Transmission Fluid Temperature Sensor Market by Market  New Market Opportunities & Industry Development 
Global Transmission Fluids Market, By Type (Automatic Transmission Fluid, Manual Transmission Fluid, Others); By Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil) By End-user {Automotive (Passenger Vehicle, Commercial Vehicle), Off-Road Vehicle (Construction & Mining, Agriculture)} By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024 

Market Definition: Global Transmission Fluids Market

Transmission fluid is used in vehicles with self-shifting or automatic transmissions. It is typically colored red or green to distinguish it from motor oil and other fluids in the vehicle. The latest trend in this market is growing automotive industry in Asia-Pacific and technological advancements in this sector.

Market Analysis: Global Transmission Fluids Market

The global transmission fluids market accounted for USD 6.50 billion in 2016 and is projected to grow at a CAGR of 4.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Competitive Landscape: Global Transmission Fluids Market

The global transmission fluids market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Major Market Competitors: Global Transmission Fluids Market

Some of the major players in transmission fluids market include Afton Chemical Corporation, Amsoil Inc., BASF SE, BP PLC., Chevron Corporation, Evonik Industries AG, Exxon Mobil Corporation, Fuchs Petrolub SE, Gulf Oil Corporation, Idemitsu Kosan Co. Ltd., Lukoil, Millers Oil, Pennzoil, Petrochina Company Limited, Petroliam Nasional Berhad, Royal Dutch Shell PLC., Sinopec Limited, The Lubrizol Corporation, Total S.A., Valvoline (U.S.) and many more.
Major Market Drivers:
  • Growing automotive industry in Asia-Pacific
  • Technological advancements in the passenger vehicles sector
Market Restraint:
  • Market saturation of passenger vehicles in North America
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