Global Automotive Gear Oil Market, By Product Type (Mineral Gear Oil, Synthetic Gear Oil, Others), Vehicle Type (Off-Road Vehicles, Heavy Commercial Vehicle, Light Commercial Vehicle, Passenger Cars), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automotive Gear Oil Market
Automotive gear oil market size is valued at USD 51.35 million tons by 2028 and is expected to grow at a compound annual growth rate of 1.90% for the forecast period of 2021 to 2028. Data Bridge Market Research report on automotive gear oil market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Automotive gear oil is a type of lubricant used for protection and improved performance of gears. Gear oils include EP stabilizer and anti-wear stabilizer or excessive pressure to deal with sliding action of gears. These gear oils have high thickness level when compared to automotive engine oil and transmission fluid. There are two types of gear oils used in the automotive industry such as petroleum-based or mineral gear oil and synthetic gear oil.
The growing demand for the light motor vehicles, passenger cars and heavy duty commercial motor vehicles has highly influenced growth of the automotive gear oil market. In line with this, the rising demand for additives or lubricants for better performance and protection of engine from heat are also acting as a key determinant favoring the growth of the automotive gear oil market over the forecast period of 2021 to 2028. Also the, increasing demand for commercial vehicles due to rapidly growing industrial sector is also positively impacting the growth of the automotive gear oil market. The major factor accountable for the growth of the market is the development of industrial machinery and automotive sector. Beside this, the rising levels of disposable incomes, developing public transportation infrastructure and growing number of private vehicles are also flourishing the growth of the automotive gear oil market. However, the strict environmental regulations may act as key restraint towards automotive gear oil market growth rate in the forecast period of 2021 to 2028, whereas the technological advancements have the potential to challenge the growth of the automotive gear oil market. Furthermore, the increasing amount of mobility and commuting is further estimated to promote the growth of the automotive gear oil market
Besides this, the rapidly increasing transportation industry across the world as well as easy availability of semi-synthetic gear oils will further offer a variety of growth opportunities for the automotive gear oil market in the above mentioned forecast period.
This automotive gear oil market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on automotive gear oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Gear Oil Market Scope and Market Size
Automotive gear oil market is segmented on the basis of product type and vehicle type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the automotive gear oil market is segmented into mineral gear oil, synthetic gear oil and others.
- The vehicle type segment for automotive gear oil market is segmented into off-road vehicles, heavy commercial vehicle, light commercial vehicle and passenger cars.
Automotive gear oil Market Country Level Analysis
Automotive gear oil market is analyzed and market size, volume information is provided by country, product type and vehicle type as referenced above.
The countries covered in the automotive gear oil market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the automotive gear oil market because of the presence of large volume of vehicles in this particular region. Asia-Pacific is expected to expand at significant growth rate over the forecast period of 2021 to 2028 owing the strong presence of the main automotive companies as well as the rising levels of disposable incomes, developing public transportation infrastructure in this region.
The country section of the automotive gear oil market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Gear Oil Market Share Analysis
Automotive gear oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive gear oil market.
The major players covered in the automotive gear oil market report are Lubrication Engineers, FUCHS, BP P.L.C., Total, ZF Friedrichshafen AG, Valvoline LLC, Chevron U.S.A. Inc., Exxon Mobil Corporation, Apar Industries Ltd., LUKOIL Marine Lubricants DMCC, Idemitsu Kosan, Phillips 66 Company, Peak Lubricants Pty Ltd, Carl Bechem Lubricants India Private Limited, Calumet Branded Products, LLC, Saudi Arabian Oil Co., Penrite Oil, The Lubrizol Corporation, HP Lubricants and China Petroleum & Chemical Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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