Transmission Fluid Market Report: Trends, Forecast and Competitive Analysis to 2030

Transmission Fluid Trends and Forecast

The future of the global transmission fluid market looks promising with opportunities in the automotive vehicle and off-road vehicle markets. The global transmission fluid market is expected to reach an estimated $10.0 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are increasing demand for passenger and commercial vehicles, rising adoption of automatic transmissions, and growing consumer demand for cutting-edge automobiles with distinctive drivetrains that provide excellent fuel efficiency and driving comfort.

A more than 150-page report is developed to help in your business decisions.

Transmission Fluid by Segment

The study includes a forecast for the global transmission fluid by type, base oil, end use, and region.

Transmission Fluid Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Automatic
• Manual

Transmission Fluid Market by Base Oil [Shipment Analysis by Value from 2018 to 2030]:

• Synthetic
• Semi Synthetic
• Mineral

Transmission Fluid Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Automotive Vehicle
• Off-Road Vehicle

Transmission Fluid Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Transmission Fluid Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies transmission fluid companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the transmission fluid companies profiled in this report include-

• BASF
• Chevron
• Exxon Mobil
• Royal Dutch Shell
• LUKOIL
• Petroliam Nasional Berhad
• The Lubrizol Corporation
• FUCHS
• Amsoil
• Pennzoil

Transmission Fluid Market Insights

Lucintel forecasts that automatic will remain the larger segment over the forecast period because the automotive transmission fluids are available in a wide range of types and specifications to cater to the needs of various vehicle types and transmission designs.

APAC will remain the largest region over the forecast period because of shift in the production landscape in favor of rising nations, especially India and China, as well as, rising building costs as a result of the requirement for sustainable infrastructure in the region.

Features of the Global Transmission Fluid Market

Market Size Estimates: Transmission fluid market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Transmission fluid market size by type, base oil, end use, and region in terms of value ($B).

Regional Analysis: Transmission fluid market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, base oil, end use, and regions for the transmission fluid market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the transmission fluid market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the transmission fluid market size?

Answer: The global transmission fluid market is expected to reach an estimated $10.0 billion by 2030.

Q2. What is the growth forecast for transmission fluid market?

Answer: The global transmission fluid market is expected to grow with a CAGR of 3.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the transmission fluid market?

Answer: The major drivers for this market are increasing demand for passenger and commercial vehicles, rising adoption of automatic transmissions, and growing consumer demand for cutting-edge automobiles with distinctive drivetrains that provide excellent fuel efficiency and driving comfort.

Q4. What are the major segments for transmission fluid market?

Answer: The future of the global transmission fluid market looks promising with opportunities in the automotive vehicle and off-road vehicle markets.

Q5. Who are the key transmission fluid market companies?

Answer: Some of the key transmission fluid companies are as follows.

• BASF
• Chevron
• Exxon Mobil
• Royal Dutch Shell
• LUKOIL
• Petroliam Nasional Berhad
• The Lubrizol Corporation
• FUCHS
• Amsoil
• Pennzoil

Q6. Which transmission fluid market segment will be the largest in future?

Answer: Lucintel forecasts that automatic will remain the larger segment over the forecast period because the automotive transmission fluids are available in a wide range of types and specifications to cater to the needs of various vehicle types and transmission designs.

Q7. In transmission fluid market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period because of shift in the production landscape in favor of rising nations, especially India and China, as well as, rising building costs as a result of the requirement for sustainable infrastructure in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the transmission fluid market by type (automatic and manual), base oil (synthetic, semi synthetic, and mineral), end use (automotive vehicle and off-road vehicle), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?