Robotic Lubricants Market Forecasts to 2030 – Global Analysis By Product Type (Gear Oil, Hydraulic Oil and Grease), Lubricant Type (Mineral Lubricants, Synthetic Lubricants, Bio-Based Lubricants and Other Lubricant Types), Application, End User and By Geo

Robotic Lubricants Market Forecasts to 2030 – Global Analysis By Product Type (Gear Oil, Hydraulic Oil and Grease), Lubricant Type (Mineral Lubricants, Synthetic Lubricants, Bio-Based Lubricants and Other Lubricant Types), Application, End User and By Geography

According to Stratistics MRC, the Global Robotic Lubricants Market is accounted for $3.82 billion in 2023 and is expected to reach $8.50 billion by 2030 growing at a CAGR of 12.1% during the forecast period. Robotic lubricants are specialized lubricants designed specifically for use in robotic systems and automation applications. These lubricants are formulated to provide optimal lubrication and protection for the moving components of robots, such as joints, gears, bearings, and actuators. These lubricants provide excellent wear protection, extending the service life of robotic components and reducing the frequency of maintenance and replacement.

According to the International Federation of Robotics in 2022, the operational stock of industrial robots was computed at 3,477,127 units in 2021, a rise of 15% compared to 2020.

Market Dynamics:

Driver:

Rising adoption of industrial robots

Industrial robots are utilized in various applications, including assembly, material handling, welding, painting, and packaging, among others. Robotic lubricants play a crucial role in maintaining the performance and reliability of industrial robots by reducing friction, wear, and heat generation in critical components. Moreover, they help minimize downtime, optimize production processes, and extend the service life of robotic systems, resulting in cost savings and operational efficiency gains for manufacturers, which accelerates market demand.

Restraint:

Concerns about compatibility

Lubricants must be carefully selected to ensure they are compatible with the materials and components used in robotic systems. Incompatibility issues can lead to performance degradation, equipment damage, and increased maintenance costs. Moreover, the complexity of robotic systems, which often involve various materials such as metals, plastics, and elastomers, further complicates compatibility considerations. As a result, concerns about compatibility present a significant threat to the robotic lubricant market.

Opportunity:

Growing emphasis on equipment maintenance and reliability

As industries strive to maximize uptime, reduce maintenance costs, and prolong equipment lifespans, the role of lubricants in ensuring smooth and efficient operation becomes paramount. High-quality robotic lubricants formulated to withstand extreme conditions, minimize friction, and prevent component wear are essential for maintaining equipment reliability and performance. Furthermore, by investing in advanced lubrication solutions, businesses can improve overall equipment effectiveness, minimize unplanned downtime, and enhance productivity.

Threat:

Volatility in raw material prices

Volatility in raw material prices poses a significant threat to the robotic lubricant market. Fluctuations in crude oil prices, geopolitical tensions, and supply chain disruptions can lead to sudden increases in the cost of base oils and additives used in lubricant formulations. However, this volatility impacts the profitability of lubricant manufacturers and increases product costs for end-users, potentially hindering market growth.

Covid-19 Impact

The COVID-19 pandemic had a notable impact on the robotic lubricant market. Initially, the pandemic led to disruptions in supply chains, manufacturing operations, and trade, which affected the availability of raw materials and finished products. Moreover, the economic downturn resulting from the pandemic prompted companies to prioritize cost-cutting measures, leading to deferred investments in automation and robotic systems.

The grease segment is expected to be the largest during the forecast period

The grease segment is estimated to hold the largest share. Grease provides several benefits in robotic applications. Its semi-solid nature allows it to adhere to surfaces and remain in place, providing long-lasting lubrication and protection against friction, wear, and corrosion. This characteristic is particularly advantageous in robotic joints, gears, bearings, and other components subjected to repetitive motion and high loads. Moreover, grease offers excellent sealing properties, helping to prevent the ingress of contaminants such as dust, dirt, and moisture into critical robotic components.

The synthetic lubricants segment is expected to be the largest during the forecast period

The synthetic lubricants segment is anticipated to have lucrative growth during the forecast period, due to their advanced performance characteristics and suitability for demanding robotic applications. They provide exceptional thermal stability, resisting degradation at high temperatures commonly encountered in fast-moving robotic components. This stability helps maintain consistent lubrication performance and extends the service life of robotic systems. Additionally, synthetic lubricants exhibit superior resistance to oxidation and sludge formation, ensuring long-term reliability and minimizing maintenance requirements.

Region with largest share:

North America commanded the largest market share during the extrapolated period, characterized by a strong emphasis on efficiency, innovation, and quality. With a diverse range of industries such as automotive, aerospace, electronics, and pharmaceuticals, the region is a significant adopter of robotic automation. Furthermore, the North American market for robotic lubricants benefits from a mature industrial infrastructure and a high concentration of manufacturing facilities employing advanced robotic systems.

Region with highest CAGR:

Asia Pacific is expected to witness profitable growth over the projection period. One of the primary drivers of the robotic lubricants market in the Asia Pacific is the rapid expansion of manufacturing activities, particularly in sectors such as automotive, electronics, and consumer goods production. Moreover, the region is home to a large number of lubricant manufacturers and suppliers, leveraging advanced research and development capabilities to innovate new lubrication solutions tailored to robotic applications.

Key players in the market

Some of the key players in the Robotic Lubricants Market include Shell Plc, BP Plc, Miller-Stephenson Inc, Idemitsu Kosan Co Ltd, Fuchs Petrolub SE, Anand Engineer Pvt Ltd, Chemie-Technik GmbH, ASV Multichemie Pvt Ltd, Kluber Lubrication GmbH & Co KG and Schaeffler Austria GmbH.

Key Developments:

In December 2023, BP Plc has announced a memorandum of understanding (MoU) with Chinese shipping giant Cosco Shipping enhancing the oil giant’s operations across China.

In September 2023, Oil and gas major BP Plc and Subsea Integration Alliance have formed a partnership to enhance the performance of subsea projects.

In November 2023, Shell New Energies UK Ltd (“Shell”), an international energy company announced its collaboration with Infosys a global leader in next-generation digital services, to accelerate adoption of immersion cooling services for data centers.

In February 2022, Shell plc and Hyundai Motor Company are embarking on a new strategic collaboration to explore ways to offer lower carbon emissions products and services and to reduce emissions across their operations.

Product Types Covered:
• Gear Oil
• Hydraulic Oil
• Grease

Lubricant Types Covered:
• Mineral Lubricants
• Synthetic Lubricants
• Bio-Based Lubricants
• Other Lubricant Types

Applications Covered:
• Industrial Robots
• Collaborative Robots
• Service Robots
• Other Applications

End Users Covered:
• Automotive
• Electronics
• Aerospace
• Manufacturing
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements