HOME Top Market Reports Transmission Fluids Market by Type (Automatic Transmission Fluid/ATF, Manual Transmission Fluid/MTF, CVT, DCT), Base Oil (Mineral, Synthetic, Semi-Synthetic), End-Use Industry (Automotive, Off-Road Vehicle) - Global Forecast to 2021

Transmission Fluids Market by Type (Automatic Transmission Fluid/ATF, Manual Transmission Fluid/MTF, CVT, DCT), Base Oil (Mineral, Synthetic, Semi-Synthetic), End-Use Industry (Automotive, Off-Road Vehicle) - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: March 2017
Report Code: CH 5070

 

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The transmission fluids market is estimated to be valued at USD 6.88 Billion in 2016 and is projected to reach USD 8.43 Billion by 2021, at a CAGR of 4.1% from 2016 to 2021. In this report, 2015 is considered the base year and the forecast period is from 2016 to 2021.

The objectives of this study are:

  • To estimate and forecast the transmission fluids market size, in terms of value and volume
  • To provide detailed information regarding the major factors (drivers, restraints, and opportunities) influencing the growth of the market
  • To define, describe, and forecast the market size by type, base oil, end-use industry, and region
  • To forecast the size of the market and submarkets with respect to five main regions, namely, Asia-Pacific, North America, Europe, the Middle East & Africa, and Central & South America
  • To track and analyze recent developments such as expansions, contracts & agreements, and investments in the market
  • To strategically profile the key market players and comprehensively analyze their growth strategies

Research Methodology

This research study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg BusinessWeek, and Factiva) to identify and collect information useful for this technical, market-oriented, and commercial study of the transmission fluids market. The primary sources mainly include several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. After arriving at the overall market size, the market has been split into several segments and subsegments. The figure below illustrates the breakdown of the primary interviews based on company type, designation, and region conducted during the research study:

Transmission Fluids Market

To know about the assumptions considered for the study, download the pdf brochure

Ecosystem

The transmission fluids value chain includes companies such as Exxon Mobil Corporation (U.S.), BP PLC (U.K.), Royal Dutch Shell Plc. (Netherlands), and Chevron Corporation (U.S.) that manufacture different types of transmission fluids. Further, the products manufactured by these companies are used by automotive, agriculture, and construction & mining related companies such as Ford Motor Company (U.S.), General Motors Company (U.S.), Vinci SA (France), and Bechtel Corporation (U.S.), among others.

The target audience for the transmission fluids market report is as follows:

  • Transmission fluid manufacturers
  • Transmission fluid suppliers and distributors
  • Raw material suppliers
  • Service providers
  • Government bodies

Scope of the Report

Transmission Fluid Market


Particular

Scope

Region

  • Asia-Pacific
  • North America
  • Europe
  • Middle East & Africa, and
  • Central & South America

 

Historical Years

2014

Base Year

2015

Estimated Year

2016-e

Forecast Period

2016-e–2021-p

Revenue Currency

USD

This report categorizes the global market of transmission fluids on the basis of type, base oil, end-use industry, and region.

Transmission fluids market, by Type:

  • Automatic Transmission Fluid (ATF)
  • Manual Transmission Fluid (MTF)
  • Others
    • Dual-Clutch Transmission Fluid (DCT)
    • Continuously Variable Transmission Fluid (CVT)

Transmission fluids market, by Base Oil:

  • Mineral oil
  • Synthetic oil
  • Semi-synthetic oil

Transmission fluids market, by End-Use Industry:

  • Automotive
    • Passenger vehicle
    • Commercial vehicle
  • Off-road vehicle
    • Construction & mining
    • Agriculture

Transmission fluids market, by Region:

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

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options (not limited to) are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country, additional type, base oil, and/or end-use industry

Country Information

  • Additional country information (up to three)

Company Information

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

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
                    1.3.1.1 Scope of the Report, By Region
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Sources
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Significant Opportunities in the Transmission Fluids Market
    4.2 High Growth of the Transmission Fluids Market
    4.3 North America Transmission Fluids Market, By Country and Type
    4.4 Transmission Fluids Market Attractiveness
    4.5 Transmission Fluids Market, By End-Use Industry and Region

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By Base Oil
           5.2.3 By End-Use Industry
           5.2.4 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growing Automotive Industry in Asia-Pacific
                    5.3.1.2 Technological Advancements in the Passenger Vehicles Sector
           5.3.2 Restraints
                    5.3.2.1 Market Saturation of Passenger Vehicles in North America
           5.3.3 Opportunities
                    5.3.3.1 Industrial Growth in Middle East & Africa

6 Industry Trends (Page No. - 41)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 Raw Materials
           6.2.2 Manufacturing
           6.2.3 Distribution
           6.2.4 End Users
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry
    6.4 Industry Outlook
           6.4.1 Automotive Industry
           6.4.2 Construction Industry

7 Transmission Fluids Market, By Type (Page No. - 49)
    7.1 Introduction
    7.2 Automatic Transmission Fluid
    7.3 Manual Transmission Fluid
    7.4 Others
           7.4.1 Dual-Clutch Transmission Fluids
           7.4.2 Continuously Variable Transmission Fluids

8 Transmission Fluids Market, By Base Oil (Page No. - 57)
    8.1 Introduction
    8.2 Mineral Oil
    8.3 Synthetic Oil
    8.4 Semi-Synthetic Oil

9 Transmission Fluids Market, By End-Use Industry (Page No. - 64)
    9.1 Introduction
    9.2 Automotive
           9.2.1 Passenger Vehicle
           9.2.2 Commercial Vehicle
    9.3 Off-Road Vehicle
           9.3.1 Construction & Mining
           9.3.2 Agriculture

10 Transmission Fluids Market, By Region (Page No. - 70)
     10.1 Introduction
     10.2 North America
             10.2.1 Automatic Transmission Fluids to Register Highest Growth in North America
             10.2.2 Semi-Synthetic to Be the Fastest-Growing Base Oil Segment in North America
             10.2.3 Off-Road Vehicle Industry to Register Highest Growth in North America
             10.2.4 Transmission Fluids Market, By Country
                        10.2.4.1 U.S.
                        10.2.4.2 Canada
                        10.2.4.3 Mexico
     10.3 Asia-Pacific
             10.3.1 Automatic Transmission Fluid Dominates the Asia-Pacific Transmission Fluids Market
             10.3.2 Semi-Synthetic Base Oil to Register the Highest CAGR During Forecast Period
             10.3.3 Automotive Industry Dominates the Asia-Pacific Transmission Fluids Market
             10.3.4 China to Dominate the Asia-Pacific Transmission Fluids Market During Forecast Period
                        10.3.4.1 China
                        10.3.4.2 Japan
                        10.3.4.3 India
                        10.3.4.4 South Korea
                        10.3.4.5 Taiwan
                        10.3.4.6 Indonesia
                        10.3.4.7 Australia
     10.4 Europe
             10.4.1 Manual Transmission Fluids to Account for the Largest Market Share in Europe
             10.4.2 Mineral Base Oil to Hold the Largest Share in European Transmission Fluids Market
             10.4.3 Off-Road Vehicle Industry to Register the Highest CAGR in European Transmission Fluids Market During Forecast Period
             10.4.4 Italy to Register the Highest CAGR During Forecast Period
                        10.4.4.1 Germany
                        10.4.4.2 France
                        10.4.4.3 U.K.
                        10.4.4.4 Italy
                        10.4.4.5 Russia
                        10.4.4.6 Spain
                        10.4.4.7 Netherlands
     10.5 Middle East & Africa
             10.5.1 Manual Transmission Fluids Dominates Transmission Fluids Market in Middle East & Africa
             10.5.2 Semi-Synthetic Base Oil to Be the Fastest-Growing Segment in the Middle East & Africa Transmission Fluids Market
             10.5.3 Automotive Industry to Dominate the Middle East & Africa Transmission Fluids Market
             10.5.4 Iran to Be the Largest Market for Transmission Fluids During Forecast Period
                        10.5.4.1 Iran
                        10.5.4.2 South Africa
                        10.5.4.3 Saudi Arabia
                        10.5.4.4 UAE
     10.6 Central & South America
             10.6.1 Automatic Transmission Fluids to Be the Fastest-Growing Market in Central & South America
             10.6.2 Synthetic Base Oils to Register the Highest CAGR in Central & South American Transmission Fluids Market
             10.6.3 Automotive Industry to Dominate Central & South American Transmission Fluids Market
             10.6.4 Argentina to Register the Highest CAGR in Central & South American Transmission Fluids Market
                        10.6.4.1 Brazil
                        10.6.4.2 Argentina

11 Competitive Landscape (Page No. - 110)
     11.1 Overview
     11.2 Market Share of Major Players
             11.2.1 Exxon Mobil Corporation
             11.2.2 Royal Dutch Shell PLC.
             11.2.3 BP PLC.
     11.3 Competitive Benchmarking
     11.4 Competitive Situation and Trends
             11.4.1 Expansions
             11.4.2 Contracts & Agreements
             11.4.3 Investments

12 Company Profiles (Page No. - 116)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     12.1 BASF SE
     12.2 Chevron Corporation
     12.3 Exxon Mobil Corporation
     12.4 Royal Dutch Shell PLC.
     12.5 Total S.A.
     12.6 BP PLC.
     12.7 Fuchs Petrolub SE
     12.8 The Lubrizol Corporation
     12.9 Lukoil
     12.10 Petroliam Nasional Berhad (Petronas)
     12.11 Other Players
             12.11.1 Afton Chemical Corporation (U.S.)
             12.11.2 Amsoil Inc. (U.S.)
             12.11.3 Evonik Industries AG (Germany)
             12.11.4 Gulf Oil Corporation (India)
             12.11.5 Idemitsu Kosan Co. Ltd. (Japan)
             12.11.6 Millers Oil (U.K.)
             12.11.7 Pennzoil (U.S.)
             12.11.8 Petrochina Company Limited (China)
             12.11.9 Sinopec Limited (China)
             12.11.10 Valvoline (U.S.)

*Details Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 141)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets Subscription Portal
     13.4 Introducing RT: Real Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (120 Tables)

Table 1 Transmission Fluids Market, By Type
Table 2 Transmission Fluids Market, By Base Oil
Table 3 Transmission Fluids Market, By End-Use Industry
Table 4 Transmission Fluids Market, By Region
Table 5 Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 6 Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 7 Types of Automatic Transmission Fluids
Table 8 Automatic Transmission Fluids Market Size, By Region, 2014–2021 (USD Million)
Table 9 Automatic Transmission Fluids Market Size, By Region, 2014–2021 (Kiloton)
Table 10 Manual Transmission Fluids Market Size, By Region, 2014–2021 (USD Million)
Table 11 Manual Transmission Fluids Market Size, By Region, 2014–2021 (Kiloton)
Table 12 Other Transmission Fluids Market Size, By Region, 2014–2021 (USD Million)
Table 13 Other Transmission Fluids Market Size, By Region, 2014–2021 (Kiloton)
Table 14 Base Oil Classification
Table 15 Transmission Fluids Market Size, By Base Oil, 2014–2021 (USD Million)
Table 16 Transmission Fluids Market Size, By Base Oil, 2014–2021 (Kiloton)
Table 17 Mineral Oil-Based Transmission Fluids Market Size, By Region, 2014–2021 (USD Million)
Table 18 Mineral Oil-Based Transmission Fluids Market Size, By Region, 2014–2021 (Kiloton)
Table 19 Synthetic Oil-Based Transmission Fluids Market Size, By Region, 2014–2021 (USD Million)
Table 20 Synthetic Oil-Based Transmission Fluids Market Size, By Region, 2014–2021 (Kiloton)
Table 21 Semi-Synthetic Oil-Based Transmission Fluids Market Size, By Region, 2014–2021 (USD Million)
Table 22 Semi-Synthetic Oil-Based Transmission Fluids Market Size, By Region, 2014–2021 (Kiloton)
Table 23 Transmission Fluids Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 24 Transmission Fluids Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 25 Transmission Fluids Market Size in Automotive Industry, By Region, 2014–2021 (USD Million)
Table 26 Transmission Fluids Market Size in Automotive Industry, By Region, 2014–2021 (Kiloton)
Table 27 Transmission Fluids Market Size in Off-Road Vehicle Industry, By Region, 2014–2021 (USD Million)
Table 28 Transmission Fluids Market Size in Off-Road Vehicle Industry, By Region, 2014–2021 (Kiloton)
Table 29 Transmission Fluids Market Size, By Region, 2014–2021 (USD Million)
Table 30 Transmission Fluids Market Size, By Region, 2014–2021 (Kiloton)
Table 31 North America: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 32 North America: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 33 North America: Transmission Fluids Market Size, By Base Oil, 2014–2021 (USD Million)
Table 34 North America: Transmission Fluids Market Size, By Base Oil, 2014–2021 (Kiloton)
Table 35 North America: Transmission Fluids Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 36 North America: Transmission Fluids Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 37 North America: Transmission Fluids Market Size, By Country, 2014–2021 (USD Million)
Table 38 North America: Transmission Fluids Market Size, By Country, 2014–2021 (Kiloton)
Table 39 U.S.: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 40 U.S.: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 41 Canada: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 42 Canada: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 43 Mexico: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 44 Mexico: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 45 Asia-Pacific: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 46 Asia-Pacific: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 47 Asia-Pacific: Transmission Fluids Market Size, By Base Oil, 2014–2021 (USD Million)
Table 48 Asia-Pacific: Transmission Fluids Market Size, By Base Oil, 2014–2021 (Kiloton)
Table 49 Asia-Pacific: Transmission Fluids Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 50 Asia-Pacific: Transmission Fluids Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 51 Asia-Pacific: Transmission Fluids Market Size, By Country, 2014–2021 (USD Million)
Table 52 Asia-Pacific: Transmission Fluids Market Size, By Country, 2014–2021 (Kiloton)
Table 53 China: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 54 China: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 55 Japan: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 56 Japan: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 57 India: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 58 India: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 59 South Korea: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 60 South Korea: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 61 Taiwan: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 62 Taiwan: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 63 Indonesia: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 64 Indonesia: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 65 Australia: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 66 Australia: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 67 Europe: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 68 Europe: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 69 Europe: Transmission Fluids Market Size, By Base Oil, 2014–2021 (USD Million)
Table 70 Europe: Transmission Fluids Market Size, By Base Oil, 2014–2021 (Kiloton)
Table 71 Europe: Transmission Fluids Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 72 Europe: Transmission Fluids Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 73 Europe: Transmission Fluids Market Size, By Country, 2014–2021 (USD Million)
Table 74 Europe: Transmission Fluids Market Size, By Country, 2014–2021 (Kiloton)
Table 75 Germany: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 76 Germany: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 77 France: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 78 France: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 79 U.K.: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 80 U.K.: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 81 Italy: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 82 Italy: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 83 Russia: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 84 Russia: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 85 Spain: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 86 Spain: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 87 Netherlands: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 88 Netherlands: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 89 Middle East & Africa: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 90 Middle East & Africa: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 91 Middle East & Africa: Transmission Fluids Market Size, By Base Oil, 2014–2021 (USD Million)
Table 92 Middle East & Africa: Transmission Fluids Market Size, By Base Oil, 2014–2021 (Kiloton)
Table 93 Middle East & Africa: Transmission Fluids Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 94 Middle East & Africa: Transmission Fluids Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 95 Middle East & Africa: Transmission Fluids Market Size, By Country, 2014–2021 (USD Million)
Table 96 Middle East & Africa: Transmission Fluids Market Size, By Country, 2014–2021 (Kiloton)
Table 97 Iran: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 98 Iran: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 99 South Africa: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 100 South Africa: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 101 Saudi Arabia: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 102 Saudi Arabia: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 103 UAE: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 104 UAE: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 105 Central & South America: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 106 Central & South America: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 107 Central & South America: Transmission Fluids Market Size, By Base Oil, 2014–2021 (USD Million)
Table 108 Central & South America: Transmission Fluids Market Size, By Base Oil, 2014–2021 (Kiloton)
Table 109 Central & South America: Transmission Fluids Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 110 Central & South America: Transmission Fluids Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 111 Central & South America: Transmission Fluids Market Size, By Country, 2014–2021 (USD Million)
Table 112 Central & South America: Transmission Fluids Market Size, By Country, 2014–2021 (Kiloton)
Table 113 Brazil: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 114 Brazil: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 115 Argentina: Transmission Fluids Market Size, By Type, 2014–2021 (USD Million)
Table 116 Argentina: Transmission Fluids Market Size, By Type, 2014–2021 (Kiloton)
Table 117 Transmission Fluids Market Players
Table 118 Expansions, 2013–2016
Table 119 Contracts & Agreements, 2013–2016
Table 120 Investments, 2013–2016


List of Figures (42 Figures)

Figure 1 Transmission Fluids: Market Segmentation
Figure 2 Transmission Fluids Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Transmission Fluid Market: Data Triangulation
Figure 6 Automatic Transmission Fluids to Dominate the Market, 2016-2021
Figure 7 Mineral Base Oil Constitutes A Major Share of the Transmission Fluids Market
Figure 8 Automotive Segment to Constitute the Major Share of the Transmission Fluids Market
Figure 9 Asia-Pacific to Register the Highest CAGR in the Transmission Fluids Market
Figure 10 Long-Term Prospects for the Transmission Fluids Market Between 2016 and 2021
Figure 11 Asia-Pacific to Be the Key Market for Transmission Fluids, 2016–2021
Figure 12 Automatic Transmission Fluids Accounted for the Largest Market Share in 2015
Figure 13 Asia-Pacific to Be the Fastest-Growing Market, 2016–2021
Figure 14 Automotive Accounted for the Largest Share Across All Regions in 2015
Figure 15 Overview of Factors Governing Transmission Fluids Market
Figure 16 Value Chain of Transmission Fluids Market
Figure 17 Porter’s Five Forces Analysis
Figure 18 Europe Witnessed Highest Number of Vehicle Sales in 2014
Figure 19 Europe Witnessed Decline in the Construction Industry in 2014
Figure 20 Automatic Transmission Fluids (ATF) to Dominate the Transmission Fluids Market During Forecast Period
Figure 21 North America to Drive the Demand for Automatic Transmission Fluids Market During Forecast Period
Figure 22 Mineral Base Oil to Dominate the Transmission Fluids Market During the Forecast Period
Figure 23 Automotive Industry to Dominate the Transmission Fluids Market During the Forecast Period
Figure 24 Regional Snapshot: Asia-Pacific to Emerge as A Strategic Destination for Transmission Fluids Market Between 2016 and 2021
Figure 25 North America Market Snapshot: U.S. Dominates the Transmission Fluids Market
Figure 26 Companies Primarily Adopted Organic Growth Strategies
Figure 27 Expansions: the Most Popular Growth Strategy
Figure 28 Exxon Mobil Corporation Dominates the Transmission Fluids Market
Figure 29 BASF SE: Company Snapshot
Figure 30 BASF SE: SWOT Analysis
Figure 31 Chevron Corporation: Company Snapshot
Figure 32 Chevron Corporation: SWOT Analysis
Figure 33 Exxon Mobil Corporation: Company Snapshot
Figure 34 Exxon Mobil Corporation: SWOT Analysis
Figure 35 Royal Dutch Shell PLC.: Company Snapshot
Figure 36 Royal Dutch Shell PLC.: SWOT Analysis
Figure 37 Total S.A.: Company Snapshot
Figure 38 Total S.A.: SWOT Analysis
Figure 39 BP PLC.: Company Snapshot
Figure 40 Fuchs Petrolub SE: Company Snapshot
Figure 41 Lukoil: Company Snapshot
Figure 42 Petroliam Nasional Berhad (Petronas): Company Snapshot

The global transmission fluids market is estimated to be valued at USD 6.88 Billion in 2016, and is projected to reach USD 8.43 Billion by 2021, at a CAGR of 4.1% during the forecast period. The growth rate of the market in the next five years is projected to be steady in North America and Europe, while it is projected to grow the highest in the Asia-Pacific region and the Middle East & Africa. The growing automotive industry in the Asia-Pacific region is projected to boost the demand for transmission fluids.

The transmission fluids market is classified into Automatic Transmission Fluid (ATF), Manual Transmission Fluid (MTF), and others based on type. The market is led by the ATF segment in terms of value, mainly because of the longer operational life of the automatic transmission system, better fuel efficiency, and ease of gearless shifting that it provides.

The transmission fluids market is classified into mineral, synthetic, and semi-synthetic by base oil. Mineral base oil is the major type of transmission fluid that accounted for the maximum share of the market in 2015, in terms of value. The low cost and easy availability of mineral base oils from crude extracts and their easy applicability in almost every transmission system make it more suitable for use in all the end-use industries.

The off-road vehicle end-use industry is expected to grow at the highest CAGR in terms of value, during the forecast period due to increasing construction activities. Government initiatives in the Asia-Pacific region and Middle East & Africa, to boost infrastructure development is leading to the growth of the transmission fluids industry. This is because all heavy construction vehicles use transmission fluids which have the prime function of transmitting power from engines to wheels, thus, leading to an increase in use of transmission fluids.

The Asia-Pacific region is projected to be the fastest growing market in terms of value, during the forecast period because of the rapidly growing automotive industry, in countries such as Japan, India, and South Korea. Increasing infrastructural developments are primarily responsible for the high demand for transmission fluids. New construction activities, along with the rehabilitation of older structures is leading to an increasing use of heavy construction machinery, thereby increasing the demand for transmission fluids used in this machinery. China is the largest automobile manufacturer in the Asia-Pacific region and is among the leaders in the global automotive market.

Transmission Fluids Market

The major factors restraining the growth of the transmission fluids market are, the low consumer spending on new vehicles, saturated passenger vehicle market, and rising interest rates in North America. Although, the shift to new vehicles by replacing the older ones is gradually increasing, the demand for transmission fluids is expected to remain stagnant in the market, with very low demand for additional vehicles.

Some of the key players in the transmission fluids market are, BP PLC (U.K.), Royal Dutch Shell Plc. (Netherlands), Exxon Mobil Corporation (U.S.), Chevron Corporation (U.S.), Lukoil (Russia), and Total S.A. (France). ExxonMobil and Shell are among the top players leading the transmission fluids market. ExxonMobil has been mainly focusing on expansions as a part of its strategic development activity. In December 2015, the company announced the start of its onshore central processing facility at the Banyu Urip field, Indonesia resulting in an increase in overall oil production capacity by 130,000 barrels per day.

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