Press release
(2023-2032) Transmission Fluids Market Potential Growth, Size, Share, Technology Trends And Opportunities
Transmission Fluids Market
Transmission Fluids Market Size, Growth Rate, And Forecast
The global transmission fluids market size grew from $8.28 billion in 2022 to $9.28 billion in 2023 at a compound annual growth rate (CAGR) of 12.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The transmission fluids market size is expected to grow to $14.63 billion in 2027 at a CAGR of 12.1%.
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Transmission Fluids Market Drivers
The growing automotive industry is expected to propel the growth of the transmission fluids market. The rapid growth in the automotive industry across the globe is expected to boost the utilization of transmission, as they help in avoiding hydraulic pump wear out and the gear stuck in neutral that leads to the immobility of the vehicles.
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Transmission Fluids Market Segments
1) By Type: Automatic Transmission Fluid (ATF), Manual Transmission Fluid (MTF), CVT Fluid, DCT Fluid
2) By Base Oil: Mineral, Synthetic, Semi-Synthetic
3) By End User Industry: Automotive Industry, Construction, Mining, Industrial Machinery, Agriculture, Other End-User Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacifc was the largest region in the Transmission Fluids market.
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Transmission Fluids Market Key Players
Major competitors in the Transmission Fluids market include BP, Shell plc, ExxonMobil, Chevron Corporation, Lukoil, TotalEnergies, Pennzoil, Lubrizol, Sinopec, Evonik Industries
The Table Of Content For The Transmission Fluids Market Include:
1. Executive Summary
2. Transmission Fluids Market Characteristics
3. Transmission Fluids Market Trends And Strategies
4. Transmission Fluids Market - Macro Economic Scenario
5. Transmission Fluids Market Size And Growth
……
27. Transmission Fluids Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Transmission Fluids Market
29. Transmission Fluids Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Transmission Fluids Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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