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SOURCE Research and Markets
DUBLIN, October 6, 2017 /PRNewswire/ --
The "Transmission Fluids Market Analysis by Product Type (Automatic, Manual, Dual Clutch, Continuously Variable Transmission Fluids), by Application, Regional Outlook and Segment Forecasts, 2014 - 2025" report has been added to Research and Markets' offering.
The global transmission fluid market is expected to reach USD 11.96 billion by 2025, growing at a CAGR of 3.4%
Expanding automotive sector in emerging economies has driven lubricants consumption in several vehicle types. Growing consciousness regarding the advantages of technologically advanced lubricants is expected to boost product demand.
Growing consumer awareness regarding environment-friendly, low emission vehicles is expected to foster growth in the overall industry. Innovative fluids are being produced in line with the manufacturing units of the vehicles to cater to transitioning consumer demands of fuel efficient & high-performance vehicles.
Automotive and construction industries are expected to fuel such specialized lubricants demand. Heavy-duty vehicles are increasingly utilized for farming & building activities, in line with rising population levels across the globe. Growing spending on renovation and infrastructure are also conducive to industry growth.
Heavy-duty vehicles are expected to remain the dominant application with over 51% of the volume share in 2016. Heavy-duty vehicles such as tractors also require high-performance lubricants that deliver desired output for long-term agricultural activities. These require specialized manual transmission fluids (MTF), which are directly sourced to the gearbox and axles of heavy-duty vehicles.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Transmission Fluids Market Variables, Trends & Scope
Chapter 4 Transmission Fluids Market: Product Estimates & Trend Analysis
Chapter 5 Transmission Fluids Market: Application Estimates & Trend Analysis
Chapter 6 Transmission Fluids Market: Regional Estimates & Trend Analysis
Chapter 7 Competitive Landscape
Chapter 8 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/5654vq/transmission
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