What is Transmission Fluid Market Scope?
Transmission fluids are used to reduce friction among moving transmission parts used in automobiles, mining and construction industries. Of late, there has been focus on increasing the efficiency and reducing emission which result in rise in demand for transmission fluids. Also, there has been advancement in transmission fluid as its use in automotive industry continue to rise.
The Transmission Fluid market study is being classified by Type (Synthetic Oil, Mineral Oil and Others), by Application (Passenger Vehicle, Commercial Vehicle, Agriculture, Construction & Mining and Others) and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Transmission Fluid market throughout the predicted period.
Lubrizol (United States), BASF (Germany), Exxon Mobil (United States), Pennzoil (United States), Sinopec (China), Total (France), Evonik Industries (Germany) and Royal Dutch Shell (Netherlands) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are BP PLC (United Kingdom), Chevron Corporation (United States), Ford Motor Company (United States), General Motors Company (United States), Vinci SA (France) and Bechtel Corporation (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Transmission Fluid market by Type, Application and Region.
On the basis of geography, the market of Transmission Fluid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Market Trend
- Growing Focus on Reducing Emissions and Improving Fuel Economy
Market Drivers
- Growth in Automotive Industry Especially in Asia Pacific
- Increasing Use in Construction and Mining Industry
Opportunities
- Rapid Industrialization in Emerging Countries
- Growing Automotive Sales in Emerging Countries
Restraints
- Increasing Dominance of Local Players
- Availability of Counterfeit Transmission Fluid Products
Challenges
- Saturation of Automotive Industry in North America
- Producing Low Cost and EfficientTransmission Fluids
Key Target Audience
Transmission Fluid Manufacturers, Transmission Fluid Suppliers/Distributors, Raw Material Suppliers, Potential Investors, Service Providers, Market and Research Firms, Government Bodies and Others
Customization available in this Study:
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