Robotics Lubricants Market Report: Size, Share and Outlook by 2031

The robotics lubricants market is projected to expand from US$ 3,413.72 million in 2022 to US$ 6,095.41 million by 2028, reflecting a compound annual growth rate (CAGR) of 10.1% during the period from 2022 to 2028.

Robots excel at executing repetitive and complex tasks, which enhances speed and operational efficiency. Their widespread application in the manufacturing industry significantly contributes to productivity and economic advancement, while also improving precision, minimizing contamination risks, and enhancing safety. In industrial settings, robotics not only reduces labor expenses but also boosts operational efficiency. According to a report by the International Federation of Robotics published in 2022, the operational stock of industrial robots reached 3,477,127 units in 2021, marking a 15% increase from 2020. Since 2016, the operational stock of industrial robots has been growing at an average rate of 14% annually. In 2021 alone, Asia saw the installation of 380,911 robots, a remarkable 38% increase compared to the previous year. The automotive and electronics sectors are the primary drivers of demand for industrial robots. The growing adoption of robots in these industries is largely due to the declining average selling prices of robotic systems. Notably, some automotive manufacturers allocate over 60% of their lubricant budgets to robotic applications. Therefore, the increasing integration of robots in various industries presents significant growth opportunities for the robotics lubricants market in the coming years.

The robotics lubricants market is categorized by end-use industries, including automotive, food and beverage, medical and healthcare, electrical and electronics, metals, and other manufacturing sectors. In 2022, the automotive segment dominated the market share. However, the electrical and electronics segment is anticipated to experience the highest CAGR from 2022 to 2028. Robots utilized in the electrical and electronics sector are engineered for high speed, precision, and repeatability across various assembly, picking, and handling tasks. Robotics lubricants encompass oils, greases, and vacuum pump fluids that are compatible and nonreactive with a wide array of O-ring materials, bearings, chains, compressors, and valves, thereby extending the service life of critical robotic components and facilitating their assembly and disassembly. Furthermore, lubricants used in the electronics industry are designed to be compatible with commonly utilized plastics, metals, and elastomers, while also withstanding extreme temperatures, fuels, oxidizers, and radiation without degradation.

Regionally, the robotics lubricants market is divided into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. In 2022, Asia Pacific held the largest market share and is expected to achieve the highest CAGR from 2022 to 2028, primarily driven by rapid industrialization in the region.

Key players in the robotics lubricants market include Miller-Stephenson Inc, Shell International BV, Fuchs, Petrolub SE, BP Plc, Idemitsu Kosan Co Ltd, Chemie-Technik GmbH, Anand Engineer Pvt Ltd, Kluber Lubrication GmbH & Co KG, and Schaeffler Austria GmbH. These companies are focused on developing cost-effective and innovative products to cater to the growing demands of customers and to enhance their market presence.

                    
The overall size of the robotics lubricants market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. Additionally, numerous primary interviews were conducted with industry stakeholders to validate the findings and gain deeper analytical insights. Participants in these interviews included vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the robotics lubricants sector.