The Growing Automotive Industry Drive Positive Impact On Gear Oil Market Emerges as a Core Driver of the Gear Oil Market in 2025

Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.

What Is the Expected CAGR for the Gear Oil Market Through 2025?
The market size of gear oil has been experiencing consistent expansion in the previous years. The market value is projected to increase from $8.6 billion in 2024 to $8.84 billion in 2025, with a compound annual growth rate (CAGR) of 2.8%. The escalation during the historic period can be linked to an emphasis on equipment upkeep and durability, compliance with regulatory norms and requirements, increased demand for heavy machinery and industrial equipment, improvements in production techniques, and the expansion of the automotive industry.

What's the Projected Size of the Global Gear Oil Market by 2029?
A consistent expansion is predicted in the gear oil market size in the coming years, with a surge up to $10.18 billion anticipated by 2029 at a compound annual growth rate (CAGR) of 3.6%. The expected growth during the forecast period is largely accountable to the trend towards ecological lubricants, demand for industrial automation and machinery, concentration on energy efficacy, and industry standards and specifications. The forecast period will likely witness trends such as an emphasis on performance improvement, inventive synthetic and superior-performance oils, industry-specific concoctions, digitalization and predictive upkeep, and a focus on maintenance and condition monitoring.

View the full report here:
https://www.thebusinessresearchcompany.com/report/gear-oil-global-market-report

Top Growth Drivers in the Gear Oil Industry: What's Accelerating the Market?
The rise in the automotive industry is anticipated to fuel the expansion of the gear oil market in the future. This industry is engaged in the manufacturing of motor vehicles including their parts, like engines and bodies. Gear oil plays a fundamental role in automobiles by ensuring the efficient operation of the drivetrain and safeguarding the internal parts of a vehicle's gear systems against wear and heat damage. For instance, the Board of Governors of the Federal Reserve System, a government agency from the United States, stated in August 2023 that there was an increase in total vehicle production within the United States, reaching 11.77 million units in July, a rise from June's 10.91 million units. As a result, this increasing trend in the automotive industry is accelerating the growth of the gear oil market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8918&type=smp

What Trends Will Shape the Gear Oil Market Through 2029 and Beyond?
Key players in the gear oil market are concentrating on the production of innovative high-end industrial gear oils to increase equipment efficiency, enhance sturdiness, cut downtime, and satisfy the growing industrial demands for superior lubrication under strenuous situations. High-end industrial gear oils are high-quality lubricants made for industrial machinery and equipment, and they deliver excellent efficiency in challenging operation scenarios. These oils consist of state-of-the-art additives that defend against deterioration, ensuring the best output and lifespan of gear mechanisms. For example, in July 2024, Jiangsu Lopal Technology Co. Ltd., a firm based in China, introduced Lopal G2 Heavy Duty Industrial Closed Gear Oil. These gear oils are specifically designed to prolong the functionality of machines by reducing wear and tear, a crucial factor in cutting downtime and maintenance costs. The up-to-date formulations offer noticeable assistance for high-load uses, guaranteeing trustworthy performance even under the harshest conditions.

What Are the Main Segments in the Gear Oil Market?
The gear oil market covered in this report is segmented -

1) By Product Type: Transportation, Industrial
2) By Base Oil: Mineral Oil, Synthetic Oil, Semi Synthetic Oil, Bio Based Oil
3) By End User: Manufacturing, Construction, Agriculture, Oil And Gas, Mining, Other End Users

Subsegments:
1) By Transportation: Automotive Gear Oils, Motorcycle Gear Oils, Heavy-Duty Gear Oils
2) By Industrial: Gear Oils For Machinery, Synthetic Industrial Gear Oils, Biodegradable Gear Oils

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=8918&type=smp

Which Top Companies are Driving Growth in the Gear Oil Market?
Major companies operating in the gear oil market are Exxon Mobile Corporation, Royal Dutch Shell PLC, Chevron Corporation, BP PLC, Total S.A, Sinopec Group, Idemitsu Kosan Company Ltd., Fuchs Petrolub SE, Petrochina Company Limited, Gazprom Neft PJSC, Shell International B.V., China Petrochemical Corporation, Phillips 66 Company, Saudi Arabian Oil Co., Castrol Limited, Liqui Moly GmbH, Calumet Specialty Products Partners, Morris Lubricants, Penrite Oil Company, Carl Bechem GmbH, Valvoline Inc., Peak Lubricants Pty. Ltd., Indian Oil Corporation Ltd., JX Nippon Oil & Energy Corporation, Kemipex Group, Lukoil Oil Company, Gulf Oil Corporation Limited, Pennzoil Company, Quaker Chemical Corporation

Which Regions Will Dominate the Gear Oil Market Through 2029?
North America was the largest region in the gear oil market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gear oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8918

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.