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.
Grease is a solid or semi-solid lubricating oil. It is usually comprised of mineral oil and thickeners such as calcium-based soap and lithium-based soaps. Greases may also 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. Germany, France, UK, Russia, Italy and Rest of Europe are major economies in Europe. The western part of Europe is known for its better standards of living, with people displaying a higher income level. It is one of the wealthiest regions on the European continent, with per capita Gross Domestic Product Type (GDP) more than the other parts. Europe is a well-established and mature market for rail greases.Increasing adoption of digital channels to increase customer reach is the key driver for the growth of the Europe rail greases market. The increasing adoption of digital channels across Europe has brought about an increased emphasis on online distributions channels. Internet usage and smartphone ownership rates are growing across Europe, and consumers are becoming more inclined to do everything from researching making their final purchase decision online. Several benefits, such as convenience, fast delivery, and secure payment options, have attracted B2B buyers to purchase online. Thus, the companies operating in the rail grease market have optimized their distribution strategy over the past few years to keep pace with the competition and continue to grow their businesses. The companies are adopting online distribution channels to target and reach a large number of customers in the market and their traditional offline distribution channels. Besides, online distribution channels help companies reach the target consumers quickly without adding additional costs and expenses. Thus, lubricants and grease manufacturers are leveraging the e-commerce industry to earn revenue by opening online stores and making sales through these channels.
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 Europe rail greases market is expected to grow at a good CAGR during the forecast period.
COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The chemical and material industry are one of the major industries suffering serious disruptions such as supply chain breaks, disruptions in manufacturing due to lockdown and office shutdowns as a result of this outbreak. All these factors have greatly affected the rail grease market. 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.
Europe Rail Greases Market Revenue and Forecast to 2027 (US$ Million)
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Europe Rail Greases Market Segmentation
Europe Rail Greases Market – ByProduct Type
- Lithium Grease
- Calcium Grease
- Other Grease
Europe Rail Greases Market – By Application
- Railway Vehicle Elements
- Railway Track Elements
- Switches and Fish Plates
- Curve Rails
- Screw and Bolts
Europe Rail Greases Market – By Distribution Channel
- Offline
- Online
Europe Rail Greases Market – By Country
- UK
- Germany
- France
- Italy
- Russia
- Rest of Europe
Europe 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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Application, and Distribution Channel (Offline and Online
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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