PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1320982
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1320982
Automotive Gear Oil Market Introduction and Overview
According to SPER market research, 'Automotive Gear Oil Market Size- By Type, By Product Type, By Vehicle Type, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033'state that the Automotive Gear Oil Market is predicted to reach USD 0.06 billion by 2033 with a CAGR of 2.13%.
Automobile transmissions, differentials, and transfer cases all need automotive gear oil, a specialised lubricant. It is essential to maintaining the effective and smooth operation of these parts, which oversee transmitting power from the engine to the wheels. To survive the high pressures and temperatures present in vehicle gear systems, gear oil is specially designed.
The Covid -19 pandemic has also affected this industry greatly. As Reduced vehicle use, a shift in consumer behaviour towards remote employment and less travel, and a reduction in travel contributed to a reduction in the need for maintenance, particularly gear oil replacements, during the COVID-19 pandemic.However, the car industry is seeing a resurgence in sales and production as economies recover and vaccine efforts advance.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Type, By Product Type, By Vehicle Type, By Application
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered Chevron Corporation, Exxon Mobil Corporation, Shell Global,Total Energies, BP plc, Fuchs Petrolub SE, Idemitsu Kosan Co., Ltd., Valvoline Inc., Others.
Automotive Gear Oil Market Segmentation:
By Type: Based on the Type, Global Automotive Gear Oil Market is segmented as; 40W
75W, 80W, 85W, 90W, Others.
By Product Type: Based on the Product Type, Global Automotive Gear Oil Market is segmented as; Mineral Gear Oil, Synthetic Gear Oil, Others.
By Vehicle Type: Based on the Vehicle Type, Global Automotive Gear Oil is segmented as; Heavy Commercial Vehicles, Light Commercial Vehicles, Off-Road Vehicles, Passenger Cars.
By Application: Based on the Application, Global Automotive Gear Oil is segmented as; Commercial Vehicles, Passenger Vehicles.
By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.