Automotive Gear Oil Market
Automotive Gear Oil Market Study by Mineral-based and Synthetic-based for Passenger Vehicles, Commercial Vehicles, and Two/Three Wheelers from 2024 to 2034
Analysis of Automotive Gear Oil Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Automotive Gear Oil Market Outlook (2024 to 2034)
According to a new Fact.MR study, the global automotive gear oil market size is projected to be valued at US$ 3.59 billion in 2024. Worldwide demand for automotive gear oil is forecasted to increase at 3.4% CAGR and reach a market value of US$ 5.01 billion by the end of 2034.
Noteworthy expansion of the automotive sector is set to positively impact demand for gear oil. Growing production and sales of vehicles are predicted to generate requirements for gear oil utilized in differentials, transmissions, and other gear systems. Further, the rising number of vehicles on the road around the world is predicted to increase demand for gear oils for the servicing and maintenance of these vehicles as periodic oil changes are essential for the effective functioning of vehicles.
Implementation of stringent economic standards and environmental regulations is forecasted to lead to the development of vehicles with improved efficiency and better performance. This gives rise to the need for regular oil changes to maintain the health of respective vehicles. Increased industrial activities and rapid urbanization in emerging economies generally result in the purchase of more vehicles, which subsequently pushes the demand for automotive gear oil.
Aftermarket distribution is forecasted to contribute significantly to overall automotive gear oil market growth. With aging vehicles, the requirements for maintenance, including changing gear oil, have become pivotal. In addition, modifications done in vehicle components, such as customization or performance enhancements are expected to contribute to market growth.
- Sales of automotive gear oil in East Asia are projected to increase at a CAGR of 4.4% and reach US$ 1.95 billion by the end of 2034.
- Demand for mineral-based oil is forecasted to rise at 3.9% CAGR from 2024 to 2034.
- Passenger vehicles are projected to account for 54.9% automotive gear oil market share by 2034.
Increasing adoption of electric vehicles (EVs) is also set to positively impact demand for automotive gear oil, as gear systems are present in these vehicles, which is projected to contribute to the expansion of the automotive gear oil market size.
| Report Attributes | Details |
|---|---|
| Automotive Gear Oil Market Size (2024E) | US$ 3.59 Billion |
| Forecasted Market Value (2034F) | US$ 5.01 Billion |
| Global Market Growth Rate (2024 to 2034) | 3.4% CAGR |
| North America Market Share (2024E) | 24.7% |
| Japan Market Growth Rate (2024 to 2034) | 5.2% CAGR |
| Mineral-based Oil Segment Market Share (2034F) | 63.4% |
| Key Companies Profiled |
|
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Automotive Gear Oil Market Growth Being Driven?
“Growing Sales of Automobiles Generating More Opportunities for Gear Oil Suppliers”
Expansion of the automotive sector along with technological advancements and rising demand for fuel-efficient and high-performance vehicles is predicted to generate demand for automotive gear oil across regions during the projected timeframe. Increasing sales of automobiles are attributed to the growing disposable income and positive economic outlook.
Increased need for high-performance heavy vehicles is attributed to the expansion of several sectors, including construction and mining. Developing countries around the world are predicted to generate growth opportunities for players with favorable demographics and an increasing middle-class population, which is projected to stimulate expenditure on leisure activities. These factors are cumulatively generating new horizons for the expansion of the market size.
Expanding manufacturing sector, technological advancements, and demographics with increased middle-class population with high spending capacity are some of the crucial factors contributing to growing demand for high-performance vehicles, subsequently increasing the sales of automotive gear oil.
Which Challenges Do Manufacturers Need to Overcome to Remain Competitive in the Market?
“Fluctuations in Prices of Raw Materials and High Maintenance Costs”
Constant fluctuations in the cost of raw materials are projected to directly impact the price of final products, therefore putting limitations on the demand for automotive gear oil. In addition, end users need to spend significantly on the replacement and maintenance of gear oil, which is an expensive affair.
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What Opportunities Await Startups in This Business Landscape?
“Focus on Investments in Technological Innovations to Produce Efficient Gear Oil”
Investments by startups are expected to lead to technological innovations, which will result in the development of more efficient automotive gear oil. Increasing sales of new vehicles and servicing and maintenance of existing vehicles are predicted to lead to an increased demand for periodic gear oil changes, therefore generating opportunities for new players in the market.
Country-wise Insights
Fact.MR, a market research and competitive intelligence provider, through its newly published analysis, asserts that East Asia is projected to account for 38.9% share of the global market by 2034-end. The dominance of the region is owing to the strong presence of prominent automotive companies. In addition, constant initiatives taken by regional governments to develop public transportation infrastructure are attracting automotive gear oil market trends in East Asia.
What’s Projected to Increase Sales of Automotive Gear Oil in the United States?
“Open Automotive Investment Policies and Focus on Innovation”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 754.7 Million |
| Growth Rate (2024 to 2034) | 2.3% CAGR |
| Projected Value (2034F) | US$ 945.2 Million |
The United States is projected to hold 84.2% of the North American market by 2034. An increasing number of R&D activities and innovations in the automotive sector is projected to influence market growth in this country. Further, these initiatives are projected to transform the automotive sector in the United States in the coming 10 years.
Millennials and Gen-Z are the prominent end users of different types of vehicles. Growing sales of vehicles along with the need for appropriate maintenance are resulting in increasing sales of automotive gear oil. Furthermore, a favorable production environment, available infrastructure, skilled workforce, and open investment policies are expected to generate lucrative opportunities for players in the United States.
What is Expected from the Market in China Over the Decade?
“Emphasis on Fleet Expansion and Growing Vehicle Ownership”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 1.03 Billion |
| Growth Rate (2024 to 2034) | 4.3% CAGR |
| Projected Value (2034F) | US$ 1.57 Billion |
China is forecasted to contribute 80.7% share of the market in East Asia by 2034. Infrastructural developments and continual urbanization are predicted to lead to an increased need for modes of transportation, which result in the modernization and expansion of fleets. The introduction of new vehicles and the presence of existing automobiles will drive demand for automotive gear oil.
With the increasing spending capacity of the Chinese population, demand for personal vehicles is set to increase going forward. Surging ownership of vehicles, such as heavy-duty trucks, passenger cars, and commercial vehicles, is predicted to drive the demand for automotive gear oil to maintain the gearboxes of these vehicles.
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Competitive landscape highlights only certain players
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Category-wise Insights
More fleet owners or individual vehicle owners are emphasizing the installation of improved and high-performance lubricants in their respective vehicles, which is further contributing to the demand for mineral-based gear oil, as per the market analysis published by Fact.MR.
Will Rising Sales of Passenger Vehicles Stimulate Demand for Automotive Gear Oil?
“Growing Awareness about Periodic Maintenance for Enhanced Vehicle Operation”
| Attribute | Passenger Vehicles |
|---|---|
| Segment Value (2024E) | US$ 2.08 Billion |
| Growth Rate (2024 to 2034) | 2.8% CAGR |
| Projected Value (2034F) | US$ 2.75 Billion |
Passenger vehicles are forecasted to account for 54.9% share of the global market by 2034. Passenger cars are a popular means of transportation across developed countries. Further, increasing per capita income is set to lead to a growing number of passenger vehicles across developing countries as well. The growing middle-class population and improving standard of living are pushing the demand for automobiles due to people’s growing spending capacity.
There is an increased need for automotive gear oil for the smooth running of passenger cars. Gear oil ensures the protection of components from friction and wear, thus assisting in smooth functioning. As car owners become more aware of the significance of maintenance, there is a noticeable rise in the demand for automotive gear oil.
Competitive Landscape
The market is fragmented fairly with the presence of some prominent players. This fragmentation offers high bargaining power to respective customers and creates a competitive environment. OEMs are offering model-specific oil according to the requirements of end users and minimizing CO2 emissions. They are investing in offering quality products, new developments, strengthening their supply chain management systems, etc.
For instance :
- Shell Midstream Partners, L. P., and Shell USA entered a partnership in July 2022 to execute their plan of a merger. The latter is expected to acquire common units representing the interest of a limited partner in SHLX, which were held by the public. This transaction was expected to be carried out by the fourth quarter of 2022.
Key players in the automotive gear oil market are ExxonMobil Corporation, Shell PLC, TOTAL S.A., BP PLC, FUCHS National Petroleum Corporation, ZF Friedrichshafen AG, China National Petroleum Corporation, Chevron Corporation, Valvoline LLC, Hindustan Petroleum Corporation Limited, Ferdinand Bilstein gmbH Co. KG, VIEROL AG, Elofic Industries Limited, and Hengst SE and Co. KG.
Segmentation of Automotive Gear Oil Market Research
-
By Source:
- Mineral-based
- Synthetic-based
-
By Vehicle Category:
- Passenger Vehicles
- Commercial Vehicles
- Two/Three Wheelers
-
By Transmission:
- Automatic
- Manual
-
By Distribution Channel:
- OEMs
- Aftermarket
-
By Region:
- North America
- Europe
- East Asia
- Latin America
- Middle East & Africa
- South Asia & Oceania
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background
- 4. Global Market Pricing Analysis
- 5. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034)
- 6. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Vehicle Category
- 6.1. Passenger Vehicles
- 6.2. Commercial Vehicles
- 6.3. Two/Three Wheelers
- 7. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Source
- 7.1. Mineral-based
- 7.2. Synthetic-based
- 8. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Transmission
- 8.1. Automatic
- 8.2. Manual
- 9. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Distribution Channel
- 9.1. OEMs
- 9.2. Aftermarket
- 10. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Region
- 10.1. North America
- 10.2. Europe
- 10.3. East Asia
- 10.4. South Asia
- 10.5. Latin America
- 10.6. Middle East & Africa (MEA)
- 10.7. Oceania
- 11. North America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia Market Analysis and Forecast
- 15. Latin America Market Analysis and Forecast
- 16. Middle East & Africa Market Analysis and Forecast
- 17. Oceania Market Analysis and Forecast
- 18. Global Market Analysis Key Countries
- 19. Competition Landscape
- 20. Competition Analysis
- 20.1. Exxon Mobil Corporation
- 20.2. Shell PLC
- 20.3. TOTAL S.A.
- 20.4. BP PLC
- 20.5. FUCHS National Petroleum Corporation
- 20.6. ZF Friedrichshafen AG
- 20.7. China National Petroleum Corporation
- 20.8. Chevron Corporation
- 20.9. Valvoline LLC
- 20.10. Hindustan Petroleum Corporation Limited
- 20.11. Ferdinand Bilstein GmbH Co. KG
- 20.12. VIEROL AG
- 20.13. Elofic Industries Limited
- 20.14. Hengst SE and Co. KG
- 21. Appendix
- 22. Definitions of Analytical Frameworks
- 23. Sources and References
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List Of Table
Table 01: Global Market by Vehicle Category, 2018 to 2034
Table 02: Global Market Value (US$ Mn), by Vehicle Category, 2018 to 2034
Table 03: Global Market by Booking Type, 2018 to 2034
Table 04: Global Market Value (US$ Mn), by Booking Type, 2018 to 2034
Table 05: Global Market by Transmission, 2018 to 2034
Table 06: Global Market Value (US$ Mn), by Transmission, 2018 to 2034
Table 07: Global Market by Distribution Channel, 2018 to 2034
Table 08: Global Market Value (US$ Mn), by Distribution Channel, 2018 to 2034
Table 09: Global Market by Region, 2018 to 2034
Table 10: Global Market Value (US$ Mn), by Region, 2018 to 2034
Table 11: North America Market by Vehicle Category, 2018 to 2034
Table 12: North America Market Value (US$ Mn), by Vehicle Category, 2018 to 2034
Table 13: North America Market by Booking Type, 2018 to 2034
Table 14: North America Market Value (US$ Mn), by Booking Type, 2018 to 2034
Table 15: North America Market by Transmission, 2018 to 2034
Table 16: North America Market Value (US$ Mn), by Transmission, 2018 to 2034
Table 17: North America Market by Distribution Channel, 2018 to 2034
Table 18: North America Market Value (US$ Mn), by Distribution Channel, 2018 to 2034
Table 19: North America Market by Country, 2018 to 2034
Table 20: North America Market Value (US$ Mn), by Country, 2018 to 2034
Table 21: Europe Market by Vehicle Category, 2018 to 2034
Table 22: Europe Market Value (US$ Mn), by Vehicle Category, 2018 to 2034
Table 23: Europe Market by Booking Type, 2018 to 2034
Table 24: Europe Market Value (US$ Mn), by Booking Type, 2018 to 2034
Table 25: Europe Market by Transmission, 2018 to 2034
Table 26: Europe Market Value (US$ Mn), by Transmission, 2018 to 2034
Table 27: Europe Market by Distribution Channel, 2018 to 2034
Table 28: Europe Market Value (US$ Mn), by Distribution Channel, 2018 to 2034
Table 29: Europe Market by Country, 2018 to 2034
Table 30: Europe Market Value (US$ Mn), by Country, 2018 to 2034
Table 31: East Asia Market by Vehicle Category, 2018 to 2034
Table 32: East Asia Market Value (US$ Mn), by Vehicle Category, 2018 to 2034
Table 33: East Asia Market by Booking Type, 2018 to 2034
Table 34: East Asia Market Value (US$ Mn), by Booking Type, 2018 to 2034
Table 35: East Asia Market by Transmission, 2018 to 2034
Table 36: East Asia Market Value (US$ Mn), by Transmission, 2018 to 2034
Table 37: East Asia Market by Distribution Channel, 2018 to 2034
Table 38: East Asia Market Value (US$ Mn), by Distribution Channel, 2018 to 2034
Table 39: East Asia Market by Country, 2018 to 2034
Table 40: East Asia Market Value (US$ Mn), by Country, 2018 to 2034
Table 41: South Asia Market by Vehicle Category, 2018 to 2034
Table 42: South Asia Market Value (US$ Mn), by Vehicle Category, 2018 to 2034
Table 43: South Asia Market by Booking Type, 2018 to 2034
Table 44: South Asia Market Value (US$ Mn), by Booking Type, 2018 to 2034
Table 45: South Asia Market by Transmission, 2018 to 2034
Table 46: South Asia Market Value (US$ Mn), by Transmission, 2018 to 2034
Table 47: South Asia Market by Distribution Channel, 2018 to 2034
Table 48: South Asia Market Value (US$ Mn), by Distribution Channel, 2018 to 2034
Table 49: South Asia Market by Country, 2018 to 2034
Table 50: South Asia Market Value (US$ Mn), by Country, 2018 to 2034
Table 51: Latin America Market by Vehicle Category, 2018 to 2034
Table 52: Latin America Market Value (US$ Mn), by Vehicle Category, 2018 to 2034
Table 53: Latin America Market by Booking Type, 2018 to 2034
Table 54: Latin America Market Value (US$ Mn), by Booking Type, 2018 to 2034
Table 55: Latin America Market by Transmission, 2018 to 2034
Table 56: Latin America Market Value (US$ Mn), by Transmission, 2018 to 2034
Table 57: Latin America Market by Distribution Channel, 2018 to 2034
Table 58: Latin America Market Value (US$ Mn), by Distribution Channel, 2018 to 2034
Table 59: Latin America Market by Country, 2018 to 2034
Table 60: Latin America Market Value (US$ Mn), by Country, 2018 to 2034
Table 61: Middle East and Africa Market by Vehicle Category, 2018 to 2034
Table 62: Middle East and Africa Market Value (US$ Mn), by Vehicle Category, 2018 to 2034
Table 63: Middle East and Africa Market by Booking Type, 2018 to 2034
Table 64: Middle East and Africa Market Value (US$ Mn), by Booking Type, 2018 to 2034
Table 65: Middle East and Africa Market by Transmission, 2018 to 2034
Table 66: Middle East and Africa Market Value (US$ Mn), by Transmission, 2018 to 2034
Table 67: Middle East and Africa Market by Distribution Channel, 2018 to 2034
Table 68: Middle East and Africa Market Value (US$ Mn), by Distribution Channel, 2018 to 2034
Table 69: Middle East and Africa Market by Country, 2018 to 2034
Table 70: Middle East and Africa Market Value (US$ Mn), by Country, 2018 to 2034
Table 71: Oceania Market by Vehicle Category, 2018 to 2034
Table 72: Oceania Market Value (US$ Mn), by Vehicle Category, 2018 to 2034
Table 73: Oceania Market by Booking Type, 2018 to 2034
Table 74: Oceania Market Value (US$ Mn), by Booking Type, 2018 to 2034
Table 75: Oceania Market by Transmission, 2018 to 2034
Table 76: Oceania Market Value (US$ Mn), by Transmission, 2018 to 2034
Table 77: Oceania Market by Distribution Channel, 2018 to 2034
Table 78: Oceania Market Value (US$ Mn), by Distribution Channel, 2018 to 2034
Table 79: Oceania Market by Country, 2018 to 2034
Table 80: Oceania Market Value (US$ Mn), by Country, 2018 to 2034
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List Of Figures
Fig 01: Global Market Value (US$) and Y-o-Y Growth, 2018 to 2034
Fig 02: Global Absolute $ Historical Market (2018 to 2023) and Absolute $ Opportunity (2024 to 2034), US$ Mn
Fig 03: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Fig 04: Global Market Incremental $ Opportunity (US$ Thousand), 2024 to 2034
Fig 05: Global Market Share, By Vehicle Category – 2024 to 2034
Fig 06: Global Market Y-o-Y Growth Projections, By Vehicle Category – 2024 to 2034
Fig 07: Global Market Attractiveness Index, By Vehicle Category – 2024 to 2034
Fig 08: Global Market Share, By Source– 2024 to 2034
Fig 09: Global Market Y-o-Y Growth Projections, By Source– 2024 to 2034
Fig 10: Global Market Attractiveness Index, By Source– 2024 to 2034
Fig 11: Global Market Share, By Transmission – 2024 to 2034
Fig 12: Global Market Y-o-Y Growth Projections, By Transmission – 2024 to 2034
Fig 13: Global Market Attractiveness Index, By Transmission – 2024 to 2034
Fig 14: Global Market Share, By Distribution Channel – 2024 to 2034
Fig 15: Global Market Y-o-Y Growth Projections, By Distribution Channel – 2024 to 2034
Fig 16: Global Market Attractiveness Index, By Distribution Channel – 2024 to 2034
Fig 17: Global Market Share, by Region – 2024 to 2034
Fig 18: Global Market Y-o-Y Growth Projections, by Region – 2024 to 2034
Fig 19: Global Market Attractiveness Index, by Region – 2024 to 2034
Fig 20: Y-o-Y Growth Comparison of Market: North America Vs North America Countries Vs North America Average
Fig 21: North America Market Share, By Vehicle Category – 2024 to 2034
Fig 22: North America Market Y-o-Y Growth Projections, By Vehicle Category – 2024 to 2034
Fig 23: North America Market Attractiveness Index, By Vehicle Category – 2024 to 2034
Fig 24: North America Market Share, By Source– 2024 to 2034
Fig 25: North America Market Y-o-Y Growth Projections, By Source– 2024 to 2034
Fig 26: North America Market Attractiveness Index, By Source– 2024 to 2034
Fig 27: North America Market Share, By Transmission – 2024 to 2034
Fig 28: North America Market Y-o-Y Growth Projections, By Transmission – 2024 to 2034
Fig 29: North America Market Attractiveness Index, By Transmission – 2024 to 2034
Fig 30: North America Market Share, By Distribution Channel – 2024 to 2034
Fig 31: North America Market Y-o-Y Growth Projections, By Distribution Channel – 2024 to 2034
Fig 32: North America Market Attractiveness Index, By Distribution Channel – 2024 to 2034
Fig 33: North America Market Share, By Country – 2024 to 2034
Fig 34: North America Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 35: North America Market Attractiveness Index, By Country – 2024 to 2034
Fig 36: Y-o-Y Growth Comparison of Market: Europe Vs Europe Countries Vs Europe Average
Fig 37: Europe Market Share, By Vehicle Category – 2024 to 2034
Fig 38: Europe Market Y-o-Y Growth Projections, By Vehicle Category – 2024 to 2034
Fig 39: Europe Market Attractiveness Index, By Vehicle Category – 2024 to 2034
Fig 40: Europe Market Share, By Source– 2024 to 2034
Fig 41: Europe Market Y-o-Y Growth Projections, By Source– 2024 to 2034
Fig 42: Europe Market Attractiveness Index, By Source– 2024 to 2034
Fig 43: Europe Market Share, By Transmission – 2024 to 2034
Fig 44: Europe Market Y-o-Y Growth Projections, By Transmission – 2024 to 2034
Fig 45: Europe Market Attractiveness Index, By Transmission – 2024 to 2034
Fig 46: Europe Market Share, By Distribution Channel – 2024 to 2034
Fig 47: Europe Market Y-o-Y Growth Projections, By Distribution Channel – 2024 to 2034
Fig 48: Europe Market Attractiveness Index, By Distribution Channel – 2024 to 2034
Fig 49: Europe Market Share, By Country – 2024 to 2034
Fig 50: Europe Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 51: Europe Market Attractiveness Index, By Country – 2024 to 2034
Fig 52: Y-o-Y Growth Comparison of Market: East Asia Vs East Asia Countries Vs East Asia Average
Fig 53: East Asia Market Share, By Vehicle Category – 2024 to 2034
Fig 54: East Asia Market Y-o-Y Growth Projections, By Vehicle Category – 2024 to 2034
Fig 55: East Asia Market Attractiveness Index, By Vehicle Category – 2024 to 2034
Fig 56: East Asia Market Share, By Source– 2024 to 2034
Fig 57: East Asia Market Y-o-Y Growth Projections, By Source– 2024 to 2034
Fig 58: East Asia Market Attractiveness Index, By Source– 2024 to 2034
Fig 59: East Asia Market Share, By Transmission – 2024 to 2034
Fig 60: East Asia Market Y-o-Y Growth Projections, By Transmission – 2024 to 2034
Fig 61: East Asia Market Attractiveness Index, By Transmission – 2024 to 2034
Fig 62: East Asia Market Share, By Distribution Channel – 2024 to 2034
Fig 63: East Asia Market Y-o-Y Growth Projections, By Distribution Channel – 2024 to 2034
Fig 64: East Asia Market Attractiveness Index, By Distribution Channel – 2024 to 2034
Fig 65: East Asia Market Share, By Country – 2024 to 2034
Fig 66: East Asia Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 67: East Asia Market Attractiveness Index, By Country – 2024 to 2034
Fig 68: Y-o-Y Growth Comparison of Market: South Asia Vs South Asia Countries Vs South Asia Average
Fig 69: South Asia Market Share, By Vehicle Category – 2024 to 2034
Fig 70: South Asia Market Y-o-Y Growth Projections, By Vehicle Category – 2024 to 2034
Fig 71: South Asia Market Attractiveness Index, By Vehicle Category – 2024 to 2034
Fig 72: South Asia Market Share, By Source– 2024 to 2034
Fig 73: South Asia Market Y-o-Y Growth Projections, By Source– 2024 to 2034
Fig 74: South Asia Market Attractiveness Index, By Source– 2024 to 2034
Fig 75: South Asia Market Share, By Transmission – 2024 to 2034
Fig 76: South Asia Market Y-o-Y Growth Projections, By Transmission – 2024 to 2034
Fig 77: South Asia Market Attractiveness Index, By Transmission – 2024 to 2034
Fig 78: South Asia Market Share, By Distribution Channel – 2024 to 2034
Fig 78: South Asia Market Y-o-Y Growth Projections, By Distribution Channel – 2024 to 2034
Fig 80: South Asia Market Attractiveness Index, By Distribution Channel – 2024 to 2034
Fig 81: South Asia Market Share, By Country – 2024 to 2034
Fig 82: South Asia Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 83: South Asia Market Attractiveness Index, By Country – 2024 to 2034
Fig 84: Y-o-Y Growth Comparison of Market: Latin America Vs Latin America Countries Vs Latin America Average
Fig 85: Latin America Market Share, By Vehicle Category – 2024 to 2034
Fig 86: Latin America Market Y-o-Y Growth Projections, By Vehicle Category – 2024 to 2034
Fig 87: Latin America Market Attractiveness Index, By Vehicle Category – 2024 to 2034
Fig 88: Latin America Market Share, By Source– 2024 to 2034
Fig 89: Latin America Market Y-o-Y Growth Projections, By Source– 2024 to 2034
Fig 90: Latin America Market Attractiveness Index, By Source– 2024 to 2034
Fig 91: Latin America Market Share, By Transmission – 2024 to 2034
Fig 92: Latin America Market Y-o-Y Growth Projections, By Transmission – 2024 to 2034
Fig 93: Latin America Market Attractiveness Index, By Transmission – 2024 to 2034
Fig 94: Latin America Market Share, By Distribution Channel – 2024 to 2034
Fig 95: Latin America Market Y-o-Y Growth Projections, By Distribution Channel – 2024 to 2034
Fig 96: Latin America Market Attractiveness Index, By Distribution Channel – 2024 to 2034
Fig 97: Latin America Market Share, By Country – 2024 to 2034
Fig 98: Latin America Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 99: Latin America Market Attractiveness Index, By Country – 2024 to 2034
Fig 100: Y-o-Y Growth Comparison of Market: MEA Vs MEA Countries Vs MEA Average
Fig 101: MEA Market Share, By Vehicle Category – 2024 to 2034
Fig 102: MEA Market Y-o-Y Growth Projections, By Vehicle Category – 2024 to 2034
Fig 103: MEA Market Attractiveness Index, By Vehicle Category – 2024 to 2034
Fig 104: MEA Market Share, By Source– 2024 to 2034
Fig 105: MEA Market Y-o-Y Growth Projections, By Source– 2024 to 2034
Fig 106: MEA Market Attractiveness Index, By Source– 2024 to 2034
Fig 107: MEA Market Share, By Transmission – 2024 to 2034
Fig 108: MEA Market Y-o-Y Growth Projections, By Transmission – 2024 to 2034
Fig 109: MEA Market Attractiveness Index, By Transmission – 2024 to 2034
Fig 110: MEA Market Share, By Distribution Channel – 2024 to 2034
Fig 111: MEA Market Y-o-Y Growth Projections, By Distribution Channel – 2024 to 2034
Fig 112: MEA Market Attractiveness Index, By Distribution Channel – 2024 to 2034
Fig 113: MEA Market Share, By Country – 2024 to 2034
Fig 114: MEA Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 115: MEA Market Attractiveness Index, By Country – 2024 to 2034
Fig 116: Y-o-Y Growth Comparison of Market: Oceania Vs Oceania Countries Vs Oceania Average
Fig 117: Oceania Market Share, By Vehicle Category – 2024 to 2034
Fig 118: Oceania Market Y-o-Y Growth Projections, By Vehicle Category – 2024 to 2034
Fig 119: Oceania Market Attractiveness Index, By Vehicle Category – 2024 to 2034
Fig 120: Oceania Market Share, By Source– 2024 to 2034
Fig 121: Oceania Market Y-o-Y Growth Projections, By Source– 2024 to 2034
Fig 122: Oceania Market Attractiveness Index, By Source– 2024 to 2034
Fig 123: Oceania Market Share, By Transmission – 2024 to 2034
Fig 124: Oceania Market Y-o-Y Growth Projections, By Transmission – 2024 to 2034
Fig 125: Oceania Market Attractiveness Index, By Transmission – 2024 to 2034
Fig 126: Oceania Market Share, By Distribution Channel – 2024 to 2034
Fig 127: Oceania Market Y-o-Y Growth Projections, By Distribution Channel – 2024 to 2034
Fig 128: Oceania Market Attractiveness Index, By Distribution Channel – 2024 to 2034
Fig 129: Oceania Market Share, By Country – 2024 to 2034
Fig 130: Oceania Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 131: Oceania Market Attractiveness Index, By Country – 2024 to 2034
Fig 132: United States Market share by Vehicle Category, 2023
Fig 133: United States Market share by Booking Type, 2023
Fig 134: United States Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 135: United States Market Share by Distribution Channel, 2023
Fig 136: Canada Market share by Vehicle Category, 2023
Fig 137: Canada Market share by Booking Type, 2023
Fig 138: Canada Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 139: Canada Market Share by Distribution Channel, 2023
Fig 140: Germany Market share by Vehicle Category, 2023
Fig 141: Germany Market share by Booking Type, 2023
Fig 142: Germany Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 143: Germany Market Share by Distribution Channel, 2023
Fig 144: United Kingdom Market share by Vehicle Category, 2023
Fig 145: United Kingdom Market share by Booking Type, 2023
Fig 146: United Kingdom Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 147: United Kingdom Market Share by Distribution Channel, 2023
Fig 148: France Market share by Vehicle Category, 2023
Fig 149: France Market share by Booking Type, 2023
Fig 150: France Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 151: France Market Share by Distribution Channel, 2023
Fig 152: Russia Market share by Vehicle Category, 2023
Fig 153: Russia Market share by Booking Type, 2023
Fig 154: Russia Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 155: Russia Market Share by Distribution Channel, 2023
Fig 156: Spain Market share by Vehicle Category, 2023
Fig 157: Spain Market share by Booking Type, 2023
Fig 158: Spain Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 159: Spain Market Share by Distribution Channel, 2023
Fig 160: Italy Market share by Vehicle Category, 2023
Fig 161: Italy Market share by Booking Type, 2023
Fig 162: Italy Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 163: Italy Market Share by Distribution Channel, 2023
Fig 164: China Market share by Vehicle Category, 2023
Fig 165: China Market share by Booking Type, 2023
Fig 166: China Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 167: China Market Share by Distribution Channel, 2023
Fig 168: Japan Market share by Vehicle Category, 2023
Fig 169: Japan Market share by Booking Type, 2023
Fig 170: Japan Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 171: Japan Market Share by Distribution Channel, 2023
Fig 172: South Korea Market share by Vehicle Category, 2023
Fig 173: South Korea Market share by Booking Type, 2023
Fig 174: South Korea Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 175: South Korea Market Share by Distribution Channel, 2023
Fig 176: India Market share by Vehicle Category, 2023
Fig 177: India Market share by Booking Type, 2023
Fig 178: India Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 179: India Market Share by Distribution Channel, 2023
Fig 180: Singapore Market share by Vehicle Category, 2023
Fig 181: Singapore Market share by Booking Type, 2023
Fig 182: Singapore Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 183: Singapore Market Share by Distribution Channel, 2023
Fig 184: Indonesia Market share by Vehicle Category, 2023
Fig 185: Indonesia Market share by Booking Type, 2023
Fig 186: Indonesia Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 187: Indonesia Market Share by Distribution Channel, 2023
Fig 188: Thailand Market share by Vehicle Category, 2023
Fig 189: Thailand Market share by Booking Type, 2023
Fig 190: Thailand Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 191: Thailand Market Share by Distribution Channel, 2023
Fig 192: Brazil Market share by Vehicle Category, 2023
Fig 193: Brazil Market share by Booking Type, 2023
Fig 194: Brazil Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 195: Brazil Market Share by Distribution Channel, 2023
Fig 196: Mexico Market share by Vehicle Category, 2023
Fig 197: Mexico Market share by Booking Type, 2023
Fig 198: Mexico Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 199: Mexico Market Share by Distribution Channel, 2023
Fig 200: Turkey Market share by Vehicle Category, 2023
Fig 201: Turkey Market share by Booking Type, 2023
Fig 202: Turkey Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 203: Turkey Market Share by Distribution Channel, 2023
Fig 204: GCC Countries Market share by Vehicle Category, 2023
Fig 205: GCC Countries Market share by Booking Type, 2023
Fig 206: GCC Countries Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 207: GCC Countries Market Share by Distribution Channel, 2023
Fig 208: South Africa Market share by Vehicle Category, 2023
Fig 209: South Africa Market share by Booking Type, 2023
Fig 210: South Africa Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 211: South Africa Market Share by Distribution Channel, 2023
Fig 212: Australia Market share by Vehicle Category, 2023
Fig 213: Australia Market share by Booking Type, 2023
Fig 214: Australia Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 215: Australia Market Share by Distribution Channel, 2023
Fig 216: New Zealand Market share by Vehicle Category, 2023
Fig 217: New Zealand Market share by Booking Type, 2023
Fig 218: New Zealand Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 219: New Zealand Market Share by Distribution Channel, 2023
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- FAQs -
What is the size of the automotive gear oil market in 2024?
The global automotive gear oil market is estimated at US$ 3.59 billion in 2024.
What is the projected demand valuation for automotive gear oil for 2034?
Demand for automotive gear oil is forecasted to reach a market value of US$ 5.01 billion by the end of 2034.
What is the forecasted growth rate of the global market?
The market is projected to expand at a CAGR of 3.4% from 2024 to 2034.
How much share of the global market is expected to held by East Asia?
East Asia is forecasted to account for 38.9% share of global market revenue by 2034.
At what rate are the sales of automotive gear oil projected to rise in Japan?
Sales of automotive gear oil in Japan are projected to increase at 5.2% CAGR from 2024 to 2034.
What is the projected demand valuation of automotive gear oil for passenger vehicles?
Sales of automotive gear oil for use in passenger vehicles are projected to reach US$ 2.75 billion by 2034.
Automotive Gear Oil Market