Market Overview:
The global transmission fluids market exhibited moderate growth during 2015-2020. Transmission fluid refers to a lubricant to facilitate speed and torque conversions from the engine to the wheels for optimum performance. The fluid lubricates the bearings and metallic components in the gearbox of the automobile and prevents them from wear and tear. Some of the commonly used transmission fluids include automatic, manual, specialty and synthetic transmission fluids. In comparison to the traditionally used lubricants, transmission fluids offer superior oxidation, thermal stability, minimal deposit formation, high viscosity index, resistance against rust and corrosion and compatibility with elastomers. As a result, they find extensive applications in passenger cars, construction vehicles and agricultural machinery to deliver optimum on-road performance and provide wear protection to transmission components.
The growing automotive industry across the globe represents one of the key factors creating a positive outlook on the market. Furthermore, shifting consumer preferences, along with the increasing demand for improved vehicle performance and reliability, is also driving the market growth. In line with this, transmission fluids are also used in off-road vehicles for improved valve operation, brake band friction and torque conversion. Additionally, various product innovations, such as the development of environment-friendly transmission fluids fortified with anti-wear additives and stable viscosity enhancers, are acting as other growth-inducing factors. These additives prevent oil film breakdown, provide a seamless gear shift mechanism and optimize the fuel economy of the vehicle. Other factors, including the rising expenditure capacities of the consumers, along with the utilization of transmission fluids as coolants in automobiles with automatic transmission, are anticipated to drive the market further. Looking forward, IMARC Group expects the global transmission fluids market to grow at a CAGR of around 4% during the next five years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global transmission fluids market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, base oil and application.
Breakup by Type:
- Automatic Transmission Fluid
- Manual Transmission Fluid
- Others
Breakup by Base Oil:
- Mineral oil
- Synthetic oil
- Semi-synthetic oil
Breakup by Application:
- Passenger and Commercial Vehicles
- Off-Road Vehicles
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Key Questions Answered in This Report:
- How has the global transmission fluids market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global transmission fluids market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the base oil?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global transmission fluids market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Transmission Fluids Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Automatic Transmission Fluid
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Manual Transmission Fluid
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Base Oil
7.1 Mineral oil
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Synthetic oil
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Semi-synthetic oil
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Passenger and Commercial Vehicles
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Off-Road Vehicles
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Amsoil Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 BASF SE
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 BP P.L.C.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Chevron Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Exxon Mobil Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Fuchs Petrolub SE
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Lubrizol Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 LukOil
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 PetroChina Company Limited (China National Petroleum Corporation)
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Petroliam Nasional Berhad
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 SWOT Analysis
14.3.11 Royal Dutch Shell Plc
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.12 Total SE
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Transmission Fluids Market: Major Drivers and Challenges
Figure 2: Global: Transmission Fluids Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Transmission Fluids Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Transmission Fluids Market: Breakup by Type (in %), 2020
Figure 5: Global: Transmission Fluids Market: Breakup by Base Oil (in %), 2020
Figure 6: Global: Transmission Fluids Market: Breakup by Application (in %), 2020
Figure 7: Global: Transmission Fluids Market: Breakup by Region (in %), 2020
Figure 8: Global: Transmission Fluids (Automatic Transmission Fluid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Transmission Fluids (Automatic Transmission Fluid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Transmission Fluids (Manual Transmission Fluid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Transmission Fluids (Manual Transmission Fluid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Transmission Fluids (Other Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Transmission Fluids (Other Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Transmission Fluids (Mineral oil) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Transmission Fluids (Mineral oil) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Transmission Fluids (Synthetic oil) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Transmission Fluids (Synthetic oil) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Transmission Fluids (Semi-synthetic oil) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Transmission Fluids (Semi-synthetic oil) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Transmission Fluids (Passenger and Commercial Vehicles) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Transmission Fluids (Passenger and Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Transmission Fluids (Off-Road Vehicles) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Transmission Fluids (Off-Road Vehicles) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: North America: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: North America: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: United States: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: United States: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Canada: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Canada: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Asia-Pacific: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Asia-Pacific: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: China: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: China: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Japan: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Japan: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: India: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: India: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: South Korea: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: South Korea: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Australia: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Australia: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Indonesia: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Indonesia: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Others: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Others: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Europe: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Europe: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Germany: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Germany: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: France: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: France: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: United Kingdom: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: United Kingdom: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Italy: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Italy: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Spain: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Spain: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Russia: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Russia: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Others: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Others: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Latin America: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Latin America: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Brazil: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Brazil: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Mexico: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Mexico: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Others: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Others: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Middle East and Africa: Transmission Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Middle East and Africa: Transmission Fluids Market: Breakup by Country (in %), 2020
Figure 72: Middle East and Africa: Transmission Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Global: Transmission Fluids Industry: SWOT Analysis
Figure 74: Global: Transmission Fluids Industry: Value Chain Analysis
Figure 75: Global: Transmission Fluids Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Transmission Fluids Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Transmission Fluids Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Transmission Fluids Market Forecast: Breakup by Base Oil (in Million US$), 2021-2026
Table 4: Global: Transmission Fluids Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Transmission Fluids Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Transmission Fluids Market: Competitive Structure
Table 7: Global: Transmission Fluids Market: Key Players