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Gear Lubricant Market Size, Share & Growth | Forecast [2030]
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Gear Lubricant Market Size, Share & Growth | Forecast [2030]

Segments - Gear Lubricant Market by Base Oil (Mineral Oil, Synthetic Oil, and Bio-Based Oil), End-users (Construction & Mining, Metal Production, Cement Production, Power Generation, Automotive, Chemical, Oil & Gas, Textile, and Food Processing), and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

https://growthmarketreports.com/Riddhesh
Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-596 | 4.2 Rating | 82 Reviews | 135 Pages | Format : PDF Excel PPT

Report Description


The global gear lubricant market is projected to expand at a CAGR of 2.5% during the forecast period, 2021-2028. The growth of the market is attributed to the integration of advancing automobile technology, increasing demand from the wind energy systems, and rapid industrial growth in the Middle-East & Africa.

Gear lubricant contain organosulfur compounds and have high viscosity. It protects the gear equipment against unnecessary wear & tear and heat. These lubricants enable smooth operation in vehicles and machinery in industries, which increases their life and productivity. They are used in a wide range of applications such as manufacturing, mining, construction, heavy equipment, agriculture, metallurgy and metalworking, oil & gas, power generation, and transportation. Increasing expenditure for research and development activities to provide better quality of gear oils is anticipated to foster the market growth.

Global Gear Lubricant Market Key Takeaways

  • Rapid urbanization and rising demand for advanced equipment are driving the market growth.
  • The massive industrial growth in the Middle East & Africa and Asia Pacific regions coupled with the rising demand for gear oils from the automotive and power industries are some of the key factors driving the growth of the gear oil market during the forecast period.
  • Increasing consumption of electricity owing to rising construction activities and rising population is expected to positively influence the market growth.

Scope of Gear Lubricant Market Report

The report on the global gear lubricant market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Gear Lubricant Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Base Oil (Mineral Oil, Synthetic Oil, and Bio-Based Oil ) and End-users (Construction & Mining, Metal Production, Cement Production, Power Generation, Automotive, Chemical, Oil & Gas, Textile, and Food Processing)

Regional Scope

North America, Latin America, Europe, Asia Pacific and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

ExxonMobil Corporation, Royal Dutch Shell PLC, BP PLC, FUCHS, and Total SA

Global Gear Lubricant Market Segment Insights

Mineral oil segment to account a large market share

Based on base oil, the market is classified as mineral oil, synthetic oil, and bio-based oil. The mineral oil segment to account for a large market share during the forecast period. This is majorly attributed to its easy availability and low cost. However, the synthetic oil segment is expected to register a high CAGR during the forecast period owing to its advanced properties that expands its usage in various industries.

Global Gear Lubricant Market Base Oil

Construction & mining segment to exhibit a high CAGR

Based on end-users, the market is segmented into construction & mining, metal production, cement production, power generation, automotive, chemical, oil & gas, textile, and food processing. The construction & mining segment to exhibit a high CAGR during the forecast period. Increasing demand for lubricants in the construction industry owing to rapid urbanization is driving the segment growth.

Global Gear Lubricant Market End Users

Asia Pacific to account a significant market share

In terms of regions, the market is segregated into North America, Latin America, Europe, Asia Pacific and Middle East & Africa. The market in Asia Pacific is expected to account for a significant market share during the forecast period. Rapid industrialization in countries such as India and China owing to low production costs is driving the regional market growth.

Rising demand for automotive lubricants coupled with improvement in the road network in above-mentioned countries is expected to fuel the demand for gear lubricants in the region. The implementation of Western Development Plan in China has enhanced the production of the manufacturing industry in Western China, which is anticipated to further augment the regional market growth during the forecast period.

Segments

The global gear lubricant market has been segmented based on

Base Oil

  • Mineral Oil
  • Synthetic Oil
  • Bio-based Oil

End-users

  • Construction & Mining
  • Metal Production
  • Cement Production
  • Power Generation
  • Automotive
  • Chemical
  • Oil & Gas
  • Textile
  • Food Processing

Regions

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Key players

Competitive Landscape

The major players of the market are Royal Dutch Shell PLC, Exxon Mobil Corporation, BP PLC, Chevron Corporation, and Total SA.

ExxonMobil launched Mobil SHC Gear 320 WT, an advanced wind turbine lubricant, with a seven-year warranty. Meanwhile, Dana Holding Corp. launched Spicer XFE 75W-90, which is an axle lubricant aimed at improving drive axle efficiency and reducing fleet operating costs.

Companies are focusing on providing superior customer service to acquire a large consumer base. They are indulging in mergers and acquisitions to improve their product offerings.

Global Gear Lubricant Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Gear Lubricant Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Gear Lubricant Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Gear Lubricant Market - Supply Chain
  4.5. Global Gear Lubricant Market Forecast
     4.5.1. Gear Lubricant Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Gear Lubricant Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Gear Lubricant Market Absolute $ Opportunity
5. Global Gear Lubricant Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Gear Lubricant Market Size and Volume Forecast by End Users
     5.3.1. Construction & Mining
     5.3.2. Metal Production
     5.3.3. Cement Production
     5.3.4. Power Generation
     5.3.5. Automotive
     5.3.6. Chemical
     5.3.7. Oil & Gas
     5.3.8. Textile
     5.3.9. Food Processing
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Gear Lubricant Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Gear Lubricant Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Gear Lubricant Demand Share Forecast, 2019-2026
7. North America Gear Lubricant Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Gear Lubricant Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Gear Lubricant Market Size and Volume Forecast by End Users
     7.4.1. Construction & Mining
     7.4.2. Metal Production
     7.4.3. Cement Production
     7.4.4. Power Generation
     7.4.5. Automotive
     7.4.6. Chemical
     7.4.7. Oil & Gas
     7.4.8. Textile
     7.4.9. Food Processing
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Gear Lubricant Demand Share Forecast, 2019-2026
8. Latin America Gear Lubricant Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Gear Lubricant Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Gear Lubricant Market Size and Volume Forecast by End Users
     8.4.1. Construction & Mining
     8.4.2. Metal Production
     8.4.3. Cement Production
     8.4.4. Power Generation
     8.4.5. Automotive
     8.4.6. Chemical
     8.4.7. Oil & Gas
     8.4.8. Textile
     8.4.9. Food Processing
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Gear Lubricant Demand Share Forecast, 2019-2026
9. Europe Gear Lubricant Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Gear Lubricant Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Gear Lubricant Market Size and Volume Forecast by End Users
     9.4.1. Construction & Mining
     9.4.2. Metal Production
     9.4.3. Cement Production
     9.4.4. Power Generation
     9.4.5. Automotive
     9.4.6. Chemical
     9.4.7. Oil & Gas
     9.4.8. Textile
     9.4.9. Food Processing
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Gear Lubricant Demand Share Forecast, 2019-2026
10. Asia Pacific Gear Lubricant Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Gear Lubricant Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Gear Lubricant Market Size and Volume Forecast by End Users
     10.4.1. Construction & Mining
     10.4.2. Metal Production
     10.4.3. Cement Production
     10.4.4. Power Generation
     10.4.5. Automotive
     10.4.6. Chemical
     10.4.7. Oil & Gas
     10.4.8. Textile
     10.4.9. Food Processing
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Gear Lubricant Demand Share Forecast, 2019-2026
11. Middle East & Africa Gear Lubricant Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Gear Lubricant Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Gear Lubricant Market Size and Volume Forecast by End Users
     11.4.1. Construction & Mining
     11.4.2. Metal Production
     11.4.3. Cement Production
     11.4.4. Power Generation
     11.4.5. Automotive
     11.4.6. Chemical
     11.4.7. Oil & Gas
     11.4.8. Textile
     11.4.9. Food Processing
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Gear Lubricant Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Gear Lubricant Market: Market Share Analysis
  12.2. Gear Lubricant Distributors and Customers
  12.3. Gear Lubricant Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. ExxonMobil Corporation
     12.4.2. Royal Dutch Shell PLC
     12.4.3. BP PLC
     12.4.4. FUCHS
     12.4.5. Total SA

Methodology

Our Clients

Pfizer
Dassault Aviation
Deloitte
Honda Motor Co. Ltd.
Nestle SA
General Mills
The John Holland Group
General Electric