • Western Europe Lubricant Testing Machine Market
  • Eastern Europe Lubricant Testing Machine Market
  • APEJ Lubricant Testing Machine Market
  • Japan Lubricant Testing Machine Market
  • Middle East and Africa Lubricant Testing Machine Market

 

Frequently Asked Questions

FMI projects the global lubricant testing machine market to expand at a 3.24% value CAGR by 2032

Asia Pacific is expected to be the most opportunistic lubricant testing machine market, expanding at an 8% CAGR

Integrated Scientific Ltd, Intertek Group Plc, Amtek Spectro Scientific, Koehler Instrument Company, Inc., Wadegati Labequip Pvt. Ltd, Gianni Scavini di R. Scavini & C. snc, Bimal S.p.A, Geresco are some prominent lubricant testing machine manufacturers

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Lubricant Testing Machine Market