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Gear Oils - Global Strategic Business Report

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    Report

  • 232 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805055

Global Gear Oils Market to Reach $9.9 Billion by 2030

The global market for Gear Oils estimated at US$8.1 Billion in the year 2022, is projected to reach a revised size of US$9.9 Billion by 2030, growing at a CAGR of 2.5% over the analysis period 2022-2030. Mineral Oil, one of the segments analyzed in the report, is projected to record a 2.6% CAGR and reach US$5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Semi-Synthetic Oil segment is readjusted to a revised 2.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 4.2% CAGR

The Gear Oils market in the U.S. is estimated at US$2.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 4.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.4% and 2.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.3 Billion by the year 2030.

Select Competitors (Total 13 Featured) -

  • ADDINOL Lube Oil GmbH
  • Advanced Lubrication Specialities
  • Amalie Oil Co.
  • Bechem Lubrication Technology, LLC
  • Bel-Ray Company LLC
  • BP PLC
  • Chevron Corporation
  • Croda International PLC
  • Eni SpA
  • Exxon Mobil Corporation
  • Fuchs Petrolub SE
  • Indian Oil Corporation Ltd.
  • Liqui Moly GmbH
  • LUKOIL Lubricants Company
  • Morris Lubricants
  • Peak Lubricants Pty Ltd
  • Penrite Oil
  • PetroChina Company Limited
  • Phillips 66 Company
  • Rock Valley Oil & Chemical Co.
  • Royal Dutch Shell PLC
  • Sinopec Yangzi Petrochemical Co., Ltd.
  • Total SA


What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Gear Oils - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Gear Oils - Market Overview
3. MARKET TRENDS & DRIVERS
  • Technology Trends - Lubricants
  • Industrial Gear Oils - Select Trends
  • Wind Turbine Gear Oils - Latest Trends
  • Oil Leak - Key Issues
  • Petroleum Standards
  • Motor Oil - Latest Technology Advances
  • Automotive Gears and Transmission Fluid - An Overview
  • Industrial Gear Oils
  • Common Lubrication Problems of Gearbox
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Gear Oils by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Gear Oils by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Gear Oils by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Mineral Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Mineral Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Mineral Oil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Semi-Synthetic Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Semi-Synthetic Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Semi-Synthetic Oil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Synthetic Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Synthetic Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Synthetic Oil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Bio-Based Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Bio-Based Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Bio-Based Oil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Gear Oils Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 17: World Recent Past, Current & Future Analysis for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 18: World Historic Review for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 19: World 16-Year Perspective for Transportation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 21: World Historic Review for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 22: World 16-Year Perspective for Manufacturing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 24: World Historic Review for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 25: World 16-Year Perspective for Construction by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Mining by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 27: World Historic Review for Mining by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 28: World 16-Year Perspective for Mining by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 30: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 31: World 16-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 32: World Recent Past, Current & Future Analysis for Agriculture by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 33: World Historic Review for Agriculture by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 34: World 16-Year Perspective for Agriculture by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 35: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 36: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 37: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Gear Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Active Players in United States
  • Gearbox Lubricant Selection in the US - Indicators
  • Gear Oil Labeling Requirements in California
CANADA
  • Active Players in Canada
JAPAN
  • Gear Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Active Players in Japan
CHINA
  • Gear Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Active Players in China
EUROPE
  • Gear Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Gear Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Active Players in France
GERMANY
  • Gear Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Active Players in Germany
ITALY
  • Active Players in Italy
UNITED KINGDOM
  • Gear Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Active Players in United Kingdom
SPAIN
  • Active Players in Spain
RUSSIA
  • Active Players in Russia
REST OF EUROPE
  • Active Players in Rest of Europe
ASIA-PACIFIC
  • Gear Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Gear Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • Active Players in Australia
INDIA
  • Gear Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • Active Players in India
SOUTH KOREA
  • Active Players in South Korea
REST OF ASIA-PACIFIC
  • Active Players in Rest of Asia-Pacific
LATIN AMERICA
  • Gear Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINA
  • Active Players in Argentina
BRAZIL
  • Active Players in Brazil
MEXICO
  • Active Players in Mexico
REST OF LATIN AMERICA
  • Active Players in Rest of Latin America
MIDDLE EAST
  • Gear Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRAN
  • Active Players in Iran
ISRAEL
  • Active Players in Israel
SAUDI ARABIA
  • Active Players in Saudi Arabia
UNITED ARAB EMIRATES
  • Active Players in United Arab Emirates
REST OF MIDDLE EAST
  • Active Players in Rest of Middle East
AFRICA
  • Gear Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
  • Active Players in Africa
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ADDINOL Lube Oil GmbH
  • Advanced Lubrication Specialities
  • Amalie Oil Co.
  • Bechem Lubrication Technology, LLC
  • Bel-Ray Company LLC
  • BP PLC
  • Chevron Corporation
  • Croda International PLC
  • Eni SpA
  • Exxon Mobil Corporation
  • Fuchs Petrolub SE
  • Indian Oil Corporation Ltd.
  • Liqui Moly GmbH
  • LUKOIL Lubricants Company
  • Morris Lubricants
  • Peak Lubricants Pty Ltd
  • Penrite Oil
  • PetroChina Company Limited
  • Phillips 66 Company
  • Rock Valley Oil & Chemical Co.
  • Royal Dutch Shell PLC
  • Sinopec Yangzi Petrochemical Co., Ltd.
  • Total SA

Table Information