Grease Gun Market Share

North American Market Forecast

North America industry is predicted to hold largest revenue share of 33% by 2037. Grease guns are commonly used in North American industries for lubrication, including automotive, construction, manufacturing, agricultural, and maintenance. About 2.56 million passenger automobiles were built by North American automakers in 2021. At over 1.5 million, the United States continued to be North America's biggest producer. Technological developments, industry-specific requirements, and general economic conditions can all have an impact on the demand for grease guns in various sectors in the region.

APAC Market Statistics

Grease gun market in the Asia Pacific region is expected to develop at one of the fastest rates with about 28% share over the course of the forecast period. This is because of the growing need for grease guns from the construction, automotive, and agricultural sectors in the region. Furthermore, it is projected that throughout the projection period, the Asia Pacific market is set to develop at the fastest rate due to the region's expanding population and increasing urbanization. With 4.3 billion people living there, or 60% of the world's population, the Asia-Pacific area is home to China and India, the two most populous nations on earth.