Report Description Table of Contents 1. Introduction and Strategic Context The Global Agricultural Lubricants Market is projected to grow at a CAGR of 5.7% , reaching approximately USD 4.1 billion in 2030 , up from USD 2.8 billion in 2024 , according to Strategic Market Research. Agricultural lubricants—engine oils, transmission fluids, greases, and specialty biobased fluids—play a silent but crucial role in the durability and efficiency of farm machinery. As modern farming leans harder on automation and equipment uptime, these fluids have moved from being routine consumables to strategic enablers of productivity. What’s changed? Several forces are converging. First, global food demand is rising—not gradually, but sharply—especially in emerging economies. That means more tractors, harvesters, and irrigation systems running longer hours in tougher conditions. Farmers aren’t just upgrading their equipment—they’re being pushed to reduce downtime. This makes lubricant selection a critical decision, not an afterthought. Second, the environmental shift is real. Conventional petroleum-based lubricants are facing regulatory and reputational pressure. Meanwhile, biodegradable and vegetable-based alternatives are gaining credibility, particularly in Europe and North America. OEMs are beginning to list biobased lubricants in their compatibility specs, signaling a wider acceptance. Then there’s the electrification undercurrent. It’s slow in agtech , but it’s coming. Electric tractors and hybrid harvesters will still need cooling fluids and gear oils—but the chemistry will change. Lubricant formulators are already testing low-viscosity synthetics that are EV-compatible and field-tolerant. Beyond technology, supply chains are also shaping demand. Farmers in Latin America and Southeast Asia are increasingly sourcing machinery from global brands, bringing with them standardized lubricant specs. This is leveling the playing field for premium and synthetic products, even in traditionally price-sensitive markets. Stakeholders across the board are rethinking lubricant strategy. OEMs are collaborating with lubricant brands to co-develop farm-specific formulations. Dealerships and service centers are bundling fluids into preventive maintenance packages. Governments are incentivizing sustainable lubricant usage, especially in groundwater-sensitive zones. And investors are eyeing this as a durable niche—less volatile than crude oil, yet tied to the long-term arc of food security. The bottom line: agricultural lubricants are no longer a commodity—they're a performance tool. And as farm fleets get smarter and greener, lubricant innovation is following suit. 2. Market Segmentation and Forecast Scope The agricultural lubricants market is shaped by how farmers balance three things: equipment longevity, fuel efficiency, and environmental safety. These trade-offs show up clearly across four key segmentation axes — by Type, Equipment Type, Distribution Channel, and Region . By Type Engine Oils Still the largest revenue segment. These oils are critical for diesel-powered tractors, combines, and loaders. High-viscosity multigrade synthetics are increasingly preferred for extreme temperature variation and extended drain intervals. Hydraulic Fluids Used across balers, plows, and sprayers. Growth is tied to the increasing use of hydraulics in newer smart implements. Bio-based options are gaining traction in soil-sensitive zones. Transmission & Gear Oils Demand is rising in high-horsepower tractors and 4WD utility vehicles. OEMs now recommend ultra-clean, low-ash fluids to reduce gear friction and slippage. Greases and Specialty Fluids Though smaller in market share, these are crucial for reducing wear in joints, axles, and bearings. Specialty eco-lubricants are being deployed in automated irrigation pivots and harvest robots. Engine oils remain dominant in 2024, accounting for nearly 41% of global sales. But greases and biobased fluids are the fastest-growing category, projected to expand at over 6.8% CAGR through 2030. By Equipment Type Tractors Unsurprisingly , tractors are the leading consumers of lubricants, particularly for engine and transmission systems. High-hour usage in Asia-Pacific is pushing synthetic demand. Combine Harvesters Require both high-performance engine oil and hydraulic fluid. With precision agriculture on the rise, lubrication is being linked to sensor-based performance monitoring. Irrigation Systems & Pumps This often-overlooked category is seeing increased attention, especially in water-scarce regions. Pumps need low-friction oils to maintain efficiency without leakage. Others (Balers, Loaders, Sprayers, Drones ) This includes newer precision equipment like robotic sprayers and autonomous harvest drones, where micro-component lubrication is becoming a challenge. Tractors lead the volume share globally, but irrigation systems are becoming a stealth growth driver in markets like the Middle East, Southern Europe, and western India. By Distribution Channel OEM Dealerships These are strong in North America and Western Europe, where farmers trust brand-aligned fluids and often buy extended service kits. Retail Stores and Agri -Cooperatives The most popular channel in South Asia, Africa, and parts of Latin America. Bulk pricing and familiarity drive purchase. Online Platforms Still a small share but growing fast—especially for specialty greases and bio-lubricants. Large-scale farms are starting to bulk order via e-commerce. Dealerships dominate in high-value markets, while retail still controls rural volume. But e-commerce is growing at over 8% CAGR , particularly in regions with agri -tech startups. By Region North America Mature but still growing. Biobased lubricants and OEM co-branded synthetics are gaining share. Europe The environmental regulation driver. Lubricant mandates in farming zones near water bodies are accelerating demand for biodegradable options. Asia-Pacific Fastest-growing region. Mechanization is surging in India, China, and Southeast Asia. Demand here is quantity-driven, but synthetic adoption is climbing. Latin America & Middle East/Africa (LAMEA ) Still largely price-sensitive, but government-supported irrigation and mechanization programs are opening up entry points for higher-grade lubricants. Asia-Pacific holds the growth crown, while Europe leads in sustainability adoption. 3. Market Trends and Innovation Landscape Agricultural lubricants may seem like a mature category, but they’re going through a quiet transformation. As smart farming tools, sustainability mandates, and global supply chain shifts hit the field, lubricants are evolving far beyond just viscosity grades. Bio-Based Lubricants Are Breaking Into the Mainstream What used to be a niche segment is now a viable alternative. Vegetable-based and ester-based lubricants—especially those made from canola, soybean, and sunflower oil—are gaining market share. They offer low toxicity, are biodegradable, and perform well in extreme field conditions. European farms are leading adoption, but even U.S. grain cooperatives are pushing farmers to switch, especially in aquifer-sensitive zones. One German OEM is now including biolube compatibility as a default spec in its mid-range tractor lineup. That said, shelf life and oxidation resistance are still concerns—driving demand for advanced additives and synthetic blends that bridge the gap between eco-safety and durability. OEMs Are Designing Fluids With Data in Mind Equipment manufacturers are moving beyond just recommending lubricants. They’re co-engineering them. Tractors now come with digital maintenance platforms that not only monitor engine load but also predict lubricant degradation in real time. John Deere, CNH Industrial, and AGCO are all investing in predictive maintenance software that links lubricant life to field data—temperature, soil moisture, and load cycles. This is reshaping how lubricants are formulated and replaced. Farmers no longer want just a “universal” oil. They want fluids that talk to their onboard systems. Cold-Start and Heat-Resistant Formulations Are in Focus From Canadian wheat fields to Saharan irrigation hubs, farming happens in extremes. That’s driving innovation in low-pour-point oils and heat-stable synthetics. New blends are being tested with polyalphaolefins (PAOs) and ester bases for tractors that start at -30°C or run continuously at 50°C. These aren’t just upgrades—they’re necessary for keeping modern engines in emission-compliant ranges. Greases Are Getting Smart — Quietly The unsung workhorses of agriculture—greases—are getting a tech refresh. Molybdenum-based and lithium-complex greases now come with built-in wear-tracking dyes or anti-corrosion microfilms. One innovation: color-changing greases that alert users to moisture ingress or contamination. Farmers can spot a problem visually before the bearing fails. Rise of Sustainable Packaging and Circular Programs Several lubricant makers are rolling out closed-loop collection systems and refill stations for large farms. Especially in Europe and New Zealand, where waste oil disposal is heavily regulated, this is a win-win. It cuts cost and environmental impact. Some brands are experimenting with biopolymer-based packaging for small-volume products like chain oils and sprayer lubricants—reducing plastic use by up to 60%. Additive Chemistry Is Getting a Field-Specific Makeover Phosphorus, zinc, and sulfur-based additives (critical for anti-wear and corrosion resistance) are being reformulated to meet Tier 4 emission system standards. That means reducing ash content while maintaining protection. The challenge? Keeping fuel economy and drain intervals intact while avoiding damage to diesel particulate filters (DPFs). In short: it’s no longer about better oil. It’s about smarter, field-optimized chemistry. 4. Competitive Intelligence and Benchmarking This market may be dominated by some familiar names in the broader lubricants space, but when it comes to agriculture, success depends on one thing: field integration. Players who align their products with real-world farming conditions—not just lab specs—are the ones carving out long-term share. Shell Shell remains one of the most active players, especially in Asia-Pacific and Latin America . Their Shell Rimula and Shell Spirax product lines are widely recommended by tractor OEMs, particularly in India, Brazil, and parts of Africa. The brand’s strength lies in distribution—they’re present in even tier-2 farm supply chains. Shell has been piloting biodegradable gear oils in European test markets and recently launched a farm-focused technical advisory service in Australia to support lubricant selection based on crop cycles. Chevron (Chevron Oronite ) Chevron is a strong force in North America , especially through its Delo branded oils. The company is leaning hard into additive innovation, offering extended-drain lubricants with high resistance to oxidation—ideal for large-scale wheat or corn farms running diesel engines year-round. Chevron also collaborates with several ag-equipment OEMs to co-certify fluids for Tier 4-compliant engines, helping secure fleet-wide contracts in the U.S. and Canada. ExxonMobil Mobil Agri Extra and other branded products have a clear following in high-output farms using modern tractors and harvesters. ExxonMobil differentiates through premium synthetic offerings and predictive wear analytics that link oil performance with telematics data. The brand is also gaining traction in Central and Eastern Europe , where precision farming adoption is accelerating and synthetic lubricants are preferred for seasonal cold starts. TotalEnergies Total plays a dual game—eco and price. Their Total Tractagri line includes biolubricants designed for sensitive farming regions in France, Italy, and Belgium. At the same time, they offer affordable mineral oils for emerging African and Southeast Asian markets. They've also partnered with regional cooperatives in Spain and Morocco to bundle lubricants into fleet maintenance programs—building brand stickiness in rural areas. Fuchs Petrolub This German-based specialty player punches above its weight in Europe. Known for its customized blends and in-house R&D, Fuchs focuses on bio-hydraulic fluids, biodegradable greases , and tailor-made solutions for vineyard, orchard, and greenhouse equipment. Their small-batch approach appeals to niche farming segments and machinery OEMs looking for climate-specific formulations. Phillips 66 Phillips 66 (and its Kendall and Conoco brands) holds share primarily in the U.S. Midwest , where its legacy relationships with grain co-ops and local service centers give it reach. Their strength lies in multifunctional universal tractor fluids (UTFs) used across older equipment models. The company is investing in re-refined base oils , targeting environmentally conscious buyers without premium pricing. Competitive Dynamics Summary Shell and Chevron dominate the high-volume, field-service-integrated segments—especially in Asia and North America. Total and Fuchs lead in eco-innovation and EU market alignment. Phillips 66 plays the legacy card, winning in cost-sensitive but loyal farming regions. Private-label lubricant brands are also growing, especially in South America, offering cut-rate alternatives bundled through co-ops and independent retailers. 5. Regional Landscape and Adoption Outlook Adoption of agricultural lubricants varies widely across geographies—not just because of climate or crop types, but due to regulation, equipment age, service networks, and even cultural preferences around preventive maintenance. Let’s walk through the regional dynamics. North America The U.S. and Canada represent a mature market, but not a static one. What’s driving lubricant demand here is equipment sophistication . Farmers in the Midwest and prairie provinces are running high-horsepower, GPS-enabled machinery—often worth hundreds of thousands of dollars. That’s created strong pull for synthetic engine oils, advanced hydraulic fluids , and long-drain transmission lubricants. OEM-dealership alignment is key here. Brands like John Deere, Case IH, and Kubota recommend specific fluid profiles—usually co-developed with Shell, Chevron, or ExxonMobil. As farms consolidate and scale, lubricant buying is becoming centralized, often through dealership service bundles. Also notable: bio-lubricants are gaining favor in states like California, where sustainability certifications are tied to farm subsidies. Europe Europe is where eco-regulation meets engineering precision . Farmers here face tight controls on chemical runoff, especially near waterways and protected agricultural zones. That’s led to strong adoption of biodegradable hydraulic oils and greases , particularly in France, Germany, and Scandinavia. The Common Agricultural Policy (CAP) and national incentives now encourage farms to shift toward environmentally acceptable lubricants (EALs) . In some cases, public tenders for irrigation or vineyard equipment explicitly require EALs. At the same time, Eastern Europe is a tale of transition. Countries like Poland, Hungary, and Romania still rely heavily on older tractors—pushing steady demand for mineral-based lubricants with broader tolerances. In short, Western Europe leads in biobased innovation. Eastern Europe holds the volume edge for conventional fluids. Asia Pacific This is the growth engine of the market. Why? One word: mechanization . As farmers in India, Vietnam, and Indonesia replace manual labor with small- to mid-sized tractors, demand for lubricants is rising fast. In India alone, over 300,000 tractors are sold annually—each requiring frequent oil changes under dusty, high-heat conditions. Here, cost and availability trump everything. Farmers still prefer universal tractor oils (UTOs) that work across engines, gears, and hydraulics—even if it means slightly shorter change intervals. China, however, is already ahead in synthetic adoption, especially in its northern provinces where cold-start performance is critical. Agricultural reform programs in China are also encouraging bulk lubricant contracts for cooperative farming zones. OEM partnerships in the region—particularly with Yanmar , Mahindra, and Kubota—are shaping fluid formulation standards. Latin America This region balances opportunity with fragmentation. Brazil and Argentina have well-developed commercial farms with high-lubricant demand, particularly in the soy, corn, and sugarcane sectors. Large agribusinesses here are moving toward high-performance synthetic blends , especially during harvest cycles when uptime is critical. Elsewhere—like Colombia, Peru, or Paraguay—the market is dominated by price-sensitive users relying on basic mineral oils. Distribution remains a challenge: retail agri -stores and local oil distributors dominate, and access to branded synthetics is patchy. Some progress is being made through government partnerships offering subsidized inputs—including lubricants—to smallholders in mechanization zones. Middle East & Africa This is the most underdeveloped—but potentially transformational—region. Mechanization is climbing in Nigeria, Kenya, Egypt , and South Africa , largely driven by food security programs and irrigation development. Tractors and water pumps are the primary lubricant consumers. In North Africa and the Gulf, commercial farming enterprises are adopting biodegradable and high-temp lubricants , especially for drip irrigation setups that run under desert heat. The bigger constraint? Service access. Many users rely on generic fluids or delay changes—leading to higher equipment wear. That’s where mobile servicing models and refill pouches are gaining popularity. Regional Outlook Summary North America : High-spec demand, tech-driven maintenance cycles. Europe : Sustainability-first, biolube innovation hub. Asia-Pacific : Volume-driven, price-sensitive, rapid mechanization. Latin America : Dual-track—commercial synthetics vs. rural mineral oils. Middle East & Africa : Frontier market, access and education matter most. The lesson? Success in this market isn’t just about the lubricant—it’s about understanding what farmers can access, afford, and trust across diverse field conditions. 6. End-User Dynamics and Use Case In agriculture, lubricant buyers aren’t just consumers—they’re operators, mechanics, and decision-makers all rolled into one. Whether they’re running a 500-acre wheat farm in Kansas or managing irrigation on a smallholding in Kenya, their expectations differ based on scale, region, and equipment type. Understanding those end-user profiles is key to understanding how the market behaves. Large Commercial Farms These are the precision ag leaders—the ones running fleets of tractors, sprayers, and harvesters connected to telematics systems and GPS-guided tools. They operate with uptime as their primary KPI. These users typically: Buy synthetic engine and transmission oils in bulk Prefer fluids approved by OEMs like John Deere, AGCO, or CNH Run predictive maintenance schedules based on oil analytics and engine diagnostics Partner with dealerships for fleet servicing contracts bundled with branded lubricants They’re not swayed by price so much as by performance consistency , long drain intervals , and emission compliance . One operator in the U.S. Corn Belt reported switching to high-viscosity synthetic blends and saw a 22% reduction in downtime during harvest season—worth thousands in saved labor and fuel. Mid-Sized and Family-Owned Farms This group straddles volume and cost. These users often run 2–5 machines , maintain them in-house, and make purchase decisions based on dealer relationships and ease of access. Typical behaviors: Prefer multi-use fluids that cover engine, transmission, and hydraulics Buy from retail agri -stores or local co-ops Trust legacy brands and may delay oil changes to save on cost Increasingly interested in bio-lubricants , especially in water-sensitive zones They need products that are tolerant to field abuse , simple to apply, and backed by trustworthy advice —whether from a dealer or a neighbor. Smallholders and First-Time Mechanized Farmers These users, especially in emerging markets, represent the long tail of lubricant demand. Often running a single tractor or diesel pump, they’re focused on affordability and availability. They typically: Use basic mineral oils , often generic or locally rebranded Get oil through agri -input shops or informal markets Are less aware of viscosity grades, change intervals, or additive types Face access issues—logistics, storage, and even safe disposal This group is price-driven but vulnerable . Their equipment suffers the most when oil quality is compromised. Training, education, and small-pack innovations can significantly improve outcomes here. Use Case Spotlight A sugarcane farming cooperative in western Maharashtra, India, began seeing repeated hydraulic failures on its older fleet of harvesters during peak cutting season. The issue traced back to poor-quality hydraulic oil—bought in bulk but not certified for high-load usage. With help from a regional lubricant distributor, the cooperative switched to a semi-synthetic hydraulic fluid co-developed for tropical field conditions. They also trained two in-house mechanics on change intervals and contamination prevention. Within a year: Machine downtime dropped by 35% Hydraulic repair costs fell by 40% Fuel efficiency improved by 6% More importantly, they extended the operational life of aging equipment—without investing in new machinery. Bottom line? End-user needs aren’t just technical. They’re situational. And the winning lubricant providers are those who not only engineer great products—but tailor them to how farmers actually use, store, and apply them in the field. 7. Recent Developments + Opportunities & Restraints Recent Developments (2023–2025) 1. Chevron launched a low-emission, long-drain universal tractor fluid in early 2024, co-developed with major ag equipment OEMs. The product targets Tier 4 diesel engines and supports predictive oil monitoring via onboard sensors. Source: chevron.com/newsroom/2024-tractor-fluids 2. TotalEnergies expanded its bio-lubricant facility in Normandy in 2023 to ramp up production of biodegradable hydraulic oils used in vineyard and irrigation machinery across Europe. Source: totalenergies.com/newsroom/biohydraulic-expansion-2023 3. Shell announced a partnership with Indian agri -startup DeHaat to distribute synthetic farm oils and training programs for rural mechanics across key farming states like Bihar and UP. Source: shell.in/partnership-dehaat-2023 4. Fuchs unveiled a color-coded grease line for ag equipment in 2024—each formulation linked to a specific application: bearings, axles, PTO joints. It’s designed to reduce misapplication in multi-machine farms. Source: fuchs.com/news/ag-grease-line 5. ExxonMobil introduced AI-driven lubricant diagnostics tools in North America, allowing farmers to upload field data and receive oil change recommendations in real time. Source: exxonmobil.com/pressroom/ai-lube-tool-2025 Opportunities 1. Biodegradable Fluids in Eco-Sensitive Regions From vineyards in France to paddy fields in Southeast Asia, farmers operating near water bodies face tight regulations. That’s opening up serious demand for biodegradable engine oils and hydraulic fluids —especially in government-incentivized zones. 2. Lubricants for Smart and Electrified Farm Equipment Electrification is creeping into agriculture—think hybrid harvesters, battery-powered drones, and autonomous tractors. Each needs low-viscosity fluids and cooling lubricants designed for compact, high-efficiency drive systems. 3. Aftermarket Services and Rural Tech Training Emerging markets present a service gap. Lubricant makers have an opportunity to train local mechanics, set up refill stations , and embed themselves in agri -tech networks. It’s not about selling oil—it’s about selling reliability. Restraints 1. Low Awareness and Improper Use in Small Farms Many smallholders continue to use incompatible or expired lubricants , unaware of damage risks. This limits the efficacy of premium or eco-friendly products in large swaths of rural Asia and Africa. 2. High Cost of Bio-Lubricants and Synthetic Blends While effective, these alternatives still cost 25–40% more than conventional mineral oils. Without regulatory push or subsidies, adoption remains limited in cost-sensitive markets. Report Coverage Table Report Attribute Details Forecast Period 2024 – 2030 Market Size Value in 2024 USD 2.8 Billion Revenue Forecast in 2030 USD 4.1 Billion Overall Growth Rate CAGR of 5.7% (2024 – 2030) Base Year for Estimation 2023 Historical Data 2017 – 2021 Unit USD Million, CAGR (2024 – 2030) Segmentation By Type, Equipment Type, Distribution Channel, Geography By Type Engine Oils, Hydraulic Fluids, Transmission & Gear Oils, Greases & Specialty Fluids By Equipment Type Tractors, Combine Harvesters, Irrigation Systems & Pumps, Others By Distribution Channel OEM Dealerships, Retail Stores & Co-ops, Online Platforms By Region North America, Europe, Asia-Pacific, Latin America, Middle East & Africa Country Scope U.S., Canada, Germany, France, China, India, Brazil, South Africa, etc. Market Drivers - Rising mechanization in developing regions - Increasing demand for biodegradable lubricants - OEM-aligned lubricant specifications for Tier 4 and smart machinery Customization Option Available upon request Frequently Asked Question About This Report How big is the agricultural lubricants market? The global agricultural lubricants market is valued at USD 2.8 billion in 2024. What is the CAGR for the agricultural lubricants market during the forecast period? The market is expected to grow at a CAGR of 5.7% from 2024 to 2030. Who are the major players in the agricultural lubricants market? Leading vendors include Shell, Chevron, ExxonMobil, TotalEnergies, Fuchs Petrolub, and Phillips 66. Which region dominates the agricultural lubricants market? Asia-Pacific leads in growth due to rapid mechanization, while Europe leads in adoption of biodegradable products. What factors are driving growth in the agricultural lubricants market? Growth is driven by rising farm mechanization, demand for long-drain and eco-friendly fluids, and OEM-specified lubricants for Tier 4 engines. Table of Contents Executive Summary Market Overview Market Attractiveness by Type, Equipment Type, Distribution Channel, and Region Strategic Insights from Key Executives (CXO Perspective) Historical Market Size and Future Projections (2022–2030) Summary of Market Segmentation by Type, Equipment Type, Distribution Channel, and Region Market Share Analysis Leading Players by Revenue and Market Share Market Share Analysis by Type, Equipment Type, and Distribution Channel Investment Opportunities in the Agricultural Lubricants Market Key Developments and Innovations Mergers, Acquisitions, and Strategic Partnerships High-Growth Segments for Investment Market Introduction Definition and Scope of the Study Market Structure and Key Findings Overview of Top Investment Pockets Research Methodology Research Process Overview Primary and Secondary Research Approaches Market Size Estimation and Forecasting Techniques Market Dynamics Key Market Drivers Challenges and Restraints Impacting Growth Emerging Opportunities for Stakeholders Impact of Behavioral and Regulatory Factors Technological Advances in Agricultural Lubricants Global Agricultural Lubricants Market Analysis Historical Market Size and Volume (2022–2023) Market Size and Volume Forecasts (2024–2030) Market Analysis by Type: Engine Oils Hydraulic Fluids Transmission & Gear Oils Greases & Specialty Fluids Market Analysis by Equipment Type: Tractors Combine Harvesters Irrigation Systems & Pumps Others Market Analysis by Distribution Channel: OEM Dealerships Retail Stores & Co-ops Online Platforms Market Analysis by Region: North America Europe Asia-Pacific Latin America Middle East & Africa Regional Market Analysis North America Agricultural Lubricants Market Historical and Forecast Market Size Market Analysis by Type, Equipment Type, and Distribution Channel Country-Level Breakdown: United States, Canada, Mexico Europe Agricultural Lubricants Market Country-Level Breakdown: Germany, France, Italy, Spain, Rest of Europe Asia-Pacific Agricultural Lubricants Market Country-Level Breakdown: China, India, Japan, Southeast Asia, Rest of Asia-Pacific Latin America Agricultural Lubricants Market Country-Level Breakdown: Brazil, Argentina, Rest of Latin America Middle East & Africa Agricultural Lubricants Market Country-Level Breakdown: GCC Countries, South Africa, Rest of MEA Key Players and Competitive Analysis Shell Chevron ExxonMobil TotalEnergies Fuchs Petrolub Phillips 66 Appendix Abbreviations and Terminologies Used in the Report References and Sources List of Tables Market Size by Type, Equipment Type, Distribution Channel, and Region (2024–2030) Regional Market Breakdown by Segment Type (2024–2030) List of Figures Market Drivers, Challenges, and Opportunities Regional Market Snapshot Competitive Landscape by Market Share Growth Strategies Adopted by Key Players Market Share by Type and Equipment Type (2024 vs. 2030)