Global Transmission Fluids Market Trends, Applications, Analysis, Growth, and Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global transmission fluids market in its upcoming report titled, “Global Transmission Fluids Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global transmission fluids market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global transmission fluids market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global transmission fluids market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global transmission fluids market report has been segmented on the basis of type, base oil, application, and region.

Transmission fluids are specialized oils used as lubricant for better performance of car’s transmission. Transmission fluid helps to decrease break band friction, proper valve operation, and lubricate the gears. Transmission fluid is basically available in green or red colour to differentiate it from engine oil and other fluids in vehicles.

Increasing innovations in fluid processing technologies and growing utilization of heavy duty vehicles are key factors driving growth of the global transmission fluids market. In addition, growing awareness about benefits of advanced lubricants which minimize vehicle emissions is a major factor expected to boost growth of the global transmission fluids market during the forecast period.

However, saturation of passenger vehicles market is a key factor restraining growth of the global transmission fluids market. Additionally, decreasing consumer spending on new vehicles is another major factor expected to hamper growth of the global transmission fluids market over the forecast period.

Temperature sensors installed in fluid-applied components such as valve or oil pan to monitor temperature and ensure longer machine operational lifespan is expected to provide lucrative growth opportunities for the end products over the forecast period.

Asia Pacific is expected to be the fastest growing market in terms of revenue during the forecast period. This can be attributed to rapid growth of construction and agricultural industries in countries such as India, China, Japan, and South Korea, leading to increase demand for transmission fluids used in the heavy machineries. Moreover, the market in North America is projected to show steady growth in the global transmission fluids market followed by Europe, over the forecast period owing to high number of vehicles in the region.

Market Segmentation:

Global transmission fluids market segmentation by type:

• Automatic transmission fluid
• Manual transmission fluid
• Dual clutch transmission fluid
• Continuously variable transmission fluid

Global transmission fluids market segmentation by base oil:

• Mineral oil
• Synthetic oil
• Semi-synthetic oil

Global transmission fluids market segmentation by application:

• Passenger vehicle
• Heavy-duty vehicle

Global transmission fluids market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Afton Chemical
• BASF SE
• Amsoil Inc.
• BP p.l.c.
• Chevron Corporation
• Exxon Mobil Corporation
• Valvoline LLC
• Total S.A.
• Royal Dutch Shell plc.
• Millers Oils Ltd.