Transmission Fluids Market

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%. One of the key drivers of the transmission fluids market is the growth in automobile production and sales globally. The demand for regular maintenance, including the replacement of transmission fluid, increases as more vehicles enter the market to ensure the optimal performance and lifespan. This growth impacts various types of vehicles, such as heavy-duty, commercial, and passenger vehicles, all of which have distinct operational conditions and require different transmission fluids. Thus, the demand for transmission fluids offering improved lubricity, thermal stability continues to rise as vehicles become increasingly complex, driving the market growth.

Transmission Fluids Companies

The key players profiled in the report include ExxonMobil Corporation (US), Shell plc (UK), BP plc (UK), TotalEnergies SE (France), Chevron Corporation (US), Petroliam Nasional Berhad (PETRONAS) (Malaysia), FUCHS SE (Germany), Valvoline Inc. (US), LUKOIL (Russia), Motul (France), and others. These players have adopted various growth strategies to strengthen their position in the market. These include introducing new technologies, collaborations, partnerships, and product launches to acquire larger market shares.

To know about the assumptions considered for the study download the pdf brochure

Exxon Mobil Corporation is one of the leading manufacturers of transmission fluids. The company engages in the production, exploration, refining, and marketing of natural gas, petrochemicals, and oil. It has its geographical presence in North America, Asia Pacific, Europe, South America, and the Middle East & Africa, and it operates many manufacturing and research and development facilities globally. ExxonMobil's worldwide presence is complemented by its advanced production capabilities, extensive distribution network, and vertically integrated supply chain. Its commitment to innovation ensures the development of high-performance lubricants, particularly transmission fluids, through research and development. ExxonMobil is a leader in transmission fluids, with a wide portfolio of products, a strong brand reputation, and continuous innovation of synthetic fluids that meet different OEM requirements and evolving vehicle production worldwide.

Shell plc is a world-leading energy and petrochemicals company involved in oil and gas exploration, production, refining, and developing renewable energy alternatives. Based in the UK, its geographical presence is extensive worldwide. Its business model centers on sustainability, energy transition, and diversification of its portfolio of low-carbon and high-performance offerings. Shell is a leading player in the transmission fluids market, with its Shell Spirax transmission fluids that are engineered for better efficiency, protection, and fuel economy. The company’s focus on innovation and sustainability makes it a key player in the global transmission fluids market, meeting varied vehicle and industry requirements with its robust OEM relationships, broad distribution network, and ongoing R&D.

Related Reports:

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

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : 1-888-600-6441
[email protected]