Tribology Importance & Market Size
Tribology (wear, friction, lubrication) concerns almost all mechanical systems, irrespective of the application field.
The societal and financial importance of tribology has been evaluated 4 to 6% of the country GDP (UK, Germany or USA, Ref: - Jost P., - Sinatora A., - Rabinowicz E. and - Ryan, Lipinski & Doyle). In such a case the Tribology economic importance, only for European Union, is estimated at least at 600 billion €! Impressed? I am! The market fragmentation (lubricants, tribometers, wear testing, coatings, ...) is necessary to explore the market size further.
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