Automotive Gear Oil Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Mineral Gear Oil, Synthetic Gear Oil, Others), By Sales Channel (OEM, Aftermarket), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Region & Competition, 2019-2029F

  • Industry : Automotive
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  • Published Date : NA
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Report Description

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 6.67 Billion

CAGR (2024-2029)

5.16%

Fastest Growing Segment

Synthetic Gear Oil

Largest Market

Asia-Pacific

Market Size (2029)

USD 9.09 Billion





Market Overview

Global Automotive Gear Oil Market was valued at USD 6.67 Billion in 2023 and is expected to reach USD 9.09 Billion by 2029 with a CAGR of 5.16% during the forecast period. The global Automotive Gear Oil Market has experienced steady growth, driven by factors such as rising vehicle production, increased demand for high-performance vehicles, and the need for efficient lubrication in gear systems. Gear oil is vital for ensuring smooth operation, reducing friction, and preventing wear. The growing vehicle production, spurred by population growth, urbanization, and economic development in emerging markets, has led to increased demand for gear oil. Additionally, the demand for high-performance vehicles, like sports cars and luxury models, requires specialized gear oils to handle extreme conditions. The need for effective lubrication to reduce friction, dissipate heat, and protect gears has also contributed to the market's growth, driving the adoption of advanced gear oils for enhanced durability and performance. For instance, in August 2024, Energizer Holding, Inc. and Assurance Intl Limited introduced a new line of STP products, including oils, filters, and batteries. Manufactured in India, the range covers engine oils, transmission oils, and other automotive fluids. The launch also features air and fuel filters, as well as batteries and inverters for various needs. The new lubricants offer advanced additives for better protection, fuel economy, and longer engine life.

Key Market Drivers

Increasing Vehicle Production

The global Automotive Gear Oil Market is driven by the increasing production of vehicles worldwide. As the automotive industry continues to expand, the demand for gear oil rises in parallel. The rising population, urbanization, and improving economic conditions in emerging economies have led to a surge in vehicle ownership, further fueling the demand for gear oil.

Growing Demand for High-Performance Vehicles

The demand for high-performance vehicles, such as sports cars and luxury vehicles, has been on the rise. These vehicles require specialized gear oil formulations to withstand the high speeds, heavy loads, and extreme operating conditions. The need for superior performance, durability, and protection in high-performance vehicles drives the demand for advanced gear oil formulations.

Increasing Focus on Fuel Efficiency

With the growing emphasis on fuel efficiency and reducing carbon emissions, automotive manufacturers are constantly striving to improve the efficiency of their vehicles. Efficient lubrication of automotive gear systems plays a crucial role in reducing friction and improving overall vehicle efficiency. This drives the demand for high-quality gear oils that offer enhanced lubrication properties.

Automotive Gear Oil Market

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Key Market Challenges

Evolving Automotive Technologies

The automotive industry is undergoing rapid technological advancements, including the development of electric vehicles (EVs), hybrid vehicles, and advanced transmission systems. These new technologies pose challenges for the Automotive Gear Oil Market as they require specialized lubrication solutions. Gear oils need to be formulated to meet the unique requirements of these advanced systems, such as compatibility with electric drivetrains or the ability to handle higher torque loads in hybrid vehicles.

Increasing Environmental Regulations

Governments worldwide are implementing stringent environmental regulations to reduce carbon emissions and promote sustainable transportation. These regulations often include specifications for lubricants, including gear oils, to meet certain environmental standards. Gear oil manufacturers need to ensure that their products comply with these regulations, which may require the development of environmentally friendly formulations and the use of sustainable raw materials.

Fluctuating Raw Material Prices

The cost of raw materials used in the production of gear oils, such as base oils and additives, can be volatile. Fluctuations in raw material prices can impact the profitability of gear oil manufacturers and may result in increased product costs. Manufacturers need to closely monitor raw material prices, manage supply chain risks, and implement effective cost management strategies to mitigate the impact of price fluctuations.

Key Market Trends

Shift towards Synthetic Gear Oils

There is a growing trend towards the use of synthetic gear oils in the automotive industry. Synthetic gear oils offer superior performance compared to conventional mineral-based oils. They provide better lubrication, improved thermal stability, enhanced wear protection, and increased fuel efficiency. The demand for synthetic gear oils is driven by the need for higher performance and longer service intervals in modern automotive gear systems.

Increasing Demand for Fuel-Efficient Gear Oils

With the focus on reducing carbon emissions and improving fuel efficiency, there is a rising demand for gear oils that contributes to better fuel economy. Manufacturers are developing fuel-efficient gear oils with low viscosity and advanced friction modifiers. These gear oils reduce friction losses in the gear system, resulting in improved fuel efficiency and reduced CO2 emissions.

Growing Adoption of Electric Vehicles (EVs)

The increasing adoption of electric vehicles is influencing the gear oil market. EVs have different transmission systems compared to traditional internal combustion engine vehicles, and they require specialized gear oils. Gear oils for EVs need to provide excellent lubrication properties, withstand high torque loads, and be compatible with electric drivetrains. As the demand for EVs continues to rise, the market for gear oils specifically designed for electric vehicles is expected to grow.

Segmental Insights

Vehicle Type Insights

The passenger car segment was the dominated in the automotive gear oil market due to several key factors. The increasing global demand for passenger vehicles, driven by urbanization, rising disposable incomes, and population growth, has significantly boosted the need for automotive gear oils. With more vehicles on the road, the demand for effective lubrication systems to ensure smooth operation of automotive gear systems has grown. Gear oils are crucial in maintaining the performance and longevity of passenger car transmissions, ensuring efficient operation under various conditions.

Advancements in automotive technology have led to more sophisticated gear systems in modern passenger vehicles, which require specialized oils for optimal performance. The growing trend of fuel efficiency and performance-focused vehicles, including electric and hybrid cars, also contributes to the demand for high-performance gear oils, as these vehicles require superior lubrication to support advanced gear systems.

The increasing emphasis on reducing maintenance costs and improving vehicle lifespan has encouraged consumers to invest in high-quality gear oils. The growing awareness of the importance of regular oil changes for maintaining vehicle health has further fueled the demand for gear oils in the passenger car segment.

Regulatory standards and stricter emissions regulations have pushed for improved lubricants that contribute to better fuel efficiency and reduced carbon emissions, further driving the need for specialized automotive gear oils in passenger cars. As the automotive market continues to expand, the passenger car segment is expected to remain the largest and most influential driver of the automotive gear oil market..

Automotive Gear Oil Market

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Regional Insights

Asia-Pacific was the dominating region in the automotive gear oil market due to several key factors. The region's rapid economic growth, particularly in countries like China, India, and Japan, has led to a significant increase in vehicle production and ownership. The expanding middle class and rising disposable incomes have boosted demand for passenger cars and commercial vehicles, driving the need for automotive gear oils.

Asia-Pacific is home to some of the world’s largest automotive manufacturing hubs. Countries like China, Japan, and South Korea are major players in both vehicle production and the automotive parts industry. As the demand for vehicles grows, so does the need for high-quality gear oils to ensure smooth operation and longevity of vehicle gear systems. The region also leads in the production of advanced, fuel-efficient vehicles, which require specialized lubricants to meet performance standards.

Increasing urbanization and the growing adoption of modern transportation solutions, such as electric and hybrid vehicles, are driving demand for gear oils that cater to advanced engine systems. The automotive sector in Asia-Pacific is also witnessing significant technological advancements, resulting in more sophisticated transmission systems and, consequently, a greater need for high-performance gear oils.

The region’s growing automotive aftermarket sector, driven by an expanding vehicle fleet and increasing vehicle maintenance needs, has further propelled the demand for automotive lubricants. As Asia-Pacific continues to lead in both vehicle production and consumption, it remains the dominant region in the global automotive gear oil market.

Recent Developments

  • In January 2024, Brakes India, a prominent manufacturer and supplier of braking systems with a strong presence in the aftermarket, introduced gear and transmission oil under its new Revia brand. A member of the USD 3 billion TSF group, an offshoot of the former TVS group led by T S Santhanam, Brakes India is renowned globally for its commitment to safety and quality. 
  • In November 2024, Valvoline launched its Extended Protection Full Synthetic Gear Oil, offering four times better protection against gear wear. It is designed to safeguard gear surfaces from extreme shock and high temperatures.

Key Market Players

  • BP p.l.c. 
  • China Petrochemical Corporation
  • Chevron Corporation
  • Exxon Mobil Corporation
  • FUCHS SE
  • Gazprom Energoholding Limited Liability Company
  • Gulf Oil International Ltd
  • Idemitsu Kosan Co.,Ltd.
  • Indian Oil Corporation Ltd
  • JX Nippon Oil & Gas Exploration Corporation 

By Product

By Sales Channel

By Vehicle Type

By Region
  • Mineral Gear Oil
  • Synthetic Gear Oil
  • Others
  • OEM
  • Aftermarket
  • Passenger Cars
  • Commercial Vehicles
  • North America
  • Europe & CIS
  • Asia-Pacific
  • South America
  • Middle East & Africa

Report Scope:

In this report, the Global Automotive Gear Oil Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Automotive Gear Oil Market, By Product:

o   Mineral Gear Oil

o   Synthetic Gear Oil

o   Others

  • Automotive Gear Oil Market, By Sales Channel:

o   OEM

o   Aftermarket

  • Automotive Gear Oil Market, By Vehicle Type:

o   Passenger Cars

o   Commercial Vehicles

  • Automotive Gear Oil Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe & CIS

§  France

§  Germany

§  Spain

§  Italy

§  United Kingdom

§  Rest Of Europe

o   Asia-Pacific

§  China

§  Japan

§  India

§  Vietnam

§  South Korea

§  Thailand

§  Australia

§  Rest of Asia-Pacific

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

o   South America

§  Brazil

§  Argentina

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Automotive Gear Oil Market.

Available Customizations:

Global Automotive Gear Oil Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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Table of content

Table of content

1.    Introduction

1.1.   Market Overview

1.2.   Key Highlights of the Report

1.3.   Market Coverage

1.4.   Market Segments Covered

1.5.   Research Tenure Considered

2.    Research Methodology

2.1.   Objective of the Study

2.2.   Baseline Methodology

2.3.   Key Industry Partners

2.4.   Major Association and Secondary Sources

2.5.   Forecasting Methodology

2.6.   Data Triangulation & Validation

2.7.   Assumptions and Limitations

3.    Executive Summary           

3.1.   Market Overview

3.2.   Market Forecast

3.3.   Key Regions

3.4.   Key Segments

4.    Global Automotive Gear Oil Market Outlook

4.1.   Market Size & Forecast

4.1.1.      By Value

4.2.   Market Share & Forecast

4.2.1.      By Product Market Share Analysis (Mineral Gear Oil, Synthetic Gear Oil, Others)

4.2.2.      By Vehicle Type Market Share Analysis (Passenger Cars, Commercial Vehicles)

4.2.3.      By Sales Channel Market Share Analysis (OEM, Aftermarket)

4.2.4.      By Regional Market Share Analysis

4.2.4.1.            North America Market Share Analysis

4.2.4.2.            Europe & CIS Market Share Analysis

4.2.4.3.            Asia-Pacific Market Share Analysis

4.2.4.4.            Middle East & Africa Market Share Analysis

4.2.4.5.            South America Market Share Analysis

4.2.5.      By Top 5 Companies Market Share Analysis, Others (2023)

4.3.   Global Automotive Gear Oil Market Mapping & Opportunity Assessment

4.3.1.      By Product Market Mapping & Opportunity Assessment

4.3.2.      By Vehicle Type Market Mapping & Opportunity Assessment

4.3.3.      By Sales Channel Market Mapping & Opportunity Assessment

4.3.4.      By Regional Market Mapping & Opportunity Assessment

5.    North America Automotive Gear Oil Market Outlook

5.1.   Market Size & Forecast

5.1.1.      By Value

5.2.   Market Share & Forecast

5.2.1.      By Product Market Share Analysis

5.2.2.      By Vehicle Type Market Share Analysis

5.2.3.      By Sales Channel Market Share Analysis

5.2.4.      By Country Market Share Analysis

5.2.4.1.            United States Automotive Gear Oil Market Outlook

5.2.4.1.1.                  Market Size & Forecast

5.2.4.1.1.1.                        By Value

5.2.4.1.2.                  Market Share & Forecast

5.2.4.1.2.1.                        By Product Market Share Analysis

5.2.4.1.2.2.                        By Vehicle Type Market Share Analysis

5.2.4.1.2.3.                        By Sales Channel Market Share Analysis

5.2.4.2.            Canada Automotive Gear Oil Market Outlook

5.2.4.2.1.                  Market Size & Forecast

5.2.4.2.1.1.                        By Value

5.2.4.2.2.                  Market Share & Forecast

5.2.4.2.2.1.                        By Product Market Share Analysis

5.2.4.2.2.2.                        By Vehicle Type Market Share Analysis

5.2.4.2.2.3.                        By Sales Channel Market Share Analysis

5.2.4.3.            Mexico Automotive Gear Oil Market Outlook

5.2.4.3.1.                  Market Size & Forecast

5.2.4.3.1.1.                        By Value

5.2.4.3.2.                  Market Share & Forecast

5.2.4.3.2.1.                        By Product Market Share Analysis

5.2.4.3.2.2.                        By Vehicle Type Market Share Analysis

5.2.4.3.2.3.                        By Sales Channel Market Share Analysis

6.    Europe & CIS Automotive Gear Oil Market Outlook

6.1.   Market Size & Forecast            

6.1.1.      By Value

6.2.   Market Share & Forecast

6.2.1.      By Product Market Share Analysis

6.2.2.      By Vehicle Type Market Share Analysis

6.2.3.      By Sales Channel Market Share Analysis

6.2.4.      By Country Market Share Analysis

6.2.4.1.            France Automotive Gear Oil Market Outlook

6.2.4.1.1.                  Market Size & Forecast

6.2.4.1.1.1.                        By Value

6.2.4.1.2.                  Market Share & Forecast

6.2.4.1.2.1.                        By Product Market Share Analysis

6.2.4.1.2.2.                        By Vehicle Type Market Share Analysis

6.2.4.1.2.3.                        By Sales Channel Market Share Analysis

6.2.4.2.            Germany Automotive Gear Oil Market Outlook

6.2.4.2.1.                  Market Size & Forecast

6.2.4.2.1.1.                        By Value

6.2.4.2.2.                  Market Share & Forecast

6.2.4.2.2.1.                        By Product Market Share Analysis

6.2.4.2.2.2.                        By Vehicle Type Market Share Analysis

6.2.4.2.2.3.                        By Sales Channel Market Share Analysis

6.2.4.3.            Spain Automotive Gear Oil Market Outlook

6.2.4.3.1.                  Market Size & Forecast

6.2.4.3.1.1.                        By Value

6.2.4.3.2.                  Market Share & Forecast

6.2.4.3.2.1.                        By Product Market Share Analysis

6.2.4.3.2.2.                        By Vehicle Type Market Share Analysis

6.2.4.3.2.3.                        By Sales Channel Market Share Analysis

6.2.4.4.            Italy Automotive Gear Oil Market Outlook

6.2.4.4.1.                  Market Size & Forecast

6.2.4.4.1.1.                        By Value

6.2.4.4.2.                  Market Share & Forecast

6.2.4.4.2.1.                        By Product Market Share Analysis

6.2.4.4.2.2.                        By Vehicle Type Market Share Analysis

6.2.4.4.2.3.                        By Sales Channel Market Share Analysis

6.2.4.5.            United Kingdom Automotive Gear Oil Market Outlook

6.2.4.5.1.                  Market Size & Forecast

6.2.4.5.1.1.                        By Value

6.2.4.5.2.                  Market Share & Forecast

6.2.4.5.2.1.                        By Product Market Share Analysis

6.2.4.5.2.2.                        By Vehicle Type Market Share Analysis

6.2.4.5.2.3.                        By Sales Channel Market Share Analysis

7.    Asia-Pacific Automotive Gear Oil Market Outlook

7.1.   Market Size & Forecast            

7.1.1.      By Value

7.2.   Market Share & Forecast

7.2.1.      By Product Market Share Analysis

7.2.2.      By Vehicle Type Market Share Analysis

7.2.3.      By Sales Channel Market Share Analysis

7.2.4.      By Country Market Share Analysis

7.2.4.1.            China Automotive Gear Oil Market Outlook

7.2.4.1.1.                  Market Size & Forecast

7.2.4.1.1.1.                        By Value

7.2.4.1.2.                  Market Share & Forecast

7.2.4.1.2.1.                        By Product Market Share Analysis

7.2.4.1.2.2.                        By Vehicle Type Market Share Analysis

7.2.4.1.2.3.                        By Sales Channel Market Share Analysis

7.2.4.2.            Japan Automotive Gear Oil Market Outlook

7.2.4.2.1.                  Market Size & Forecast

7.2.4.2.1.1.                        By Value

7.2.4.2.2.                  Market Share & Forecast

7.2.4.2.2.1.                        By Product Market Share Analysis

7.2.4.2.2.2.                        By Vehicle Type Market Share Analysis

7.2.4.2.2.3.                        By Sales Channel Market Share Analysis

7.2.4.3.            India Automotive Gear Oil Market Outlook

7.2.4.3.1.                  Market Size & Forecast

7.2.4.3.1.1.                        By Value

7.2.4.3.2.                  Market Share & Forecast

7.2.4.3.2.1.                        By Product Market Share Analysis

7.2.4.3.2.2.                        By Vehicle Type Market Share Analysis

7.2.4.3.2.3.                        By Sales Channel Market Share Analysis

7.2.4.4.            Vietnam Automotive Gear Oil Market Outlook

7.2.4.4.1.                  Market Size & Forecast

7.2.4.4.1.1.                        By Value

7.2.4.4.2.                  Market Share & Forecast

7.2.4.4.2.1.                        By Product Market Share Analysis

7.2.4.4.2.2.                        By Vehicle Type Market Share Analysis

7.2.4.4.2.3.                        By Sales Channel Market Share Analysis

7.2.4.5.            South Korea Automotive Gear Oil Market Outlook

7.2.4.5.1.                  Market Size & Forecast

7.2.4.5.1.1.                        By Value

7.2.4.5.2.                  Market Share & Forecast

7.2.4.5.2.1.                        By Product Market Share Analysis

7.2.4.5.2.2.                        By Vehicle Type Market Share Analysis

7.2.4.5.2.3.                        By Sales Channel Market Share Analysis

7.2.4.6.            Australia Automotive Gear Oil Market Outlook

7.2.4.6.1.                  Market Size & Forecast

7.2.4.6.1.1.                        By Value

7.2.4.6.2.                  Market Share & Forecast

7.2.4.6.2.1.                        By Product Market Share Analysis

7.2.4.6.2.2.                        By Vehicle Type Market Share Analysis

7.2.4.6.2.3.                        By Sales Channel Market Share Analysis

7.2.4.7.            Thailand Automotive Gear Oil Market Outlook

7.2.4.7.1.                  Market Size & Forecast

7.2.4.7.1.1.                        By Value

7.2.4.7.2.                  Market Share & Forecast

7.2.4.7.2.1.                        By Product Market Share Analysis

7.2.4.7.2.2.                        By Vehicle Type Market Share Analysis

7.2.4.7.2.3.                        By Sales Channel Market Share Analysis

8.    Middle East & Africa Automotive Gear Oil Market Outlook

8.1.   Market Size & Forecast            

8.1.1.      By Value

8.2.   Market Share & Forecast

8.2.1.      By Product Market Share Analysis

8.2.2.      By Vehicle Type Market Share Analysis

8.2.3.      By Sales Channel Market Share Analysis

8.2.4.      By Country Market Share Analysis

8.2.4.1.            South Africa Automotive Gear Oil Market Outlook

8.2.4.1.1.                  Market Size & Forecast

8.2.4.1.1.1.                        By Value

8.2.4.1.2.                  Market Share & Forecast

8.2.4.1.2.1.                        By Product Market Share Analysis

8.2.4.1.2.2.                        By Vehicle Type Market Share Analysis

8.2.4.1.2.3.                        By Sales Channel Market Share Analysis

8.2.4.2.            Saudi Arabia Automotive Gear Oil Market Outlook

8.2.4.2.1.                  Market Size & Forecast

8.2.4.2.1.1.                        By Value

8.2.4.2.2.                  Market Share & Forecast

8.2.4.2.2.1.                        By Product Market Share Analysis

8.2.4.2.2.2.                        By Vehicle Type Market Share Analysis

8.2.4.2.2.3.                        By Sales Channel Market Share Analysis

8.2.4.3.            UAE Automotive Gear Oil Market Outlook

8.2.4.3.1.                  Market Size & Forecast

8.2.4.3.1.1.                        By Value

8.2.4.3.2.                  Market Share & Forecast

8.2.4.3.2.1.                        By Product Market Share Analysis

8.2.4.3.2.2.                        By Vehicle Type Market Share Analysis

8.2.4.3.2.3.                        By Sales Channel Market Share Analysis

8.2.4.4.            Turkey Automotive Gear Oil Market Outlook

8.2.4.4.1.                  Market Size & Forecast

8.2.4.4.1.1.                        By Value

8.2.4.4.2.                  Market Share & Forecast

8.2.4.4.2.1.                        By Product Market Share Analysis

8.2.4.4.2.2.                        By Vehicle Type Market Share Analysis

8.2.4.4.2.3.                        By Sales Channel Market Share Analysis

9.    South America Automotive Gear Oil Market Outlook

9.1.   Market Size & Forecast            

9.1.1.      By Value

9.2.   Market Share & Forecast

9.2.1.      By Product Market Share Analysis

9.2.2.      By Vehicle Type Market Share Analysis

9.2.3.      By Sales Channel Market Share Analysis

9.2.4.      By Country Market Share Analysis

9.2.4.1.            Brazil Automotive Gear Oil Market Outlook

9.2.4.1.1.                  Market Size & Forecast

9.2.4.1.1.1.                        By Value

9.2.4.1.2.                  Market Share & Forecast

9.2.4.1.2.1.                        By Product Market Share Analysis

9.2.4.1.2.2.                        By Vehicle Type Market Share Analysis

9.2.4.1.2.3.                        By Sales Channel Market Share Analysis

9.2.4.2.            Argentina Automotive Gear Oil Market Outlook

9.2.4.2.1.                  Market Size & Forecast

9.2.4.2.1.1.                        By Value

9.2.4.2.2.                  Market Share & Forecast

9.2.4.2.2.1.                        By Product Market Share Analysis

9.2.4.2.2.2.                        By Vehicle Type Market Share Analysis

9.2.4.2.2.3.                        By Sales Channel Market Share Analysis

10.  Market Dynamics

10.1.                  Drivers

10.2.                  Challenges

11.  Impact of COVID-19 on Global Automotive Gear Oil Market

12.  Market Trends & Developments

13.  Competitive Landscape

13.1.                  Company Profiles

13.1.1.   BP p.l.c. 

13.1.1.1.        Company Details

13.1.1.2.        Products

13.1.1.3.        Financials (As Per Availability)

13.1.1.4.        Key Market Focus & Geographical Presence

13.1.1.5.        Recent Developments

13.1.1.6.        Key Management Personnel

13.1.2.   China Petrochemical Corporation

13.1.2.1.        Company Details

13.1.2.2.        Products

13.1.2.3.        Financials (As Per Availability)

13.1.2.4.        Key Market Focus & Geographical Presence

13.1.2.5.        Recent Developments

13.1.2.6.        Key Management Personnel

13.1.3.      Chevron Corporation

13.1.3.1.        Company Details

13.1.3.2.        Products

13.1.3.3.        Financials (As Per Availability)

13.1.3.4.        Key Market Focus & Geographical Presence

13.1.3.5.        Recent Developments

13.1.3.6.        Key Management Personnel

13.1.4.    FUCHS SE

13.1.4.1.        Company Details

13.1.4.2.        Products

13.1.4.3.        Financials (As Per Availability)

13.1.4.4.        Key Market Focus & Geographical Presence

13.1.4.5.        Recent Developments

13.1.4.6.        Key Management Personnel

13.1.5.       Gazprom Energoholding Limited Liability Company

13.1.5.1.        Company Details

13.1.5.2.        Products

13.1.5.3.        Financials (As Per Availability)

13.1.5.4.        Key Market Focus & Geographical Presence

13.1.5.5.        Recent Developments

13.1.5.6.        Key Management Personnel

13.1.6.     Gulf Oil International Ltd

13.1.6.1.        Company Details

13.1.6.2.        Products

13.1.6.3.        Financials (As Per Availability)

13.1.6.4.        Key Market Focus & Geographical Presence

13.1.6.5.        Recent Developments

13.1.6.6.        Key Management Personnel

13.1.7.       Idemitsu Kosan Co.,Ltd.

13.1.7.1.        Company Details

13.1.7.2.        Products

13.1.7.3.        Financials (As Per Availability)

13.1.7.4.        Key Market Focus & Geographical Presence

13.1.7.5.        Recent Developments

13.1.7.6.        Key Management Personnel

13.1.8.       Indian Oil Corporation Ltd

13.1.8.1.        Company Details

13.1.8.2.        Products

13.1.8.3.        Financials (As Per Availability)

13.1.8.4.        Key Market Focus & Geographical Presence

13.1.8.5.        Recent Developments

13.1.8.6.        Key Management Personnel

13.1.9.      Exxon Mobil Corporation

13.1.9.1.        Company Details

13.1.9.2.        Products

13.1.9.3.        Financials (As Per Availability)

13.1.9.4.        Key Market Focus & Geographical Presence

13.1.9.5.        Recent Developments

13.1.9.6.        Key Management Personnel

13.1.10.                       JX Nippon Oil & Gas Exploration Corporation

13.1.10.1.    Company Details

13.1.10.2.    Products

13.1.10.3.    Financials (As Per Availability)

13.1.10.4.    Key Market Focus & Geographical Presence

13.1.10.5.    Recent Developments

13.1.10.6.    Key Management Personnel

14.  Strategic Recommendations/Action Plan

14.1.                  Key Focus Areas

14.2.                  Target By Product

14.3.                  Target By Vehicle Type

15.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

The Global Automotive Gear Oil Market size reached USD 6.67 Billion in 2023.

Synthetic gear oil was the fastest-growing segment in the automotive gear oil market due to its superior performance, longer lifespan, and ability to withstand extreme conditions.

Asia-Pacific dominated the automotive gear oil market due to its robust automotive production, large consumer base, and significant demand for high-performance, fuel-efficient vehicle lubrication solutions.

The primary catalysts for the Global Automotive Gear Oil Market are the rising need for fuel-efficient lubricants to enhance vehicle performance and lower carbon emissions. The expanding use of electric vehicles (EVs) and sophisticated transmission systems further boosts the requirement for specialized oils. Moreover, innovations in gear oil compositions and the emphasis on prolonged drain cycles also support market expansion.

Related Reports

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