openPR Logo
Press release

Automotive Gear Oil Market Size Worth US$ 5.01 Billion with 3.4% CAGR by 2034: Fact.MR Report

05-30-2025 09:46 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Automotive Gear Oil Market

Automotive Gear Oil Market

A recent study by Fact.MR projects the global automotive gear oil market to be valued at US$ 3.59 billion in 2024, with demand anticipated to rise at a CAGR of 3.4%, reaching approximately US$ 5.01 billion by 2034.

The expanding automotive industry plays a key role in driving this growth. As vehicle production and sales continue to surge, the need for high-performance gear oils used in transmissions, differentials, and various gear systems is also increasing. Additionally, the growing global vehicle fleet is creating substantial demand for gear oils in routine servicing and maintenance, with regular oil changes being crucial for ensuring smooth vehicle performance and longevity.

This growth is further supported by advancements in gear oil formulations that offer enhanced lubrication, temperature resistance, and fuel efficiency. As the automotive landscape evolves with increasing emphasis on efficiency and performance, demand for specialized gear oils is expected to remain strong across both OEM and aftermarket channels.

For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9671

Country-wise Insights

According to a recent analysis by Fact.MR, a leading provider of market research and competitive intelligence, East Asia is anticipated to hold 38.9% of the global automotive gear oil market by the end of 2034. This regional dominance is largely attributed to the robust presence of key automotive manufacturers and proactive government initiatives aimed at enhancing public transportation infrastructure, which continue to boost demand for gear oil across various automotive applications.

In North America, the United States is expected to account for 84.2% of the regional market share by 2034. The growth trajectory in the U.S. is driven by intensive R&D efforts and technological advancements within the automotive industry. These innovations are poised to reshape the sector over the next decade, enhancing the performance and efficiency of vehicles and subsequently increasing the need for high-quality gear oils.

China, leading the East Asian market, is forecasted to contribute 80.7% of the region's market share by 2034. Rapid urbanization and infrastructure development are fueling a growing demand for transportation solutions. The expansion of vehicle fleets, both new and existing, will continue to generate substantial demand for automotive gear oil used in servicing and maintenance.

Category-wise Insights

According to a recent analysis by Fact.MR, growing emphasis by fleet operators and individual vehicle owners on using advanced, high-performance lubricants is driving the demand for mineral-based gear oil. This trend is influenced by the desire to enhance vehicle efficiency and longevity through improved lubrication.

Passenger vehicles are projected to account for 54.9% of the global automotive gear oil market by 2034. In developed countries, passenger cars remain a dominant mode of transportation. Meanwhile, in developing regions, rising per capita income is contributing to an increasing number of vehicle purchases. The expanding middle-class population and improvements in living standards are further propelling the demand for personal automobiles.

As vehicle ownership rises, so does the need for effective maintenance solutions. Automotive gear oil plays a crucial role in ensuring the smooth operation of passenger vehicles by minimizing friction, preventing wear, and protecting gear components. With greater awareness among consumers about the importance of regular maintenance and the benefits of using high-quality gear oil, the market is witnessing a steady surge in demand-especially across emerging economies with a growing car-owning population.

Competitive Landscape

The automotive gear oil market is moderately fragmented, characterized by the presence of several prominent players. This fragmentation enhances customer bargaining power and intensifies competition among market participants. To maintain a competitive edge, original equipment manufacturers (OEMs) are increasingly offering model-specific gear oils tailored to the performance needs of end users while aligning with efforts to reduce CO2 emissions.

Key strategies adopted by companies include the development of high-quality products, investment in research and innovation, and improvements in supply chain management. These initiatives aim to enhance product performance, ensure regulatory compliance, and meet evolving customer expectations.

Example:

In July 2022, Shell Midstream Partners, L.P. and Shell USA announced a strategic partnership aimed at executing a merger plan. As part of this transaction, Shell USA intended to acquire the publicly held common units representing limited partner interests in SHLX. The completion of this transaction was anticipated by the fourth quarter of 2022.

Leading players shaping the competitive landscape of the automotive gear oil market include ExxonMobil Corporation, Shell PLC, TOTAL S.A., BP PLC, FUCHS, National Petroleum Corporation, ZF Friedrichshafen AG, China National Petroleum Corporation, Chevron Corporation, Valvoline LLC, Hindustan Petroleum Corporation Limited, Ferdinand Bilstein GmbH & Co. KG, VIEROL AG, Elofic Industries Limited, and Hengst SE & Co. KG.

Browse Full Report: https://www.factmr.com/report/automotive-gear-oil-market

Segmentation of Automotive Gear Oil Market Research

By Source:
Mineral-based
Synthetic-based
By Vehicle Category:
Passenger Vehicles
Commercial Vehicles
Two/Three Wheelers
By Transmission:
Automatic
Manual
By Distribution Channel:
OEMs
Aftermarket
By Region:
North America
Europe
East Asia
Latin America
Middle East & Africa
South Asia & Oceania

Check out More Related Studies Published by Fact.MR:

Fog Light Market
https://www.factmr.com/report/5/fog-light-market
Solar Powered Car Market
https://www.factmr.com/report/5359/solar-powered-car-market
Automotive Pinion Gear Market
https://www.factmr.com/report/automotive-pinion-gear-market
Automotive Gesture Recognition Market
https://www.factmr.com/report/20/automotive-gesture-recognition-market

Contact:

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

About Fact.MR

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

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 Automotive Gear Oil Market Size Worth US$ 5.01 Billion with 3.4% CAGR by 2034: Fact.MR Report here

News-ID: 4044252 • Views:

More Releases from Fact.MR

Intelligent Transport System Market is Evaluatedto Reach USD 63.77 Billion by 2034 | Fact.MR
Intelligent Transport System Market is Evaluatedto Reach USD 63.77 Billion by 20 …
Fact.MR today released its latest report on the Intelligent Transport System (ITS) Market, projecting robust growth driven by increasing urbanization, rising demand for efficient traffic management, and advancements in smart mobility technologies. Valued at USD 30.66 billion in 2024, the global market is forecasted to expand at a compound annual growth rate (CAGR) of 7.6%, reaching USD 63.77 billion by 2034. This significant growth underscores the critical role of ITS
Digital Door Lock System Market is Growing at a CAGR of 16% by 2034 | Key Players: Honeywell International Inc., Godrej & Boyce Manufacturing Company Ltd., and Samsung Electronics Co Ltd
Digital Door Lock System Market is Growing at a CAGR of 16% by 2034 | Key Player …
Digital Door Lock System Market is valued at USD 11 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 16%, reaching USD 48.7 billion by 2034. This remarkable growth is driven by the increasing popularity of smart homes, which integrate advanced security features for enhanced convenience and protection. Digital door lock systems, utilizing technologies like biometrics and wireless connectivity, offer keyless entry, remote
Electronic Access Control Systems Market is Estmated to Reach USD 32.5 Billion by 2033 | Key Players: Cisco Systems, Siemens AG, Honeywell International Inc., Robert Bosch GmbH, Schneider Electric SE
Electronic Access Control Systems Market is Estmated to Reach USD 32.5 Billion b …
The global electronic access control systems market is valued at USD 14.64 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 8.3%, reaching USD 32.5 billion by 2033. This growth is driven by the increasing need for advanced security solutions amid rising threats of terrorism, break-ins, and data breaches. Electronic access control systems, encompassing biometrics, card-based, keypad, intruder alarm, and perimeter security technologies,
Neurology Devices Market is Estimated to Reach USD 22,335.5 Million by 2035 | Fact.MR Report
09-01-2025 | Health & Medicine
Fact.MR
Neurology Devices Market is Estimated to Reach USD 22,335.5 Million by 2035 | Fa …
Neurology Devices Market was valued at USD 10,944.3 million in 2024 and is forecasted to expand at a CAGR of 6.7%, reaching USD 22,335.5 million by 2035. This growth reflects the increasing demand for advanced diagnostic and therapeutic tools to address neurological disorders, including Alzheimer's disease, Parkinson's disease, major depression, epilepsy, spinal cord injury, and traumatic brain injury. Neurology devices play a crucial role in diagnosing, preventing, and treating these

All 5 Releases


More Releases for Automotive

Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030. Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%. Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident. In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business. Get Sample Copy of this Report for more Information
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of