North America Robotics Lubricants Market Forecast to 2028- Regional Analysis- by Base Oil (Mineral Oil, Synthetic Oil, and Others), Product Type (Hydraulic Oil, Gear Oil, and Grease), and End Use Industry (Automotive, Food and Beverage, Medical and Healthcare, Electrical and Electronics, Metals, and Other Manufacturing Industries)
The North America robotics lubricants market is expected to grow from US$ 465.14 million in 2022 to US$ 795.05 million by 2028. It is estimated to grow at a CAGR of 9.3% from 2022 to 2028.
Increasing Demand for Robotics Lubricants from Automotive Industry Drive North America Robotics Lubricants Market
The rising vehicle production resulted in the adoption of automation in the automotive industry. Automation and the use of industrial robots increase the operational efficiency and productivity in automotive assembly plants. Industrial robots increase the productivity of manufacturing operations and positively impact industrial competitiveness. Further, there is an inverse relationship between industrial robot density and work hours, i.e., an increase in industrial robot density results in decreased work hours. According to a report published by the US Census Bureau in 2022, the motor vehicle, body trailer, and vehicle component manufacturing industry invested US$ 1,923 million in robotic equipment in 2021. Industrial robots perform diverse operations, from material handling, assembly, and welding to finishing and palletizing applications. Robotic components are subjected to extensive movement, high heat, high speed, and friction, thus requiring periodic inspection and servicing. The automotive industry requires optimized robotics lubricants that are tolerant to extreme temperatures, can minimize downtime, and help achieve long service intervals. Thus, the increasing demand for robots in the automotive industry is driving the North America robotics lubricants market.
North America Robotics Lubricants Market Overview
The adoption of robotics and automation has grown in North America in the past few years, especially in the manufacturing sector, to boost productivity and reduce operational costs. The constant material handling and operations by robots lead to the wear and corrosion of robotic components. The utilization of robotics oil and greases enhance service life and reduce downtime of robotic components. According to the Association for Advancing Automation, the companies in North America ordered ~44,196 robots in 2022, with a sale of US$ 2.38 billion. The report revealed a growth in robot order size by 11% and a rise in sales value by 18% in 2022 compared to 2021. Rising operations of automotive companies were the major driving factor for growing sales of robots in the region, contributing to more than 50% of total robot sales in 2022. In North America, rising production of electric vehicles prompted automotive sector to accelerate automation and robotic installations, which in turn has increased the demand for robots. Robot sales by North American companies grew by 24% in 2022 compared to 2021 and accounted for the sales of 35,804 robots in the first 9 months of 2022. According to the press release by the International Federation of Robotics 2022, robot orders by automotive and associated components manufacturers grew by 15% year-on-year in 2022. Moreover, automotive industries are focused on expansion projects pertaining to the advancement of factories and an increase in battery production capacity, which, in turn, is expected to create a demand for industrial robots during the forecast period. Thus, the rise in robot sales in the region is anticipated to boost the demand for robotics lubricants.
North America Robotics Lubricants Market Revenue and Forecast to 2028 (US$ Million)
North America Robotics Lubricants Market Segmentation
The North America Robotics lubricants market is segmented into base oil, product type, end use industry, and country.
Based on base oil, the North America robotics lubricants market is segmented into mineral oil, synthetic oil, and others. In 2022, the mineral oil segment registered a largest share in the North America robotics lubricants market.
Based on product type, the North America robotics lubricants market is segmented into hydraulic oil, gear oil, and grease. In 2022, the grease segment registered a largest share in the North America robotics lubricants market.
Based on end use industry, the North America robotics lubricants market is segmented into automotive, food and beverage, medical and healthcare, electrical and electronics, metals, and other manufacturing industries. In 2022, the automotive segment registered a largest share in the North America robotics lubricants market.
Based on country, the North America robotics lubricants market is segmented into the US, Canada, Mexico. In 2022, the US segment registered a largest share in the North America robotics lubricants market.
BP Plc, Fuchs Petrolub SE, Idemitsu Kosan Co Ltd, Kluber Lubrication GmbH & Co KG, Miller-Stephenson Inc, Schaeffler Austria GmbH, and Shell Plc are the leading companies operating in the North America robotics lubricants market.
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- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 North America Robotics Lubricants Market, by Base Oil
- 1.3.2 North America Robotics Lubricants Market, by Product Type
- 1.3.3 North America Robotics Lubricants Market, by End Use Industry
- 1.3.4 North America Robotics Lubricants Market, by Country
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Scope of the Study
- 3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:
- 4. North America Robotics Lubricants Market Landscape
- 4.1 Market Overview
- 4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Intensity of Competitive Rivalry
- 4.2.5 Threat of Substitutes
- 4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Robotics Lubricants Manufacturers
- 4.3.3 Distributors/Suppliers
- 4.3.4 End-Use Industries
- 4.4 Expert Opinion
- 5. North America Robotics Lubricants Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Increasing Demand for Robotics Lubricants from Automotive Industry
- 5.1.2 Rising Preference for Robot Greases in End-use Industries
- 5.2 Market Restraints
- 5.2.1 Volatility in Prices of Raw Materials
- 5.3 Market Opportunities
- 5.3.1 Penetration of Robotics in Manufacturing Sector
- 5.4 Future Trends
- 5.4.1 Adoption of Synthetic Oil-Based Robotics Lubricants
- 5.5 Impact Analysis of Drivers and Restraints
- 6. Robotics Lubricants– North America Market Analysis
- 6.1 North America Robotics Lubricants Market –Volume and Forecast to 2028 (Kilo Tons)
- 6.2 North America Robotics Lubricants Market –Revenue and Forecast to 2028 (US$ Million)
- 7. North America Robotics Lubricants Market Analysis – By Base Oil
- 7.1 Overview
- 7.2 North America Robotics Lubricants Market, By Base Oil (2021 and 2028)
- 7.3 Mineral Oil
- 7.3.1 Overview
- 7.3.2 Mineral Oil: North America Robotics Lubricants Market – Revenue and Forecast to 2028 (US$ Million)
- 7.4 Synthetic Oil
- 7.4.1 Overview
- 7.4.2 Synthetic Oil: North America Robotics Lubricants Market – Revenue and Forecast to 2028 (US$ Million)
- 7.5 Others
- 7.5.1 Overview
- 7.5.2 Others: North America Robotics Lubricants Market – Revenue and Forecast to 2028 (US$ Million)
- 8. North America Robotics Lubricants Market Analysis – By Product Type
- 8.1 Overview
- 8.2 North America Robotics Lubricants Market, By Product Type (2021 and 2028)
- 8.3 Hydraulic Oil
- 8.3.1 Overview
- 8.3.2 Hydraulic Oil: North America Robotics Lubricants Market – Volume and Forecast to 2028 (Kilo Tons)
- 8.3.3 Hydraulic Oil: North America Robotics Lubricants Market – Revenue and Forecast to 2028 (US$ Million)
- 8.4 Gear Oil
- 8.4.1 Overview
- 8.4.2 Gear Oil: North America Robotics Lubricants Market – Volume and Forecast to 2028 (Kilo Tons)
- 8.4.3 Gear Oil: North America Robotics Lubricants Market – Revenue and Forecast to 2028 (US$ Million)
- 8.5 Grease
- 8.5.1 Overview
- 8.5.2 Grease: North America Robotics Lubricants Market – Volume and Forecast to 2028 (Kilo Tons)
- 8.5.3 Grease: North America Robotics Lubricants Market – Revenue and Forecast to 2028 (US$ Million)
- 9. North America Robotics Lubricants Market Analysis – By End Use Industry
- 9.1 Overview
- 9.2 North America Robotics Lubricants Market, By End Use Industry (2021 and 2028)
- 9.3 Automotive
- 9.3.1 Overview
- 9.3.2 Automotive: North America Robotics Lubricants Market – Revenue and Forecast to 2028 (US$ Million)
- 9.4 Food and Beverage
- 9.4.1 Overview
- 9.4.2 Food and Beverage: North America Robotics Lubricants Market – Revenue and Forecast to 2028 (US$ Million)
- 9.5 Medical and Healthcare
- 9.5.1 Overview
- 9.5.2 Medical and Healthcare: North America Robotics Lubricants Market – Revenue and Forecast to 2028 (US$ Million)
- 9.6 Electrical and Electronics
- 9.6.1 Overview
- 9.6.2 Electrical and Electronics: North America Robotics Lubricants Market – Revenue and Forecast to 2028 (US$ Million)
- 9.7 Metals
- 9.7.1 Overview
- 9.7.2 Metals: North America Robotics Lubricants Market– Revenue and Forecast to 2028 (US$ Million)
- 9.8 Other Manufacturing Industries
- 9.8.1 Overview
- 9.8.2 Other Manufacturing Industries: North America Robotics Lubricants Market – Revenue and Forecast to 2028 (US$ Million)
- 10. North America Robotics Lubricants Market – Country Analysis
- 10.1 Overview
- 10.1.1 North America: Robotics Lubricants Market, by Key Country
- 10.1.1.1 US: Robotics Lubricants Market – Volume and Forecast to 2028 (Kilo Tons)
- 10.1.1.2 US: Robotics Lubricants Market – Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.2.1 US: Robotics Lubricants Market, by Base Oil
- 10.1.1.2.2 US: Robotics Lubricants Market, by Product Type
- 10.1.1.2.3 US: Robotics Lubricants Market, by Product Type
- 10.1.1.2.4 US: Robotics Lubricants Market, by End Use Industry
- 10.1.1.3 Canada: Robotics Lubricants Market – Volume and Forecast to 2028 (Kilo Tons)
- 10.1.1.4 Canada: Robotics Lubricants Market – Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.4.1 Canada: Robotics Lubricants Market, by Base Oil
- 10.1.1.4.2 Canada: Robotics Lubricants Market, by Product Type
- 10.1.1.4.3 Canada: Robotics Lubricants Market, by Product Type
- 10.1.1.4.4 Canada: Robotics Lubricants Market, by End Use Industry
- 10.1.1.5 Mexico: Robotics Lubricants Market – Volume and Forecast to 2028 (Kilo Tons)
- 10.1.1.6 Mexico: Robotics Lubricants Market – Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.6.1 Mexico: Robotics Lubricants Market, by Base Oil
- 10.1.1.6.2 Mexico: Robotics Lubricants Market, by Product Type
- 10.1.1.6.3 Mexico: Robotics Lubricants Market, by Product Type
- 10.1.1.6.4 Mexico: Robotics Lubricants Market, by End Use Industry
- 11. Industry Landscape
- 11.1 Overview
- 11.2 Expansion
- 11.3 New Product Development
- 12. Company Profiles
- 12.1 Miller-Stephenson Inc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Shell Plc
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Fuchs Petrolub SE
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 BP Plc
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Idemitsu Kosan Co Ltd
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Kluber Lubrication GmbH & Co KG
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Schaeffler Austria GmbH
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 13. Appendix
- 13.1 About The Insight Partners
- 13.2 Glossary of Terms
- LIST OF TABLES
- Table 1. North America Robotics Lubricants Market –Volume and Forecast to 2028 (Kilo Tons)
- Table 2. North America Robotics Lubricants Market –Revenue and Forecast to 2028 (US$ Million)
- Table 3. US Robotics Lubricants Market, by Base Oil – Revenue and Forecast to 2028 (US$ Million)
- Table 4. US Robotics Lubricants Market, by Product Type – Volume and Forecast to 2028 (Kilo Tons)
- Table 5. US Robotics Lubricants Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
- Table 6. US Robotics Lubricants Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
- Table 7. Canada Robotics Lubricants Market, by Base Oil – Revenue and Forecast to 2028 (US$ Million)
- Table 8. Canada Robotics Lubricants Market, by Product Type – Volume and Forecast to 2028 (Kilo Tons)
- Table 9. Canada Robotics Lubricants Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
- Table 10. Canada Robotics Lubricants Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
- Table 11. Mexico Robotics Lubricants Market, by Base Oil – Revenue and Forecast to 2028 (US$ Million)
- Table 12. Mexico Robotics Lubricants Market, by Product Type – Volume and Forecast to 2028 (Kilo Tons)
- Table 13. Mexico Robotics Lubricants Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
- Table 14. Mexico Robotics Lubricants Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
- Table 15. Glossary of Terms, North America Robotics Lubricants Market
- LIST OF FIGURES
- Figure 1. North America Robotics Lubricants Market Segmentation
- Figure 2. North America Robotics Lubricants Market Segmentation – By Country
- Figure 3. North America Robotics Lubricants Market Overview
- Figure 4. North America Robotics Lubricants Market, By End Use Industry
- Figure 5. North America Robotics Lubricants Market, by Country
- Figure 6. Porter's Five Forces Analysis
- Figure 7. North America Robotics Lubricants Market – Ecosystem Analysis
- Figure 8. Expert Opinion
- Figure 9. North America Robotics Lubricants Market: Impact Analysis of Drivers and Restraints
- Figure 10. North America Robotics Lubricants Market – Volume and Forecast to 2028 (Kilo Tons)
- Figure 11. North America Robotics Lubricants Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 12. North America Robotics Lubricants Market Revenue Share, By Base Oil (2021 and 2028)
- Figure 13. Mineral Oil: North America Robotics Lubricants Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 14. Synthetic Oil: North America Robotics Lubricants Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 15. Others: North America Robotics Lubricants Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 16. North America Robotics Lubricants Market Revenue Share, By Product Type (2021 and 2028)
- Figure 17. Hydraulic Oil: North America Robotics Lubricants Market – Volume and Forecast To 2028 (Kilo Tons)
- Figure 18. Hydraulic Oil: North America Robotics Lubricants Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 19. Gear Oil: North America Robotics Lubricants Market – Volume and Forecast To 2028 (Kilo Tons)
- Figure 20. Gear Oil: North America Robotics Lubricants Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 21. Grease: North America Robotics Lubricants Market – Volume and Forecast To 2028 (Kilo Tons)
- Figure 22. Grease: North America Robotics Lubricants Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 23. North America Robotics Lubricants Market Revenue Share, By End Use Industry (2021 and 2028)
- Figure 24. Automotive: North America Robotics Lubricants Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 25. Food and Beverage: North America Robotics Lubricants Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 26. Medical and Healthcare: North America Robotics Lubricants Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 27. Electrical and Electronics: North America Robotics Lubricants Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 28. Metals: North America Robotics Lubricants Market– Revenue and Forecast To 2028 (US$ Million)
- Figure 29. Other Manufacturing Industries: North America Robotics Lubricants Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 30. North America: Robotics Lubricants Market, by Key Country - Revenue (2021)
- Figure 31. North America: Robotics Lubricants Market Revenue Share, by Key Country (2021 and 2028)
- Figure 32. US: Robotics Lubricants Market – Volume and Forecast to 2028 (Kilo Tons)
- Figure 33. US: Robotics Lubricants Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 34. Canada: Robotics Lubricants Market – Volume and Forecast to 2028 (Kilo Tons)
- Figure 35. Canada: Robotics Lubricants Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 36. Mexico: Robotics Lubricants Market – Volume and Forecast to 2028 (Kilo Tons)
- Figure 37. Mexico: Robotics Lubricants Market – Revenue and Forecast to 2028 (US$ Million)
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