REPORT OUTLOOK
Market Size | CAGR | Dominating Region |
---|---|---|
USD 15.99 billion by 2029 | 2% | Asia Pacific |
By Base oil | By Application | By End user |
---|---|---|
|
|
|
SCOPE OF THE REPORT
Gear Oil Market Overview
The gear oil market is expected to grow at 2% CAGR from 2022 to 2029. It is expected to reach above USD 15.99 billion by 2029 from USD 7.58 billion in 2020.
For use in manual transmissions, differentials, and transfer cases of cars and industry, gear oil is a specialist lubricant. It is designed to give the gears, bearings, and other parts of these systems excellent protection. To guarantee that it stays in place and delivers the required lubrication under the high pressures and temperatures experienced by gears, gear oil is typically thicker than motor oil and has a higher viscosity rating. To further help safeguard the gears from harm and wear, it also contains additives including extreme pressure (EP) agents, anti-wear agents, and corrosion inhibitors.
ATTRIBUTE | DETAILS |
Study period | 2020-2029 |
Base year | 2021 |
Estimated year | 2022 |
Forecasted year | 2022-2029 |
Historical period | 2018-2020 |
Unit | Value (USD Billion), (KILOTONS) |
Segmentation | By Base oil, By application, By End user, by region |
By Base oil |
|
By Application |
|
By End user |
|
By Region |
|
Oil is nearly always necessary to prevent abrasive damage between the gears, which eventually results in system failure since gears produce a lot of heat and friction as they rotate against one another. The majority of gear oils available on the market are made for manual gearboxes in automobiles. While they can be used in industrial processes and are frequently referred to as “universal” gear oils, they frequently contain additives that could damage machinery. Contrarily, Specialized gear oils have a special blend of additives and protective compounds and are created specifically for industrial procedures.
Gear oil comes in various grades, typically designated by a set of numbers and letters such as 80W-90 or 75W-140. These numbers indicate the oil’s viscosity at both high and low temperatures, as well as its ability to flow in cold weather. It is important to use the correct type and grade of gear oil specified by the vehicle or equipment manufacturer to ensure proper lubrication and prevent damage to the gears and other components.
A gear oil is a type of lubricant made specifically for differentials, transfer cases, and transmissions in cars, trucks, and other machines. Due to the booming growth in the automotive and industrial sectors as well as the expanding demand for the power industry, the demand for gear oil has substantially increased in recent years. Gear oil is used to improve the transmission system’s performance, loosen wear and tear, and provide improved fuel efficiency. Higher quality gear oil will considerably fill the need for improved fuel economy and power industrial demand, and this, along with ongoing technological developments to give better gear quality, would open up profitable potential for the market expansion of gear oil globally.
Throughout the forecast period, it is anticipated that growth in the automotive industry, along with technical advancements and the desire for high-performance, fuel-efficient automobiles, will generate a sizable growth opportunity. Automobile sales are expanding quickly in developing nations, largely as a result of a promising economic outlook and greater disposable income. Furthermore, expanding industries like the mining and construction sectors are fueling the demand for high-performance heavy vehicles.
The market for gear oil may be constrained by the rise in interest in electric cars (EVs). EVs do not need gear oil to lubricate them because they do not have conventional gearboxes. Gear oil demand may decline as a result of this. As the market share of EVs grows, the demand for gear oil is likely to decrease, which could impact the revenue and profitability of gear oil manufacturers. However, it’s important to note that while the number of EVs on the road is increasing, there are still many vehicles that use internal combustion engines and require gear oil for lubrication.
There is a rising need for high-quality, ecologically friendly gear oil that provides exceptional performance. Gear oil producers can profit from this development by creating new products that adhere to these specifications. The expansion of the industrial and construction sectors, especially in emerging markets, can create opportunities for the gear oil market. These sectors require heavy machinery that uses gear oil for lubrication, creating a steady demand for gear oil products.
The covid-19 pandemic had a significant impact on the gear oil market globally. The consumer spending habits were changed as a result of the economic effects of the pandemic. Many wind energy projects were remained unfinished as a result of different areas’ financial difficulties. In addition, the wind energy industry had to deal with uncertainties in the supply chain, a lack of subcontractors and supplies, and contract terminations to cut costs, all of which hampered the growth of the gear oil market throughout the course of the projected period. This decrease in wind energy project activity had a significant impact on the demand for gear oils for wind turbines. Also, due to the worldwide coronavirus outbreak, building and construction activities were temporarily halted in a number of sites. As a result, it is anticipated that insufficient raw material supply will reduce market growth and delay the manufacturing rate of gear oils.
Gear Oil Market Segment Analysis
The gear oil market is segmented based on base oil, application and end user.
The market is divided into four categories based on base oil which are mineral oil, synthetic oil, semi-synthetic oil, and bio-based oil. Due to its numerous uses in air compressors, aircraft oilers, bearings, blowers, circulation systems, cranes, gearboxes, hydraulics, industrial turbines, and vacuum pumps, mineral oil is expected to see a higher CAGR throughout the projection period. Mineral oil is used in gearboxes to manage temperature rise, reduce friction, and power loss in order to provide superior performance. Also, the expansion of international players into developing countries contributes to the expansion of the gear oil industry.
Based on the application , the gear oil market is segmented into lubrication and heat generation removal. Gear oil is primarily used to provide lubrication to gears and other moving components in machinery. It helps reduce friction between the gears and protects against wear and tear, which can lead to costly repairs or replacement of equipment.
Based on the end user gear oil market is segmented into automotive, plastic manufacturing, power generation, construction, oil and gas industry. Because of the rising demand for vehicles globally, the automotive industry uses gear oil at a higher rate than most other end users. This segment includes passenger cars, commercial vehicles, and off-highway vehicles such as tractors, excavators, and bulldozers. Manufacturing, mining, building, and other heavy machinery applications are among the industrial end-users of gear oil. Ships, boats, and other marine vessels are examples of marine end users, whereas spacecraft and aircraft are examples of other end users.
Gear Oil Market Players
The gear oil market key players include Royal Dutch Shell Plc., ExxonMobil Corporation, BP PLC, Chevron Corporation, Total S.A., Petrochina Company Limited, Sinopec Limited, Fuchs Petrolub SE, Lukoil, and Idemitsu Kosan Co., Ltd.
Recent News
September 23, 2022 : Sinopec Zhenhai Refinery of China Petroleum & Chemical Corporation (HKG: 0386, “Sinopec”) obtained a bio-jet fuel airworthiness certificate issued by the Civil Aviation Administration of China (CAAC) on September 19. The first batch of bio-jet fuel will be shipped to the Airbus (China) Tianjin plant this month. The fuel, derived from used cooking oil, will then be used for flights across China.
March 01, 2023: Chevron U.S.A. Inc. announced the opening of its second compressed natural gas (CNG) station in the state of California, increasing availability of lower carbon fuels to heavy duty vehicles. This newest station is a collaboration between Valley Pacific, one of California’s largest fuel marketers, and Chevron.
Who Should Buy? Or Key stakeholders
- Gear Oil Suppliers
- Raw Materials Manufacturers
- Research Organizations
- Investors
- Regulatory Authorities
- Others
Gear Oil Market Regional Analysis
The gear oil market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
The Asia Pacific region holds the largest market share for the gear oil market, accounting for around 40% of the global market share. The region is expected to continue to dominate the market during the forecast period, driven by the increasing demand for gear oil from various end-users such as automotive, industrial, and marine applications. The Asia Pacific region is experiencing growth due to a number of factors, including the region’s expanding population, rising urbanization, rising industrialization, and expanding manufacturing and construction sectors. The need for gear oil in the region is also being fueled by the growing investments being made in infrastructure development projects like roads, trains, and airports in nations like China and India. Furthermore, the automotive industry’s demand for gear oil is being driven by the Asia Pacific region’s status as one of the biggest marketplaces for passenger and commercial vehicles. Gear oil demand is also being fueled by the expansion of the marine sector and the rising need for oil and gas exploration in the area.
North American gear oil market is also expected to witness moderate growth during the forecast period. The growth in this region is driven by the increasing demand for gear oil from various end-users such as automotive, industrial, and marine applications. The automotive industry is a major contributor to the growth of the gear oil market in North America. The region is home to some of the world’s largest automotive manufacturers, which has resulted in a significant demand for gear oil in the region. The growth of the industrial sector in North America is also driving the demand for gear oil, particularly in sectors such as construction, mining, and oil and gas. Additionally, the marine industry in North America is also contributing to the growth of the gear oil market in the region. The region is home to several major ports and harbors, and the demand for gear oil in the marine industry is expected to continue to increase due to the growing demand for shipping services.
Key Market Segments: Gear Oil Market
Gear Oil Market by Base Oil, 2020-2029, (USD Billion), (Kilotons)
- Biobased Oil
- Synthetic Oil
- Semi-Synthetic Oil
- Mineral Oil
Gear Oil Market by Application, 2020-2029, (USD Billion), (Kilotons)
- Liquid Coating
- Heat Generation Removal
Gear Oil Market by End User, 2020-2029, (USD Billion), (Kilotons)
- Transportation
- Plastic Manufacturing
- Power Generation
- Construction
- Oil And Gas Industry
Gear Oil Market by Region, 2020-2029, (USD Billion), (Kilo Tons)
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Exactitude Consultancy Services Key Objectives
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Questions Answered
- What is the expected growth rate of the gear oil market over the next 7 years?
- Who are the major players in the gear oil market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the gear oil market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the gear oil market?
- What is the current and forecasted size and growth rate of the global gear oil market?
- What are the key drivers of growth in the gear oil market?
- What are the distribution channels and supply chain dynamics in the gear oil market?
- What are the technological advancements and innovations in the gear oil market and their impact on base oil development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the gear oil market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the gear oil market?
- What are the product offerings and specifications of leading players in the market?
- What is the pricing trend of gear oil in the market and what is the impact of raw material prices on the price trend?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL GEAR OIL MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON GEAR OIL MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL GEAR OIL MARKET OUTLOOK
- GLOBAL GEAR OIL MARKET BY BASE OIL, 2020-2029,(USD BILLION, KILOTONS)
- BIOBASED OIL
- SYNTHETIC OIL
- SEMI-SYNTHETIC OIL
- MINERAL OIL
- GLOBAL GEAR OIL MARKET BY APPLICATION, 2020-2029, (USD BILLION, KILOTONS)
- LIQUID COATING
- HEAT GENERATION REMOVAL
- GLOBAL GEAR OIL MARKET BY END USER, 2020-2029, (USD BILLION, KILOTONS)
- TRANSPORTATION
- PLASTIC MANUFACTURING
- POWER GENERATION
- CONSTRUCTION
- OIL AND GAS INDUSTRY
- GLOBAL GEAR OIL MARKET BY REGION, 2020-2029, (USD BILLION, KILOTONS)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- ROYAL DUTCH SHELL PLC.
- EXXONMOBIL CORPORATION
- BP PLC
- CHEVRON CORPORATION
- TOTAL S.A.
- PETROCHINA COMPANY LIMITED
- SINOPEC LIMITED
- FUCHS PETROLUB SE
- LUKOIL
- IDEMITSU KOSAN CO., LTD. *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 GLOBAL GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 2 GLOBAL GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 3 GLOBAL GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 4 GLOBAL GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 5 GLOBAL GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 6 GLOBAL GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 7 GLOBAL GEAR OIL MARKET BY REGION (USD BILLION), 2020-2029
TABLE 8 GLOBAL GEAR OIL MARKET BY REGION (KILOTONS), 2020-2029
TABLE 9 NORTH AMERICA GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 10 NORTH AMERICA GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 11 NORTH AMERICA GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 12 NORTH AMERICA GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 13 NORTH AMERICA GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 14 NORTH AMERICA GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 15 NORTH AMERICA GEAR OIL MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 16 NORTH AMERICA GEAR OIL MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 17 US GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 18 US GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 19 US GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 20 US GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 21 US GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 22 US GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 23 CANADA GEAR OIL MARKET BY BASE OIL (BILLION), 2020-2029
TABLE 24 CANADA GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 25 CANADA GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 26 CANADA GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 27 CANADA GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 28 CANADA GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 29 MEXICO GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 30 MEXICO GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 31 MEXICO GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 32 MEXICO GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 33 MEXICO GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 34 MEXICO GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 35 SOUTH AMERICA GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 36 SOUTH AMERICA GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 37 SOUTH AMERICA GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 38 SOUTH AMERICA GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 39 SOUTH AMERICA GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 40 SOUTH AMERICA GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 41 SOUTH AMERICA GEAR OIL MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 42 SOUTH AMERICA GEAR OIL MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 43 BRAZIL GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 44 BRAZIL GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 45 BRAZIL GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 46 BRAZIL GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 47 BRAZIL GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 48 BRAZIL GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 49 ARGENTINA GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 50 ARGENTINA GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 51 ARGENTINA GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 52 ARGENTINA GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 53 ARGENTINA GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 54 ARGENTINA GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 55 COLOMBIA GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 56 COLOMBIA GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 57 COLOMBIA GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 58 COLOMBIA GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 59 COLOMBIA GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 60 COLOMBIA GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 61 REST OF SOUTH AMERICA GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 62 REST OF SOUTH AMERICA GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 63 REST OF SOUTH AMERICA GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 64 REST OF SOUTH AMERICA GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 65 REST OF SOUTH AMERICA GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 66 REST OF SOUTH AMERICA GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 67 ASIA-PACIFIC GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 68 ASIA-PACIFIC GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 69 ASIA-PACIFIC GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 70 ASIA-PACIFIC GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 71 ASIA-PACIFIC GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 72 ASIA-PACIFIC GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 73 ASIA-PACIFIC GEAR OIL MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 74 ASIA-PACIFIC GEAR OIL MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 75 INDIA GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 76 INDIA GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 77 INDIA GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 78 INDIA GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 79 INDIA GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 80 INDIA GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 81 CHINA GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 82 CHINA GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 83 CHINA GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 84 CHINA GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 85 CHINA GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 86 CHINA GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 87 JAPAN GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 88 JAPAN GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 89 JAPAN GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 90 JAPAN GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 91 JAPAN GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 92 JAPAN GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 93 SOUTH KOREA GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 94 SOUTH KOREA GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 95 SOUTH KOREA GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 96 SOUTH KOREA GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 97 SOUTH KOREA GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 98 SOUTH KOREA GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 99 AUSTRALIA GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 100 AUSTRALIA FERTILIZER ADDITIVESBY BASE OIL (KILOTONS), 2020-2029
TABLE 101 AUSTRALIA GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 102 AUSTRALIA GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 103 AUSTRALIA GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 104 AUSTRALIA GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 105 SOUTH EAST ASIA GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 106 SOUTH EAST ASIA FERTILIZER ADDITIVESBY BASE OIL (KILOTONS), 2020-2029
TABLE 107 SOUTH EAST ASIA GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 108 SOUTH EAST ASIA GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 109 SOUTH EAST ASIA GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 110 SOUTH EAST ASIA GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 111 REST OF ASIA PACIFIC GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 112 REST OF ASIA PACIFIC FERTILIZER ADDITIVESBY BASE OIL (KILOTONS), 2020-2029
TABLE 113 REST OF ASIA PACIFIC GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 114 REST OF ASIA PACIFIC GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 115 REST OF ASIA PACIFIC GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 116 REST OF ASIA PACIFIC GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 117 EUROPE GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 118 EUROPE GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 119 EUROPE GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 120 EUROPE GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 121 EUROPE GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 122 EUROPE GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 123 EUROPE GEAR OIL MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 124 EUROPE GEAR OIL MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 125 GERMANY GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 126 GERMANY GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 127 GERMANY GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 128 GERMANY GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 129 GERMANY GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 130 GERMANY GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 131 UK GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 132 UK GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 133 UK GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 134 UK GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 135 UK GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 136 UK GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 137 FRANCE GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 138 FRANCE GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 139 FRANCE GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 140 FRANCE GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 141 FRANCE GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 142 FRANCE GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 143 ITALY GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 144 ITALY GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 145 ITALY GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 146 ITALY GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 147 ITALY GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 148 ITALY GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 149 SPAIN GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 150 SPAIN GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 151 SPAIN GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 152 SPAIN GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 153 SPAIN GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 154 SPAIN GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 155 RUSSIA GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 156 RUSSIA GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 157 RUSSIA GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 158 RUSSIA GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 159 RUSSIA GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 160 RUSSIA GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 161 REST OF EUROPE GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 162 REST OF EUROPE GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 163 REST OF EUROPE GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 164 REST OF EUROPE GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 165 REST OF EUROPE GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 166 REST OF EUROPE GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 167 MIDDLE EAST AND AFRICA GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 168 MIDDLE EAST AND AFRICA GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 169 MIDDLE EAST AND AFRICA GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 170 MIDDLE EAST AND AFRICA GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 171 MIDDLE EAST AND AFRICA GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 172 MIDDLE EAST AND AFRICA GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 173 MIDDLE EAST AND AFRICA GEAR OIL MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 174 MIDDLE EAST AND AFRICA GEAR OIL MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 175 UAE GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 176 UAE GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 177 UAE GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 178 UAE GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 179 UAE GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 180 UAE GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 181 SAUDI ARABIA GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 182 SAUDI ARABIA GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 183 SAUDI ARABIA GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 184 SAUDI ARABIA GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 185 SAUDI ARABIA GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 186 SAUDI ARABIA GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 187 SOUTH AFRICA GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 188 SOUTH AFRICA GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 189 SOUTH AFRICA GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 190 SOUTH AFRICA GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 191 SOUTH AFRICA GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 192 SOUTH AFRICA GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
TABLE 193 REST OF MIDDLE EAST AND AFRICA GEAR OIL MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 194 REST OF MIDDLE EAST AND AFRICA GEAR OIL MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 195 REST OF MIDDLE EAST AND AFRICA GEAR OIL MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 196 REST OF MIDDLE EAST AND AFRICA GEAR OIL MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 197 REST OF MIDDLE EAST AND AFRICA GEAR OIL MARKET BY END USER (USD BILLION), 2020-2029
TABLE 198 REST OF MIDDLE EAST AND AFRICA GEAR OIL MARKET BY END USER (KILOTONS), 2020-2029
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL GEAR OIL MARKET BY BASE OIL, USD BILLION, 2020-2029
FIGURE 9 GLOBAL GEAR OIL MARKET BY APPLICATION, USD BILLION, 2020-2029
FIGURE 10 GLOBAL GEAR OIL MARKET BY END USER, USD BILLION, 2020-2029
FIGURE 11 GLOBAL GEAR OIL MARKET BY REGION, USD BILLION, 2020-2029
FIGURE 12 PORTER’S FIVE FORCES MODEL
FIGURE 13 GLOBAL GEAR OIL MARKET BY REGION, USD BILLION, 2021
FIGURE 14 GLOBAL GEAR OIL MARKET BY APPLICATION, USD BILLION, 2021
FIGURE 15 GLOBAL GEAR OIL MARKET BY BASE OIL, USD BILLION, 2021
FIGURE 16 GLOBAL GEAR OIL MARKET BY END USER, USD BILLION, 2021
FIGURE 17 MARKET SHARE ANALYSIS
FIGURE 18 ROYAL DUTCH SHELL PLC.: COMPANY SNAPSHOT
FIGURE 19 EXXONMOBIL CORPORATION: COMPANY SNAPSHOT
FIGURE 20 BP PLC: COMPANY SNAPSHOT
FIGURE 21 CHEVRON CORPORATION : COMPANY SNAPSHOT
FIGURE 22 TOTAL S.A.: COMPANY SNAPSHOT
FIGURE 23 PETROCHINA COMPANY LIMITED.: COMPANY SNAPSHOT
FIGURE 24 SINOPEC LIMITED: COMPANY SNAPSHOT
FIGURE 25 FUCHS PETROLUB SE: COMPANY SNAPSHOT
FIGURE 26 LUKOIL: COMPANY SNAPSHOT
FIGURE 27 IDEMITSU KOSAN CO., LTD.: COMPANY SNAPSHOT
FAQ
The Gear Oil market size is expected to reach above USD 15.99 billion by 2029 from USD 7.58 billion in 2020.
Asia Pacific held more than 40 % of the Gear Oil market revenue share in 2021 and will witness expansion in the forecast period.
A gear oil is a type of lubricant made specifically for differentials, transfer cases, and transmissions in cars, trucks, and other machines. Due to the booming growth in the automotive and industrial sectors as well as the expanding demand for the power industry, the demand for gear oil has substantially increased in recent years.
Based on the end user gear oil market is segmented into automotive, plastic manufacturing, power generation, construction, oil and gas industry. Because of the rising demand for vehicles globally, the automotive industry uses gear oil at a higher rate than most other end users. This segment includes passenger cars, commercial vehicles, and off-highway vehicles such as tractors, excavators, and bulldozers. Manufacturing, mining, building, and other heavy machinery applications are among the industrial end-users of gear oil. Ships, boats, and other marine vessels are examples of marine end users, whereas spacecraft and aircraft are examples of other end users.
The Asia Pacific region holds the largest market share for the gear oil market, accounting for around 40% of the global market share. The region is expected to continue to dominate the market during the forecast period, driven by the increasing demand for gear oil from various end-users such as automotive, industrial, and marine applications.
In-Depth Database
Our Report’s database covers almost all topics of all regions over the Globe.
Recognised Publishing Sources
Tie ups with top publishers around the globe.
Customer Support
Complete pre and post sales
support.
Safe & Secure
Complete secure payment
process.