Global
automotive
transmission fluid market is expected to witness rapid growth in the
years to come owing to the developing automotive sector in emerging regions;
which has resulted in high use of lubricants. Transmission fluid is essentially
used to lubricate a car’s components to offer optimum performance. It cleans
& guard wear and tear of metal surfaces, improves the cooling, and decreases
operation of high temperatures and enhances temperature range and rotational
speed. Owing to these benefits and attractions of newer technologies in the
automotive segment, automotive transmission fluid market is expected to grow at
a CAGR of 4.30%.
The
factors that drive this market include rising attraction and adoption of
transmission at the global scale; which has resulted in better consumer
experience, growing use of automotive transmission fluid, environment-friendly
ATF, and rise in number of zero-carbon emission vehicles. However, low
awareness among the emerging economies is expected to hamper the market growth.
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Rising
attraction toward the advantages offered by technologically improved products
is expected to bring opportunities to the automotive transmission fluid market.
Moreover, rise in demand for heavy-duty vehicles that are used for building and
agriculture activities are the trends observed in automotive transmission fluid
market.
The
market is categorized on the basis of product types, classification,
application, and geography. On the basis of product types, market is divided
into manual transmission fluid, continuously variable transmission fluid,
automatic transmission fluid, dual clutch transmission fluid, and others. The
market is expected to grow at a faster rate since they offer better comfort and
are increasingly adopted by manufacturers.
Based
on classification, market is divided into mineral oil, synthetic oil and
others. Synthetic oil segment is gaining attraction by manufacturers and are
being highly adopted. Based on application, market is bifurcated into
automotive (commercial and passenger vehicle) and off-road vehicles
(construction, mining, agriculture). Automotive segment leads automotive
transmission fluid market due to increase in demand for passenger vehicles from
emerging as well as developed economies.
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Market Segment:
This report focuses on the top
manufacturers' Automotive Transmission Fluid capacity, production, value, price
and market share of Automotive Transmission Fluid in global market. The
following manufacturers are covered in this report:
•
BP
•
Chevron
•
Exxon Mobil
•
Shell
•
Valvoline
Automotive Transmission Fluid Breakdown
Data by Type
•
Automatic Transmission Oil
•
Manual Transmission Oil
Automotive Transmission Fluid Breakdown
Data by Application
•
Passenger Car
•
Commercial Vehicle
Automotive Transmission Fluid Production
Breakdown Data by Region
•
United States
•
Europe
•
China
•
Japan
•
Other Regions
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