변속기유 시장 예측(-2030년) - 제품 유형, 기유, 최종사용자 및 지역별 세계 분석

According to Stratistics MRC, the Global Transmission Fluid Market is accounted for $12.65 billion in 2023 and is expected to reach $18.77 billion by 2030 growing at a CAGR of 5.8% during the forecast period. Transmission fluids are the oils used to lubricate a car's transmission parts for maximum performance. To prevent gears and bearings from wearing out, these fluids aid in keeping a lubricating coating in place. To set it apart from other fluids and oils used in automobiles, gearbox fluid is typically coloured a bright red colour. Vehicles utilise gearbox fluid for several purposes, including brake band friction, torque converter function, valve action, and gear lubrication.

Market Dynamics:

Driver:

An increase in the automotive industry's need for transmission fluid

Transmission fluid is a thick, slick liquid that transports power from the motor to the transmission and serves as a coolant and lubrication for all of the moving components inside transmission. In the automotive sector, the gearbox fluid is tailored for the special needs of a gearbox, including gear lubrication, torque converter function, and brake band friction and valve operation. In order to prevent hydraulic pump wear out and the gear from being stuck in neutral, which results in the car becoming immobile, Transmission fluids are strongly advised for motor vehicles. As a result of the aforementioned considerations, the use of transmission fluid in the automotive sector is projected to predominate throughout the forecast period.

Restraint:

Developed countries stable passenger car market negatively impacts transmission fluid demand

The developed nations in this area include the US, Germany, and Japan, and the passenger vehicle market there is mature due to the fact that the majority of people possess at least one automobile each. Therefore, there are no significant variables that drive rising demand for passenger automobiles. As a result, it has an impact on the market for gearbox fluid, developed countries have a disproportionately large number of automobiles, and as a result, the demand for passenger cars in developed countries has remained consistent which in turn effected the transmission fluid utilization thus hindering the market growth.

Opportunity:

Advancement in the transmission series of vehicles

Off-road vehicles, which are used for heavy-duty tasks, have seen a significant amount of innovation as a result of advancements in the gearbox series of vehicles. High-performance ATF and MTF products are required by agricultural utility vehicles like tractors and construction vehicles like earthmovers. The ingredients in contemporary ATFs include petroleum dye, viscosity index improvers, corrosion inhibitors, anti-wear additives, and more. Depending on the requirements of the vehicle, the Dexron and Mercon series of the product are utilised. There are a few aftermarket manufacturers of synthetic ATFs that offer superior performance and extend the lifespan of the vehicles creating wide range of opportunities in the future market growth.

Threat:

Challenges occurring due to electrical characteristics transmission of fluid

For instance, resin deterioration, copper winding corrosion, and chemical assaults on connecting polymers can all result in transmission fluid leaks of electric current or even short circuits. The fluid's electrical characteristics are another issue that has to be addressed. Since the electric motor operates at high voltages, the fluid must ensure its isolation, and anticipate that the volumetric resistivity of upcoming fluids will be a key factor. If the resistivity is too low, there may be a loss of power and/or power outage, which might lead to an engine malfunction. On the other hand, if it is too high, it can cause electrostatic charges to build up and eventually form an electric arc, which can harm or even completely destroy the transmission fluid system.

COVID-19 Impact:

The COVID-19 pandemic epidemic has had a significant negative influence on the global market for gearbox fluids. The COVID-19 pandemic caused economic growth to slow down in practically all major nations, which had an impact on consumer buying habits. The supply-demand imbalance has widened as a result of the lockdown that has been enacted in a number of nations' transportation systems, which has adversely affected both domestic and international supply chains. Thus, inadequate raw material supply is anticipated to hinder the manufacture of gearbox fluids, which would have a detrimental effect on the market's expansion.

The manual transmission fluid (MTF) segment is expected to be the largest during the forecast period:

The manual transmission fluid (MTF) segment is estimated to have a lucrative growth, due to easier to fix than an automated transmission fluid since the latter has more moving components. Transmission fluid degrades more quickly than the lubricants used in manual gearboxes, which are either gear oil or engine oil. The major benefit is frequently cited by drivers as increased control. The gearbox may be used to manually change gears, allowing you to physically manage the vehicle's speed as well as to manually slow it down. One of the main advantages is cost. It is nearly always less expensive to buy a car with a manual gearbox than one with an automatic or continuously variable transmission fluid.

The automotive industry segment is expected to have the highest CAGR during the forecast period:

The automotive industry segment is anticipated to witness the highest CAGR growth during the forecast period, due to the innovative in-vehicle technology regarding drive trains, transmission fluid simplicity, fuel flow to the engine, and other factors, the product is widely employed in the automotive industry. The transmission fluid and engine power of various passenger cars, including those in the sports car, luxury and economy class automobile classes, necessitates the use of lubricants with various compositions. Additionally, as infrastructure throughout the world continues to grow, there is a huge rise in the need for these oils in a variety of vehicles.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to shift in the manufacturing landscape in favour of developing nations, especially China and India. Additionally, the area is home to a number of quickly developing sectors, including mining, automotive, and construction, all of which provide tremendous opportunity for companies that make gearbox fluid. In the upcoming couple of years, it is anticipated that rising construction investment due to the demand for sustainable infrastructure would increase total product demand.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the existence of multiple international automakers, including Chrysler LLC, General Motors, and Ford, the market in North America is highly consolidated. The expansion of the region's automotive industry is the main factor fueling the market for gearbox fluids. Additionally, expenditure on construction in North America is increasing at a stable 3% yearly pace, indicating a promising market trajectory, especially for off-road vehicles employed in construction. Due to the movement in customer preference from manual gearbox automobiles to ATVs, the need for ATF is anticipated to increase in North America. ATVs are easier to drive, have better fuel efficiency, and emit fewer pollutants than standard manual cars.

Key players in the market

Some of the key players profiled in the Transmission Fluid Market include BASF SE, Amalie Oil Co., BP PLC, CRP Industries Inc., Exxon Mobil Corporation, Chevron Corporation, CASTROL LIMITED, Ford Motor Company, Kemipex, Gulf Oil Lubricants India Ltd, Royal Dutch Shell plc, American Hitech Petroleum & Chemicals Inc., China Petroleum & Chemical Corporation, PetroCanada Lubricants Inc., Evonik Industries AG, Petroliam Nasional Berhad and The Lubrizol Corporation

Key Developments:

In June 2023, BASF will expand its global alkyl polyglucosides (APG®s) production capacity with two expansions at its sites in Bangpakong, Thailand, and Cincinnati, Ohio.

In June 2023, ExxonMobil signs carbon capture agreement with Nucor Corporation, reaching 5 MTA milestones, the site produces direct reduced iron (DRI), a raw material used to make high-quality steel products including automobiles, appliances and heavy equipment.

In May 2023, BASF partners with Beauty streams to further expand its D'lite digital service for the personal care industry, by highlighting and translating current trends in personal care, Beauty streams offers valuable insights to stay abreast of the rapidly changing market dynamics.

Product Types Covered:

• Manual Transmission Fluid (MTF)
• Automatic Transmission Fluid (ATF)
• Dual Clutch Transmission Fluid (DCT)
• Continuously Variable Transmission Fluid (CVT)
• Other Product Types

Base Oils Covered:

• Synthetic oil
• Semi-Synthetic oil
• Mineral oil

End Users Covered:

• Construction
• Automotive Industry
• Mining
• Industrial Machinery
• Agriculture
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Transmission Fluid Market, By Product Type

• 5.1 Introduction
• 5.2 Manual Transmission Fluid (MTF)
• 5.3 Transmission Fluid (ATF)
• 5.4 Dual Clutch Transmission Fluid (DCT)
• 5.5 Continuously Variable Transmission Fluid (CVT)
• 5.6 Other Product Types

6 Global Transmission Fluid Market, By Base Oil

• 6.1 Introduction
• 6.2 Synthetic oil
• 6.3 Semi-Synthetic oil
• 6.4 Mineral oil

7 Global Transmission Fluid Market, By End User

• 7.1 Introduction
• 7.2 Construction
• 7.3 Automotive Industry
• 7.4 Mining
• 7.5 Industrial Machinery
• 7.6 Agriculture
• 7.7 Other End Users

8 Global Transmission Fluid Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 BASF SE
• 10.2 Amalie Oil Co.
• 10.3 BP PLC
• 10.4 CRP Industries Inc.
• 10.5 Exxon Mobil Corporation
• 10.6 Chevron Corporation
• 10.7 CASTROL LIMITED
• 10.8 Ford Motor Company
• 10.9 Kemipex
• 10.10 Gulf Oil Lubricants India Ltd
• 10.11 Royal Dutch Shell plc
• 10.12 American Hitech Petroleum & Chemicals Inc.
• 10.13 China Petroleum & Chemical Corporation
• 10.14 PetroCanada Lubricants Inc.
• 10.15 Evonik Industries AG
• 10.16 Petroliam Nasional Berhad
• 10.17 The Lubrizol Corporation