Market Overview:
The global commercial vehicle transmission oil market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The growth of the market can be attributed to the increasing demand for commercial vehicles across the globe. The global commercial vehicle transmission oil market has been segmented on the basis of type, application and region. On the basis of type, manual transmission oil accounted for a major share in 2017 and is expected to maintain its dominance throughout the forecast period. However, automatic transmission oil is projected to exhibit highest CAGR over 2018-2030 owing to its growing demand from light commercial vehicles (LCVs). On the basis of application, LCVs accounted for majority share in 2017 and are anticipated witness highest CAGR over 2018-2030 owing rising demand from Asia Pacific region.
Product Definition:
Commercial Vehicle Transmission Oil is a type of engine oil specifically designed for use in commercial vehicles. It differs from other types of engine oil in that it has been formulated to provide better protection against wear and tear, and to withstand the higher temperatures that are typically found in commercial vehicle engines. Commercial Vehicle Transmission Oil is also less prone to viscosity loss at high temperatures, meaning it can provide better lubrication for longer periods of time.
Manual Transmission Oil:
Manual transmission oil is a product used to reduce friction between components in manual transmission vehicles. It also helps to provide better shifting characteristics and longer drain intervals between changes. The growth of the market for manual transmission oil can be attributed to factors such as increasing demand for automobiles from developing countries, technological advancements in automotive manufacturing, and stringent government regulations regarding vehicle emissions across the globe.
Automatic Transmission Oil:
Automatic transmission oil is formulated to carry out the work of a transmission in an automobile. It is also known as gear lubricant or torque convertor oil. The market for automatic transmission oils has been growing at a steady pace owing to its increasing usage in heavy-duty vehicles such as trucks and buses, which have high engine speeds and require more frequent changing of gears.
The global automatic transmission oil market was valued at USD 2,500 million in 2015.
Application Insights:
The light commercial vehicle application segment led the global market and accounted for more than 60.0% share of the overall revenue in 2017. The segment is likely to witness significant growth on account of increasing demand for trucks and buses in developing countries, such as China, India and Brazil. In addition, technological advancements related to engine management systems are expected to positively impact product demand over the forecast period.
Heavy commercial vehicles (HCVs) require a greater amount of transmission oil compared to that used by light Commercial Vehicles (CV).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large presence of OEMs, which are involved in developing advanced and efficient vehicles. This has resulted in high demand for commercial vehicle transmission oils across Asia Pacific countries such as China, India, Japan, South Korea and Australia.
The European market held a share of more than 20% in terms of revenue owing to growing automotive industry coupled with stringent government regulations regarding fuel economy ratio for light commercial vehicles (LCVs). In addition, increasing LCV production capacity by major manufacturers will boost product demand across Europe during the forecast period.
Latin America is anticipated to witness significant growth over the projected period on account of rising investments from international companies operating within Latin American countries such as Brazil and Argentina. These factors are anticipated to boost product sales volume across this region during the estimated time frame.
Growth Factors:
- Increasing demand for commercial vehicles due to rising urbanization and industrialization
- Growing awareness about the benefits of using commercial vehicle transmission oil among fleet operators and drivers
- Technological advancements in the design of commercial vehicles that require better quality transmission oils
- Stringent government regulations mandating use of high-quality transmission oils in commercial vehicles
- Rising demand for eco-friendly and low-viscosity transmission oils
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Vehicle Transmission Oil Market Research Report
By Type
Manual Transmission Oil, Automatic Transmission Oil
By Application
Light Commercial Vehicle, Heavy Commercial Vehicle, Other
By Companies
Shell, Exxon Mobil, BP, Total, Chevron Corporation, Valvoline, Sinopec Lubricant, CNPC, Petronas, Lukoil, Shell, FUCHS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Vehicle Transmission Oil Market Report Segments:
The global Commercial Vehicle Transmission Oil market is segmented on the basis of:
Types
Manual Transmission Oil, Automatic Transmission Oil
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Light Commercial Vehicle, Heavy Commercial Vehicle, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Shell
- Exxon Mobil
- BP
- Total
- Chevron Corporation
- Valvoline
- Sinopec Lubricant
- CNPC
- Petronas
- Lukoil
- Shell
- FUCHS
Highlights of The Commercial Vehicle Transmission Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Manual Transmission Oil
- Automatic Transmission Oil
- By Application:
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Vehicle Transmission Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Commercial vehicle transmission oil is a type of lubricant used in large trucks, buses, and other vehicles. It's designed to protect the gears and other parts of the transmission from wear and tear.
Some of the major players in the commercial vehicle transmission oil market are Shell, Exxon Mobil, BP, Total, Chevron Corporation, Valvoline, Sinopec Lubricant, CNPC, Petronas, Lukoil, Shell, FUCHS.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Vehicle Transmission Oil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commercial Vehicle Transmission Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Vehicle Transmission Oil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commercial Vehicle Transmission Oil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commercial Vehicle Transmission Oil Market Size & Forecast, 2018-2028
4.5.1 Commercial Vehicle Transmission Oil Market Size and Y-o-Y Growth
4.5.2 Commercial Vehicle Transmission Oil Market Absolute $ Opportunity
Chapter 5 Global Commercial Vehicle Transmission Oil Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Commercial Vehicle Transmission Oil Market Size Forecast by Type
5.2.1 Manual Transmission Oil
5.2.2 Automatic Transmission Oil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Commercial Vehicle Transmission Oil Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Commercial Vehicle Transmission Oil Market Size Forecast by Applications
6.2.1 Light Commercial Vehicle
6.2.2 Heavy Commercial Vehicle
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Vehicle Transmission Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Vehicle Transmission Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Commercial Vehicle Transmission Oil Analysis and Forecast
9.1 Introduction
9.2 North America Commercial Vehicle Transmission Oil Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Commercial Vehicle Transmission Oil Market Size Forecast by Type
9.6.1 Manual Transmission Oil
9.6.2 Automatic Transmission Oil
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Commercial Vehicle Transmission Oil Market Size Forecast by Applications
9.10.1 Light Commercial Vehicle
9.10.2 Heavy Commercial Vehicle
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Commercial Vehicle Transmission Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Commercial Vehicle Transmission Oil Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Commercial Vehicle Transmission Oil Market Size Forecast by Type
10.6.1 Manual Transmission Oil
10.6.2 Automatic Transmission Oil
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Commercial Vehicle Transmission Oil Market Size Forecast by Applications
10.10.1 Light Commercial Vehicle
10.10.2 Heavy Commercial Vehicle
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Commercial Vehicle Transmission Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Commercial Vehicle Transmission Oil Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Commercial Vehicle Transmission Oil Market Size Forecast by Type
11.6.1 Manual Transmission Oil
11.6.2 Automatic Transmission Oil
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Commercial Vehicle Transmission Oil Market Size Forecast by Applications
11.10.1 Light Commercial Vehicle
11.10.2 Heavy Commercial Vehicle
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Commercial Vehicle Transmission Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Commercial Vehicle Transmission Oil Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Commercial Vehicle Transmission Oil Market Size Forecast by Type
12.6.1 Manual Transmission Oil
12.6.2 Automatic Transmission Oil
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Commercial Vehicle Transmission Oil Market Size Forecast by Applications
12.10.1 Light Commercial Vehicle
12.10.2 Heavy Commercial Vehicle
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Commercial Vehicle Transmission Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Commercial Vehicle Transmission Oil Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Commercial Vehicle Transmission Oil Market Size Forecast by Type
13.6.1 Manual Transmission Oil
13.6.2 Automatic Transmission Oil
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Commercial Vehicle Transmission Oil Market Size Forecast by Applications
13.10.1 Light Commercial Vehicle
13.10.2 Heavy Commercial Vehicle
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Vehicle Transmission Oil Market: Competitive Dashboard
14.2 Global Commercial Vehicle Transmission Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Shell
14.3.2 Exxon Mobil
14.3.3 BP
14.3.4 Total
14.3.5 Chevron Corporation
14.3.6 Valvoline
14.3.7 Sinopec Lubricant
14.3.8 CNPC
14.3.9 Petronas
14.3.10 Lukoil
14.3.11 Shell
14.3.12 FUCHS
