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Transmission Fluids Market 2017 Trends and Competitive Landscape Outlook -2025

Expanding automotive sector in emerging economies has driven lubricants consumption in several vehicle types. Growing consciousness regarding the advantages of technologically advanced lubricants is expected to boost product demand.

The Global Transmission Fluid Market is expected to reach USD 11.96 billion by 2025, growing at a CAGR of 3.4%, according to a new report by Grand View Research, Inc.


Growing consumer awareness regarding environment-friendly, low emission vehicles is expected to foster growth in the overall industry. Innovative fluids are being produced in line with the manufacturing units of the vehicles to cater to transitioning consumer demands of fuel efficient & high-performance vehicles.

Automotive and construction industries are expected to fuel such specialized lubricants demand. Heavy-duty vehicles are increasingly utilized for farming & building activities, in line with rising population levels across the globe. Growing spending on renovation and infrastructure are also conducive to industry growth. Heavy-duty vehicles are expected to remain the dominant application with over 51% of the volume share in 2016.

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Heavy-duty vehicles such as tractors also require high-performance lubricants that deliver desired output for long-term agricultural activities. These require specialized manual transmission fluids (MTF), which are directly sourced to the gearbox and axles of heavy-duty vehicles.

Top Players of Transmission Fluids Market:

Large companies such as BASF SE, Chevron Corporation, Exxon Mobil Corporation and Royal Dutch Shell with extensive global presence dominate the industry.

Market Segmentation of Transmission Fluids Market:

The Global Transmission Fluid Market segmented on the basis of Product, Application, and Region.

By Product:

    Automatic Transmission Fluid
    Manual Transmission Fluid
    Dual Clutch Transmission Fluid
    Continuously Variable Transmission Fluid

By Application:

    Passenger Vehicle
    Heavy-duty Vehicle

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    Middle East & Africa

Inquire about Transmission Fluids Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4624
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