Aviation Lubricant Market Worth 2.68 Billion USD by 2022
PUNE, India, January 16, 2018 /PRNewswire/ --
According to the new market research report "Aviation Lubricant Market by Type (Hydraulic Fluid, Engine Oil, Grease, Special Lubricant and Additives), End User (OEM, MRO), Application (Hydraulic Systems, Engine, Landing Gear, Airframe), Technology, Aviation Type, Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is projected to grow from an estimated USD 2.03 Billion in 2017 to USD 2.68 Billion by 2022, at a CAGR of 5.65% during the forecast period.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 89 market data Tables and 43 Figures spread through 152 Pages and in-depth TOC on "Aviation Lubricant Market"
https://www.marketsandmarkets.com/Market-Reports/aviation-lubricant-market-37676118.html
Early buyers will receive 10% customization on this report.
The increase in aircraft orders, passenger traffic, and military spending are some of the key factors driving the aviation lubricant market.
Based on type, engine oil is expected to be the fastest-growing segment of the aviation lubricantmarket during the forecast period.
Engine oil is projected to be the fastest-growing type segment during the forecast period. The growth of this segment can be attributed to the development of advanced aircraft engines and growth in the commercial aircraft fleets.
Based on technology, the synthetic segment of the aviation lubricant market is projected to grow at a higher CAGR from 2017 to 2022.
Based on technology, the synthetic segment is projected to grow at a higher CAGR during the forecast period. This growth can be attributed to the increasing demand for advanced lubricants to enhance the performance of systems in an aircraft, such as hydraulic systems and engine.
Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=37676118
Based on aviation type, the military aviation segment of the aviation lubricant market is projected to grow at the highest CAGR from 2017 to 2022.
Based on aviation type, the military aviation segment is projected to grow at the highest CAGR during the forecast period. The increase in orders for military aircraft due to the increased military spending by major global economies is one of the key factors driving this segment of the aviation lubricant market.
Based on end user, the MRO segment of the aviation lubricant market is projected to grow at a higher CAGR from 2017 to 2022.
Based on end user, the MRO segment of the aviation lubricant market is projected to grow at a higher CAGR during the forecast period. This growth can be attributed to the increase in the size of aircraft fleets of emerging economies.
Based on application, the engine segment of the aviation lubricant market is projected to grow at the highest CAGR from 2017 to 2022.
Based on application, the engine segment of the aviation lubricant market is projected to grow at the highest CAGR during the forecast period. The growth of the engine segment can be attributed to the increase in the use of specialized and advanced lubricants in this segment.
Inquiry Before Buy @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=37676118
Asia Pacific is expected to be the fastest-growing aviation lubricant market during the forecast period.
Asia Pacific is expected to be the fastest-growing market during the forecast period. The growth is largely due to an increase in the fleet size of the countries in the region. The airlines operating in this region are focused on enhancing passenger experience and increasing the aftermarket sales.
Major players operating in the aviation lubricant market include Zodiac Aerospace (France), Crane Aerospace (US), and Astronics Corporation (US). These key players offer various aviation lubricant types, including electro-mechanical, hydraulic, and pneumatic. The companies are focused on developing advanced systems for premium seating segments. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and other regions.
Browse Related Reports
Aircraft Engines Market by Type (Turboprop, Turbofan, Turboshaft, Piston Engine), Application (Military Aviation, Commercial Aviation, General Aviation), Platform (Fixed Wing, Rotary Wing), and Region - Global Forecast to 2022
https://www.marketsandmarkets.com/Market-Reports/aircraft-engine-market-14300744.html
Aerospace Bearings Market by Type (Roller, Ball), Application (Landing Gear, Engine, Flight Control System, Aerostructure), Material (Stainless Steel, Fiber-Reinforced Composites, Engineered Plastics), Aircraft Type, and Region - Global Forecast to 2022
https://www.marketsandmarkets.com/Market-Reports/aerospace-bearing-market-191707655.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets' flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: [email protected]
Visit our Blog@ http://mnmblog.org/market-research/aerospace-defence
Connect us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
Share this article