Europe Rail Greases Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type (Lithium Grease, Calcium Grease, and Other Grease), Application (Railway Vehicle Elements, Railway Track Elements, Switches and Fish Plates, Curve Rails, and Screw and Bolts), and Distribution Channel (Offline and Online
Europe Rail Greases Market Forecast to 2027 – COVID-19 Impact and Analysis – by Product Type (Lithium Grease, Calcium Grease, and Other Grease), Application (Railway Vehicle Elements, Railway Track Elements, Switches and Fish Plates, Curve Rails, and Screw and Bolts), and Distribution Channel (Offline and Online)
Number of Pages: 96
Market Introduction
Grease is a solid or semi-solid lubricating oil. Greases contain additional lubricating particles, such as molybdenum disulfide, graphite, or polytetrafluoroethylene (PTFE). Different types of greases combine the lubricating properties of oils with added stickiness, which allows the lubricant to adhere to the surfaces better. Grease possesses characteristic feature such as high initial viscosity, which make it frictional. It is popularly used across various industries such as automobile, railway, construction, pharmaceutical, food & beverage, mining and numerous others. For rails, greases can be used in mechanisms where lubrication is required frequently and where a lubricating oil does not stay for long. Grease acts as a sealant to avert ingress of water and incompressible materials. Grease is also being used for maintenance of various rail elements such as railway axles & wheels, bearings & chains, brake elements, interior components, pantographs and railway track components, as it prevents entry of contaminants or loss of lubricant. Soft grease used in gearboxes, for noise reduction, as leakage resistant, and for suspension of solid additives. Greased components consumes a small amount of power and is an even less vulnerable impact to any wear tear damage. The demand of greases in railway industry is growing due to the development of new railway infrastructure across major countries in Europe such as Germany, UK, Russia and Rest of Europe coupled with the maintenance activities of different parts used in railway transportation.
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Market Overview and Dynamics
The rail greases market in Europe is expected to reach US$ US$ 79.43 million by 2027 from US$ 65.40 million in 2018 and is expected to grow at a CAGR of 2.3% from 2019 to 2027. There is a surging demand for biodegradable rail greases. These biodegradable greases are high performing and their additives are either synthetic ester or vegetable oil based. Most of these greases consist of petroleum hydrocarbons. After the operation, these lubricants fall on the railroad tracks and pollute the environment. These greases do not decompose in natural conditions and damage ecosystems associated with the rail. Thus, to improve the ecological compatibility of works and equipment, new biodegradable, eco-friendly lubricants are developed by the key players operating in the market. It degrades sooner compared to its mineral oil-based alternatives and do not release environmentally harmful residues after use. Companies operating in the Europe rail greases market are focusing on development of such products through its constant research and development activities. Moreover, the manufacturers of these greases comply with environmental regulations. Thus, the demand for biodegradable greases is projected to boost over the forecast period due to increasing concern towards the environment across Europe.
In Europe, Italy is the hardest-hit country by the coronavirus outbreak. It is expected to suffer an economic hit due to a lack of revenue from various industries, as Italy recorded the highest number of coronavirus cases. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe.
Key Market Segments
In terms of product type, the lithium grease segment accounted for the largest share of the Europe rail greases market in 2018. In terms of application, the railway vehicle elements segment held a larger market share of the rail greases market in 2018. Further, the offline segment held a larger share of the market based on distribution channel in 2018. The offline segment dominated the Europe Rail Greases market whereas the online segment is expected to grow at fastest growth rate during the forecast period of 2019-2027. Companies operating in the rail grease market have optimized their distribution strategy over the past few years. To target and reach a large number of customers in the market, the companies are adopting online distributing channels along with their traditional offline distribution channels in response to the emerging influence of digitalization on the business environment. Online distribution channels help companies to easily reach the target consumers without adding additional costs and expenses.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the rail greases market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Royal Dutch Shell Plc, Exxon Mobil Corporation, Total SA, Petroliam Nasional Berhad (Petronas), FUCHS, SKF Group, Chevron Corporation, Klüber Lubrication and Sinopec Corp. among others.
Reasons to buy report
- To understand the Europe rail greases market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe rail greases market
- Efficiently plan M&A and partnership deals in Europe rail greases market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe rail greases market
- Obtain market revenue forecast for market by various segments from 2019-2027 in Europe region.
EUROPE RAIL GREASES MARKET SEGMENTATION
- Lithium Grease
- Calcium Grease
- Other Grease
- Railway Vehicle Elements
- Railway Track Elements
- Switches and Fish Plates
- Curve Rails
- Screw and Bolts
- Offline
- Online
- UK
- Germany
- France
- Italy
- Russia
- Rest of Europe
Company Profiles
- Royal Dutch Shell Plc
- Exxon Mobil Corporation
- Total SA
- Petroliam Nasional Berhad (Petronas)
- FUCHS
- SKF Group
- Chevron Corporation
- Klüber Lubrication
- Sinopec Corp.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Europe Market Segmentation
1.3.1 Europe rail greases market – By Product Type
1.3.2 Europe rail greases market – By Application
1.3.3 Europe rail greases market – By Distribution Channel
1.3.4 Europe rail greases Market – By Country
2. Europe Rail Greases Market – 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. Europe Rail Greases– Market Landscape
4.1 Overview
4.2 Europe PEST Analysis
4.3 Expert Opinion
5. Europe Rail Greases – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Requirement of rail greases for maintenance and smooth running of railway components
5.1.2 Surging adoption of online distribution channels to reach a large number of customers
5.2 Key Market Restraints
5.2.1 Stringent regulation for the production and uses of greases
5.3 Key Market Opportunities
5.3.1 Growing demand for biodegradable rail greases
5.4 Future Trends
5.4.1 Digitization in the conventional railway networks
5.5 Impact Analysis
6. Rail Greases Market – Europe Analysis
6.1 Europe: Rail Greases Market –Revenue, and Forecast to 2027 (US$ Million)
6.2 Europe Rail Greases Market, By Country - Forecasts And Analysis
7. Europe Rail Greases Market Analysis – By Product Type
7.1 Overview
7.1.1 Europe: Rail Greases Market, by Product Type
7.2 Lithium Grease
7.2.1 Overview
7.2.1.1 Lithium Grease: Rail Greases Market – Revenue, And Forecast To 2027 (US$ Million)
7.3 Calcium Grease
7.3.1 Overview
7.3.1.1 Calcium Grease: Rail Greases Market – Revenue, And Forecast To 2027 (US$ Million)
7.4 Other Grease
7.4.1 Overview
7.4.1.1 Other Grease: Rail Greases Market – Revenue, And Forecast To 2027 (US$ Million)
8. Europe Rail Greases Market Analysis – By Application
8.1 Overview
8.1.1 Europe: Rail Greases Market, by Application
8.2 Railway Vehicle Elements
8.2.1 Overview
8.2.1.1 Railway Vehicle Elements: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)
8.3 Railway Track Elements
8.3.1 Overview
8.3.1.1 Railway Track Elements: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)
8.4 Switches and Fish Plates
8.4.1 Overview
8.4.1.1 Switches and Fish Plates: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)
8.5 Curve Rails
8.5.1 Overview
8.5.1.1 Curve Rails: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)
8.6 Screw and Bolts
8.6.1 Overview
8.6.1.1 Screw and Bolts: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)
9. Europe Rail Greases Market Analysis – By Distribution Channel
9.1 Overview
9.1.1 Europe: Rail Greases Market, by Product Type Distribution Channel
9.2 Online
9.2.1 Overview
9.2.1.1 Online: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)
9.3 Offline
9.3.1 Overview
9.3.1.1 Offline: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)
10. Europe Rail Greases Market – Country Analysis
10.1 Overview
10.1.1 Europe: Rail Greases Market –Revenue, and Forecast to 2027 (US$ Million)
10.1.2 Europe: Rail Greases Market, by Key Country
10.1.2.1 Germany: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.2.1.1 Germany: Rail Greases Market, by Product Type
10.1.2.1.2 Germany: Rail Greases Market, by Application
10.1.2.1.3 Germany: Rail Greases Market, by Distribution Channel
10.1.2.2 France: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.2.2.1 France: Rail Greases Market, by Product Type
10.1.2.2.2 France: Rail Greases Market, by Application
10.1.2.2.3 France: Rail Greases Market, by Distribution Channel
10.1.2.3 Italy: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.2.3.1 Italy: Rail Greases Market, by Product Type
10.1.2.3.2 Italy: Rail Greases Market, by Application
10.1.2.3.3 Italy: Rail Greases Market, by Distribution Channel
10.1.2.4 United Kingdom: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.2.4.1 United Kingdom: Rail Greases Market, by Product Type
10.1.2.4.2 United Kingdom: Rail Greases Market, by Application
10.1.2.4.3 United Kingdom: Rail Greases Market, by Distribution Channel
10.1.2.6 Rest of Europe: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.2.6.1 Rest of Europe: Rail Greases Market, by Product Type
10.1.2.6.2 Rest of Europe: Rail Greases Market, by Application
10.1.2.6.3 Rest of Europe: Rail Greases Market, by Distribution Channel
11. Impact of COVID-19 Pandemic on Europe Rail Grease Market
11.1 Europe: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Product News
13. Company Profiles
13.1 Royal Dutch Shell Plc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 SWOT Analysis
13.2 Exxon Mobil Corporation
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 SWOT Analysis
13.3 Total SA
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 SWOT Analysis
13.4 Petroliam Nasional Berhad (Petronas)
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 SWOT Analysis
13.5 FUCHS
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 SWOT Analysis
13.5.5 Key Developments
13.6 SKF Group
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 SWOT Analysis
13.7 Chevron Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 SWOT Analysis
13.8 Klüber Lubrication
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 SWOT Analysis
13.8.5 Key Developments
13.9 Sinopec Corp.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 SWOT Analysis
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Rail Greases Market Revenue And Forecasts To 2027 (US$ Mn)
Table 2. Europe: Rail Greases Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. Europe: Rail Greases Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 4. Europe: Rail Greases Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)
Table 5. Germany: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 6. Germany: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 7. Germany: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 8. France: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 9. France: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 10. France: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 11. Italy: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 12. Italy: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 13. Italy: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 14. United Kingdom: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 15. United Kingdom: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 16. United Kingdom: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 17. Russia: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 18. Russia: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 19. Russia: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 20. Rest of Europe: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 21. Rest of Europe: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 22. Rest of Europe: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 23. Glossary of Terms, Rail Greases Market
LIST OF FIGURES
Figure 1. Europe Rail Greases Market Segmentation
Figure 2. Europe Rail Greases Market Segmentation, By Country
Figure 3. Europe Rail Greases Market Overview
Figure 4. Lithium Grease Held Largest Share Of Product Type Segment In Rail Greases Market
Figure 5. The Rest of Europe Is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Rail Greases Market, Industry Landscape
Figure 7. Europe PEST Analysis
Figure 8. Europe Rail Greases Market Impact Analysis of Driver and Restraints
Figure 9. Europe: Rail Greases Market – Revenue and Forecast to 2027 (US$ Million)
Figure 10. Market Positioning of Key Player In Rail Greases Market
Figure 11. Europe: Rail Greases Market Revenue Share, by Product Type (2018 and 2027)
Figure 12. Europe Lithium Grease: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 13. Europe Calcium Grease: Rail Greases Market – Revenue, And Forecast To 2027 (US$ Million)
Figure 14. Europe Other Grease: Rail Greases Market – Revenue, And Forecast To 2027 (US$ Million)
Figure 15. Europe: Rail Greases Market Revenue Share, by Application (2018 and 2027)
Figure 16. Europe Railway Vehicle Elements: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. Europe Railway Track Elements: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. Europe Switches and Fish Plates: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. Europe Curve Rails: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. Europe Screw and Bolts: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. Europe: Rail Greases Market Revenue Share, by Distribution Channel (2018 and 2027)
Figure 22. Europe Online: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. Europe Offline: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. Europe: Rail Greases Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Europe: Rail Greases Market Revenue Share, by Key Country (2018 and 2027)
Figure 26. Germany: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. France: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. Italy: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 29. United Kingdom: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 30. Russia: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 31. Rest of Europe: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic In Europe Country Markets
- Royal Dutch Shell Plc
- Exxon Mobil Corporation
- Total SA
- Petroliam Nasional Berhad (Petronas)
- FUCHS
- SKF Group
- Chevron Corporation
- Klüber Lubrication
- Sinopec Corp.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe Rail Greases Market
- Highlights key business priorities in order to assist companies to realign their business strategies
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Rail Greases Market, as well as those hindering it
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