Global Automotive Transmission Fluid Market 2018-2022

Below are some of the key findings from this automotive transmission fluid market analysis report

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Global automotive transmission fluid industry overview

The growing demand for SUVs and crossovers is driving the global automotive transmission fluid market. SUVs and crossovers provide a comfortable ride due to smooth suspension, and off-road capability. Moreover, the bulky body styling along with advanced driving features is also increasing the demand for these vehicles. With a growing demand for SUVs and crossovers, there has been an increase in the demand for automotive transmission fluids as well. This is because SUVs and crossovers have bigger transmission oil capacity, requiring larger transmission fluids to lubricate the transmission components, hence increasing its demand and driving the market.

Also, the growing use of automated manual transmission (AMT) system in commercial vehicles is positively impacting the global automotive transmission fluid market. AMT allows the driver to make quick and undetectable gear shifts, comfortable to use and improves fuel efficiency. As a result, the demand for transmission fluids that are compatible with the AMT system is continuously rising, which in turn, drives its market. The growing demand for SUVs and crossovers coupled with the use of the AMT system in commercial vehicles is driving the automotive transmission fluid market growth at a CAGR of more than 4% during the forecast period.

Top automotive transmission fluid companies covered in this report

The global automotive transmission fluid market is highly fragmented. To help clients improve their revenue shares in the market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this automotive transmission fluid market analysis report suggests strategies companies can follow and recommends key areas they should focus on, to make the most of upcoming growth opportunities.

The report offers a detailed analysis of several leading automotive transmission fluid companies, including:

• BP
• Chevron
• Exxon Mobil
• Shell
• Valvoline

 Automotive transmission fluid market segmentation based on application

• Passenger cars
• Commercial vehicles

Based on application, the passenger cars held a major share in the global automotive transmission fluid market in 2017. Although the market share of this segment will decrease, it will continue to dominate the market throughout the next five years.

Automotive transmission fluid market segmentation based on region

• The Americas
• APAC
• EMEA

APAC accounted for the largest automotive transmission fluid market share in 2017. This region will witness an increase in its market share and remain the market leader for the next five years.

Key highlights of the global automotive transmission fluid market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the automotive transmission fluid market during the next five years
• Precise estimation of the global automotive transmission fluid market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive transmission fluid industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of automotive transmission fluid companies

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