Global Grease Pump Market Report and Forecast 2024-2032

Global Grease Pump Market Outlook

The global grease pump market is projected to grow at a CAGR of 6.40% between 2024 and 2032. The market is being aided by the rising use of grease pumps in industrial applications.

Key Trends in the Market

A grease pump is a tool used for lubricating internal parts of machinery. Majorly used in the manufacturing and automobile sectors, a grease pump provides a cost-effective and efficient solution to sloppy and traditional manual greasing techniques.

• Rapid industrialisation and the rising usage of machinery in different sectors are propelling the grease pump market demand. Grease pumps are integral for efficiently applying grease to industrial machinery.

• With the increasing usage of grease in industrial and automotive applications, the demand for versatile grease pumps to enhance the efficiency of greasing, add anti-wear and oxidation inhibitors to grease, and minimise abrasion is surging.

• The growing vehicle ownership and the rising popularity of DIY projects for vehicle repair and maintenance are significant grease pump market trends. Moreover, on-vehicle grease pumps are gaining popularity to deliver optimal lubrication, lower maintenance costs, and reduce unplanned downtimes.

Market Analysis

Based on type, the market can be categorised as manual, electric, and hydraulic, among others. The market, based on pressure, is divided into below 50, 51 to 100, 101 to 200, 201 to 350, 351 to 500, and above 500.

Based on pump type, the grease pump market segmentation includes centrifugal, peristaltic, rotatory piston, and air operated. By end user, the market is divided into automotive, consumer electronics, mining, and construction, among others. The major regional markets for grease pump include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global grease pump market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

• SKF Group 

• Graco Inc

• Dropsa SPA 

• SAMAO Industrial, S.A.

• TriRotor Inc.

• Castle Pump Ltd. 

• Bartco Tech Corporation 

• DAV Tech Srl

• LUBE Corporation 

• Tata Agrico 

• Others

Market Share by Type

Electric grease pumps are likely to represent a significant portion of the grease pump market share in the coming years. Such pumps are more efficient and require electricity to function. They are designed on the principle of suction and dispensing and are commonly used in automobile and heavy machinery manufacturing applications.

Meanwhile, manual grease pumps are easy-to-use and operate on the principle of vacuum. The grease is sucked from the source and delivered to the destination using pipelines. These pumps are generally used in small workshops with a shortage of electricity. In contrast, hydraulic grease pumps use different hydraulic pressures to push out the grease at different rates. They offer the most time-effective method of applying grease to any machinery.

Market Share by Region

As per the grease pump market analysis, the Asia Pacific is expected to grow a healthy pace in the forecast period owing to rapid industrialisation and surging vehicle manufacturing in India and China. Meanwhile, Europe is expected to show tremendous growth in the coming years due to the booming automobile sector. This, along with rising awareness regarding the benefits of grease pumps, is expected to fuel the market in upcoming years.

Competitive Landscape

SKF Group is a Swedish industrial equipment manufacturing company that began its operation in 1907. It started off as a bearings manufacturing company but later diversified its product portfolio. Its grease guns are widely preferred for industrial and agricultural uses.

Graco Inc started its operation back in 1926 and is headquartered in Minneapolis, the United States. It markets and manufactures products and solutions used for dispensing, moving, and measuring fluid and powder materials.

Tata Agrico is the subsidiary of Tata Steel and was established in 1925. Headquartered in Kolkata, India, the company offers construction and agriculture tools and hand tools for use in both private and public sectors.

Other major players in the global grease pump market include Dropsa SPA, SAMOA Industrial, S.A., TriRotor Inc, Castle Pump Ltd., Bartco Tech Corporation, DAV Tech SrI, and LUBE Corporation, among others.

Key Highlights of the Report