Global Grease Cartridges Market to Reach $451.8 Million by 2030
The global market for Grease Cartridges estimated at US$316.7 Million in the year 2023, is expected to reach US$451.8 Million by 2030, growing at a CAGR of 5.2% over the analysis period 2023-2030. 14 oz Capacity Grease Cartridges, one of the segments analyzed in the report, is expected to record a 5.9% CAGR and reach US$237.2 Million by the end of the analysis period. Growth in the 3 oz Capacity Grease Cartridges segment is estimated at 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $84.7 Million, While China is Forecast to Grow at 8.5% CAGR
The Grease Cartridges market in the U.S. is estimated at US$84.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$100.2 Million by the year 2030 trailing a CAGR of 8.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$61.1 Million by the year 2030.
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