Global Transmission Fluids Market to Reach USD 10.9 Billion by 2033, Impelled by Rising Production of Automobiles

January 03, 2025 | Automotive Industry

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According to the latest report by IMARC Group, titled "Transmission Fluids Market Report by Type (Automatic Transmission Fluid, Manual Transmission Fluid, and Others), Base Oil (Mineral Oil, Synthetic Oil, Semi-synthetic Oil), Application (Passenger and Commercial Vehicles, Off-Road Vehicles), and Region 2025-2033," the global transmission fluids market reached a value of USD 8.4 Billion in 2024. Transmission fluids refer to lubricants that are generally extracted from crude oils, which are utilized for lubricating vehicle’s components for delivering optimum performance. They are generally resistant to extreme pressure conditions and act as a hydraulic fluid to produce fictional properties that safeguard the automobile and its metal surfaces and gaskets from heat while facilitating smooth and consistent shifts. In comparison to traditional lubricants, these fluids exhibit superior viscosity index and oxidation and corrosion-resistant properties. The demand for transmission fluid is increasing across the globe due to the easy product availability via online and offline organized retail channels.

Global Transmission Fluids Market Trends:

The global market is primarily driven by the rising demand across the automotive industry. This is supported by the changing consumer preferences and the increasing demand for improved vehicle performance and reliability. Along with this, the growing manufacturing and selling of automobiles is significantly supporting the product demand. Moreover, the widespread adoption of advanced machinery across the industrial sector on account of rapid industrialization is providing a boost to the market growth. In line with this, the rising infrastructural development projects, including urban rail, waterways and highways, across the developing economies are creating a positive market outlook. Besides this, an enhanced focus on sustainable development among the masses and the implementation of stringent rules by the governments of numerous countries have led to the launch of bio-based transmission fluids, which is acting as a major growth-inducing factor. Other factors, including the escalating adoption of off-road vehicles and extensive research and development (R&D) activities conducted by key players, are also favorably impacting the market. On account of the aforementioned factors, the market is anticipated to reach a value of USD 10.9 Billion by 2033, exhibiting a CAGR of 2.77% during 2025-2033.

Market Summary:

On the basis of the type, the market has been segmented into automatic, manual and other transmission fluids.
Based on the base oil, the market has been classified into mineral, synthetic and semi-synthetic oil.
On the basis of the application, the market has been categorized into passenger and commercial, and off-road vehicles.
Based on the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Amsoil Inc., BASF SE, BP P.L.C., Chevron Corporation, Exxon Mobil Corporation, Fuchs Petrolub SE, Lubrizol Corporation, LukOil, PetroChina Company Limited (China National Petroleum Corporation), Petroliam Nasional Berhad, Royal Dutch Shell Plc and Total SE.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Type, Base Oil, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Amsoil Inc., BASF SE, BP P.L.C., Chevron Corporation, Exxon Mobil Corporation, Fuchs Petrolub SE, Lubrizol Corporation, LukOil, PetroChina Company Limited (China National Petroleum Corporation), Petroliam Nasional Berhad, Royal Dutch Shell Plc and Total SE
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Transmission Fluids Market to Reach USD 10.9 Billion by 2033, Impelled by Rising Production of Automobiles

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