Global lubricant testing machine demand is anticipated to be valued at USD 80 Billion in 2022, forecast to grow at a CAGR of 3.24% to be valued at USD 110 Billion from 2022 to 2032. Growth is attributed to increased demand for lubricant testing machines from the automotive industry
Report Attribute | Details |
---|---|
Estimated Base Year Value (2021) | USD 77.49 Billion |
Expected Market Value (2022) | USD 80 Billion |
Anticipated Forecast Value (2032) | USD 110 Billion |
Projected Growth Rate (2022 to 2032) | 3.24% CAGR |
A lubricant testing machine monitors the quality of oils or lubricants used in combustion engines and other expensive machinery and systems. Lubricating oil is the lifeblood of oil-wetted machinery and is necessary for the well-being of the equipment. Lubricants are mainly used in the industrial sector for the seamless operation of machines.
They are also used in the automotive industry for smooth working and durability of engines and other components, abrasion, and lowering of heat generated through friction while maintaining the locomotion of the engine. Lubricants are available in the semi-fluid, solid states, 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.
The frequent technological developments in the production of automobiles and industrial machinery have intensified the need for environment-friendly lubricants, high-performance, and 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, 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 the lubricant testing machine market. Moreover, stringent regulations and guidelines related to the lubricant market will also support the demand for the lubricant testing machine market for the forecast period.
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.
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,
There has been increasing usage of multigrade lubricants in USA and Canada. Multigrade oils are ideal in this region due to their better performance in extremely 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 significant growth in its use for the same.
The automotive industry present in Germany is a huge contributor to the sales of lubricant testing machines. The government regulations for using lubricants are 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 to 2032.
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 Attribute | Details |
---|---|
Growth Rate | CAGR of 3.24% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2015 to 2020 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million and CAGR from 2022 to 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; Asia-Pacific excluding Japan; Japan; Middle East and Africa |
Key Countries Profiled | United States of America, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC Countries, 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 |
Customization | Available Upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Volume (Units) Forecast by Region, 2017 to 2032
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Table 7: Global Market Value (US$ Million) Forecast by End Use Industry, 2017 to 2032
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Table 9: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
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Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
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Table 19: Latin America Market Value (US$ Million) Forecast by Product Type, 2017 to 2032
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Table 25: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
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Table 27: Europe Market Value (US$ Million) Forecast by Product Type, 2017 to 2032
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Table 29: Europe Market Value (US$ Million) Forecast by Portability, 2017 to 2032
Table 30: Europe Market Volume (Units) Forecast by Portability, 2017 to 2032
Table 31: Europe Market Value (US$ Million) Forecast by End Use Industry, 2017 to 2032
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Table 33: East Asia Market Value (US$ Million) Forecast by Country, 2017 to 2032
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Table 35: East Asia Market Value (US$ Million) Forecast by Product Type, 2017 to 2032
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Table 41: South Asia & Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
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Table 47: South Asia & Pacific Market Value (US$ Million) Forecast by End Use Industry, 2017 to 2032
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Table 49: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 50: Middle East and Africa Market Volume (Units) Forecast by Country, 2017 to 2032
Table 51: Middle East and Africa Market Value (US$ Million) Forecast by Product Type, 2017 to 2032
Table 52: Middle East and Africa Market Volume (Units) Forecast by Product Type, 2017 to 2032
Table 53: Middle East and Africa Market Value (US$ Million) Forecast by Portability, 2017 to 2032
Table 54: Middle East and Africa Market Volume (Units) Forecast by Portability, 2017 to 2032
Table 55: Middle East and Africa Market Value (US$ Million) Forecast by End Use Industry, 2017 to 2032
Table 56: Middle East and Africa Market Volume (Units) Forecast by End Use Industry, 2017 to 2032
Figure 1: Global Market Value (US$ Million) by Product Type, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Portability, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by End Use Industry, 2022 to 2032
Figure 4: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 6: Global Market Volume (Units) Analysis by Region, 2017 to 2032
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 9: Global Market Value (US$ Million) Analysis by Product Type, 2017 to 2032
Figure 10: Global Market Volume (Units) Analysis by Product Type, 2017 to 2032
Figure 11: Global Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 12: Global Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 13: Global Market Value (US$ Million) Analysis by Portability, 2017 to 2032
Figure 14: Global Market Volume (Units) Analysis by Portability, 2017 to 2032
Figure 15: Global Market Value Share (%) and BPS Analysis by Portability, 2022 to 2032
Figure 16: Global Market Y-o-Y Growth (%) Projections by Portability, 2022 to 2032
Figure 17: Global Market Value (US$ Million) Analysis by End Use Industry, 2017 to 2032
Figure 18: Global Market Volume (Units) Analysis by End Use Industry, 2017 to 2032
Figure 19: Global Market Value Share (%) and BPS Analysis by End Use Industry, 2022 to 2032
Figure 20: Global Market Y-o-Y Growth (%) Projections by End Use Industry, 2022 to 2032
Figure 21: Global Market Attractiveness by Product Type, 2022 to 2032
Figure 22: Global Market Attractiveness by Portability, 2022 to 2032
Figure 23: Global Market Attractiveness by End Use Industry, 2022 to 2032
Figure 24: Global Market Attractiveness by Region, 2022 to 2032
Figure 25: North America Market Value (US$ Million) by Product Type, 2022 to 2032
Figure 26: North America Market Value (US$ Million) by Portability, 2022 to 2032
Figure 27: North America Market Value (US$ Million) by End Use Industry, 2022 to 2032
Figure 28: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 30: North America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 33: North America Market Value (US$ Million) Analysis by Product Type, 2017 to 2032
Figure 34: North America Market Volume (Units) Analysis by Product Type, 2017 to 2032
Figure 35: North America Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 36: North America Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 37: North America Market Value (US$ Million) Analysis by Portability, 2017 to 2032
Figure 38: North America Market Volume (Units) Analysis by Portability, 2017 to 2032
Figure 39: North America Market Value Share (%) and BPS Analysis by Portability, 2022 to 2032
Figure 40: North America Market Y-o-Y Growth (%) Projections by Portability, 2022 to 2032
Figure 41: North America Market Value (US$ Million) Analysis by End Use Industry, 2017 to 2032
Figure 42: North America Market Volume (Units) Analysis by End Use Industry, 2017 to 2032
Figure 43: North America Market Value Share (%) and BPS Analysis by End Use Industry, 2022 to 2032
Figure 44: North America Market Y-o-Y Growth (%) Projections by End Use Industry, 2022 to 2032
Figure 45: North America Market Attractiveness by Product Type, 2022 to 2032
Figure 46: North America Market Attractiveness by Portability, 2022 to 2032
Figure 47: North America Market Attractiveness by End Use Industry, 2022 to 2032
Figure 48: North America Market Attractiveness by Country, 2022 to 2032
Figure 49: Latin America Market Value (US$ Million) by Product Type, 2022 to 2032
Figure 50: Latin America Market Value (US$ Million) by Portability, 2022 to 2032
Figure 51: Latin America Market Value (US$ Million) by End Use Industry, 2022 to 2032
Figure 52: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 54: Latin America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 57: Latin America Market Value (US$ Million) Analysis by Product Type, 2017 to 2032
Figure 58: Latin America Market Volume (Units) Analysis by Product Type, 2017 to 2032
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 61: Latin America Market Value (US$ Million) Analysis by Portability, 2017 to 2032
Figure 62: Latin America Market Volume (Units) Analysis by Portability, 2017 to 2032
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Portability, 2022 to 2032
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Portability, 2022 to 2032
Figure 65: Latin America Market Value (US$ Million) Analysis by End Use Industry, 2017 to 2032
Figure 66: Latin America Market Volume (Units) Analysis by End Use Industry, 2017 to 2032
Figure 67: Latin America Market Value Share (%) and BPS Analysis by End Use Industry, 2022 to 2032
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by End Use Industry, 2022 to 2032
Figure 69: Latin America Market Attractiveness by Product Type, 2022 to 2032
Figure 70: Latin America Market Attractiveness by Portability, 2022 to 2032
Figure 71: Latin America Market Attractiveness by End Use Industry, 2022 to 2032
Figure 72: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 73: Europe Market Value (US$ Million) by Product Type, 2022 to 2032
Figure 74: Europe Market Value (US$ Million) by Portability, 2022 to 2032
Figure 75: Europe Market Value (US$ Million) by End Use Industry, 2022 to 2032
Figure 76: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 78: Europe Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 81: Europe Market Value (US$ Million) Analysis by Product Type, 2017 to 2032
Figure 82: Europe Market Volume (Units) Analysis by Product Type, 2017 to 2032
Figure 83: Europe Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 84: Europe Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 85: Europe Market Value (US$ Million) Analysis by Portability, 2017 to 2032
Figure 86: Europe Market Volume (Units) Analysis by Portability, 2017 to 2032
Figure 87: Europe Market Value Share (%) and BPS Analysis by Portability, 2022 to 2032
Figure 88: Europe Market Y-o-Y Growth (%) Projections by Portability, 2022 to 2032
Figure 89: Europe Market Value (US$ Million) Analysis by End Use Industry, 2017 to 2032
Figure 90: Europe Market Volume (Units) Analysis by End Use Industry, 2017 to 2032
Figure 91: Europe Market Value Share (%) and BPS Analysis by End Use Industry, 2022 to 2032
Figure 92: Europe Market Y-o-Y Growth (%) Projections by End Use Industry, 2022 to 2032
Figure 93: Europe Market Attractiveness by Product Type, 2022 to 2032
Figure 94: Europe Market Attractiveness by Portability, 2022 to 2032
Figure 95: Europe Market Attractiveness by End Use Industry, 2022 to 2032
Figure 96: Europe Market Attractiveness by Country, 2022 to 2032
Figure 97: East Asia Market Value (US$ Million) by Product Type, 2022 to 2032
Figure 98: East Asia Market Value (US$ Million) by Portability, 2022 to 2032
Figure 99: East Asia Market Value (US$ Million) by End Use Industry, 2022 to 2032
Figure 100: East Asia Market Value (US$ Million) by Country, 2022 to 2032
Figure 101: East Asia Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 102: East Asia Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 103: East Asia Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 104: East Asia Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 105: East Asia Market Value (US$ Million) Analysis by Product Type, 2017 to 2032
Figure 106: East Asia Market Volume (Units) Analysis by Product Type, 2017 to 2032
Figure 107: East Asia Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 108: East Asia Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 109: East Asia Market Value (US$ Million) Analysis by Portability, 2017 to 2032
Figure 110: East Asia Market Volume (Units) Analysis by Portability, 2017 to 2032
Figure 111: East Asia Market Value Share (%) and BPS Analysis by Portability, 2022 to 2032
Figure 112: East Asia Market Y-o-Y Growth (%) Projections by Portability, 2022 to 2032
Figure 113: East Asia Market Value (US$ Million) Analysis by End Use Industry, 2017 to 2032
Figure 114: East Asia Market Volume (Units) Analysis by End Use Industry, 2017 to 2032
Figure 115: East Asia Market Value Share (%) and BPS Analysis by End Use Industry, 2022 to 2032
Figure 116: East Asia Market Y-o-Y Growth (%) Projections by End Use Industry, 2022 to 2032
Figure 117: East Asia Market Attractiveness by Product Type, 2022 to 2032
Figure 118: East Asia Market Attractiveness by Portability, 2022 to 2032
Figure 119: East Asia Market Attractiveness by End Use Industry, 2022 to 2032
Figure 120: East Asia Market Attractiveness by Country, 2022 to 2032
Figure 121: South Asia & Pacific Market Value (US$ Million) by Product Type, 2022 to 2032
Figure 122: South Asia & Pacific Market Value (US$ Million) by Portability, 2022 to 2032
Figure 123: South Asia & Pacific Market Value (US$ Million) by End Use Industry, 2022 to 2032
Figure 124: South Asia & Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 125: South Asia & Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 126: South Asia & Pacific Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 127: South Asia & Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 128: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 129: South Asia & Pacific Market Value (US$ Million) Analysis by Product Type, 2017 to 2032
Figure 130: South Asia & Pacific Market Volume (Units) Analysis by Product Type, 2017 to 2032
Figure 131: South Asia & Pacific Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 132: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 133: South Asia & Pacific Market Value (US$ Million) Analysis by Portability, 2017 to 2032
Figure 134: South Asia & Pacific Market Volume (Units) Analysis by Portability, 2017 to 2032
Figure 135: South Asia & Pacific Market Value Share (%) and BPS Analysis by Portability, 2022 to 2032
Figure 136: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Portability, 2022 to 2032
Figure 137: South Asia & Pacific Market Value (US$ Million) Analysis by End Use Industry, 2017 to 2032
Figure 138: South Asia & Pacific Market Volume (Units) Analysis by End Use Industry, 2017 to 2032
Figure 139: South Asia & Pacific Market Value Share (%) and BPS Analysis by End Use Industry, 2022 to 2032
Figure 140: South Asia & Pacific Market Y-o-Y Growth (%) Projections by End Use Industry, 2022 to 2032
Figure 141: South Asia & Pacific Market Attractiveness by Product Type, 2022 to 2032
Figure 142: South Asia & Pacific Market Attractiveness by Portability, 2022 to 2032
Figure 143: South Asia & Pacific Market Attractiveness by End Use Industry, 2022 to 2032
Figure 144: South Asia & Pacific Market Attractiveness by Country, 2022 to 2032
Figure 145: Middle East and Africa Market Value (US$ Million) by Product Type, 2022 to 2032
Figure 146: Middle East and Africa Market Value (US$ Million) by Portability, 2022 to 2032
Figure 147: Middle East and Africa Market Value (US$ Million) by End Use Industry, 2022 to 2032
Figure 148: Middle East and Africa Market Value (US$ Million) by Country, 2022 to 2032
Figure 149: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 150: Middle East and Africa Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 151: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 152: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 153: Middle East and Africa Market Value (US$ Million) Analysis by Product Type, 2017 to 2032
Figure 154: Middle East and Africa Market Volume (Units) Analysis by Product Type, 2017 to 2032
Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 157: Middle East and Africa Market Value (US$ Million) Analysis by Portability, 2017 to 2032
Figure 158: Middle East and Africa Market Volume (Units) Analysis by Portability, 2017 to 2032
Figure 159: Middle East and Africa Market Value Share (%) and BPS Analysis by Portability, 2022 to 2032
Figure 160: Middle East and Africa Market Y-o-Y Growth (%) Projections by Portability, 2022 to 2032
Figure 161: Middle East and Africa Market Value (US$ Million) Analysis by End Use Industry, 2017 to 2032
Figure 162: Middle East and Africa Market Volume (Units) Analysis by End Use Industry, 2017 to 2032
Figure 163: Middle East and Africa Market Value Share (%) and BPS Analysis by End Use Industry, 2022 to 2032
Figure 164: Middle East and Africa Market Y-o-Y Growth (%) Projections by End Use Industry, 2022 to 2032
Figure 165: Middle East and Africa Market Attractiveness by Product Type, 2022 to 2032
Figure 166: Middle East and Africa Market Attractiveness by Portability, 2022 to 2032
Figure 167: Middle East and Africa Market Attractiveness by End Use Industry, 2022 to 2032
Figure 168: Middle East and Africa Market Attractiveness by Country, 2022 to 2032
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, and Geresco are some prominent lubricant testing machine manufacturers
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