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Transmission Fluids Market Size, Share & Trends Analysis Report by Product (Manual, Continuously Variable), by Application (Off Road Vehicles, Automotive), by Region, and Segment Forecasts, 2020 - 2027

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  • September 2020
  • Region: Global
  • Grand View Research
  • ID: 5165381
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Transmission Fluids Market Growth & Trends

The global transmission fluids market size is expected to reach USD 13.6 billion by 2027 registering a CAGR of 3.8%. High demand for the product from off-road vehicles used for construction purposes across the Asia Pacific and Central America is driving the market globally.

Other key drivers include the rising demand from the automotive sectors of emerging economies, advancement in technology, increased industrial activities, and the use of eco-friendly fluids in the automotive and allied sectors. The demand for technologically advanced and cost-effective operations in the automotive, construction, mining, and agriculture sectors is expected to boost market growth.

The Asia Pacific and North America, together, are expected to be the major markets globally. In terms of revenue and volume, MTFs are the most formulated products in the existing market on account of the diverse range of applications across an array of vehicular segments. Moreover, these fluids need to be constantly upgraded to suit the vehicle type. Right from the off-road automotive market to passenger vehicle and commercial vehicle segments, every type of vehicle requires various transmission fluids based on the kind of engine delivery system and working pattern of the transmission.

However, fluctuations in crude oil prices had a high impact on the market between 2017 and 2019. Production of oil in West Texas increased by 2 million b/d in 2019. Many shale gas exploration companies have become efficient in oil extraction and have devised new ways to keep wells open instead of capping them. At the same time, oil-producing companies in the Middle East are producing oil in large quantities due to the low prices of feedstock to maintain their market share. These factors might project slight restraining order for the industry in the coming years.

Transmission Fluids Market Report Highlights
  • The off-road vehicle application segment is expected to witness the fastest CAGR of 4.7% from 2020 to 2027 due to increasing demand for MTFs in vehicle production across emerging economies of the Middle East, Central America, and the Asia Pacific
  • Continuously variable fluid products are expected to register the fastest growth rate from 2020 to 2027 owing to their unique anti-wear additives and stable viscosity enhancers that prevent oil film breakdown
  • Asia Pacific is projected to reflect the fastest CAGR from 2020 to 2027 due to the growing agricultural sector demanding various agricultural equipment coupled with rapid infrastructural development projects across China, Japan, and India
  • Extensive research activities undertaken by major companies have led to the availability of a highly competitive product range across the global market


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Table of Contents

Chapter 1 Methodology & Scope
1.1 Market segmentation & scope
1.2 Market definitions
1.3 Information procurement
1.3.1 Information analysis
1.3.2 Market formulation & data visualization
1.3.3 Data validation & publishing
1.4 Research scope and assumptions
1.4.1 List to data sources
Chapter 2 Executive Summary
2.1 Market outlook
Chapter 3 Transmission Fluids Market: Market Variables & Trends Analysis
3.1 Market segmentation
3.2 Penetration & growth prospect mapping
3.3 Industry value chain analysis
3.4 Regulatory framework
3.4.1 Key International regulations and impact analysis
3.5 Market Dynamics
3.5.1 Market driver analysis
3.5.1.1 Upgrades to super shifts synthetic racing transmission fluids
3.5.1.2 Steadily growing number of vehicles on Road
3.5.2 Market restraint analysis
3.5.2.1 Volatility in crude oil prices
3.6 Key opportunities prioritized
3.6.1 New market avenues
3.7 Business environment analysis
3.7.1 Porter’s Analysis
3.7.2 PESTEL Analysis
Chapter 4 Transmission Fluids Market: Product Estimates & Trend Analysis
4.1 Product market introduction
4.2 Trnamission fludis market estimates & forecasts, by product
4.2.1 Manual transmission fluids
4.2.1.1 Market Estimates & Forecasts, 2016 - 2027 (Kilotons) (USD Million)
4.2.2 Automatic transmission fluids
4.2.2.1 Market Estimates & Forecasts, 2016 - 2027 (Kilotons) (USD Million)
4.2.3 Dual clutch transmission fluids
4.2.3.1 Market Estimates & Forecasts, 2016 - 2027 (Kilotons) (USD Million)
4.2.4 Continuously variable transmission fluids
4.2.4.1 Market Estimates & Forecasts, 2016 - 2027 (Kilotons) (USD Million)
Chapter 5 Trnamission Fluids Market: Application Estimates & Trend Analysis
5.1 Application market introduction
5.2 Transmission fluids market estimates & forecasts, by application
5.2.1 Automotive
5.2.1.1 Market Estimates & Forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.2.2 Off-road vehicles
5.2.2.1 Market Estimates & Forecasts, 2016 - 2027 (Kilotons) (USD Million)
Chapter 6 Transmission Fluids Market: Regional Estimates & Trend Analysis
6.1 Regional market snapshot
6.2 Regional market introduction
6.2.1 North America
6.2.1.1 Market volume & revenue, by product, 2016 - 2027
6.2.1.2 Market volume & revenue, by application, 2016 - 2027
6.2.1.3 The U.S.
6.2.1.3.1 Market volume & revenue, by product, 2016 - 2027
6.2.1.3.2 Market volume & revenue, by application, 2016 - 2027
6.2.1.4 Canada
6.2.1.4.1 Market volume & revenue, by product, 2016 - 2027
6.2.1.4.2 Market volume & revenue, by application, 2016 - 2027
6.2.1.5 Mexico
6.2.1.5.1 Market volume & revenue, by product, 2016 - 2027
6.2.1.5.2 Market volume & revenue, by application, 2016 - 2027
6.2.2 Europe
6.2.2.1 Market volume & revenue, by product, 2016 - 2027
6.2.2.2 Market volume & revenue, by application, 2016 - 2027
6.2.2.3 Germany
6.2.2.3.1 Market volume & revenue, by product, 2016 - 2027
6.2.2.3.2 Market volume & revenue, by application, 2016 - 2027
6.2.2.4 The U.K.
6.2.2.4.1 Market volume & revenue, by product, 2016 - 2027
6.2.2.4.2 Market volume & revenue, by application, 2016 - 2027
6.2.2.5 France
6.2.2.5.1 Market volume & revenue, by product, 2016 - 2027
6.2.2.5.2 Market volume & revenue, by application, 2016 - 2027
6.2.3 Asia Pacific
6.2.3.1 Market volume & revenue, by product, 2016 - 2027
6.2.3.2 Market volume & revenue, by application, 2016 - 2027
6.2.3.3 China
6.2.3.3.1 Market volume & revenue, by product, 2016 - 2027
6.2.3.3.2 Market volume & revenue, by application, 2016 - 2027
6.2.3.4 India
6.2.3.4.1 Market volume & revenue, by product, 2016 - 2027
6.2.3.4.2 Market volume & revenue, by application, 2016 - 2027
6.2.3.5 Japan
6.2.3.5.1 Market volume & revenue, by product, 2016 - 2027
6.2.3.5.2 Market volume & revenue, by application, 2016 - 2027
6.2.4 Central & South America
6.2.4.1 Market volume & revenue, by product, 2016 - 2027
6.2.4.2 Market volume & revenue, by application, 2016 - 2027
6.2.4.3 Brazil
6.2.4.3.1 Market volume & revenue, by product, 2016 - 2027
6.2.4.3.2 Market volume & revenue, by application, 2016 - 2027
6.2.4.4 Argentina
6.2.4.4.1 Market volume & revenue, by product, 2016 - 2027
6.2.4.4.2 Market volume & revenue, by application, 2016 - 2027
6.2.5 Middle East & Africa
6.2.5.1 Market volume & revenue, by product, 2016 - 2027
6.2.5.2 Market volume & revenue, by application, 2016 - 2027
6.2.5.3 Saudi Arabia
6.2.5.3.1 Market volume & revenue, by product, 2016 - 2027
6.2.5.3.2 Market volume & revenue, by application, 2016 - 2027
Chapter 7 Competitive Analysis
7.1 Market share analysis, 2019
7.2 Vendor landscape
7.3 Strategic framework
Chapter 8 Company Profiles
8.1 BASF SE
8.1.1 Company introduction
8.1.2 General information
8.1.3 Financial performance
8.1.4 Product portfolio
8.1.5 Key developments
8.2 Chevron Corporation
8.2.1 Company introduction
8.2.2 General information
8.2.3 Financial performance
8.2.4 Product portfolio
8.2.5 Key developments
8.3 ExxonMobil Corporation
8.3.1 Company introduction
8.3.2 General information
8.3.3 Product portfolio
8.3.4 Key developments
8.4 Royal Dutch Shell
8.4.1 Company introduction
8.4.2 General information
8.4.3 Financial performance
8.4.4 Product portfolio
8.4.5 Key developments
8.5 Total S.A.
8.5.1 Company introduction
8.5.2 General information
8.5.3 Financial performance
8.5.4 Product portfolio
8.6 British Petroleum P.L.C.
8.6.1 Company introduction
8.6.2 General information
8.6.3 Financial performance
8.6.4 Product portfolio
8.6.5 Key developments
8.7 Fuchs Group
8.7.1 Company introduction
8.7.2 General information
8.7.3 Product portfolio
8.7.4 Key developments
8.8 Lubrizol Corporation
8.8.1 Company introduction
8.8.2 General information
8.8.3 Product portfolio
8.9 LukOIil Corporation
8.9.1 Company introduction
8.9.2 General information
8.9.3 Product portfolio
8.10 Petronas
8.10.1 Company introduction
8.10.2 General information
8.10.3 Product portfolio
8.11 Amsoil, Inc.
8.11.1 Company introduction
8.11.2 General information
8.11.3 Product portfolio
8.12 Pennzoil
8.12.1 Company introduction
8.12.2 General information
8.12.3 Product portfolio
8.13 Valvoline Inc.
8.13.1 Company introduction
8.13.2 General information
8.13.3 Product portfolio
8.14 PetroChina Company Limited
8.14.1 Company introduction
8.14.2 General information
8.14.3 Product portfolio
8.14.4 Key developments
List of Tables
Table 1 Automatic transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 2 Manual transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 3 Dual clutch transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 4 Continuously variable transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 5 Transmission fluids market volume & revenue, in automotive, 2016 - 2027 (Kilotons) (USD Million)
Table 6 Transmission fluids market volume & revenue, in off-road vehicles, 2016 - 2027 (Kilotons) (USD Million)
Table 7 North America transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 8 North America transmission fluids market volume, by product, 2016 - 2027 (Kilotons)
Table 9 North America transmission fluids market revenue, by product, 2016 - 2027 (USD Million)
Table 10 North America transmission fluids market volume, by application, 2016 - 2027 (Kilotons)
Table 11 North America transmission fluids market revenue, by application, 2016 - 2027 (USD Million)
Table 12 The U.S. transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 13 The U.S. transmission fluids market volume, by product, 2016 - 2027 (Kilotons)
Table 14 The U.S. transmission fluids market revenue, by product, 2016 - 2027 (USD Million)
Table 15 The U.S. transmission fluids market volume, by application, 2016 - 2027 (Kilotons)
Table 16 The U.S. transmission fluids market revenue, by application, 2016 - 2027 (USD Million)
Table 17 Canada transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 18 Canada transmission fluids market volume, by product, 2016 - 2027 (Kilotons)
Table 19 Canada transmission fluids market revenue, by product, 2016 - 2027 (USD Million)
Table 20 Canada transmission fluids market volume, by application, 2016 - 2027 (Kilotons)
Table 21 Canada transmission fluids market revenue, by application, 2016 - 2027 (USD Million)
Table 22 Mexico transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 23 Mexico transmission fluids market volume, by product, 2016 - 2027 (Kilotons)
Table 24 Mexico transmission fluids market revenue, by product, 2016 - 2027 (USD Million)
Table 25 Mexico transmission fluids market volume, by application, 2016 - 2027 (Kilotons)
Table 26 Mexico transmission fluids market revenue, by application, 2016 - 2027 (USD Million)
Table 27 Europe transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 28 Europe transmission fluids market volume, by product, 2016 - 2027 (Kilotons)
Table 29 Europe transmission fluids market revenue, by product, 2016 - 2027 (USD Million)
Table 30 Europe transmission fluids market volume, by application, 2016 - 2027 (Kilotons)
Table 31 Europe transmission fluids market revenue, by application, 2016 - 2027 (USD Million)
Table 32 Germany transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 33 Germany transmission fluids market volume, by product, 2016 - 2027 (Kilotons)
Table 34 Germany transmission fluids market revenue, by product, 2016 - 2027 (USD Million)
Table 35 Germany transmission fluids market volume, by application, 2016 - 2027 (Kilotons)
Table 36 Germany transmission fluids market revenue, by application, 2016 - 2027 (USD Million)
Table 37 France transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 38 France transmission fluids market volume, by product, 2016 - 2027 (Kilotons)
Table 39 France transmission fluids market revenue, by product, 2016 - 2027 (USD Million)
Table 40 France transmission fluids market volume, by application, 2016 - 2027 (Kilotons)
Table 41 France transmission fluids market revenue, by application, 2016 - 2027 (USD Million)
Table 42 The U.K. transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 43 The U.K. transmission fluids market volume, by product, 2016 - 2027 (Kilotons)
Table 44 The U.K. transmission fluids market revenue, by product, 2016 - 2027 (USD Million)
Table 45 The U.K. transmission fluids market volume, by application, 2016 - 2027 (Kilotons)
Table 46 The U.K. transmission fluids market revenue, by application, 2016 - 2027 (USD Million)
Table 47 Asia Pacific transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 48 Asia Pacific transmission fluids market volume, by product, 2016 - 2027 (Kilotons)
Table 49 Asia Pacific transmission fluids market revenue, by product, 2016 - 2027 (USD Million)
Table 50 Asia Pacific transmission fluids market volume, by application, 2016 - 2027 (Kilotons)
Table 51 Asia Pacific transmission fluids market revenue, by application, 2016 - 2027 (USD Million)
Table 52 China transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 53 China transmission fluids market volume, by product, 2016 - 2027 (Kilotons)
Table 54 China transmission fluids market revenue, by product, 2016 - 2027 (USD Million)
Table 55 China transmission fluids market volume, by application, 2016 - 2027 (Kilotons)
Table 56 China transmission fluids market revenue, by application, 2016 - 2027 (USD Million)
Table 57 India transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 58 India transmission fluids market volume, by product, 2016 - 2027 (Kilotons)
Table 59 India transmission fluids market revenue, by product, 2016 - 2027 (USD Million)
Table 60 India transmission fluids market volume, by application, 2016 - 2027 (Kilotons)
Table 61 India transmission fluids market revenue, by application, 2016 - 2027 (USD Million)
Table 62 Japan transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 63 Japan transmission fluids market volume, by product, 2016 - 2027 (Kilotons)
Table 64 Japan transmission fluids market revenue, by product, 2016 - 2027 (USD Million)
Table 65 Japan transmission fluids market volume, by application, 2016 - 2027 (Kilotons)
Table 66 Japan transmission fluids market revenue, by application, 2016 - 2027 (USD Million)
Table 67 Central & South America transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 68 Central & South America transmission fluids market volume, by product, 2016 - 2027 (Kilotons)
Table 69 Central & South America transmission fluids market revenue, by product, 2016 - 2027 (USD Million)
Table 70 Central & South America transmission fluids market volume, by application, 2016 - 2027 (Kilotons)
Table 71 Central & South America transmission fluids market revenue, by application, 2016 - 2027 (USD Million)
Table 72 Brazil transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 73 Brazil transmission fluids market volume, by product, 2016 - 2027 (Kilotons)
Table 74 Brazil transmission fluids market revenue, by product, 2016 - 2027 (USD Million)
Table 75 Brazil transmission fluids market volume, by application, 2016 - 2027 (Kilotons)
Table 76 Brazil transmission fluids market revenue, by application, 2016 - 2027 (USD Million)
Table 77 Argentina transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 78 Argentina transmission fluids market volume, by product, 2016 - 2027 (Kilotons)
Table 79 Argentina transmission fluids market revenue, by product, 2016 - 2027 (USD Million)
Table 80 Argentina transmission fluids market volume, by application, 2016 - 2027 (Kilotons)
Table 81 Argentina transmission fluids market revenue, by application, 2016 - 2027 (USD Million)
Table 82 Middle East & Africa transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 83 Middle East & Africa transmission fluids market volume, by product, 2016 - 2027 (Kilotons)
Table 84 Middle East & Africa transmission fluids market revenue, by product, 2016 - 2027 (USD Million)
Table 85 Middle East & Africa transmission fluids market volume, by application, 2016 - 2027 (Kilotons)
Table 86 Middle East & Africa transmission fluids market revenue, by application, 2016 - 2027 (USD Million)
Table 87 Saudi Arabia transmission fluids market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 88 Saudi Arabia transmission fluids market volume, by product, 2016 - 2027 (Kilotons)
Table 89 Saudi Arabia transmission fluids market revenue, by product, 2016 - 2027 (USD Million)
Table 90 Saudi Arabia transmission fluids market volume, by application, 2016 - 2027 (Kilotons)
Table 91 Saudi Arabia transmission fluids market revenue, by application, 2016 - 2027 (USD Million)
Table 92 Vendor landscape
List of Figures
Figure 1 Transmission fluids market segmentation
Figure 2 Information procurement
Figure 3 Data analysis models
Figure 4 Market formulation and validation
Figure 5 Data validating & publishing
Figure 6 Market snapshot
Figure 7 Transmission fluids market volume & revenue, 2016 - 2027
Figure 8 Transmission fluids market value chain analysis
Figure 9 Transmission fluids market Dynamics
Figure 10 Market driver impact analysis, 2016 - 2027
Figure 11 Worldwide number of vehicles in use, 2005 - 2015 (Thousand Units)
Figure 12 Total vehicle production statistics by key countries, 2018 &2019 (Thousand units)
Figure 13 World automotive production, 2012 - 2019 (Thousand Units)
Figure 14 Market restraint impact analysis, 2016 - 2027
Figure 15 Global crude oil prices, Jan 2012 - Jan 2020 (USD/Barrel)
Figure 16 Crude oil prices in 2018, per month (USD/Barrel)
Figure 17 Crude oil prices from November 2013 - November 2018 (USD/Barrel)
Figure 18 Transmission fluids key opportunities prioritized
Figure 19 Transmission fluids Porter’s Analysis
Figure 20 Transmission fluids PESTLE Analysis
Figure 21 Transmission fluids market revenue, by product, 2019 & 2027 (USD Million)
Figure 22 Transmission fluids market revenue, by application, 2019 & 2027 (USD Million)
Figure 23 Transmission fluids market revenue, by region, 2019 & 2027 (USD Million)
Figure 24 Company market share, 2019
Figure 25 Transmission fluids market strategies

Companies Mentioned

  • BASF SE
  • Chevron Corporation
  • ExxonMobil Corporation
  • Royal Dutch Shell
  • Total S.A.
  • British Petroleum P.L.C.
  • Fuchs Group
  • Lubrizol Corporation
  • LukOIil Corporation
  • Petronas
  • Amsoil, Inc.
  • Pennzoil
  • Valvoline Inc.
  • PetroChina Company Limited

Methodology

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