Global Transmission Fluids Market is projected to grow at a CAGR of 4.39% from 2017 to 2025 Transmission fluids are used to lubricate various parts of the transmission system of a vehicle. These fluids are used specifically in the automotive sector due to change in transmission speed and gears whereas, in the industrial sector, these fluids are marketed as gear oils with a change in viscosity.
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Global Transmission Fluids Market Size and Volume - Forecasts to 2025 By End-User Landscape (Consumer Profile), Base Oil (Mineral, Synthetic, Semi-Synthetic), Type (Manual Transmission Fluid, Automatic Transmission Fluid, Dual-clutch Transmission Fluid, Continuously Variable Transmission Fluid), End-Use Industry (Automotive (Passenger Vehicle, Commercial Vehicle), Off-Road (Construction, Agriculture)), and Region.
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End-User Landscape (Consumer Profile): Transmission Fluids Market
Companies such as the Fuchs Petrolub SE, Royal Dutch Shell plc, and Total S.A. among others are investing extensively in the manufacturing and sale of transmission fluids, which presents a huge opportunity to transmission fluid suppliers.
The report provides a detailed list of end-users operating across the world.
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Mineral oil based transmission fluids is estimated to account for the largest share in 2017
Rapid urbanization and population growth in developing countries coupled with an increase in employment opportunities is fuelling the demand for transmission fluids. The low-cost factor of mineral base oil is the major factor for their largest share in the global transmission fluids market.
Mineral base oils are derived from hydrocarbons and they do not possess a diverse viscosity range whereas, synthetic base oils have a much wider viscosity range and are priced in a much higher range.
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Automotive Industry accounted for the largest share of the global transmission fluids market in 2016
The increasing population across the globe, rising per-capita spending on luxury products and higher standard of living are the major factors for a huge demand of vehicles in every household. According to Bureau of Transportation Statistics, an average household has 1.9 number of vehicles.
The consumers prefer to drive their own car for better convenience while commuting to work through public transport. The increasing demand of vehicles has significantly increased the market share of automotive industry globally.
Asia Pacific Transmission Fluids market is projected to grow at the highest CAGR in transmission fluids market during the forecast period (2017-2025)
The growing automotive and construction sectors in Asian countries such as India and China along with the adoption of rapid technological advancement has significantly boosted Asia-Pacific?s Transmission Fluids market. government?s spending on boosting the agricultural output has led to an increase in specially designed products such as universal tractor transmission oil which works as a transmission as well as gear oil in agricultural machinery.
Transmission Fluids Market Opportunities
- The increasing popularity of semi-synthetic transmission fluids over traditional mineral based transmission fluids acts as an opportunity for the market growth
- Automatic transmission fluids segment is expected to continue its lead in the coming future.
- Technological development coupled with increased durability and longer drain intervals, should positively influence the industry growth
- Agricultural and construction industry is growing rapidly in the emerging economies, leading to huge growth prospects for transmission fluids used in the heavy machineries used in these sectors.
Exxon Mobil Corporation, Total S.A. and Royal Dutch Shell Plc. among others account for the major share in Transmission Fluids market.
Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.
Get More Details In-Depth By TOC Of This Report –
TABLE OF CONTENT
1 ABOUT TRANSMISSION FLUIDS
2 TYPES OF TRANSMISSION FLUIDS
3 TECHNOLOGICAL TRENDS IN TRANSMISSION FLUIDS MARKET
4 DEMAND AND SUPPLY MATRIX
4.2 DEMAND SIDE ANALYSIS
4.2.1 TRANSMISSION FLUIDS: MARKET DRIVERS
4.2.2 TRANSMISSION FLUIDS: MARKET RESTRAINTS
4.2.3 TRANSMISSION FLUIDS: MARKET OPPORTUNITIES
4.2.4 TRANSMISSION FLUIDS: MARKET CHALLENGES
4.3 SUPPLY SIDE ANALYSIS
5 GLOBAL TRANSMISSION FLUIDS MARKET: END-USER LANDSCAPE (CONSUMER PROFILE)
6 GLOBAL TRANSMISSION FLUIDS MARKET, BY TYPE
6.2 AUTOMATIC TRANSMISSION FLUID (ATF)
6.3 MANUAL TRANSMISSION FLUID (MTF)
6.4 DUAL-CLUTCH TRANSMISSION FLUIDS (DCT)
6.5 CONTINUOUSLY VARIABLE TRANSMISSION FLUIDS (CVT)
7 GLOBAL TRANSMISSION FLUIDS MARKET, BY BASE OIL
8 GLOBAL TRANSMISSION FLUIDS MARKET, BY END-USE
8.2 AUTOMOTIVE PASSENGER VEHICLE
8.3 AUTOMOTIVE COMMERCIAL VEHICLE
8.4 OFF-ROAD CONSTRUCTION & MINING VEHICLE
8.5 OFF-ROAD AGRICULTURE VEHICLE
9 GLOBAL TRANSMISSION FLUIDS MARKET, BY REGION
9.2 NORTH AMERICA TRANSMISSION FLUIDS MARKET
9.2.1 BY TYPE
9.2.2 BY BASE OIL
9.2.3 BY END-USE
9.2.4 BY COUNTRY
10 COMPANY PROFILE
10.1 BASF SE
10.1.1 BUSINESS DESCRIPTION
10.1.2 SWOT ANALYSIS
10.1.3 PRODUCTS AND SERVICES OFFERED
10.2 CHEVRON CORPORATION
10.2.1 BUSINESS DESCRIPTION
10.3 EXXON MOBIL CORPORATION
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