Lubricant Testing Machine Market

Lubricant Testing Machine Market Snapshot (2022 to 2032)

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.

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 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.

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.

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 the 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 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.

Automotive Industry Accelerating Sales of Lubricant Testing Machine in Europe?

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.

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 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

Key Segments Profiled in the Lubricant Testing Machine Industry Survey

By End Use Sector:

• Automotive
• Marine
• Industrial
• Oil & Gas
• Others

By Machine Type:

• Drive-Trains
• Turbines
• Ships
• Trains
• Generators
• Offshore Platforms
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia-Pacific excluding Japan
• Japan
• Middle East and Africa

 

Frequently Asked Questions

What is the anticipated growth of the lubricant testing machine market until 2032?

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

Which region is forecast to be the most lucrative for lubricant testing machine market growth?

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

Which are some prominent lubricant testing machine manufacturers?

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