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Report Outlook
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 13.82 Billion by 2029 | 4.0% | Asia Pacific |
| By Type | By Base Oil | By End User Industry |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Transmission Fluids Market Overview
The transmission fluids market is expected to grow at 4.0% CAGR from 2022 to 2029. It is expected to reach above USD 13.82 Billion by 2029 from USD 10.1 Billion in 2020.
One of the fluids used in cars for both manual and automatic transmissions when the engine is moving the vehicle is transmission fluids. There are typically two colors of transmission fluids: red and green. It is colored to make it stand out from the motor oils and other fluids that are also used in automobiles. Using transmission fluids in automobiles to lubricate gears, operate valves, operate torque converters, and reduce friction in brake bands. Significant qualities of transmission fluids include good thermal stability, anti-wear protection for hydraulic and transmission systems, improved fuel efficiency, compatibility with seal materials, and high torque capacity for efficient power transfer and acceleration.
| 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 | Â By Type, By Base oil, By End user industry By Region |
| By Type |
|
| By Base oil |
|
| By End user industry |
|
| By Region |
|
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The makers of transmission fluids, who have a significant global presence and are dominating the market with their broad distribution networks and diverse product lines, are one of the key factors for the market for transmission fluids in the heavy duty vehicle segment. Consumer preference for vehicles with lower carbon emissions has pushed manufacturers to increase fuel efficiency standards and maintain partnerships with original equipment manufacturers to provide cutting-edge automobile transmission fluids. A growth in the vehicle fleet for both on- and off-road use, as well as the expansion of the industrial sector in both developed and emerging countries, are further reasons that are anticipated to fuel the demand for transmission fluids. The market for transmission fluids is anticipated to grow as people become more aware of the advantages of industrially sophisticated lubricants. The possibility for manufacturers to provide cutting-edge transmission fluids that help consumers get the high-performance, fuel-efficient cars they want is significant. Throughout the projection period, it is anticipated that growth in the construction and automotive industries will increase demand for transmission fluids.
The market for transmission fluids may rise in the near future due to a number of factors, including The need for fuel-efficient and high-performance vehicles is growing as a result of rising consumer awareness of low emission, environmentally friendly, and zero carbon emission vehicles. Innovative fluids are also being produced in accordance with the vehicle manufacturing units to meet this demand.
Due to of the accelerated growth of the automotive and infrastructure sectors, there is a rising need for both commercial and passenger vehicles in India, China, Brazil, and South Korea. The automobile industry has had significant growth in recent decades in terms of R&D, production capacity, competitive standards, and ongoing development. Due to of cheap labor, raw resources, government subsidiaries, and significant foreign direct investment, the infrastructure sector in emerging economies has flourished (FDI). Since 2005, emerging economies have experienced significant industrialization and growth in foreign direct investment, according to the International Organization of Motor Vehicle Manufacturers (OICA), which has led to a rapid expansion of the automobile sector in those countries (FDI). As a result, it has increased the purchasing power of consumers by generating well-paying jobs in rising economies. Also, during the COVID-19 pandemic, demand for passenger cars increased as more individuals chose to commute privately rather than using public transit. Also, the epidemic boosted the need for commercial vehicles due to the transportation of food and medical supplies.
Since the majority of people in the developed nations the United States, Germany, and Japan own at least one car each, the passenger car market in this area is mature. The demand for passenger cars won’t therefore be increased by any significant driving factors. As a result, the market for transmission fluids will be impacted. Furthermore, when compared to India, Indonesia, and China, the GDP growth in developed nations like the US, Germany, and Japan did not demonstrate a notable increase. The development of the passenger car market was impacted by the GDP’s sluggish growth since consumers buy more cars when the economy is doing well. The passenger automobile market is not doing well in the industrialized countries at the moment. There are about 1.9 vehicles per home, according to data from the US Bureau of Transportation Statistics. China has 173 automobiles per 1000 people, Germany has 566 cars per 1000 people, Indonesia has 78 cars per 1000 people, and India has 225 cars per 1000 people. According to the data above, industrialized countries have a disproportionately large number of cars, which has kept the demand for passenger cars there stable. The aforementioned facts suggest that the passenger automobile market is mature in industrialized countries like the US, Germany, and Japan. As a result, the demand for passenger automobiles is stable and will adversely affect the demand for transmission fluids.
Electric motors drive the wheels of an electric vehicle (EV), but a transmission system is also needed to transfer the power. The transmission assembly for an electric vehicle consists of an axle rod and one or more gearboxes to transfer power. In order for EVs to work better, even if they have an electric motor, they still need some lubrication, like transmission fluids. To promote the production and use of electric vehicles, governments and numerous automakers are putting a lot of effort into developing electric automobiles. Due to of the rising cost of crude oil and the contribution EVs provide to environmental goals, electric vehicles have gained popularity among consumers. Also, compared to ICE vehicles, electric vehicles are more efficient. Up to a significant degree, electric cars can minimize greenhouse gas emissions. Also, EVs don’t emit any emissions, which greatly reduces air pollution. Many lubricant manufacturers have introduced a new line of transmission fluids that are compatible with EVs in response to the market situation for EVs, including Castrol (UK), Valvoline (US), Shell PLC (US), and TotalEnergies (France). As a result, the market for EV fluids will grow, driving up demand for transmission fluids.
Many businesses and markets, notably the market for transmission fluids, have been impacted by the COVID-19 epidemic. The transmission fluids market may have been impacted by the pandemic in the following ways. The main cause is disruptions to supply chains. The transmission fluids market may have been impacted by the pandemic, which has disrupted supply chains in numerous industries. If producers of transmission fluids or the raw materials required to make it were compelled to cease operations or scale back production as a result of COVID-19, it might have resulted in shortages or higher costs. The contributing reason is a decline in demand for new vehicles. Due to people spending more time at home and taking fewer trips, the epidemic has also decreased the market for new cars. As there are fewer new automobiles on the road, there are also fewer transmissions that require fluids changes, which may have an impact on the market for transmission fluids.
Transmission Fluids Market Segment Analysis
The transmission fluids market is segmented based on type, base oil, end user industry and region.
With a share of 54.2% in 2021, manual transmission fluids types dominated the market in terms of volume. MTF focuses on the manual transmission car sector for its applications. While improving fuel efficiency and reducing the noise produced by manual transmission automobiles are the main concerns, product innovation in this market is ongoing. Over the foreseeable period, product demand is anticipated to be supported by technological developments and innovations in motor upgrade. Due to the rising demand for vehicles with manual transmissions, MTF has seen tremendous growth in places like Europe. Moreover, CVT fluids are prepared with special anti-wear compounds and stable viscosity enhancers that stop the disintegration of the oil film. The ability of CVT technology to provide outstanding fuel economy and easily transition between gears has led to its widespread adoption in numerous vehicles produced by Nissan, Mitsubishi, BMW, Mini Cooper, Dodge, and Mercedes Benz. Due to ongoing innovation by automakers in the region, CVTF has a large market share in Asia Pacific.
Using base oil as a dividing line, the market for transmission fluids is divided into mineral, synthetic, and semi- synthetic. The primary type of transmission fluids that, in terms of value, held the most market share in 2021 was mineral base oil. Mineral base oils made from crude extracts are more suitable for use in all end-use industries due to their low cost, easy availability, and straightforward integration into almost every transmission system.
With a market share of more than 55% in 2021, the off-road vehicles end user industry was the market leader in terms of volume. By offering wear protection for transmission components for longer vehicle life, the fluids used in off-road vehicles, such as construction vehicles and agricultural machinery, are designed to deliver the best on-road force. Several oil formulas are required for high-pressure hydraulic systems in construction, mining, agriculture, and forestry equipment’s transmissions. The product is necessary for a variety of equipment and off-road vehicles used in construction, such as backhoe loaders that push tones of earth and require frictional stability, elastomer compatibility, sludge control, and hydraulic pump performance for smooth performance delivery and a longer lifespan.
Transmission Fluids Market Key Players
The transmission fluids market key players includes Amalie Oil Co., American Hitech Petroleum & Chemicals Inc., BASF SE, BP PLC, CASTROL LIMITED, Chevron Corporation, China Petroleum & Chemical Corporation, CRP Industries Inc., Exxon Mobil Corporation, Ford Motor Company, Gulf Oil Lubricants India Ltd, Kemipex, PetroCanada Lubricants Inc., Royal Dutch Shell plc.
Industry Development:
17 January 2023: BASF had announced an investment in the capacity expansion of polymer dispersions at its production site in Merak, Indonesia. The expansion was in line with the growing trend of high-quality packaging in ASEAN where key paper and board manufacturers were located.
19 December 2022: BASF had delivered the first batch of nickel-cobalt-manganese (NCM) cathode active materials (CAM) via its majority-owned joint venture BASF TODA Battery Materials LLC (BTBM) to Prime Planet Energy & Solutions (PPES), a joint venture between Toyota Motor Corporation (Toyota) and Panasonic Holdings Corporation (Panasonic).
Who Should Buy? Or Key Stakeholders
- Transmission fluids manufacturers
- Transmission fluids suppliers and distributors
- Raw material suppliers
- Service providers
- Government bodies
- Investors
- Regulatory Authorities
- Others
Transmission Fluids Market Regional Analysis
The Transmission fluids 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
53.9% of the total volume was produced in Asia Pacific, which dominated the market in 2021. Â Construction, automotive, and mining are just a few of the quickly growing industries that are located in the area and offer huge opportunity for transmission fluids producers. In the coming years, it is anticipated that rising construction investment due to the requirement for sustainable infrastructure would drive overall product demand. The use of off-road vehicles is also anticipated to develop significantly throughout the Asia Pacific, along with the need for the appropriate transmission fluids to power the vehicles, all of which will result in an increase in product consumption in the region. Due to their smooth, unrestricted transmission enabling qualities, MTFs and ATFs are anticipated to be largely utilised by heavy-duty vehicles. Due to significant expenditures made by Southeast Asian countries, the Asia Pacific area is the one with the fastest increasing infrastructure internationally. Automobile sales are also predicted to be boosted by rising per capita wealth in nations like China and India.
Also, the region’s tourism industry is anticipated to grow as a result of the low-cost flying revolution that is currently taking place in Europe, which has active links to its airports from various international airports. For instance, the Italian government actively promotes foreign investment, especially in rural areas, and provides a variety of grants for the renovation of rural properties to advance rural tourism in the nation. The Italian government allocated USD 2.7 billion in 2013 for the creation and improvement of local roads, rail systems, and other infrastructure projects. The demand for commercial cars in the area increased as a result of these reasons.
The existence of numerous international automakers, including Chrysler LLC, General Motors, and Ford, has led to a concentration of the market in North America. The main factor fueling the expansion of the transmission fluids market is the advancement of the local automotive industry. Additionally, spending on construction in North America is increasing at a stable 3% yearly rate, indicating a healthy market development curve, especially for off-road vehicles used for construction. Due to the trend change from manual transmission automobiles to ATVs driven by consumer preference, the market for ATF is anticipated to increase in North America. As comparison to conventional manual transmission cars, ATVs provide easier driving, better fuel efficiency, and lower emission levels.
Key Market Segments: Transmission Fluids Market
Transmission Fluids Market By Type, 2020-2029, (USD Billion), (Kilotons).
- Automatic Transmission Fluids/Atf
- Manual Transmission Fluids/Mtf
- Cvt
- Dct
Transmission Fluids Market By Base Oil, 2020-2029, (USD Billion), (Kilotons).
- Mineral
- Synthetic
- Semi Synthetic
Transmission Fluids Market By End User Industry, 2020-2029, (USD Billion), (Kilotons).
- Automotive
- Off-Road Vehicles
Transmission Fluids Market By Region, 2020-2029, (USD Billion), (Kilotons).
- 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 Question Answered
- What is the expected growth rate of the transmission fluids market over the next 7 years?
- Who are the major players in the transmission fluids 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 transmission fluids market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the transmission fluids market?
- What is the current and forecasted size and growth rate of the global transmission fluids market?
- What are the key drivers of growth in the transmission fluids market?
- What are the distribution channels and supply chain dynamics in the transmission fluids market?
- What are the technological advancements and innovations in the transmission fluids market and their impact on form development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the transmission fluids market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the transmission fluids market?
- What are the product offerings and specifications of leading players in the market?
- What is the pricing trend of transmission fluids 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 TRANSMISSION FLUIDS OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON TRANSMISSION FLUIDS 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 TRANSMISSION FLUIDS OUTLOOK
- GLOBAL TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION) (KILOTONS) 2020-2029
- AUTOMATIC TRANSMISSION FLUIDS/ATF
- MANUAL TRANSMISSION FLUIDS/MTF
- CVT
- DCT
- GLOBAL TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION) (KILOTONS) 2020-2029
- MINERAL
- SYNTHETIC
- SEMI SYNTHETIC
- GLOBAL TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION) (KILOTONS) 2020-2029
- AUTOMOTIVE
- OFF-ROAD VEHICLES
- GLOBAL TRANSMISSION FLUIDS MARKET BY REGION (USD BILLION) (KILOTONS) 2020-2029
- 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)
- AMALIE OIL CO.
- AMERICAN HITECH PETROLEUM & CHEMICALS INC.
- BASF SE
- BP PLC
- CASTROL LIMITED
- CHEVRON CORPORATION
- CHINA PETROLEUM & CHEMICAL CORPORATION
- CRP INDUSTRIES INC.
- EXXON MOBIL CORPORATION
- FORD MOTOR COMPANY
- GULF OIL LUBRICANTS INDIA LTD
- KEMIPEX
- PETROCANADA LUBRICANTS INC.
- ROYAL DUTCH SHELL PLC
*THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 GLOBAL TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 2 GLOBAL TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 3 GLOBAL TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 4 GLOBAL TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 5 GLOBAL TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 6 GLOBAL TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 7 GLOBAL TRANSMISSION FLUIDS MARKET BY REGION (USD BILLION), 2020-2029
TABLE 8 GLOBAL TRANSMISSION FLUIDS MARKET BY REGION (KILOTONS), 2020-2029
TABLE 9 NORTH AMERICA TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 10 NORTH AMERICA TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 11 NORTH AMERICA TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 12 NORTH AMERICA TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 13 NORTH AMERICA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 14 NORTH AMERICA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 15 NORTH AMERICA TRANSMISSION FLUIDS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 16 NORTH AMERICA TRANSMISSION FLUIDS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 17 US TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 18 US TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 19 US TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 20 US TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 21 US TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 22 US TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 23 CANADA TRANSMISSION FLUIDS MARKET BY TYPE (BILLION), 2020-2029
TABLE 24 CANADA TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 25 CANADA TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 26 CANADA TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 27 CANADA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 28 CANADA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 29 MEXICO TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 30 MEXICO TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 31 MEXICO TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 32 MEXICO TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 33 MEXICO TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 34 MEXICO TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 35 SOUTH AMERICA TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 36 SOUTH AMERICA TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 37 SOUTH AMERICA TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 38 SOUTH AMERICA TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 39 SOUTH AMERICA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 40 SOUTH AMERICA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 41 SOUTH AMERICA TRANSMISSION FLUIDS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 42 SOUTH AMERICA TRANSMISSION FLUIDS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 43 BRAZIL TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 44 BRAZIL TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 45 BRAZIL TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 46 BRAZIL TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 47 BRAZIL TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 48 BRAZIL TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 49 ARGENTINA TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 50 ARGENTINA TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 51 ARGENTINA TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 52 ARGENTINA TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 53 ARGENTINA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 54 ARGENTINA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 55 COLOMBIA TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 56 COLOMBIA TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 57 COLOMBIA TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 58 COLOMBIA TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 59 COLOMBIA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 60 COLOMBIA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 61 REST OF SOUTH AMERICA TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 62 REST OF SOUTH AMERICA TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 63 REST OF SOUTH AMERICA TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 64 REST OF SOUTH AMERICA TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 65 REST OF SOUTH AMERICA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 66 REST OF SOUTH AMERICA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 67 ASIA-PACIFIC TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 68 ASIA-PACIFIC TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 69 ASIA-PACIFIC TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 70 ASIA-PACIFIC TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 71 ASIA-PACIFIC TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 72 ASIA-PACIFIC TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 73 ASIA-PACIFIC TRANSMISSION FLUIDS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 74 ASIA-PACIFIC TRANSMISSION FLUIDS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 75 INDIA TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 76 INDIA TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 77 INDIA TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 78 INDIA TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 79 INDIA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 80 INDIA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 81 CHINA TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 82 CHINA TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 83 CHINA TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 84 CHINA TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 85 CHINA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 86 CHINA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 87 JAPAN TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 88 JAPAN TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 89 JAPAN TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 90 JAPAN TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 91 JAPAN TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 92 JAPAN TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 93 SOUTH KOREA TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 94 SOUTH KOREA TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 95 SOUTH KOREA TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 96 SOUTH KOREA TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 97 SOUTH KOREA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 98 SOUTH KOREA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 99 AUSTRALIA TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 100 AUSTRALIA TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 101 AUSTRALIA TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 102 AUSTRALIA TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 103 AUSTRALIA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 104 AUSTRALIA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 105 SOUTH EAST ASIA TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 106 SOUTH EAST ASIA TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 107 SOUTH EAST ASIA TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 108 SOUTH EAST ASIA TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 109 SOUTH EAST ASIA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 110 SOUTH EAST ASIA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 111 REST OF ASIA PACIFIC TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 112 REST OF ASIA PACIFIC TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 113 REST OF ASIA PACIFIC TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 114 REST OF ASIA PACIFIC TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 115 REST OF ASIA PACIFIC TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 116 REST OF ASIA PACIFIC TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 117 EUROPE TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 118 EUROPE TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 119 EUROPE TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 120 EUROPE TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 121 EUROPE TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 122 EUROPE TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 123 EUROPE TRANSMISSION FLUIDS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 124 EUROPE TRANSMISSION FLUIDS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 125 GERMANY TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 126 GERMANY TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 127 GERMANY TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 128 GERMANY TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 129 GERMANY TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 130 GERMANY TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 131 UK TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 132 UK TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 133 UK TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 134 UK TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 135 UK TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 136 UK TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 137 FRANCE TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 138 FRANCE TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 139 FRANCE TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 140 FRANCE TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 141 FRANCE TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 142 FRANCE TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 143 ITALY TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 144 ITALY TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 145 ITALY TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 146 ITALY TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 147 ITALY TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 148 ITALY TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 149 SPAIN TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 150 SPAIN TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 151 SPAIN TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 152 SPAIN TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 153 SPAIN TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 154 SPAIN TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 155 RUSSIA TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 156 RUSSIA TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 157 RUSSIA TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 158 RUSSIA TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 159 RUSSIA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 160 RUSSIA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 161 REST OF EUROPE TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 162 REST OF EUROPE TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 163 REST OF EUROPE TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 164 REST OF EUROPE TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 165 REST OF EUROPE TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 166 REST OF EUROPE TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 167 MIDDLE EAST AND AFRICA TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 168 MIDDLE EAST AND AFRICA TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 169 MIDDLE EAST AND AFRICA TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 170 MIDDLE EAST AND AFRICA TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 171 MIDDLE EAST AND AFRICA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 172 MIDDLE EAST AND AFRICA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 173 MIDDLE EAST AND AFRICA TRANSMISSION FLUIDS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 174 MIDDLE EAST AND AFRICA TRANSMISSION FLUIDS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 175 UAE TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 176 UAE TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 177 UAE TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 178 UAE TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 179 UAE TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 180 UAE TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 181 SAUDI ARABIA TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 182 SAUDI ARABIA TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 183 SAUDI ARABIA TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 184 SAUDI ARABIA TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 185 SAUDI ARABIA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 186 SAUDI ARABIA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 187 SOUTH AFRICA TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 188 SOUTH AFRICA TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 189 SOUTH AFRICA TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 190 SOUTH AFRICA TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 191 SOUTH AFRICA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 192 SOUTH AFRICA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (KILOTONS), 2020-2029
TABLE 193 REST OF MIDDLE EAST AND AFRICA TRANSMISSION FLUIDS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 194 REST OF MIDDLE EAST AND AFRICA TRANSMISSION FLUIDS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 195 REST OF MIDDLE EAST AND AFRICA TRANSMISSION FLUIDS MARKET BY BASE OIL (USD BILLION), 2020-2029
TABLE 196 REST OF MIDDLE EAST AND AFRICA TRANSMISSION FLUIDS MARKET BY BASE OIL (KILOTONS), 2020-2029
TABLE 197 REST OF MIDDLE EAST AND AFRICA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029
TABLE 198 REST OF MIDDLE EAST AND AFRICA TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY (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 TRANSMISSION FLUIDS MARKET BY TYPE, USD BILLION, 2020-2029
FIGURE 9 GLOBAL TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY, USD BILLION, 2020-2029
FIGURE 10 GLOBAL TRANSMISSION FLUIDS MARKET BY BASE OIL, USD BILLION, 2020-2029
FIGURE 11 GLOBAL TRANSMISSION FLUIDS MARKET BY REGION, USD BILLION, 2020-2029
FIGURE 12 GLOBAL TRANSMISSION FLUIDS MARKET BY TYPE, USD BILLION, 2021
FIGURE 13 GLOBAL TRANSMISSION FLUIDS MARKET BY END USER INDUSTRY, USD BILLION, 2021
FIGURE 14 GLOBAL TRANSMISSION FLUIDS MARKET BY BASE OIL, USD BILLION, 2021
FIGURE 15 GLOBAL TRANSMISSION FLUIDS MARKET BY REGION, USD BILLION, 2021
FIGURE 16 PORTER’S FIVE FORCES MODEL
FIGURE 17 MARKET SHARE ANALYSIS
FIGURE 18 AMALIE OIL CO.: COMPANY SNAPSHOT
FIGURE 19 AMERICAN HITECH PETROLEUM & CHEMICALS INC.: COMPANY SNAPSHOT
FIGURE 20 BASF SE: COMPANY SNAPSHOT
FIGURE 21 BP PLC: COMPANY SNAPSHOT
FIGURE 22 CHEVRON CORPORATION: COMPANY SNAPSHOT
FIGURE 23 CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY SNAPSHOT
FIGURE 24 CRP INDUSTRIES INC.: COMPANY SNAPSHOT
FIGURE 25 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT
FIGURE 26 FORD MOTOR COMPANY: COMPANY SNAPSHOT
FIGURE 27 GULF OIL LUBRICANTS INDIA LTD: COMPANY SNAPSHOT
FIGURE 28 KEMIPEX: COMPANY SNAPSHOT
FIGURE 29 PETROCANADA LUBRICANTS INC.: COMPANY SNAPSHOT
FIGURE 30 ROYAL DUTCH SHELL PLC: COMPANY SNAPSHOT
FAQ
The transmission fluids market is expected to grow at 4.0% CAGR from 2022 to 2029. It is expected to reach above USD 13.82 Billion by 2029 from USD 10.1 Billion in 2020.
Asia Pacific held more than 53.9% of the transmission fluids market revenue share in 2021 and will witness expansion in the forecast period.
The market for transmission fluids may rise in the near future due to a number of factors, including The need for fuel-efficient and high-performance vehicles is growing as a result of rising consumer awareness of low emission, environmentally friendly, and zero carbon emission vehicles. Innovative fluids are also being produced in accordance with the vehicle manufacturing units to meet this demand.
With a share of 54.2% in 2021, manual transmission fluids types dominated the market in terms of volume. MTF focuses on the manual transmission car sector for its applications. While improving fuel efficiency and reducing the noise produced by manual transmission automobiles are the main concerns, product innovation in this market is ongoing. Over the foreseeable period, product demand is anticipated to be supported by technological developments and innovations in motor upgrade. Due to the rising demand for vehicles with manual transmissions, MTF has seen tremendous growth in places like Europe.
53.9% of the total volume was produced in Asia Pacific, which dominated the market in 2021. Construction, automotive, and mining are just a few of the quickly growing industries that are located in the area and offer huge opportunity for transmission fluids producers. In the coming years, it is anticipated that rising construction investment due to the requirement for sustainable infrastructure would drive overall product demand. The use of off-road vehicles is also anticipated to develop significantly throughout the Asia Pacific, along with the need for the appropriate transmission fluids to power the vehicles, all of which will result in an increase in product consumption in the region. Due to their smooth, unrestricted transmission enabling qualities, MTFs and ATFs are anticipated to be largely utilised by heavy-duty vehicles. Due to significant expenditures made by Southeast Asian countries, the Asia Pacific area is the one with the fastest increasing infrastructure internationally. Automobile sales are also predicted to be boosted by rising per capita wealth in nations like China and India.
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