Press release
Transmission Fluids Market Analysis: $14.9 Billion by 2029 With a CAGR of 9.8%
Transmission Fluids
Transmission Fluids Market Value Projection: How Much Will the Market Size by 2025?
In recent times, there has been a robust growth in the size of the transmission fluids market. The market value is projected to increase from $9.35 billion in 2024 to $10.24 billion in 2025, representing a compound annual growth rate (CAGR) of 9.5%. The expansion during the historical period is largely due to the growth of the automotive industry, maintenance and aftermarket demand, as well as regulatory standards.
What Will Be the Market Growth Forecat for Transmission Fluids in 2029?
The market size for transmission fluids is anticipated to experience significant growth in the upcoming years, predicted to reach a value of $14.9 billion in 2029 with a compound annual growth rate (CAGR) of 9.8%. Factors contributing to this growth projected in the forecast period include the proliferation of electric vehicles, innovations in fluid technology, the global spread of automotive manufacturing, and a rise in vehicle longevity. Dominant trends predicted for the forecast period involve the increased usage of synthetic fluids, the advent of smart fluids and condition monitoring, the tailoring of fluids for a variety of applications, and collaborations and partnerships within the industry.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/transmission-fluids-global-market-report
What Are the Core Competitive Drivers in the Transmission Fluids Industry?
The escalating auto industry is set to act as a catalyst for the expansion of the transmission fluids market. The increase of auto industry's footprint worldwide is projected to stimulate the use of transmission, which aids in preventing hydraulic pump deterioration and gears getting stuck on neutral, causing vehicles to become immobile. In addition, the swift evolution of consumer attitudes and their desire for enhanced vehicle performance and dependability is leading to the heightened adoption of transmission fluids globally. As per the India Brand Equity Foundation (IBEF), the automotive industry in India is anticipated to hit $300 billion by 2026. As such, the swift progression of the auto industry is projected to command a need for transmission fluids throughout the predicted period.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6902&type=smp
Which Transmission Fluids Market Segment Is Projected to See the Fastest Growth?
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
Subsegments:
1) By Automatic Transmission Fluid (ATF): Dexron Series, Mercon Series, Multi-Vehicle ATF
2) By Manual Transmission Fluid (MTF): Gear Oil, Synthetic MTF, Conventional MTF
3) By CVT Fluid: CVT Fluid For Passenger Vehicles, CVT Fluid For Commercial Vehicles
4) By DCT Fluid: DCT Fluid for Passenger Vehicles, DCT Fluid for High-Performance Vehicles
Which Trends Are Opening New Opportunities in the Transmission Fluids Market?
Technological advancements are becoming a significant trend in the transmission fluids market. To stay competitive, primary players in the market are accentuating on the introduction of novel products. Castrol, a British oil and gas organization, for instance, unveiled the Castrol ON EV Transmission Fluid W2 and W5 in August 2024. These products are tailored for electric vehicles equipped with wet e-motors and are characterized by low-viscosity formulas that provide reduced electrical conductivity and heightened protection for e-motors. These fluids boost cooling and operational efficacy and adeptly deal with the high torque outputs produced by electric motors. This ensures top-tier performance and longevity across a range of vehicle applications.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=6902&type=smp
Who Are the Leaders in the Transmission Fluids Market?
Major companies operating in the transmission fluids market include 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
Which Regional Transmission Fluids Markets Offer the Greatest Growth Potential?
Asia-Pacific was the largest region in the transmission fluids market in 2024 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
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow 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
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
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 Analysis: $14.9 Billion by 2029 With a CAGR of 9.8% here
News-ID: 4281539 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
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…
