Gear Oil Market Developments by 2031
The gear oil is a fluid lubricant used for reducing friction and wearing of gear tooth surfaces in gearboxes. The fluid is specifically made lubricant used in automobiles, trucks, and other machinery for transmission, transfer cases, differentials. Gear oil mainly has base oil and additives as two critical components. Additives in gear oil are introduced to impart desirable properties while suppressing the undesired ones. Gear Oil is highly viscous and usually consists of organosulfur compounds. It removes the heat generated by the operating gear and also protects the gear parts against corrosion.
MARKET DYNAMICS
The gear oil market is anticipated to grow in the forecast period owing to improvements in the quality of gear oil coupled with rising demands from the wind energy sector. Massive industrial growth in the developing nations and the growing automotive industry, in particular, has boosted the growth of the gear oil market. However, stringent environmental regulations and increased drain intervals in automotive and industrial sector restrict the growth of the gear oil market. On the other hand, semi-synthetic and zinc free gear oils are likely to showcase growth opportunities for the gear oil market during the forecast period.
MARKET SCOPE
The "Global Gear Oil Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of gear oil market with detailed market segmentation by type, end-use industry, and geography. The global gear oil market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading gear oil market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global gear oil market is segmented on the basis of type and end-use industry. Based on type, the market is segmented as mineral oil, synthetic oil, semi-synthetic oil, and bio-based oil. On the basis of the end-use industry, the market is segmented as power generation, automotive & transportation, heavy equipment, metallurgy & metalworking, and others.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global gear oil market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The gear oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting gear oil market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the gear oil market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global gear oil market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The gear oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting gear oil market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the gear oil market in these regions.
MARKET PLAYERSThe reports cover key developments in the gear oil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from gear oil market are anticipated to lucrative growth opportunities in the future with the rising demand for gear oil in the global market. Below mentioned is the list of few companies engaged in the gear oil market.
The report also includes the profiles of key gear oil companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- BP plc
- Chevron Corporation
- Exxon Mobil Corporation
- FUCHS
- Gazprom Neft PJSC
- Idemitsu Kosan Co.,Ltd.
- PJSC LUKOIL
- Shell International B.V.
- Sinopec Corp.
- Total S.A.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Gear Oil Market - By Base Oil
1.3.2 Gear Oil Market - By End-Use Industry
1.3.3 Gear Oil Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. GEAR OIL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. GEAR OIL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. GEAR OIL MARKET - GLOBAL MARKET ANALYSIS
6.1. GEAR OIL - GLOBAL MARKET OVERVIEW
6.2. GEAR OIL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GEAR OIL MARKET - REVENUE AND FORECASTS TO 2028 - BASE OIL
7.1. OVERVIEW
7.2. BASE OIL MARKET FORECASTS AND ANALYSIS
7.3. MINERAL OIL
7.3.1. Overview
7.3.2. Mineral Oil Market Forecast and Analysis
7.4. SYNTHETIC OIL
7.4.1. Overview
7.4.2. Synthetic Oil Market Forecast and Analysis
7.5. SEMI-SYNTHETIC OIL
7.5.1. Overview
7.5.2. Semi-Synthetic Oil Market Forecast and Analysis
7.6. BIO-BASED OIL
7.6.1. Overview
7.6.2. Bio-Based Oil Market Forecast and Analysis
8. GEAR OIL MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1. OVERVIEW
8.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. POWER GENERATION
8.3.1. Overview
8.3.2. Power Generation Market Forecast and Analysis
8.4. AUTOMOTIVE AND TRANSPORTATION
8.4.1. Overview
8.4.2. Automotive and Transportation Market Forecast and Analysis
8.5. HEAVY EQUIPMENT
8.5.1. Overview
8.5.2. Heavy Equipment Market Forecast and Analysis
8.6. METALLURGY AND METALWORKING
8.6.1. Overview
8.6.2. Metallurgy and Metalworking Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. GEAR OIL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Gear Oil Market Overview
9.1.2 North America Gear Oil Market Forecasts and Analysis
9.1.3 North America Gear Oil Market Forecasts and Analysis - By Base Oil
9.1.4 North America Gear Oil Market Forecasts and Analysis - By End-Use Industry
9.1.5 North America Gear Oil Market Forecasts and Analysis - By Countries
9.1.5.1 United States Gear Oil Market
9.1.5.1.1 United States Gear Oil Market by Base Oil
9.1.5.1.2 United States Gear Oil Market by End-Use Industry
9.1.5.2 Canada Gear Oil Market
9.1.5.2.1 Canada Gear Oil Market by Base Oil
9.1.5.2.2 Canada Gear Oil Market by End-Use Industry
9.1.5.3 Mexico Gear Oil Market
9.1.5.3.1 Mexico Gear Oil Market by Base Oil
9.1.5.3.2 Mexico Gear Oil Market by End-Use Industry
9.2. EUROPE
9.2.1 Europe Gear Oil Market Overview
9.2.2 Europe Gear Oil Market Forecasts and Analysis
9.2.3 Europe Gear Oil Market Forecasts and Analysis - By Base Oil
9.2.4 Europe Gear Oil Market Forecasts and Analysis - By End-Use Industry
9.2.5 Europe Gear Oil Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Gear Oil Market
9.2.5.1.1 Germany Gear Oil Market by Base Oil
9.2.5.1.2 Germany Gear Oil Market by End-Use Industry
9.2.5.2 France Gear Oil Market
9.2.5.2.1 France Gear Oil Market by Base Oil
9.2.5.2.2 France Gear Oil Market by End-Use Industry
9.2.5.3 Italy Gear Oil Market
9.2.5.3.1 Italy Gear Oil Market by Base Oil
9.2.5.3.2 Italy Gear Oil Market by End-Use Industry
9.2.5.4 United Kingdom Gear Oil Market
9.2.5.4.1 United Kingdom Gear Oil Market by Base Oil
9.2.5.4.2 United Kingdom Gear Oil Market by End-Use Industry
9.2.5.5 Russia Gear Oil Market
9.2.5.5.1 Russia Gear Oil Market by Base Oil
9.2.5.5.2 Russia Gear Oil Market by End-Use Industry
9.2.5.6 Rest of Europe Gear Oil Market
9.2.5.6.1 Rest of Europe Gear Oil Market by Base Oil
9.2.5.6.2 Rest of Europe Gear Oil Market by End-Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Gear Oil Market Overview
9.3.2 Asia-Pacific Gear Oil Market Forecasts and Analysis
9.3.3 Asia-Pacific Gear Oil Market Forecasts and Analysis - By Base Oil
9.3.4 Asia-Pacific Gear Oil Market Forecasts and Analysis - By End-Use Industry
9.3.5 Asia-Pacific Gear Oil Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Gear Oil Market
9.3.5.1.1 Australia Gear Oil Market by Base Oil
9.3.5.1.2 Australia Gear Oil Market by End-Use Industry
9.3.5.2 China Gear Oil Market
9.3.5.2.1 China Gear Oil Market by Base Oil
9.3.5.2.2 China Gear Oil Market by End-Use Industry
9.3.5.3 India Gear Oil Market
9.3.5.3.1 India Gear Oil Market by Base Oil
9.3.5.3.2 India Gear Oil Market by End-Use Industry
9.3.5.4 Japan Gear Oil Market
9.3.5.4.1 Japan Gear Oil Market by Base Oil
9.3.5.4.2 Japan Gear Oil Market by End-Use Industry
9.3.5.5 South Korea Gear Oil Market
9.3.5.5.1 South Korea Gear Oil Market by Base Oil
9.3.5.5.2 South Korea Gear Oil Market by End-Use Industry
9.3.5.6 Rest of Asia-Pacific Gear Oil Market
9.3.5.6.1 Rest of Asia-Pacific Gear Oil Market by Base Oil
9.3.5.6.2 Rest of Asia-Pacific Gear Oil Market by End-Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Gear Oil Market Overview
9.4.2 Middle East and Africa Gear Oil Market Forecasts and Analysis
9.4.3 Middle East and Africa Gear Oil Market Forecasts and Analysis - By Base Oil
9.4.4 Middle East and Africa Gear Oil Market Forecasts and Analysis - By End-Use Industry
9.4.5 Middle East and Africa Gear Oil Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Gear Oil Market
9.4.5.1.1 South Africa Gear Oil Market by Base Oil
9.4.5.1.2 South Africa Gear Oil Market by End-Use Industry
9.4.5.2 Saudi Arabia Gear Oil Market
9.4.5.2.1 Saudi Arabia Gear Oil Market by Base Oil
9.4.5.2.2 Saudi Arabia Gear Oil Market by End-Use Industry
9.4.5.3 U.A.E Gear Oil Market
9.4.5.3.1 U.A.E Gear Oil Market by Base Oil
9.4.5.3.2 U.A.E Gear Oil Market by End-Use Industry
9.4.5.4 Rest of Middle East and Africa Gear Oil Market
9.4.5.4.1 Rest of Middle East and Africa Gear Oil Market by Base Oil
9.4.5.4.2 Rest of Middle East and Africa Gear Oil Market by End-Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Gear Oil Market Overview
9.5.2 South and Central America Gear Oil Market Forecasts and Analysis
9.5.3 South and Central America Gear Oil Market Forecasts and Analysis - By Base Oil
9.5.4 South and Central America Gear Oil Market Forecasts and Analysis - By End-Use Industry
9.5.5 South and Central America Gear Oil Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Gear Oil Market
9.5.5.1.1 Brazil Gear Oil Market by Base Oil
9.5.5.1.2 Brazil Gear Oil Market by End-Use Industry
9.5.5.2 Argentina Gear Oil Market
9.5.5.2.1 Argentina Gear Oil Market by Base Oil
9.5.5.2.2 Argentina Gear Oil Market by End-Use Industry
9.5.5.3 Rest of South and Central America Gear Oil Market
9.5.5.3.1 Rest of South and Central America Gear Oil Market by Base Oil
9.5.5.3.2 Rest of South and Central America Gear Oil Market by End-Use Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. GEAR OIL MARKET, KEY COMPANY PROFILES
11.1. BP PLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CHEVRON CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. EXXON MOBIL CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FUCHS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GAZPROM NEFT PJSC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. IDEMITSU KOSAN CO.,LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PJSC LUKOIL
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SHELL INTERNATIONAL B.V.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SINOPEC CORP.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TOTAL S.A.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. BP plc
2. Chevron Corporation
3. Exxon Mobil Corporation
4. FUCHS
5. Gazprom Neft PJSC
6. Idemitsu Kosan Co.,Ltd.
7. PJSC LUKOIL
8. Shell International B. V.
9. Sinopec Corp.
10. Total S. A.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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