Lubricant Testing Machine Market Set for Strong Growth Over Next Decade
The global lubricant testing machine market is forecast to expand at a CAGR of 3.8% and thereby increase from a projected value of US$ 84.3 Bn in 2024, to US$ 109.4 Bn by the end of 2031. Factors such as the expanding automotive industry, the rise of electric vehicles (EVs), and innovations in lubrication technology will contribute to this market growth. With the increasing focus on optimizing engine performance and reducing carbon emissions, lubricant testing has become more crucial than ever before.