What is Automotive Gear Lubrication?
Automotive gear oil is a lubricant designed specifically for automobile transmissions, transfer cases, and differentials, as well as other machinery. It has a high viscosity and is typically composed of organosulfur compounds. Some modern automatic transaxles (integrated transmission and differential) lubricate with a lower viscosity hydraulic fluid that is available at pressure within the automatic transmission. Most manual gearbox and differential lubricants contain extreme pressure (EP) and antiwear additives. Dithiocarbamate derivatives and sulfur-treated organic compounds are examples of common sulfurized hydrocarbons. EP additives containing phosphorus/sulfur compounds are corrosive to yellow metals such as copper and/or brass used in bushings and synchronizers. However, the GL-1 class of gear oils contains no EP additives and thus finds use in applications containing yellow metal parts. Backward compatibility of GL-4 oil is not always guaranteed. Because GL-5 has a lower coefficient of friction than GL-4 due to a higher concentration of EP additives, synchros cannot engage as effectively.
|Unit||Value (USD Million)|
|Key Companies Profiled||Exxon Mobil Corporation (United States), Royal Dutch Shell (United Kingdom), Chevron Corporation (United States), TOTAL (France), BP (United Kingdom), CNPC (China), Sinopec (China), FUCHS (Germany), LUKOIL (Russia) and CARL BECHEM GMBH (Germany)|
The study covers a detailed analysis segmented by key business segments i.e. by type (Minera Lubricant and Synthetic Lubricant) , by application (Passenger Vehicle and Commercial Vehicle) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Automotive Gear Lubrication market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Automotive Gear Lubrication market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Exxon Mobil Corporation (United States), Royal Dutch Shell (United Kingdom), Chevron Corporation (United States), TOTAL (France), BP (United Kingdom), CNPC (China), Sinopec (China), FUCHS (Germany), LUKOIL (Russia) and CARL BECHEM GMBH (Germany).
On 30th June 2022, Aker BP, a Norwegian oil and gas company, has announced that it expects to complete the acquisition of Lundin Energy's oil and gas business through a statutory merger today, creating the largest listed E&P Company focused solely on the Norwegian Continental Shelf (NCS).
An oil that serves as a coolant and reduces friction and wear between the moving parts of a reciprocating internal combustion engine. Vehicle motor oil refers to motor oil intended for use in light-to heavy-duty vehicles such as cars, sport utility vehicles, vans, trucks, buses, and off-road farming and construction equipment. The term recreational motor oil refers to motor oil designed for use in four-stroke cycle engines found in motorcycles, ATVs, and lawn and garden equipment. For the purposes of this regulation, motor oil also refers to engine oil.
The global automotive gear lubrication market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. The study examines the Multi-Purpose Automotive Gear Lubricant marketís competitive landscape and includes, ExxonMobil, South-western Petroleum Lubricants LLC, Amalie Oil Company, Phillips 66, AISIN, Texaco Lubricants (Chevron Corporation), Mystik Lubricants, LIQUI MOLY, CITGO Lubricants, LAT Racing Oils, & Others
Shift from Mono-Grade Oil to Multi-Grade Oil in the Vehicles and Increasing Automotive Gear Lubrication Sales of Automotive Vehicles
- Fluctuating Raw Material Prices
- High-Cost Expenses
- Demand for Automotive Engine Parts Has Increased Dramatically
Growing Demand for Engine Oil and Technological Advancement of Additives to Reduce Emission
Key highlights of the Global Automotive Gear Lubrication market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Automotive Gear Lubrication market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Automotive Gear Lubrication market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Automotive Gear Lubrication Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Gear Lubrication market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Automotive Gear Lubrication market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Automotive Gear Lubrication Manufacturers, Automotive Gear Lubrication Suppliers & Distributors, Government Bodies, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.