North America Rail Greases Market Share and Forecast by 2027

The rail greases market in North America is expected to reach US$ 92.46 million by 2027 from US$ 74.62 million in 2018 and is expected to grow at a CAGR of 2.5% from 2019 to 2027.

Regular maintenance activities of different parts used in railway transportation is the key driver for the growth of the rail greases market. Railway vehicle elements such as axles & wheels, bearings & chains, brake elements, interior components, and pantographs need frequent maintenance and lubrication for smooth running and high performance. Applying greases on wheels offer various benefits such as it reduces labor costs, extends repair intervals, and reduces lubricant consumption. Using greases for railway vehicle elements offers various operation benefits such as increases equipment reliability, reduces unplanned downtime, reduces energy and fuel consumption, and improves equipment profitability. Moreover, greases can help in saving energy and reducing noise. The axle box bearing of a vehicle-track system is an important component of a railway and train bogie, which bears a variety of complicated stochastic loads between the track and bogie. The reliability and service life of axle box bearings can influence railway safety. Grease plays a major part in the lubrication of railway axle box bearings as lubrication failures of axle box bearings can lead to accidents, such as hot axle cutting and bearing burnout. Apart from this, greases are also used in other railway components such as track components, brakes and interior components. Greases used in the railway track components are designed to minimize friction, reduce temperature, and prevent wear between wheel flange and rails. Greases are also used in screws and bolts used in the installation of railway track elements to protect them from rusting. Thus, the rail greases are mostly required for the maintenance activities and for smooth running and high performance of different parts such as railway vehicle components and railway track components. This fact has driven the market for rail greases during the forecast period.

The US, Canada, and Mexico are major economies in North America. US has dominated the North America Rail Greases Market with highest market share and is estimated to be the fastest growing country during the forecast period. The growth of the rail greases market in this country is primarily due to booming economy, rapid urbanization and growing investment by the government of emerging countries in the development of railway infrastructure. The countries across North America are experimenting with state-of-the-art transport technologies to make urban rail systems more efficient, reliable and passenger friendly. The US metro systems are progressively moving from semi-automatic to driverless/unmanned train operations. Most of the upcoming systems are introducing the deployment of cutting-edge technological solutions for the comfort and safety of commuters. Hence, the rail greases market is expected to experience rapid growth in the country. Furthermore, numerous government initiatives for digitization in the country’s conventional railway networks will also drive the rail greases market during the forecast period. With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the rail greases market. The North America Rail Greases Market is expected to grow at a good CAGR during the forecast period.

However, COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. In North America, the US has the highest number of confirmed cases of coronavirus, as, compared to Canada and Mexico. This is likely to impact the rail transport in the country as, due to the COVID-19 outbreak, the supply and distribution chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.

North America Rail Greases Market Revenue and Forecast to 2027 (US$ Million)

North America Rail Greases Market Segmentation

North America Rail Greases Market – ByProduct Type

• Lithium Grease
• Calcium Grease
• Other Grease

North America Rail Greases Market – By Application

• Railway Vehicle Elements
• Railway Track Elements
• Switches and Fish Plates
• Curve Rails
• Screw and Bolts

North America Rail Greases Market – By Distribution Channel

• Offline
• Online

North America Rail Greases Market – By Country

• US
• Canada
• Mexico

North America Rail Greases Market -Companies Mentioned

• Royal Dutch Shell Plc
• Exxon Mobil Corporation
• Total SA
• Petroliam Nasional Berhad (Petronas)
• FUCHS
• SKF Group
• Chevron Corporation
• Klüber Lubrication
• Sinopec Corp.

North America Rail Greases Report Scope