Transmission Fluids Market by Type (Automatic Transmission Fluids, Manual Transmission Fluids, Other Types), Base Oil (Mineral, Synthetic, Semi-Synthetic), End-Use Industry (Automotive, Off-Road Vehicle), and Region - Global Forecast to 2029
In terms of value, the transmission fluids market is estimated to grow from USD 15.67 billion in 2024 to USD 19.70 billion by 2029, at a CAGR of 4.7%. The increasing demand for automatic and hybrid vehicles is revolutionizing the transmission fluids industry, as such advanced systems require transmission fluids designed to suit their specific needs. Automatic transmissions and hybrid drivetrains demand fluids with specific attributes, including superior friction control, thermal stability, and energy efficiency in contrast to conventional manual transmissions. High-performance transmission fluids are in greater demand as people choose automatic and hybrid vehicles for their convenience, smoother driving, and fuel efficiency. Additionally, this evolution pushes producers to create novel formulations that fulfill the changing technological specifications of contemporary transmissions.
“Manual transmission fluids segment is expected to be the third fastest-growing type of the transmission fluids market, in terms of value, during the forecast period.”
One of the most important benefits of manual transmissions is that they are less expensive to maintain than the automatic systems. They contain fewer sophisticated components and are less susceptible to costly malfunctions or failures. This simplicity also applies to the transmission fluids employed, which are usually of longer service life and cheaper to replace. In areas where vehicle maintenance expenses are a major factor for consumers, this affordability enables consistent demand for manual transmission fluids, which will continue to be used across personal and commercial vehicles.
“Semi-synthetic oil is expected to be the second fastest-growing segment of the transmission fluids market, in terms of value, during the forecast period.”
Semi-synthetic transmission fluids fill the gap between mineral and full synthetic lubricants by providing longer drain intervals at a cost that is less than premium synthetic products. Their enhanced oxidation stability and thermal stability reduce oil degradation, enabling vehicles to run efficiently for longer intervals before fluid replacement is needed. This minimizes direct maintenance costs and indirect costs of vehicle downtime, which is especially advantageous to fleet operators handling multiple vehicles. This convergence of performance and affordability is responsible for their increasing popularity globally.
“Automotive industry is expected to be the fastest-growing segment of the transmission fluids market, in terms of value, during the forecast period.”
Urbanization has immensely boosted car ownership levels, especially in developing areas where increased incomes and better infrastructure make personal vehicles more affordable. As cities grow and populations shift to urban areas, the need for easy and dependable personal mobility increases, with a corresponding rise in the passenger car sales. In highly populated urban areas, congested stop-and-go traffic imposes additional stress on transmission systems, accelerating wear. This leads to an increased rate of fluid replacements and maintenance to provide seamless performance. This growing urban fleet of vehicles creates steady demand for transmissions fluids, cementing the automotive sector's market leadership.
“Middle East & Africa is projected to be the second-fastest growing region, in terms of value, during the forecast period in the transmission fluids market.”
The adverse climatic conditions in the Middle East & African region, especially the hot temperatures of Gulf nations and the dry desert climates of places such as parts of North Africa, pose considerable stress on the transmission systems of vehicles. The high ambient temperatures cause the degradation of transmission fluids at a faster rate, which results in poor lubrication efficiency, higher friction, and even overheating. This leads to more frequent fluid changes to keep the vehicle operating efficiently and avoid expensive repairs. This creates an increasing demand for heat-resistant, specialty transmission fluids designed to endure extreme temperatures, leading to durability and steady market expansion.
Research Coverage
This report segments the market for transmission fluids based on type, base oil, end-use industry, and region and provides estimations of value (USD Million) and volume (Million Liters) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, key strategies, associated with the market for transmission fluids.
Reasons to Buy this Report
This research report is focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the transmission fluids market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
“Manual transmission fluids segment is expected to be the third fastest-growing type of the transmission fluids market, in terms of value, during the forecast period.”
One of the most important benefits of manual transmissions is that they are less expensive to maintain than the automatic systems. They contain fewer sophisticated components and are less susceptible to costly malfunctions or failures. This simplicity also applies to the transmission fluids employed, which are usually of longer service life and cheaper to replace. In areas where vehicle maintenance expenses are a major factor for consumers, this affordability enables consistent demand for manual transmission fluids, which will continue to be used across personal and commercial vehicles.
“Semi-synthetic oil is expected to be the second fastest-growing segment of the transmission fluids market, in terms of value, during the forecast period.”
Semi-synthetic transmission fluids fill the gap between mineral and full synthetic lubricants by providing longer drain intervals at a cost that is less than premium synthetic products. Their enhanced oxidation stability and thermal stability reduce oil degradation, enabling vehicles to run efficiently for longer intervals before fluid replacement is needed. This minimizes direct maintenance costs and indirect costs of vehicle downtime, which is especially advantageous to fleet operators handling multiple vehicles. This convergence of performance and affordability is responsible for their increasing popularity globally.
“Automotive industry is expected to be the fastest-growing segment of the transmission fluids market, in terms of value, during the forecast period.”
Urbanization has immensely boosted car ownership levels, especially in developing areas where increased incomes and better infrastructure make personal vehicles more affordable. As cities grow and populations shift to urban areas, the need for easy and dependable personal mobility increases, with a corresponding rise in the passenger car sales. In highly populated urban areas, congested stop-and-go traffic imposes additional stress on transmission systems, accelerating wear. This leads to an increased rate of fluid replacements and maintenance to provide seamless performance. This growing urban fleet of vehicles creates steady demand for transmissions fluids, cementing the automotive sector's market leadership.
“Middle East & Africa is projected to be the second-fastest growing region, in terms of value, during the forecast period in the transmission fluids market.”
The adverse climatic conditions in the Middle East & African region, especially the hot temperatures of Gulf nations and the dry desert climates of places such as parts of North Africa, pose considerable stress on the transmission systems of vehicles. The high ambient temperatures cause the degradation of transmission fluids at a faster rate, which results in poor lubrication efficiency, higher friction, and even overheating. This leads to more frequent fluid changes to keep the vehicle operating efficiently and avoid expensive repairs. This creates an increasing demand for heat-resistant, specialty transmission fluids designed to endure extreme temperatures, leading to durability and steady market expansion.
- By Company Type: Tier 1 - 55%, Tier 2 - 25%, and Tier 3 - 20%
- By Designation: Managers - 30%, Director Level - 50%, and Others - 20%
- By Region: North America - 40%, Europe - 35%, Asia Pacific - 20%, RoW– 5%
Research Coverage
This report segments the market for transmission fluids based on type, base oil, end-use industry, and region and provides estimations of value (USD Million) and volume (Million Liters) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, key strategies, associated with the market for transmission fluids.
Reasons to Buy this Report
This research report is focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the transmission fluids market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on transmission fluids offered by top players in the global market
- Analysis of key drivers: (Expanding automotive industry, advancements in transmission technologies, implementation of stringent emission regulations, and growing vehicle longevity and expansion of aftermarket services), restraints (Fluctuating crude oil prices and environmental concerns and growing challenge of fluid disposal), opportunities (Rising demand for electric and hybrid vehicles, growing demand in emerging markets, and developments of fluids for autonomous vehicles), and challenges (Increasing complexity of modern transmission systems and competition from alternative lubricants) influencing the growth of transmission fluids market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the transmission fluids market
- Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for transmission fluids across regions
- Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global transmission fluids market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the transmission fluids market
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED AND REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.3.5 UNIT CONSIDERED
1.4 STAKEHOLDERS
1.5 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key primary participants
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
2.4 GROWTH FORECAST
2.4.1 SUPPLY-SIDE ANALYSIS
2.4.2 DEMAND-SIDE ANALYSIS
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN TRANSMISSION FLUIDS MARKET
4.2 TRANSMISSION FLUIDS MARKET, BY REGION
4.3 ASIA PACIFIC TRANSMISSION FLUIDS MARKET, BY END-USE INDUSTRY AND COUNTRY
4.4 REGIONAL TRANSMISSION FLUIDS MARKET, BY TYPE
4.5 TRANSMISSION FLUIDS MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Expanding automotive industry
5.2.1.2 Advancements in transmission technologies
5.2.1.3 Implementation of stringent emission regulations
5.2.1.4 Growing vehicle longevity and expansion of aftermarket services
5.2.2 RESTRAINTS
5.2.2.1 Fluctuating crude oil prices
5.2.2.2 Growing environmental concerns and challenge of fluid disposal
5.2.3 OPPORTUNITIES
5.2.3.1 Rising demand for electric and hybrid vehicles
5.2.3.2 Growing demand in emerging markets
5.2.3.3 Development of fluids for autonomous vehicles
5.2.4 CHALLENGES
5.2.4.1 Increasing complexity of modern transmission systems
5.2.4.2 Competition from alternative lubricants
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.4.2 BUYING CRITERIA
5.5 MACROECONOMIC INDICATORS
5.5.1 GDP TRENDS AND FORECAST OF MOST PROMINENT ECONOMIES
6 INDUSTRY TRENDS
6.1 SUPPLY CHAIN ANALYSIS
6.2 PRICING ANALYSIS
6.2.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION, 2023
6.2.2 AVERAGE SELLING PRICE TREND, BY REGION, 2021–2029
6.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.4 ECOSYSTEM ANALYSIS
6.5 TECHNOLOGY ANALYSIS
6.5.1 KEY TECHNOLOGIES
6.5.1.1 Synthetic fluid technology
6.5.1.2 Friction modifier technology
6.5.2 COMPLEMENTARY TECHNOLOGIES
6.5.2.1 Advanced transmission cooling systems
6.5.2.2 Additive package technology
6.6 CASE STUDY ANALYSIS
6.6.1 ECO-FRIENDLY TRANSMISSION FLUIDS: ADDRESSING ENVIRONMENTAL CHALLENGES THROUGH INNOVATION
6.6.2 ENHANCING TRANSMISSION FLUID COOLING EFFICIENCY IN MINI-CHANNEL HEAT EXCHANGERS
6.6.3 NON-NEWTONIAN BEHAVIOR OF AUTOMATIC TRANSMISSION FLUID AT
SUB-ZERO CONDITIONS: IMPROVING FILTER DESIGN ACCURACY
6.7 TRADE ANALYSIS
6.7.1 IMPORT SCENARIO (HS CODE 2710)
6.7.2 EXPORT SCENARIO (HS CODE 2710)
6.8 REGULATORY LANDSCAPE
6.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.8.2 REGULATORY FRAMEWORK
6.8.2.1 American Petroleum Institute (API) Standards for Transmission Fluids
6.8.2.2 Association des Constructeurs Europйens d'Automobiles (ACEA) Standards for Transmission Fluids
6.8.2.3 Japanese Automobile Standards Organization (JASO) Standards for Transmission Fluids
6.8.2.4 International Organization for Standardization (ISO) Standards for Transmission Fluids
6.8.2.5 EPA and Clean Air Act Standards for Transmission Fluids
6.9 KEY CONFERENCES AND EVENTS, 2025
6.10 INVESTMENT AND FUNDING SCENARIO
6.11 PATENT ANALYSIS
6.11.1 APPROACH
6.11.2 PATENT TYPES
6.11.3 TOP APPLICANTS
6.11.4 JURISDICTION ANALYSIS
6.12 IMPACT OF AI/GEN AI ON TRANSMISSION FLUIDS MARKET
7 TRANSMISSION FLUIDS MARKET, BY TYPE
7.1 INTRODUCTION
7.2 AUTOMATIC TRANSMISSION FLUIDS (ATFS)
7.2.1 DEVELOPMENTS IN TRANSMISSION FLUID TECHNOLOGY TO DRIVE MARKET
7.3 MANUAL TRANSMISSION FLUIDS (MTFS)
7.3.1 CONTINUOUS DEMAND FOR COMMERCIAL AND HEAVY-DUTY VEHICLES TO PROPEL MARKET
7.4 OTHER TYPES
7.4.1 DUAL-CLUTCH TRANSMISSION FLUIDS (DCTFS)
7.4.2 CONTINUOUSLY VARIABLE TRANSMISSION FLUIDS (CVTFS)
8 TRANSMISSION FLUIDS MARKET, BY BASE OIL
8.1 INTRODUCTION
8.2 MINERAL OIL
8.2.1 COST-EFFECTIVENESS AND AFFORDABILITY OF MINERAL OILS
TO DRIVE DEMAND
8.3 SYNTHETIC OIL
8.3.1 COMPATIBILITY OF SYNTHETIC OILS WITH ADVANCED TRANSMISSION TECHNOLOGIES TO BOOST DEMAND
8.4 SEMI-SYNTHETIC OIL
8.4.1 RISING REQUIREMENT FOR ENHANCING FUEL EFFICIENCY
TO DRIVE DEMAND
9 TRANSMISSION FLUIDS MARKET, BY ADDITIVE TYPE
9.1 INTRODUCTION
9.2 ANTI-FOAM & ANTI-RUST AGENTS
9.3 ANTIOXIDANTS
9.4 ANTI-WEAR AGENTS
9.5 DISPERSANTS
9.6 FRICTION MODIFIERS
9.7 POURPOINT DEPRESSANTS
10 TRANSMISSION FLUIDS MARKET, BY APPLICATION
10.1 INTRODUCTION
10.2 ORIGINAL EQUIPMENT (OE)
10.3 AFTERMARKET
11 TRANSMISSION FLUIDS MARKET, BY END-USE INDUSTRY
11.1 INTRODUCTION
11.2 AUTOMOTIVE
11.2.1 INCREASING VEHICLE PRODUCTION AND SALES TO FUEL DEMAND
11.2.1.1 Passenger vehicle
11.2.1.2 Commercial vehicle
11.3 OFF-ROAD VEHICLE
11.3.1 GROWING AGRICULTURAL MECHANIZATION TO DRIVE DEMAND
11.3.1.1 Construction & mining
11.3.1.2 Agriculture
12 TRANSMISSION FLUIDS MARKET, BY REGION
12.1 INTRODUCTION
12.2 ASIA PACIFIC
12.2.1 CHINA
12.2.1.1 Rising industrial growth to drive market
12.2.2 INDIA
12.2.2.1 Rising awareness regarding vehicle maintenance to fuel
market growth
12.2.3 JAPAN
12.2.3.1 Dynamic automotive sector to drive market
12.2.4 SOUTH KOREA
12.2.4.1 Highly developed manufacturing sector to drive market
12.3 EUROPE
12.3.1 GERMANY
12.3.1.1 Booming automotive industry to boost demand
12.3.2 FRANCE
12.3.2.1 Technological advancements in fluid formulations to drive market
12.3.3 ITALY
12.3.3.1 Popularity of manual transmission vehicles to boost market growth
12.3.4 UK
12.3.4.1 Growing investments in R&D to propel market
12.3.5 SPAIN
12.3.5.1 Increasing popularity of automatic transmission vehicles to
drive demand
12.4 NORTH AMERICA
12.4.1 US
12.4.1.1 Continuous population growth and improving living standards
to drive market
12.4.2 MEXICO
12.4.2.1 Rising demand for aftermarket maintenance services to drive market
12.4.3 CANADA
12.4.3.1 Industrial expansion to boost demand
12.5 MIDDLE EAST & AFRICA
12.5.1 IRAN
12.5.1.1 Expanding industrial base to drive market
12.5.2 SOUTH AFRICA
12.5.2.1 Growing mining sector to present immense growth opportunities
for market players
12.6 SOUTH AMERICA
12.6.1 BRAZIL
12.6.1.1 Expanding automotive industry to drive market
12.6.2 ARGENTINA
12.6.2.1 Growing adoption of modern transmissions to drive market
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
13.3 MARKET SHARE ANALYSIS
13.4 REVENUE ANALYSIS
13.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
13.5.1 STARS
13.5.2 EMERGING LEADERS
13.5.3 PERVASIVE PLAYERS
13.5.4 PARTICIPANTS
13.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
13.5.5.1 Company footprint
13.5.5.2 Region footprint
13.5.5.3 Type footprint
13.5.5.4 Base oil footprint
13.5.5.5 End-use industry footprint
13.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
13.6.1 PROGRESSIVE COMPANIES
13.6.2 RESPONSIVE COMPANIES
13.6.3 DYNAMIC COMPANIES
13.6.4 STARTING BLOCKS
13.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
13.6.5.1 Detailed list of key startups/SMEs
13.6.5.2 Competitive benchmarking of key startups/SMEs
13.7 BRAND/PRODUCT COMPARISON
13.8 COMPANY VALUATION AND FINANCIAL METRICS
13.9 COMPETITIVE SCENARIO
13.9.1 PRODUCT LAUNCHES
13.9.2 DEALS
14 COMPANY PROFILES
14.1 KEY PLAYERS
14.1.1 EXXON MOBIL CORPORATION
14.1.1.1 Business overview
14.1.1.2 Products/Solutions/Services offered
14.1.1.3 Recent developments
14.1.1.3.1 Product launches
14.1.1.4 MnM view
14.1.1.4.1 Key strengths/Right to win
14.1.1.4.2 Strategic choices
14.1.1.4.3 Weaknesses/Competitive threats
14.1.2 CHEVRON CORPORATION
14.1.2.1 Business overview
14.1.2.2 Products/Solutions/Services offered
14.1.2.3 Recent developments
14.1.2.3.1 Product launches
14.1.2.4 MnM view
14.1.2.4.1 Key strengths/Right to win
14.1.2.4.2 Strategic choices
14.1.2.4.3 Weaknesses/Competitive threats
14.1.3 SHELL PLC
14.1.3.1 Business overview
14.1.3.2 Products/Solutions/Services offered
14.1.3.3 Recent developments
14.1.3.3.1 Product launches
14.1.3.3.2 Deals
14.1.3.4 MnM view
14.1.3.4.1 Key strengths/Right to win
14.1.3.4.2 Strategic choices
14.1.3.4.3 Weaknesses/Competitive threats
14.1.4 TOTALENERGIES SE
14.1.4.1 Business overview
14.1.4.2 Products/Solutions/Services offered
14.1.4.3 Recent developments
14.1.4.3.1 Product launches
14.1.4.3.2 Deals
14.1.4.4 MnM view
14.1.4.4.1 Key strengths/Right to win
14.1.4.4.2 Strategic choices
14.1.4.4.3 Weaknesses/Competitive threats
14.1.5 BP P.L.C.
14.1.5.1 Business overview
14.1.5.2 Products/Solutions/Services offered
14.1.5.3 Recent developments
14.1.5.3.1 Product launches
14.1.5.3.2 Deals
14.1.5.4 MnM view
14.1.5.4.1 Key strengths/Right to win
14.1.5.4.2 Strategic choices
14.1.5.4.3 Weaknesses/Competitive threats
14.1.6 PETROLIAM NASIONAL BERHAD (PETRONAS)
14.1.6.1 Business overview
14.1.6.2 Products/Solutions/Services offered
14.1.6.3 Recent developments
14.1.6.3.1 Product launches
14.1.7 FUCHS SE
14.1.7.1 Business overview
14.1.7.2 Products/Solutions/Services offered
14.1.7.3 Recent developments
14.1.7.3.1 Product launches
14.1.8 VALVOLINE INC.
14.1.8.1 Business overview
14.1.8.2 Products/Solutions/Services offered
14.1.9 LUKOIL
14.1.9.1 Business overview
14.1.9.2 Products/Solutions/Services offered
14.1.9.3 Recent developments
14.1.9.3.1 Product launches
14.1.10 MOTUL
14.1.10.1 Business overview
14.1.10.2 Products/Solutions/Services offered
14.2 OTHER PLAYERS
14.2.1 ENEOS HOLDINGS, INC.
14.2.2 IDEMITSU KOSAN CO., LTD.
14.2.3 ENOC COMPANY
14.2.4 PETROLEO BRASILEIRO S.A. (PETROBRAS)
14.2.5 ENI S.P.A.
14.2.6 GAZPROMNEFT-SM LLC
14.2.7 GULF OIL INTERNATIONAL LTD.
14.2.8 PHILLIPS 66
14.2.9 INDIAN OIL CORPORATION LIMITED
14.2.10 COSMO OIL LUBRICANTS CO., LTD.
14.2.11 HINDUSTAN OIL CORPORATION LIMITED (HPCL)
14.2.12 AMALIE OIL CO.
14.2.13 KEMIPEX
14.2.14 PETRO-CANADA LUBRICANTS INC.
14.2.15 CRP INDUSTRIES INC.
15 ADJACENT AND RELATED MARKETS
15.1 INTRODUCTION
15.2 LIMITATIONS
15.3 AUTOMOTIVE TRANSMISSION MARKET
15.3.1 MARKET DEFINITION
15.3.2 MARKET OVERVIEW
15.4 AUTOMOTIVE TRANSMISSION MARKET, BY REGION
16 APPENDIX
16.1 DISCUSSION GUIDE
16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.3 CUSTOMIZATION OPTIONS
16.4 RELATED REPORTS
16.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED AND REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.3.5 UNIT CONSIDERED
1.4 STAKEHOLDERS
1.5 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key primary participants
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
2.4 GROWTH FORECAST
2.4.1 SUPPLY-SIDE ANALYSIS
2.4.2 DEMAND-SIDE ANALYSIS
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN TRANSMISSION FLUIDS MARKET
4.2 TRANSMISSION FLUIDS MARKET, BY REGION
4.3 ASIA PACIFIC TRANSMISSION FLUIDS MARKET, BY END-USE INDUSTRY AND COUNTRY
4.4 REGIONAL TRANSMISSION FLUIDS MARKET, BY TYPE
4.5 TRANSMISSION FLUIDS MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Expanding automotive industry
5.2.1.2 Advancements in transmission technologies
5.2.1.3 Implementation of stringent emission regulations
5.2.1.4 Growing vehicle longevity and expansion of aftermarket services
5.2.2 RESTRAINTS
5.2.2.1 Fluctuating crude oil prices
5.2.2.2 Growing environmental concerns and challenge of fluid disposal
5.2.3 OPPORTUNITIES
5.2.3.1 Rising demand for electric and hybrid vehicles
5.2.3.2 Growing demand in emerging markets
5.2.3.3 Development of fluids for autonomous vehicles
5.2.4 CHALLENGES
5.2.4.1 Increasing complexity of modern transmission systems
5.2.4.2 Competition from alternative lubricants
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.4.2 BUYING CRITERIA
5.5 MACROECONOMIC INDICATORS
5.5.1 GDP TRENDS AND FORECAST OF MOST PROMINENT ECONOMIES
6 INDUSTRY TRENDS
6.1 SUPPLY CHAIN ANALYSIS
6.2 PRICING ANALYSIS
6.2.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION, 2023
6.2.2 AVERAGE SELLING PRICE TREND, BY REGION, 2021–2029
6.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.4 ECOSYSTEM ANALYSIS
6.5 TECHNOLOGY ANALYSIS
6.5.1 KEY TECHNOLOGIES
6.5.1.1 Synthetic fluid technology
6.5.1.2 Friction modifier technology
6.5.2 COMPLEMENTARY TECHNOLOGIES
6.5.2.1 Advanced transmission cooling systems
6.5.2.2 Additive package technology
6.6 CASE STUDY ANALYSIS
6.6.1 ECO-FRIENDLY TRANSMISSION FLUIDS: ADDRESSING ENVIRONMENTAL CHALLENGES THROUGH INNOVATION
6.6.2 ENHANCING TRANSMISSION FLUID COOLING EFFICIENCY IN MINI-CHANNEL HEAT EXCHANGERS
6.6.3 NON-NEWTONIAN BEHAVIOR OF AUTOMATIC TRANSMISSION FLUID AT
SUB-ZERO CONDITIONS: IMPROVING FILTER DESIGN ACCURACY
6.7 TRADE ANALYSIS
6.7.1 IMPORT SCENARIO (HS CODE 2710)
6.7.2 EXPORT SCENARIO (HS CODE 2710)
6.8 REGULATORY LANDSCAPE
6.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.8.2 REGULATORY FRAMEWORK
6.8.2.1 American Petroleum Institute (API) Standards for Transmission Fluids
6.8.2.2 Association des Constructeurs Europйens d'Automobiles (ACEA) Standards for Transmission Fluids
6.8.2.3 Japanese Automobile Standards Organization (JASO) Standards for Transmission Fluids
6.8.2.4 International Organization for Standardization (ISO) Standards for Transmission Fluids
6.8.2.5 EPA and Clean Air Act Standards for Transmission Fluids
6.9 KEY CONFERENCES AND EVENTS, 2025
6.10 INVESTMENT AND FUNDING SCENARIO
6.11 PATENT ANALYSIS
6.11.1 APPROACH
6.11.2 PATENT TYPES
6.11.3 TOP APPLICANTS
6.11.4 JURISDICTION ANALYSIS
6.12 IMPACT OF AI/GEN AI ON TRANSMISSION FLUIDS MARKET
7 TRANSMISSION FLUIDS MARKET, BY TYPE
7.1 INTRODUCTION
7.2 AUTOMATIC TRANSMISSION FLUIDS (ATFS)
7.2.1 DEVELOPMENTS IN TRANSMISSION FLUID TECHNOLOGY TO DRIVE MARKET
7.3 MANUAL TRANSMISSION FLUIDS (MTFS)
7.3.1 CONTINUOUS DEMAND FOR COMMERCIAL AND HEAVY-DUTY VEHICLES TO PROPEL MARKET
7.4 OTHER TYPES
7.4.1 DUAL-CLUTCH TRANSMISSION FLUIDS (DCTFS)
7.4.2 CONTINUOUSLY VARIABLE TRANSMISSION FLUIDS (CVTFS)
8 TRANSMISSION FLUIDS MARKET, BY BASE OIL
8.1 INTRODUCTION
8.2 MINERAL OIL
8.2.1 COST-EFFECTIVENESS AND AFFORDABILITY OF MINERAL OILS
TO DRIVE DEMAND
8.3 SYNTHETIC OIL
8.3.1 COMPATIBILITY OF SYNTHETIC OILS WITH ADVANCED TRANSMISSION TECHNOLOGIES TO BOOST DEMAND
8.4 SEMI-SYNTHETIC OIL
8.4.1 RISING REQUIREMENT FOR ENHANCING FUEL EFFICIENCY
TO DRIVE DEMAND
9 TRANSMISSION FLUIDS MARKET, BY ADDITIVE TYPE
9.1 INTRODUCTION
9.2 ANTI-FOAM & ANTI-RUST AGENTS
9.3 ANTIOXIDANTS
9.4 ANTI-WEAR AGENTS
9.5 DISPERSANTS
9.6 FRICTION MODIFIERS
9.7 POURPOINT DEPRESSANTS
10 TRANSMISSION FLUIDS MARKET, BY APPLICATION
10.1 INTRODUCTION
10.2 ORIGINAL EQUIPMENT (OE)
10.3 AFTERMARKET
11 TRANSMISSION FLUIDS MARKET, BY END-USE INDUSTRY
11.1 INTRODUCTION
11.2 AUTOMOTIVE
11.2.1 INCREASING VEHICLE PRODUCTION AND SALES TO FUEL DEMAND
11.2.1.1 Passenger vehicle
11.2.1.2 Commercial vehicle
11.3 OFF-ROAD VEHICLE
11.3.1 GROWING AGRICULTURAL MECHANIZATION TO DRIVE DEMAND
11.3.1.1 Construction & mining
11.3.1.2 Agriculture
12 TRANSMISSION FLUIDS MARKET, BY REGION
12.1 INTRODUCTION
12.2 ASIA PACIFIC
12.2.1 CHINA
12.2.1.1 Rising industrial growth to drive market
12.2.2 INDIA
12.2.2.1 Rising awareness regarding vehicle maintenance to fuel
market growth
12.2.3 JAPAN
12.2.3.1 Dynamic automotive sector to drive market
12.2.4 SOUTH KOREA
12.2.4.1 Highly developed manufacturing sector to drive market
12.3 EUROPE
12.3.1 GERMANY
12.3.1.1 Booming automotive industry to boost demand
12.3.2 FRANCE
12.3.2.1 Technological advancements in fluid formulations to drive market
12.3.3 ITALY
12.3.3.1 Popularity of manual transmission vehicles to boost market growth
12.3.4 UK
12.3.4.1 Growing investments in R&D to propel market
12.3.5 SPAIN
12.3.5.1 Increasing popularity of automatic transmission vehicles to
drive demand
12.4 NORTH AMERICA
12.4.1 US
12.4.1.1 Continuous population growth and improving living standards
to drive market
12.4.2 MEXICO
12.4.2.1 Rising demand for aftermarket maintenance services to drive market
12.4.3 CANADA
12.4.3.1 Industrial expansion to boost demand
12.5 MIDDLE EAST & AFRICA
12.5.1 IRAN
12.5.1.1 Expanding industrial base to drive market
12.5.2 SOUTH AFRICA
12.5.2.1 Growing mining sector to present immense growth opportunities
for market players
12.6 SOUTH AMERICA
12.6.1 BRAZIL
12.6.1.1 Expanding automotive industry to drive market
12.6.2 ARGENTINA
12.6.2.1 Growing adoption of modern transmissions to drive market
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
13.3 MARKET SHARE ANALYSIS
13.4 REVENUE ANALYSIS
13.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
13.5.1 STARS
13.5.2 EMERGING LEADERS
13.5.3 PERVASIVE PLAYERS
13.5.4 PARTICIPANTS
13.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
13.5.5.1 Company footprint
13.5.5.2 Region footprint
13.5.5.3 Type footprint
13.5.5.4 Base oil footprint
13.5.5.5 End-use industry footprint
13.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
13.6.1 PROGRESSIVE COMPANIES
13.6.2 RESPONSIVE COMPANIES
13.6.3 DYNAMIC COMPANIES
13.6.4 STARTING BLOCKS
13.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
13.6.5.1 Detailed list of key startups/SMEs
13.6.5.2 Competitive benchmarking of key startups/SMEs
13.7 BRAND/PRODUCT COMPARISON
13.8 COMPANY VALUATION AND FINANCIAL METRICS
13.9 COMPETITIVE SCENARIO
13.9.1 PRODUCT LAUNCHES
13.9.2 DEALS
14 COMPANY PROFILES
14.1 KEY PLAYERS
14.1.1 EXXON MOBIL CORPORATION
14.1.1.1 Business overview
14.1.1.2 Products/Solutions/Services offered
14.1.1.3 Recent developments
14.1.1.3.1 Product launches
14.1.1.4 MnM view
14.1.1.4.1 Key strengths/Right to win
14.1.1.4.2 Strategic choices
14.1.1.4.3 Weaknesses/Competitive threats
14.1.2 CHEVRON CORPORATION
14.1.2.1 Business overview
14.1.2.2 Products/Solutions/Services offered
14.1.2.3 Recent developments
14.1.2.3.1 Product launches
14.1.2.4 MnM view
14.1.2.4.1 Key strengths/Right to win
14.1.2.4.2 Strategic choices
14.1.2.4.3 Weaknesses/Competitive threats
14.1.3 SHELL PLC
14.1.3.1 Business overview
14.1.3.2 Products/Solutions/Services offered
14.1.3.3 Recent developments
14.1.3.3.1 Product launches
14.1.3.3.2 Deals
14.1.3.4 MnM view
14.1.3.4.1 Key strengths/Right to win
14.1.3.4.2 Strategic choices
14.1.3.4.3 Weaknesses/Competitive threats
14.1.4 TOTALENERGIES SE
14.1.4.1 Business overview
14.1.4.2 Products/Solutions/Services offered
14.1.4.3 Recent developments
14.1.4.3.1 Product launches
14.1.4.3.2 Deals
14.1.4.4 MnM view
14.1.4.4.1 Key strengths/Right to win
14.1.4.4.2 Strategic choices
14.1.4.4.3 Weaknesses/Competitive threats
14.1.5 BP P.L.C.
14.1.5.1 Business overview
14.1.5.2 Products/Solutions/Services offered
14.1.5.3 Recent developments
14.1.5.3.1 Product launches
14.1.5.3.2 Deals
14.1.5.4 MnM view
14.1.5.4.1 Key strengths/Right to win
14.1.5.4.2 Strategic choices
14.1.5.4.3 Weaknesses/Competitive threats
14.1.6 PETROLIAM NASIONAL BERHAD (PETRONAS)
14.1.6.1 Business overview
14.1.6.2 Products/Solutions/Services offered
14.1.6.3 Recent developments
14.1.6.3.1 Product launches
14.1.7 FUCHS SE
14.1.7.1 Business overview
14.1.7.2 Products/Solutions/Services offered
14.1.7.3 Recent developments
14.1.7.3.1 Product launches
14.1.8 VALVOLINE INC.
14.1.8.1 Business overview
14.1.8.2 Products/Solutions/Services offered
14.1.9 LUKOIL
14.1.9.1 Business overview
14.1.9.2 Products/Solutions/Services offered
14.1.9.3 Recent developments
14.1.9.3.1 Product launches
14.1.10 MOTUL
14.1.10.1 Business overview
14.1.10.2 Products/Solutions/Services offered
14.2 OTHER PLAYERS
14.2.1 ENEOS HOLDINGS, INC.
14.2.2 IDEMITSU KOSAN CO., LTD.
14.2.3 ENOC COMPANY
14.2.4 PETROLEO BRASILEIRO S.A. (PETROBRAS)
14.2.5 ENI S.P.A.
14.2.6 GAZPROMNEFT-SM LLC
14.2.7 GULF OIL INTERNATIONAL LTD.
14.2.8 PHILLIPS 66
14.2.9 INDIAN OIL CORPORATION LIMITED
14.2.10 COSMO OIL LUBRICANTS CO., LTD.
14.2.11 HINDUSTAN OIL CORPORATION LIMITED (HPCL)
14.2.12 AMALIE OIL CO.
14.2.13 KEMIPEX
14.2.14 PETRO-CANADA LUBRICANTS INC.
14.2.15 CRP INDUSTRIES INC.
15 ADJACENT AND RELATED MARKETS
15.1 INTRODUCTION
15.2 LIMITATIONS
15.3 AUTOMOTIVE TRANSMISSION MARKET
15.3.1 MARKET DEFINITION
15.3.2 MARKET OVERVIEW
15.4 AUTOMOTIVE TRANSMISSION MARKET, BY REGION
16 APPENDIX
16.1 DISCUSSION GUIDE
16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.3 CUSTOMIZATION OPTIONS
16.4 RELATED REPORTS
16.5 AUTHOR DETAILS
