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Report
Transmission Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-02 I 138 Pages I IMARC Group
The global transmission fluids market size reached US$ 7.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.3% during 2022-2028.
Transmission fluid refers to a lubricant to facilitate speed and torque conversions from the engine to the wheels for optimum performance. The fluid lubricates the bearings and metallic components in the gearbox of the automobile and prevents them from wear and tear. Some of the commonly used transmission fluids include automatic, manual, specialty and synthetic transmission fluids. In comparison to the traditionally used lubricants, transmission fluids offer superior oxidation, thermal stability, minimal deposit formation, high viscosity index, resistance against rust and corrosion and compatibility with elastomers. As a result, they find extensive applications in passenger cars, construction vehicles and agricultural machinery to deliver optimum on-road performance and provide wear protection to transmission components.
The growing automotive industry across the globe represents one of the key factors creating a positive outlook on the market. Furthermore, shifting consumer preferences, along with the increasing demand for improved vehicle performance and reliability, is also driving the market growth. In line with this, transmission fluids are also used in off-road vehicles for improved valve operation, brake band friction and torque conversion. Additionally, various product innovations, such as the development of environment-friendly transmission fluids fortified with anti-wear additives and stable viscosity enhancers, are acting as other growth-inducing factors. These additives prevent oil film breakdown, provide a seamless gear shift mechanism and optimize the fuel economy of the vehicle. Other factors, including the rising expenditure capacities of the consumers, along with the utilization of transmission fluids as coolants in automobiles with automatic transmission, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global transmission fluids market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, base oil and application.
Breakup by Type:
Automatic Transmission Fluid
Manual Transmission Fluid
Others
Breakup by Base Oil:
Mineral Oil
Synthetic Oil
Semi-synthetic Oil
Breakup by Application:
Passenger and Commercial Vehicles
Off-Road Vehicles
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amsoil Inc., BASF SE, BP P.L.C., Chevron Corporation, Exxon Mobil Corporation, Fuchs Petrolub SE, Lubrizol Corporation, LukOil, PetroChina Company Limited (China National Petroleum Corporation), Petroliam Nasional Berhad, Royal Dutch Shell Plc and Total SE.
Key Questions Answered in This Report
1. What was the size of the global transmission fluids market in 2022?
2. What is the expected growth rate of the global transmission fluids market during 2023-2028?
3. What has been the impact of COVID-19 on the global transmission fluids market?
4. What are the key factors driving the global transmission fluids market?
5. What is the breakup of the global transmission fluids market based on the type?
6. What is the breakup of the global transmission fluids market based on the base oil?
7. What is the breakup of the global transmission fluids market based on the application?
8. What are the key regions in the global transmission fluids market?
9. Who are the key players/companies in the global transmission fluids market?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Transmission Fluids Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Type
6.1Automatic Transmission Fluid
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Manual Transmission Fluid
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Base Oil
7.1Mineral Oil
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Synthetic Oil
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Semi-synthetic Oil
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1Passenger and Commercial Vehicles
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Off-Road Vehicles
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
14.3.1Amsoil Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2BASF SE
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3BP P.L.C.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4Chevron Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5Exxon Mobil Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6Fuchs Petrolub SE
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7Lubrizol Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8LukOil
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9PetroChina Company Limited (China National Petroleum Corporation)
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10Petroliam Nasional Berhad
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 SWOT Analysis
14.3.11Royal Dutch Shell Plc
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.12Total SE
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
Figure 1: Global: Transmission Fluids Market: Major Drivers and Challenges
Figure 2: Global: Transmission Fluids Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Transmission Fluids Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Transmission Fluids Market: Breakup by Type (in %), 2022
Figure 5: Global: Transmission Fluids Market: Breakup by Base Oil (in %), 2022
Figure 6: Global: Transmission Fluids Market: Breakup by Application (in %), 2022
Figure 7: Global: Transmission Fluids Market: Breakup by Region (in %), 2022
Figure 8: Global: Transmission Fluids (Automatic Transmission Fluid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Transmission Fluids (Automatic Transmission Fluid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Transmission Fluids (Manual Transmission Fluid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Transmission Fluids (Manual Transmission Fluid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Transmission Fluids (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Transmission Fluids (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Transmission Fluids (Mineral Oil) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Transmission Fluids (Mineral Oil) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Transmission Fluids (Synthetic Oil) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Transmission Fluids (Synthetic Oil) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Transmission Fluids (Semi-synthetic Oil) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Transmission Fluids (Semi-synthetic Oil) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Transmission Fluids (Passenger and Commercial Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Transmission Fluids (Passenger and Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Transmission Fluids (Off-Road Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Transmission Fluids (Off-Road Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: North America: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: North America: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: United States: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: United States: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Canada: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Canada: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Asia-Pacific: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Asia-Pacific: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: China: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: China: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Japan: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Japan: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: India: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: India: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: South Korea: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: South Korea: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Australia: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Australia: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Indonesia: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Indonesia: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Others: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Others: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Europe: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Europe: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Germany: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Germany: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: France: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: France: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: United Kingdom: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: United Kingdom: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Italy: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Italy: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Spain: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Spain: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Russia: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Russia: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Latin America: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Latin America: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Brazil: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Brazil: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Mexico: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Mexico: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Middle East and Africa: Transmission Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Middle East and Africa: Transmission Fluids Market: Breakup by Country (in %), 2022
Figure 72: Middle East and Africa: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Global: Transmission Fluids Industry: SWOT Analysis
Figure 74: Global: Transmission Fluids Industry: Value Chain Analysis
Figure 75: Global: Transmission Fluids Industry: Porter's Five Forces Analysis
Table 1: Global: Transmission Fluids Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Transmission Fluids Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Transmission Fluids Market Forecast: Breakup by Base Oil (in Million US$), 2023-2028
Table 4: Global: Transmission Fluids Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Transmission Fluids Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Transmission Fluids Market: Competitive Structure
Table 7: Global: Transmission Fluids Market: Key Players
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