Press release
Transmission Fluids Market Size, Share , Latest Trends, Key Players And Forecast To 2033
Transmission Fluids Market
Transmission Fluids Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $13.84 billion In 2028 At A CAGR Of 10.1% :
The transmission fluids market size has grown rapidly in recent years. It will grow from $8.56 billion in 2023 to $9.42 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to automotive industry growth, maintenance and aftermarket demand, regulatory standards.
The transmission fluids market size is expected to see rapid growth in the next few years. It will grow to $13.84 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to electric vehicle expansion, advancements in fluid technology, globalization of automotive production, increasing vehicle lifespan. Major trends in the forecast period include shift towards synthetic fluids, smart fluids and condition monitoring, customization for diverse applications, collaborations and partnerships.
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=6902&type=smp
Transmission Fluids Market Major Segments
The transmission fluids market covered in this report is segmented -
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
Key Driver - The Automotive Industry Fuels Growth In The Transmission Fluids Market
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. Additionally, rapidly changing consumer behavior and their need for better vehicle performance and overall reliability are contributing to increased utilization of transmission fluids across the globe. According to the India Brand Equity Foundation (IBEF), the Indian automotive industry is expected to reach $300 billion by 2026. Therefore, the rapid growth automotive industry is expected to demand for transmission fluids during the forecast period.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=6902&type=smp
Prominent Trend - Technological Advancements Propel The Transmission Fluids Market
Technological developments are a key trend gaining popularity in the transmission fluids market. Major players in the market are focusing on bringing innovative products to obtain an edge in the market against their competitors. For instance, in May 2021, Afton Chemical, a US-based company launched the first electrified transmission fluid. This HiTEC 35701 is unique as it delivers key platform technology for battery electric vehicles and meets the needs of OEMs with a range of hardware in one product.
Transmission Fluids Market Players
Major companies operating in the transmission fluids market report are BP PLC, Shell PLC, Exxon Mobil Corporation, Chevron Corporation, The PJSC Lukoil Oil Company, Afton Chemical Corporation, Amalie Oil Company, AMSOIL Inc., Ashland Global Holdings Inc., China National Petroleum Corporation, CITGO Petroleum Corporation, ConocoPhillips Company, FUCHS PETROLUB SE, Gazprom Neft PJSC, Gulf Oil International Limited, Idemitsu Kosan Co. Ltd., Indian Oil Corporation Ltd., JXTG Nippon Oil & Energy Corporation, The Lubrizol Corporation, Morris Lubricants, Motul S. A., Neste Oyj, PetroChina Company Limited, Petronas Lubricants International Sdn Bhd, The Phillips 66 Company, SK Lubricants Co. Ltd., TotalEnergies SE, Valvoline Inc., Warren Oil Company Inc., ZF Friedrichshafen AG
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/transmission-fluids-global-market-report
Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the transmission fluids market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the transmission fluids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Transmission Fluids Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Transmission Fluids Market Size, Share , Latest Trends, Key Players And Forecast To 2033 here
News-ID: 3544140 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Fluid
Hydraulic Fluid Connector Market, Powering Performance Across Fluid Systems and …
Market Overview
The Hydraulic Fluid Connector Market is integral to industries reliant on fluid power systems-including agriculture, construction, mining, oil & gas, aerospace, and industrial machinery. These connectors ensure secure, leak-free transmission of hydraulic fluid under extreme pressures and demand high durability to prevent system failures. This growth is underpinned by increased automation, rigorous safety regulations, and the rising adoption of precision fluid conveyance in heavy machinery and mobile hydraulics.
Get…
Volatile Silicone Fluid Market
The "Volatile Silicone Fluid Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Volatile Silicone Fluid Market, 2024-2031
Verified Market Research's most recent report, "Volatile Silicone Fluid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides…
Fluid Power Equipment Market Is Booming Worldwide | Kent Fluid Power, Eaton, Flu …
Advance Market Analytics added research publication document on Worldwide Fluid Power Equipment Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Fluid Power Equipment market. The study provides valuable market size data for historical (Volume** & Value) from 2019 to 2023 which is estimated and forecasted till…
Fluid Mechanics Analysis Software Market Comprehensive Solutions for Fluid Flow …
Global Fluid Mechanics Analysis Software Market Overview:
The Fluid Mechanics Analysis Software market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Fluid Mechanics Analysis Software market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and…
Fluid Delivery Innovation: Exploring the Growing Medical Fluid Bag Market
The medical fluid bag market refers to the industry that produces and sells bags that are used to hold and transport fluids in medical settings, such as hospitals and clinics. These bags are typically made from materials that are safe for use with medical fluids and are designed to prevent leaks or contamination. They may be used for a variety of purposes, such as delivering medications or intravenous fluids, collecting…
Fluid Sensors Market : Trends along with the current and future fluid sensors ma …
Fluid Sensors Market by Type (Flow Sensor, Level Sensor), by Technology (Non-contact Sensor, Contact Sensor), by End-user (Automotive, Water and Wastewater, Oil and Gas, Chemical, Food and Beverage, Power and Utilities, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030.
The global fluid sensors market was valued at $13.2 billion in 2021, and is projected to reach $25.4 billion by 2030, growing at a CAGR of 7.45% from 2022 to 2030.
The fluid…
