Transmission Fluids Market Size & Share by Application, Type and Region - Global Forecast to 2025

Marketresearchreports.biz has announced the addition of a new research study on the "Transmission Fluids Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" to its report database.

The main objective of this report is to define, describe, and forecast the global “Transmission Fluids” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Transmission fluid is one of the fluids used in vehicles for manual as well as automatic transmissions during locomotion of the engine. Transmission fluid is generally available in red or green color. It is dyed in order to distinguish it from other fluids and motor oils, which are used in vehicles. The application of transmission fluids used in vehicles, for gear lubrication, valve operation, torque converter and for brake band friction. Transmission fluid possesses significant properties such as excellent thermal stability, anti-wear protection for hydraulic and transmission systems, better fuel economy, compatibility with seal materials, and high level of torque capacity for excellent power transfer and acceleration.

The type of transmission fluids market can be segmented into automatic transmission fluid (ATF), manual transmission fluid (MTF), dual clutch transmission fluid (DCTF). and continuously variable transmission fluid (CVTF). Transmission fluids are primarily used in passenger vehicles and heavy duty vehicles. ATF has emerged as the leading product type owing to the increase in demand for automatic vehicles. Heavy duty vehicles and agriculture machinery & equipment also utilize vast amount of ATF in order to prolong vehicle lifespan. MTF is used in specific manual vehicles. Innovation in this segment has been a critical factor owing to numerous complexities associated with these fluids.

One of the major drivers for transmission fluids in heavy duty vehicle segment is the manufacturers of transmission fluids, which have extensive presence globally and dominating the market with their extensive distribution network along with their innovative product portfolio. Increase in consumer preference for less carbon emission control vehicles has encouraged manufacturers to achieve minimum fuel efficiency and continue to have tie ups with OEM to develop novel transmission fluids for automotive.

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Others factors expected to drive the demand for transmission fluids include rise in automotive fleet for on-road as well as off-road use and expansion in the industrial sector in developed and developing regions.

Rise in awareness about the benefits of industrially advanced lubricants is expected to augment the transmission fluids market. Manufacturers have strong opportunity to introduce innovative transmission fluids which are being useful to fulfill consumer demands of fuel effective & high-performance vehicles. Expansion in automotive and construction industries is estimated to boost the demand for transmission fluids during the forecast period.

The automotive sector in Europe is anticipated to expand at a steady CAGR in the near future. After Europe, Asia Pacific and North America are expected to gain key share of the transmission fluids market in terms of value during the forecast period.

Prominent players operating in the transmission fluids market include BASF SE, Chevron Corporation, Exxon Mobil Corporation, and Royal Dutch Shell. These companies have extensive presence are renowned for their broad research & development operations.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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