Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Transmission Fluids Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 4% during the review period (2022 to 2027).
Transmission fluid is one of the fluids used in automobiles for manual and automatic gearboxes. The most common colours for transmission fluid are red and green. It's coloured to distinguish it from other fluids and motor oils found in automobiles. Transmission fluids are used in automobiles for gear lubrication, valve functioning, torque converter operation, and brake band friction. Optimum thermal stability, anti-wear protection for hydraulic and transmission systems, improved fuel efficiency, compatibility with seal materials, and high torque capacity for excellent power transfer and acceleration are all features of transmission fluid.
One of the primary reasons contributing to the market's favourable outlook is the global growth of the automobile industry. Additionally, changing customer preferences, as well as an increased desire for greater vehicle performance and reliability, are propelling the market forward. Transmission fluids are also utilised in off-road vehicles for improved valve performance, brake band friction, and torque conversion, in accordance with this.
The report aspects discussed the profile of the top Manufacturers of the global Transmission Fluids Market. These aspects include financial Status of major companies, trending advancements and entire market scenario. Growth of the report have examined Transmission Fluids Market production, demand and growth Potential, geographic analysis, as well as current market developments in Various regions and countries.
The Transmission Fluids Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes BASF, Chevron, Exxon Mobil, RDSA, Total, BP, Fuchs, Lubrizol, Lukoil, Petronas, Afton Chemical, Amsoil, Evonik, Gulfoilcorp, Idemitsu, Millers Oil, Pennzoil, Petrochina, Sinopec, Valvoline
February 28, 2022
Chevron Corporation (NYSE: CVX) and Renewable Energy Group, Inc. (NASDAQ: REGI) (“REG”) announced today a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 billion, or $61.50 per share.
Transmission Fluids Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Applications it is segmented into
Asia Pacific dominates the transmission fluids market due to the change in the manufacturing landscape towards the advancing countries. Furthermore, the rise in the numerous expanding industries, such as construction, automotive, and mining which will further boost the growth of the transmission fluids market in the region during the forecast period.
All these factors greatly affect the Transmission Fluids Market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
The Transmission Fluids Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Transmission Fluids Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes
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Report Details |
Forecast Period 2022 to 2028 CAGR |
CAGR of 4% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies
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BASF, Chevron, Exxon Mobil, RDSA, Total, BP, Fuchs, Lubrizol, Lukoil, Petronas, Afton Chemical, Amsoil, Evonik, Gulfoilcorp, Idemitsu, Millers Oil, Pennzoil, Petrochina, Sinopec, Valvoline |
Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2021 |
Forecast Year
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2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The Transmission Fluids Market is studied from 2017 - 2027.
What is the growth rate of Transmission Fluids Market?
The Transmission Fluids Market is growing at a CAGR of 4% over the next 5 years.
Who are the key players in Transmission Fluids Market?
BASF, Chevron, Exxon Mobil, RDSA, Total, BP, Fuchs, Lubrizol, Lukoil, Petronas, Afton Chemical, Amsoil, Evonik, Gulfoilcorp, Idemitsu, Millers Oil, Pennzoil, Petrochina, Sinopec, Valvoline
What region does this Transmission Fluids Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Transmission Fluids Market?
Mineral, Synthetic, Semi-Synthetic
What are the major end-use applications of Transmission Fluids Market?
Passenger Vehicle, Commercial Vehicle
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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