At 9.8% CAGR, the Europe Robotics Lubricants Market is projected to be worth US$ 1,209.51 million by 2028, says Business Market Insights

According to Business Market Insights research, the Europe robotics lubricants market was valued at US$ 689.34 million in 2022 and is expected to reach US$ 1,209.51 million by 2028, registering a CAGR of 9.8% from 2022 to 2028. Rising preference for robot greases in end-use industries and increasing demand for robotics lubricants from automotive industry are the critical factors attributed to the Europe robotics lubricants market expansion.               

In the manufacturing sector, a robotics lubricant is one of the key components that help an equipment operate with maximum reliability and at peak efficiency. Greases, hydraulic oils, and gear oils are used across several end-use industries, including automotive, electrical & electronics, food & beverages, logistics, and metal & machinery fabrication. Robotic grease contains base oil such as mineral oil or synthetic oil, thickener, and additives, which impart distinct product qualities. Greases possess several properties such as sealing ability, low leakage tendency, protection against corrosion, and heavy load handling. Greases offer advantages over other lubricants in terms of prevention of wear of precision reducers of robots. Several commercially available robot greases are food grade and comply with certain international standards for specific industries such as food & beverages and medical & healthcare. Grease degrades due to friction and exposure to extreme temperatures till its viscosity levels are insufficient to effectively lubricate the internal mechanical components. Robot greasing is an integral part of maintaining the overall efficiency of robots and robotic components. The recommended frequency for robot greasing varies by brand and model. For instance, FANUC Corporation, a robot manufacturer, recommends greasing every three years or after 11,000 hours of operation. However, this recommendation is only a guideline based on ideal operating conditions, considering moderate production rates in a moderate climatic condition. High-volume production facilities and exposure to extreme temperatures require frequent lubrication for robot components, particularly greasing. Thus, the advantages of greases over other lubricants and the preference for robot greases from end-use industries are driving the Europe robotics lubricants market.  

On the contrary, volatility in prices of raw materials hurdles the growth of Europe robotics lubricants market.

Based on base oil, the Europe robotics lubricants market is segmented into mineral oil, synthetic oil, and others. The mineral oil segment held 91.9% share of Europe Robotics lubricants market in 2022, amassing US$ 633.38 million. It is projected to garner US$ 1,115.16 million by 2028 to expand at 9.9% CAGR during 2022–2028.

Based on product type, the Europe robotics lubricants market is segmented into hydraulic oil, gear oil, and grease. The grease segment held 55.3% share of Europe Robotics lubricants market in 2022, amassing US$ 381.30 million. It is projected to garner US$ 665.48 million by 2028 to expand at 9.7% CAGR during 2022–2028.

Based on end use industry, the Europe robotics lubricants market is segmented into automotive, food and beverage, medical and healthcare, electrical and electronics, metals, and other manufacturing industries. The automotive segment held 31.7% share of Europe Robotics lubricants market in 2022, amassing US$ 218.28 million. It is projected to garner US$ 391.17 million by 2028 to expand at 10.2% CAGR during 2022–2028.  

Based on country, the Europe robotics lubricants market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 30.8% share of Europe Robotics lubricants market in 2022. It was assessed at US$ 211.98 million in 2022 and is likely to hit US$ 363.42 million by 2028, exhibiting a CAGR of 9.4% during the forecast period.  

Key players profiles in the Europe robotics lubricants market report BP Plc, Fuchs Petrolub SE, Idemitsu Kosan Co Ltd, Kluber Lubrication GmbH & Co KG, Schaeffler Austria GmbH, and Shell Plc, among others.

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