This report provides in depth study of “Lube Trucks Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the
organization. The Lube Trucks Market report also provides an in-depth
survey of key players in the market which is based on the various
objectives of an organization such as profiling, the product outline,
the quantity of production, required raw material, and the financial
health of the organization.
Lube trucks is a mobile equipment used for the lubrication of heavy
construction and mining equipment and vehicles. Lube trucks have become
the most important tool that a construction, demolition and mining
companies can invest in. Lube trucks are also known as support vehicles.
These support vehicles are capable of keeping the largest fleet of work
trucks and other machines stocked with grease, antifreeze, lubricants
and other fluids that are needed to maximize the efficiency and
effectiveness of heavy construction and mining machine and vehicles.
These trucks are available in different sizes and capacities according
to the need of customer, i.e., they are fully customizable and also
pertain high durability.
Lube Trucks Market: Market Dynamics
The lube trucks market is expected to grow at a substantial rate over the
forecast period, owing to increase in demand for heavy construction and
mining vehicles. Lube trucks reduce the down time of repairing and
lubrication of equipment/vehicles on the toughest worksite.
These trucks allow for fluid refills, quick repair and other maintenance
tasks without waiting for supplies to arrive or transporting a vehicle
in need of repairs to another location. This is a key factor that
accelerates the growth of the lube trucks market. The increase in the
infrastructure and mining projects across the globe indirectly propels
the demand for lube trucks, which in turn boosts the growth of the lube
trucks market over the forecast period.
The high cost incurred in its preventive maintenance and lack of skilled
workers are expected to hinder the growth of the lube trucks market
during the forecast period.
In the current scenario, rental system of support vehicles (lube trucks)
in heavy construction and mining industries is expected to gain traction
over the forecast period. The demand for renting lube trucks in medium-
and small-sized enterprises is quite high, so the prominent vendors in
support vehicles manufacturing are providing lube trucks on rent.
Moreover, manufacturers are also focusing to get into long-term alliances with
heavy construction equipment manufacturers and the mining &
construction sectors in order to increase their market share in the lube
trucks market. This factor is expected to drive of the lube trucks
market in the upcoming years.
Lube Trucks Market: SegmentationOn the basis of tank capacity
- Below 500 gallons
- 500 gallons – 1000 gallons
- 1000 gallons – 3000 gallons
- 3000 gallons – 5000 gallons
- Above 5000 gallonsOn the basis of application
- Mining
- Heavy Construction
- Railroads
- Defense
- Others
- Lube Trucks Market: Regional Overview
The global lube trucks market can be divided into five geographical regions
such as North America, Latin America, Asia Pacific, Europe, the Middle
East and Africa. Europe is the one of the prominent manufacturers of
automobile and also consumer of heavy construction & mining
vehicles, which in turn propels the demand for lube trucks in the region
owing to maintenance of these vehicles on jobsites.
Asia Pacific is expected to have spearhead growth of the lube trucks market
throughout the forecast period, owing to increasing number of
construction projects. Additionally, growing infrastructure development
and need of heavy construction & mining vehicles by construction
companies propel the demand for lube trucks, which in turn boost the
growth of the lube trucks market.
Moreover, North America also holds a prominent share of the global lube trucks
market due to adaptation of advanced lubrication solution in the defense
and construction sectors. Latin America is also expected to show
significant growth in the upcoming years owing to increase in mining
activities in the region.
Lube Trucks Market: Market Players
Examples of some of the market participants in the global lube trucks market identified across the value chain include:
- The Knapheide Manufacturing Company
- Maintainer Corporation of Iowa, Inc.
- Southwest Products
- Iowa Mold Tooling Co., Inc. (Oshkosh Corporation Company)
- Curry Supply Company
- Niece Equipment
- McLellan Industries Inc.
- Taylor Pump and Lift (TPL)
- Elliott Machine Works, Inc.
- TruckWorks
