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

Industry : Automotive
Pages : NA
Published Date : NA

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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

The Global Automotive Gear Oil Market size reached USD 6.67 Billion in 2023 and is expected to grow with a CAGR of 5.16% in the forecast period. The global Automotive Gear Oil Market has witnessed steady growth in recent years, driven by various factors such as increasing vehicle production, rising demand for high-performance vehicles, and the need for efficient lubrication in automotive gear systems. Gear oil plays a crucial role in ensuring smooth and efficient operation of gears, reducing friction, and preventing wear and tear.

One of the key drivers of the global Automotive Gear Oil Market is the increasing vehicle production 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. Moreover, the growing demand for high-performance vehicles has also contributed to the market growth. High-performance vehicles, such as sports cars and luxury vehicles, require specialized gear oil formulations to withstand the high speeds, heavy loads, and extreme operating conditions. This has led to the development of advanced gear oil formulations that offer superior performance, durability, and protection.

Additionally, the need for efficient lubrication in automotive gear systems has become increasingly important. Gears are subjected to high levels of stress, friction, and heat, which can lead to wear and damage if not properly lubricated. Automotive gear oil provides the necessary lubrication to reduce friction, dissipate heat, and protect gears from wear and corrosion. This has led to the adoption of high-quality gear oils that offer enhanced lubrication properties and extended service life.

The global Automotive Gear Oil Market is witnessing steady growth driven by factors such as increasing vehicle production, the demand for high-performance vehicles, and the need for efficient lubrication in automotive gear systems. As the automotive industry continues to evolve, the market for gear oil is expected to expand further, driven by the need for superior performance, durability, and protection of automotive gears.

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.

Technological Advancements in Gear Oil Formulations

The Automotive Gear Oil Market is witnessing technological advancements in the formulation of gear oils. Manufacturers are developing advanced additives and base oils that offer superior performance, durability, and protection. These advancements contribute to the overall efficiency and longevity of automotive gear systems, driving the demand for advanced gear oil products.

Increasing Vehicle Lifespan

Vehicles are being designed to have longer lifespans, and proper maintenance is crucial to ensure their longevity. Gear oil plays a vital role in protecting gears from wear, corrosion, and damage. As vehicle owners focus on extending the lifespan of their vehicles, the demand for high-quality gear oil increases.

Growing Automotive Aftermarket

The expansion of the automotive aftermarket is another driver for the global Automotive Gear Oil Market. As vehicles age and require maintenance and replacement parts, the demand for aftermarket gear oil increases. The aftermarket segment provides opportunities for gear oil manufacturers to cater to the needs of vehicle owners who seek reliable and cost-effective replacement gear oils.

Increasing Adoption of Electric Vehicles

The growing adoption of electric vehicles (EVs) is impacting the Automotive Gear Oil Market. While EVs have fewer gears compared to traditional internal combustion engine vehicles, they still require gear oil for their transmission systems. The increasing production and sales of EVs contribute to the overall demand for gear oil.

Stringent Regulations and Standards

Governments and regulatory bodies worldwide are implementing stringent regulations and standards to reduce emissions and improve vehicle efficiency. These regulations often include specifications for gear oil performance and quality. Compliance with these regulations drives the demand for gear oils that meet the required standards.

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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.

Intense Market Competition

The global Automotive Gear Oil Market is highly competitive, with numerous players vying for market share. This intense competition puts pressure on manufacturers to constantly innovate, differentiate their products, and offer competitive pricing. Manufacturers need to invest in research and development to develop advanced gear oil formulations that meet the evolving needs of the automotive industry and provide superior performance and protection.

Technological Complexity

Gear oil formulations are becoming increasingly complex to meet the demands of modern automotive systems. Advanced transmission systems, such as dual-clutch transmissions and continuously variable transmissions, require gear oils with specific frictional properties and thermal stability. Developing gear oils that can effectively lubricate these complex systems and provide optimal performance can be challenging and requires extensive research and testing.

Limited Consumer Awareness

Many vehicle owners may not be fully aware of the importance of using high-quality gear oil and the impact it can have on the performance and longevity of their vehicles. Limited consumer awareness can pose a challenge for gear oil manufacturers in educating consumers about the benefits of using the right gear oil and differentiating their products in the market.

Counterfeit Products

The Automotive Gear Oil Market is also plagued by the presence of counterfeit products. Counterfeit gear oils may not meet the required performance standards and can potentially damage vehicle components. This poses a challenge for manufacturers in maintaining brand reputation and ensuring that consumers have access to genuine, high-quality gear oils.

Changing Vehicle Ownership Patterns

The rise of shared mobility services and the increasing popularity of leasing rather than owning vehicles can impact the demand for gear oils. Shared vehicles may have different maintenance schedules and requirements, and leasing companies may have their own preferred lubrication suppliers. Gear oil manufacturers need to adapt to these changing ownership patterns and establish partnerships with shared mobility providers and leasing companies to ensure their products are used in these vehicles.

In summary, the global Automotive Gear Oil Market faces challenges such as evolving automotive technologies, increasing environmental regulations, fluctuating raw material prices, intense market competition, technological complexity, limited consumer awareness, counterfeit products, and changing vehicle ownership patterns. Overcoming these challenges requires continuous innovation, compliance with regulations, effective cost management, consumer education, and strategic partnerships.

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.

Focus on Extended Drain Intervals

Automotive manufacturers and fleet operators are increasingly looking for gear oils that offer extended drain intervals. Extended drain intervals reduce maintenance costs and downtime for vehicle owners. Gear oil manufacturers are developing formulations with improved oxidation stability and thermal resistance to enable longer service intervals without compromising performance and protection.

Emphasis on Sustainability

The automotive industry is placing a greater emphasis on sustainability, and this trend extends to the gear oil market. Manufacturers are developing environmentally friendly gear oils that are biodegradable and have reduced environmental impact. These sustainable gear oils help reduce the carbon footprint of vehicles and align with the industry's commitment to environmental responsibility.

Advancements in Additive Technology

Additives play a crucial role in enhancing the performance of gear oils. Manufacturers are investing in research and development to develop advanced additive packages that offer improved wear protection, oxidation resistance, and corrosion prevention. These advancements in additive technology contribute to the overall performance and longevity of gear oils.

Increasing Focus on Noise Reduction

Noise reduction is an important consideration in the automotive industry, and this trend extends to gear systems. Manufacturers are developing gear oils with noise-damping properties to reduce gear whine and vibration. These specialized gear oils help improve the driving experience by providing quieter and smoother gear operation.

Growing Demand for Specialty Gear Oils

There is a growing demand for specialty gear oils tailored to specific applications and industries. For example, off-road vehicles, heavy-duty trucks, and industrial machinery have unique gear oil requirements. Manufacturers are developing gear oils that meet the specific needs of these applications, such as extreme pressure protection, high-temperature stability, and compatibility with specific gear materials.

Segmental Insights

By Product

The global Automotive Gear Oil Market can be segmented into three main product categories: mineral gear oil, synthetic gear oil, and others. Mineral gear oil, also known as conventional gear oil, is derived from crude oil through a refining process. It has been widely used in the automotive industry for many years. Mineral gear oil provides adequate lubrication and protection for gear systems, but it may have limitations in terms of thermal stability, oxidation resistance, and fuel efficiency compared to synthetic gear oil.

On the other hand, synthetic gear oil is formulated using advanced synthetic base oils and additives. Synthetic gear oils offer superior performance and a wide range of benefits. They provide excellent lubrication properties, improved thermal stability, enhanced wear protection, and increased fuel efficiency. Synthetic gear oils can withstand high temperatures, heavy loads, and extreme operating conditions, making them suitable for modern automotive gear systems. They also have longer service intervals, reducing maintenance costs and downtime for vehicle owners.

In recent years, there has been a growing trend towards the use of synthetic gear oils in the automotive industry. The superior performance and benefits offered by synthetic gear oils have led to their dominance in the market. However, mineral gear oil still holds a significant share, particularly in older vehicles or applications where cost considerations are more important than advanced performance characteristics.

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Regional Insights

The North America region is home to major automotive manufacturers and has a well-established automotive industry. The demand for gear oil in North America is driven by factors such as increasing vehicle production, stringent emission regulations, and the growing emphasis on fuel efficiency. The region also has a strong aftermarket presence, contributing to the demand for gear oil for maintenance and repair purposes.

Europe is another prominent market for automotive gear oil. The region has stringent emission regulations and a strong focus on vehicle performance and efficiency. European countries such as Germany, France, and the United Kingdom have a high demand for gear oil due to their large automotive manufacturing industries. Additionally, the region has a strong aftermarket sector, driven by a large vehicle parc and a culture of regular vehicle maintenance.

The Asia Pacific region is witnessing rapid growth in the automotive industry, making it a significant market for automotive gear oil. Countries like China, Japan, and India are major contributors to the market in this region. The increasing population, rising disposable income, and urbanization are driving the demand for vehicles, which in turn fuels the demand for gear oil. Additionally, the region has a growing aftermarket sector, driven by a large vehicle parc and increasing vehicle ownership.

South America is an emerging market for automotive gear oil. The region has a growing automotive industry, driven by increasing vehicle production and rising consumer demand. Countries like Brazil and Mexico are major contributors to the market in this region. The demand for gear oil in Latin America is driven by factors such as vehicle parc and the need for regular maintenance and repair.

The Middle East and Africa region have a smaller share in the global Automotive Gear Oil Market. However, the region is witnessing growth due to increasing vehicle sales and the adoption of advanced technologies. The demand for gear oil in this region is driven by factors such as rising disposable income, urbanization, and government initiatives promoting sustainable transportation.

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.

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 Demand Category	By Vehicle Type	By Region
Mineral Gear Oil Synthetic Gear Oil Others	OEM Aftermarket	Passenger Cars Light Commercial Vehicles Medium & Heavy Commercial Vehicles Two-Wheelers	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 Demand Category:

o OEM

o Aftermarket

Automotive Gear Oil Market, By Vehicle Type:

o Passenger Cars

o Light Commercial Vehicles

o Medium & Heavy Commercial Vehicles

o Two-Wheelers

Automotive Gear Oil Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe & CIS

§ Germany

§ Spain

§ France

§ Russia

§ Italy

§ United Kingdom

§ Belgium

o Asia-Pacific

§ China

§ India

§ Japan

§ Indonesia

§ Thailand

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ Turkey

§ Iran

§ Saudi Arabia

§ UAE

Competitive Landscape

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

Available Customizations:

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Company Information

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

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Table of content

1. Introduction

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

5. Global Automotive Gear Oil Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

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

5.2.2. By Demand Category Market Share Analysis (OEM and Aftermarket)

5.2.3. By Vehicle Type Market Share Analysis (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, and Two-Wheelers)

5.2.4. By Regional Market Share Analysis

5.2.4.1. Asia-Pacific Market Share Analysis

5.2.4.2. Europe & CIS Market Share Analysis

5.2.4.3. North America Market Share Analysis

5.2.4.4. South America Market Share Analysis

5.2.4.5. Middle East & Africa Market Share Analysis

5.2.5. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2023)

5.3. Global Automotive Gear Oil Market Mapping & Opportunity Assessment

5.3.1. By Product Market Mapping & Opportunity Assessment

5.3.2. By Demand Category Market Mapping & Opportunity Assessment

5.3.3. By Vehicle Type Market Mapping & Opportunity Assessment

5.3.4. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific Automotive Gear Oil Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Product Market Share Analysis

6.2.2. By Demand Category Market Share Analysis

6.2.3. By Vehicle Type Market Share Analysis

6.2.4. By Country Market Share Analysis

6.2.4.1. China Market Share Analysis

6.2.4.2. India Market Share Analysis

6.2.4.3. Japan Market Share Analysis

6.2.4.4. Indonesia Market Share Analysis

6.2.4.5. Thailand Market Share Analysis

6.2.4.6. South Korea Market Share Analysis

6.2.4.7. Australia Market Share Analysis

6.2.4.8. Rest of Asia-Pacific Market Share Analysis

6.3. Asia-Pacific: Country Analysis

6.3.1. China Automotive Gear Oil Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value & Volume

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Product Market Share Analysis

6.3.1.2.2. By Demand Category Market Share Analysis

6.3.1.2.3. By Vehicle Type Market Share Analysis

6.3.2. India Automotive Gear Oil Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value & Volume

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Product Market Share Analysis

6.3.2.2.2. By Demand Category Market Share Analysis

6.3.2.2.3. By Vehicle Type Market Share Analysis

6.3.3. Japan Automotive Gear Oil Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value & Volume

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Product Market Share Analysis

6.3.3.2.2. By Demand Category Market Share Analysis

6.3.3.2.3. By Vehicle Type Market Share Analysis

6.3.4. Indonesia Automotive Gear Oil Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Value & Volume

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Product Market Share Analysis

6.3.4.2.2. By Demand Category Market Share Analysis

6.3.4.2.3. By Vehicle Type Market Share Analysis

6.3.5. Thailand Automotive Gear Oil Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Value & Volume

6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Product Market Share Analysis

6.3.5.2.2. By Demand Category Market Share Analysis

6.3.5.2.3. By Vehicle Type Market Share Analysis

6.3.6. South Korea Automotive Gear Oil Market Outlook

6.3.6.1. Market Size & Forecast

6.3.6.1.1. By Value & Volume

6.3.6.2. Market Share & Forecast

6.3.6.2.1. By Product Market Share Analysis

6.3.6.2.2. By Demand Category Market Share Analysis

6.3.6.2.3. By Vehicle Type Market Share Analysis

6.3.7. Australia Automotive Gear Oil Market Outlook

6.3.7.1. Market Size & Forecast

6.3.7.1.1. By Value & Volume

6.3.7.2. Market Share & Forecast

6.3.7.2.1. By Product Market Share Analysis

6.3.7.2.2. By Demand Category Market Share Analysis

6.3.7.2.3. By Vehicle Type Market Share Analysis

7. Europe & CIS Automotive Gear Oil Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Product Market Share Analysis

7.2.2. By Demand Category Market Share Analysis

7.2.3. By Vehicle Type Market Share Analysis

7.2.4. By Country Market Share Analysis

7.2.4.1. Germany Market Share Analysis

7.2.4.2. Spain Market Share Analysis

7.2.4.3. France Market Share Analysis

7.2.4.4. Russia Market Share Analysis

7.2.4.5. Italy Market Share Analysis

7.2.4.6. United Kingdom Market Share Analysis

7.2.4.7. Belgium Market Share Analysis

7.2.4.8. Rest of Europe & CIS Market Share Analysis

7.3. Europe & CIS: Country Analysis

7.3.1. Germany Automotive Gear Oil Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value & Volume

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Product Market Share Analysis

7.3.1.2.2. By Demand Category Market Share Analysis

7.3.1.2.3. By Vehicle Type Market Share Analysis

7.3.2. Spain Automotive Gear Oil Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value & Volume

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Product Market Share Analysis

7.3.2.2.2. By Demand Category Market Share Analysis

7.3.2.2.3. By Vehicle Type Market Share Analysis

7.3.3. France Automotive Gear Oil Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value & Volume

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Product Market Share Analysis

7.3.3.2.2. By Demand Category Market Share Analysis

7.3.3.2.3. By Vehicle Type Market Share Analysis

7.3.4. Russia Automotive Gear Oil Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value & Volume

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Product Market Share Analysis

7.3.4.2.2. By Demand Category Market Share Analysis

7.3.4.2.3. By Vehicle Type Market Share Analysis

7.3.5. Italy Automotive Gear Oil Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value & Volume

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Product Market Share Analysis

7.3.5.2.2. By Demand Category Market Share Analysis

7.3.5.2.3. By Vehicle Type Market Share Analysis

7.3.6. United Kingdom Automotive Gear Oil Market Outlook

7.3.6.1. Market Size & Forecast

7.3.6.1.1. By Value & Volume

7.3.6.2. Market Share & Forecast

7.3.6.2.1. By Product Market Share Analysis

7.3.6.2.2. By Demand Category Market Share Analysis

7.3.6.2.3. By Vehicle Type Market Share Analysis

7.3.7. Belgium Automotive Gear Oil Market Outlook

7.3.7.1. Market Size & Forecast

7.3.7.1.1. By Value & Volume

7.3.7.2. Market Share & Forecast

7.3.7.2.1. By Product Market Share Analysis

7.3.7.2.2. By Demand Category Market Share Analysis

7.3.7.2.3. By Vehicle Type Market Share Analysis

8. North America Automotive Gear Oil Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Product Market Share Analysis

8.2.2. By Demand Category Market Share Analysis

8.2.3. By Vehicle Type Market Share Analysis

8.2.4. By Country Market Share Analysis

8.2.4.1. United States Market Share Analysis

8.2.4.2. Mexico Market Share Analysis

8.2.4.3. Canada Market Share Analysis

8.3. North America: Country Analysis

8.3.1. United States Automotive Gear Oil Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value & Volume

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Product Market Share Analysis

8.3.1.2.2. By Demand Category Market Share Analysis

8.3.1.2.3. By Vehicle Type Market Share Analysis

8.3.2. Mexico Automotive Gear Oil Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value & Volume

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Product Market Share Analysis

8.3.2.2.2. By Demand Category Market Share Analysis

8.3.2.2.3. By Vehicle Type Market Share Analysis

8.3.3. Canada Automotive Gear Oil Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value & Volume

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Product Market Share Analysis

8.3.3.2.2. By Demand Category Market Share Analysis

8.3.3.2.3. By Vehicle Type Market Share Analysis

9. South America Automotive Gear Oil Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Product Market Share Analysis

9.2.2. By Demand Category Market Share Analysis

9.2.3. By Vehicle Type Market Share Analysis

9.2.4. By Country Market Share Analysis

9.2.4.1. Brazil Market Share Analysis

9.2.4.2. Argentina Market Share Analysis

9.2.4.3. Colombia Market Share Analysis

9.2.4.4. Rest of South America Market Share Analysis

9.3. South America: Country Analysis

9.3.1. Brazil Automotive Gear Oil Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value & Volume

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Product Market Share Analysis

9.3.1.2.2. By Demand Category Market Share Analysis

9.3.1.2.3. By Vehicle Type Market Share Analysis

9.3.2. Colombia Automotive Gear Oil Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value & Volume

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Product Market Share Analysis

9.3.2.2.2. By Demand Category Market Share Analysis

9.3.2.2.3. By Vehicle Type Market Share Analysis

9.3.3. Argentina Automotive Gear Oil Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value & Volume

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Product Market Share Analysis

9.3.3.2.2. By Demand Category Market Share Analysis

9.3.3.2.3. By Vehicle Type Market Share Analysis

10. Middle East & Africa Automotive Gear Oil Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Product Market Share Analysis

10.2.2. By Demand Category Market Share Analysis

10.2.3. By Vehicle Type Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1. Turkey Market Share Analysis

10.2.4.2. Iran Market Share Analysis

10.2.4.3. Saudi Arabia Market Share Analysis

10.2.4.4. UAE Market Share Analysis

10.2.4.5. Rest of Middle East & Africa Market Share Analysis

10.3. Middle East & Africa: Country Analysis

10.3.1. Turkey Automotive Gear Oil Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value & Volume

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Product Market Share Analysis

10.3.1.2.2. By Demand Category Market Share Analysis

10.3.1.2.3. By Vehicle Type Market Share Analysis

10.3.2. Iran Automotive Gear Oil Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value & Volume

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Product Market Share Analysis

10.3.2.2.2. By Demand Category Market Share Analysis

10.3.2.2.3. By Vehicle Type Market Share Analysis

10.3.3. Saudi Arabia Automotive Gear Oil Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value & Volume

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Product Market Share Analysis

10.3.3.2.2. By Demand Category Market Share Analysis

10.3.3.2.3. By Vehicle Type Market Share Analysis

10.3.4. UAE Automotive Gear Oil Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value & Volume

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Product Market Share Analysis

10.3.4.2.2. By Demand Category Market Share Analysis

10.3.4.2.3. By Vehicle Type Market Share Analysis

11. SWOT Analysis

11.1. Strength

11.2. Weakness

11.3. Opportunities

11.4. Threats

12. Market Dynamics

12.1. Market Drivers

12.2. Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. Company Profiles (Up to 10 Major Companies)

14.1.1. BP p.l.c.

14.1.1.1. Company Details

14.1.1.2. Key Product Offered

14.1.1.3. Financials (As Per Availability)

14.1.1.4. Recent Developments

14.1.1.5. Key Management Personnel

14.1.2. China Petrochemical Corporation

14.1.2.1. Company Details

14.1.2.2. Key Product Offered

14.1.2.3. Financials (As Per Availability)

14.1.2.4. Recent Developments

14.1.2.5. Key Management Personnel

14.1.3. Chevron Corporation

14.1.3.1. Company Details

14.1.3.2. Key Product Offered

14.1.3.3. Financials (As Per Availability)

14.1.3.4. Recent Developments

14.1.3.5. Key Management Personnel

14.1.4. Exxon Mobil Corporation

14.1.4.1. Company Details

14.1.4.2. Key Product Offered

14.1.4.3. Financials (As Per Availability)

14.1.4.4. Recent Developments

14.1.4.5. Key Management Personnel

14.1.5. FUCHS SE

14.1.5.1. Company Details

14.1.5.2. Key Product Offered

14.1.5.3. Financials (As Per Availability)

14.1.5.4. Recent Developments

14.1.5.5. Key Management Personnel

14.1.6. Gazprom Energoholding Limited Liability Company

14.1.6.1. Company Details

14.1.6.2. Key Product Offered

14.1.6.3. Financials (As Per Availability)

14.1.6.4. Recent Developments

14.1.6.5. Key Management Personnel

14.1.7. Gulf Oil International Ltd

14.1.7.1. Company Details

14.1.7.2. Key Product Offered

14.1.7.3. Financials (As Per Availability)

14.1.7.4. Recent Developments

14.1.7.5. Key Management Personnel

14.1.8. Idemitsu Kosan Co. Ltd.

14.1.8.1. Company Details

14.1.8.2. Key Product Offered

14.1.8.3. Financials (As Per Availability)

14.1.8.4. Recent Developments

14.1.8.5. Key Management Personnel

14.1.9. Indian Oil Corporation Ltd.

14.1.9.1. Company Details

14.1.9.2. Key Product Offered

14.1.9.3. Financials (As Per Availability)

14.1.9.4. Recent Developments

14.1.9.5. Key Management Personnel

14.1.10. JX Nippon Oil & Gas Exploration Corporation

14.1.10.1. Company Details

14.1.10.2. Key Product Offered

14.1.10.3. Financials (As Per Availability)

14.1.10.4. Recent Developments

14.1.10.5. Key Management Personnel

15. Strategic Recommendations

15.1. Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Product

15.1.3. Target Demand Category

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Automotive Gear Oil Market in 2023?

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

Which was the fastest growing segment By Product in the Global Automotive Gear Oil Market in 2023?

In the product type segment of automotive gear oil, synthetic gear oil is the fastest growing the market. Synthetic gear oil offers superior performance, improved thermal stability, enhanced wear protection, and increased fuel efficiency compared to mineral gear oil. The demand for synthetic gear oil is driven by the need for higher performance and advanced lubrication solutions in modern automotive gear systems.

Which is the dominant region in the Global Automotive Gear Oil Market?

Asia Pacific is the dominant region in the global Automotive Gear Oil Market. The region is witnessing rapid growth in the automotive industry, driven by factors such as increasing population, rising disposable income, and urbanization. Countries like China, Japan, and India are major contributors to the market in this region.

What are the major drivers for the Global Automotive Gear Oil Market?

The major drivers for the Global Automotive Gear Oil Market include the increasing demand for fuel-efficient gear oils to improve vehicle efficiency and reduce carbon emissions. The growing adoption of electric vehicles (EVs) and advanced transmission systems also drives the demand for specialized gear oils. Additionally, technological advancements in gear oil formulations and the focus on extended drain intervals contribute to market growth.

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Srishti Verma

Business Consultant

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Press Release

Automotive Gear Oil Market to Grow with a CAGR of 5.60% through 2028

Feb, 2024

The increasing vehicle production, technological advancements, and the growing demand for fuel-efficient vehicles are the factors driving market in the forecast period 2024-2028