Transmission Fluids Market

The report "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", The global market for transmission fluids is estimated to be valued at USD 6.88 Billion in 2016 and is projected to grow at a CAGR of 4.1% to reach USD 8.43 Billion by 2021. The growing automotive industry in the Asia-Pacific region is expected to boost the transmission fluids market during the forecast period.

Browse 120 tables and 42 figures spread through 149 Pages and in-depth TOC on "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"
https://www.marketsandmarkets.com/Market-Reports/transmission-fluid-market-120501631.html
Early buyers will receive 10% customization on reports.

ATF to be the largest transmission fluid type during the forecast period

ATF constitutes the major share of the overall transmission fluids market in terms of value. These are specialized fluids having lower temperature fluidity and higher frictional properties than engine oils or gear oils. ATF performs various functions in the transmission system, including lubrication, clutch application, cooling, and providing a link between the transmission and engine through a hydraulic coupling or torque converter. Due to the versatile nature, ATF is largely being used in the automobile industry and is expected to constitute a major share of the transmission fluids market from 2016 to 2021.

Semi-synthetic base oil to register the highest CAGR in the transmission fluids market from 2016 to 2021

The transmission fluids market is segmented into different base oil categories, namely, mineral, synthetic, and semi-synthetic. The semi-synthetic base oil segment is expected to grow at the highest CAGR in the transmission fluids market from 2016 to 2021. The demand for semi-synthetic base oil is gaining momentum due to its added advantages over conventional mineral based transmission fluids. They are cheaper than purely synthetic base transmission fluids, and offer better drain intervals than mineral oil base transmission fluids.

Off-road vehicle to be the fastest-growing end-use industry for transmission fluids during the forecast period

Automotive and off-road vehicle are the two broadly classified end-use industries of the transmission fluids market. The off-road vehicle industry shows tremendous growth potential in the Middle East & Africa and the Asia-Pacific region. Thus, the transmission fluids market is expected to grow at the fastest rate for the off-road vehicle industry.

Asia-Pacific to be the fastest-growing market for transmission fluids during the forecast period

The growth of the transmission fluids market in the Asia-Pacific region is attributed to the rising population due to which, there is an increasing demand for additional residential construction. This growth pattern signifies an increase in construction activities, thereby leading to an increase in the consumption of transmission fluids for heavy vehicles used in the construction industry. Also, rising disposable incomes and improved standards of living are leading to consumers opting for new vehicles for their comfort, thus, leading to a rise in vehicle sales.

Currently, the global transmission fluids market is led by various market players such as Total S.A. (France), BP PLC (U.K.), Royal Dutch Shell Plc. (Netherlands), Chevron Corporation (U.S.), Lukoil (Russia), and Exxon Mobil Corporation (U.S.).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]