Lubrication Equipment Market Size

Lubrication Equipment Market size was over USD 30.79 billion in 2024 and is set to exceed USD 61 billion by the end of 2037, growing at over 5.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of lubrication equipment is evaluated at USD 32.12 billion. The growth of the market is due to the rising use of industrial and automotive machinery that is driving up demand for lubricants, which are becoming more and more necessary. In the upcoming years, the demand for lubricating equipment is anticipated to be driven by the expansion of the industrial sector. The Department of Labor Statistics estimates that approximately 1.3 million Americans were employed in the equipment manufacturing industry in 2020. The World Commerce Organization estimates that the overall value of international commerce in industrial machinery was approximately USD 1.5 trillion in 2019, with the major exporters being the United States, Germany, and China.

In addition, the drive to lower energy costs and lessen environmental effect is driving up demand for energy-efficient equipment. The purpose of lubricating equipment is to increase mechanical efficiency, which in turn increases demand for the equipment. Also, constant technical improvements characterize the lubricating equipment market. In the upcoming years, the market is anticipated to be driven by the development of new and sophisticated lubrication equipment, such as automatic lubrication systems.