LONDON--(BUSINESS WIRE)--The global industrial grease guns market research report by Technavio predicts the market to post a CAGR of close to 3% during the period 2018-2022.
A key driver for the global industrial grease guns market is the increasing adoption of battery-powered grease guns. Battery-powered grease guns can provide the desired flow rate at high pressure with less effort. These guns are also available with a long hose pipe to switch between grease points. Hence, in industries where there are a high number of greasing points, battery-powered grease guns can save significant time and money.
This global industrial grease guns market research report provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the introduction of integrated grease meters as one of the key trends in the global industrial grease guns market:
Global industrial grease guns market: Introduction of integrated grease meters
The introduction of battery-powered grease guns enables the integration of technological features in them. Lubrication requires skills to prevent under/over lubrication. Under lubrication leads to more friction between the moving parts and over lubrication leads to grease spilling in unwanted areas. Substantial time and effort are required to train maintenance personnel to ensure that the correct quantity of lubricant is dispensed.
“A few vendors have introduced industrial grease guns with integrated grease meters. These grease meters have a display that helps operators dispense only the required amount of grease to the point of application. The time and effort required to train maintenance personnel in an industrial or discrete manufacturing industry can be reduced by the incorporation of integrated grease meter in an industrial grease gun,” says a senior research analyst at Technavio.
Global industrial grease guns market: Segmentation analysis
This industrial grease guns market analysis report segments the market by product (manual industrial grease guns, battery-powered industrial grease guns, and pneumatic industrial grease guns) and geography (the Americas, APAC, and EMEA).
The manual industrial grease guns segment held the largest industrial grease guns market share in 2017, accounting for over 36% of the market. This product segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with approximately 36% of the market share, followed by EMEA and the Americas respectively. APAC is expected to dominate the market throughout the period 2018-2022.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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