Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Grease Pump Market size was valued at USD 10.75 billion in 2024 and is expected to reach USD 20.02 billion by 2037, expanding at around 4.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of grease pump is assessed at USD 11.2 billion.
The growth of the market can be attributed to factors, such as the necessity for an effective lubricating device, general wear and tear in automotive and mechanical components, and rising demand in multiple industries, such as automotive, oil, and construction. In the automotive industry, a grease pump is utilized in the repairing and servicing process. For instance, it is recommended by manufacturers that a vehicle should be serviced every year or after completing 12,000 miles. Furthermore, in 2021, approximately 67 million units of automobiles were sold worldwide. The standard form of grease pump is constantly being developed to facilitate the consumer to work with more accuracy. The manufacturers of grease pumps constantly introduce enhanced and developed forms of the pump in the market. Another major factor to influence the growth of the global grease pump market positively over the forecast period is a large portion of the global population owning some type of vehicle and performing vehicle servicing at home.
