1. Market Research
  2. > Automotive
  3. > Motor Vehicle Market Trends
Gear Oil Market by Base Oil, End-Use Industry, Transportation, Region - Global Forecasts to 2022

Gear Oil Market: Global Forecasts until 2022

  • June 2017
  • 177 pages
  • ID: 4975544
In this report:
Asia-Pacific dominated the gear oil market with a share of ##.##%, in terms of value, of the global market in 2016 and is expected to continue so during the forecast period.
Asia-Pacific was the largest consumer of gear oil in 2016, with a market share of ##.##% (by value), and is expected to witness the highest CAGR during the forecast period.


Table of Contents

Search Inside

"The gear oil market is estimated to rise at a compound annual growth rate of ~2.7 percent during the forecast period between 2017 and 2022."

The gear oil market is forecasted to reach ~$8.6B by 2022, at a compound annual growth rate of ~2.7 percent between 2017 and 2022. The rise of the gear oil market is primarily due to the massive industrial increase taking place in the Middle East area & African continent and Asia-Pacific regions, along the increasing demand for gear oils from the power and automotive sectors. The factors restraining the increase of the gear oil market are the technological advancements and environmental regulations. The rise of the gear oil market is hampered by different regulatory guidelines issued by a number of governing bodies, which exert pressure on the manufacturers of gear oils to expand environment-friendly products. Additionally, technological improvements, including development of automatic transmission systems, portable and reduced size gear boxes, and hybrid electric vehicles, which consume less or no gear oil, are also anticipated to hinder the increase of the gear oil market during the estimate period.

"Among base oils, the mineral oil segment is estimated to result the gear oil market in 2017."

Among base oils, the mineral oil segment is estimated to result the gear oil market in 2017. Elements such as the easy availability of mineral oil-based gear oils as well as their low costs are forecast to steer the rise of the gear oil market during the outlook period. Furthermore, the increase of the mineral oil segment of the industry can be accredited to the raised demand for mineral oil-based gear oils from the Middle East (ME) & African continent and Asia-Pacific regions. Nevertheless, the mineral oil segment of the gear oil sectors in the North American and European regions is anticipated to grow at low CAGRs during the forecast period due to the slow economic increase in these areas.

"Among end-use markets, the general industrial segment is projected to dominate the gear oil market during the estimate period."

The general industrial segment is forecasted to dominate the gear oil market during the outlook period, owing to high demand for gear oils in distinct sectors. The general industrial segment of the gear oil market has been mostly classified into manufacturing, mining, construction, oil & gas, and agriculture, among others. The growth in the construction activities in the residential market of China and quick infrastructural developments taking place in India (IN) are anticipated to fuel the industry demand for gear oils in the construction industry between 2017 and 2022.

"The Asia-Pacific gear oil market is expected to grow at the highest compound annual growth rate (CAGR) between 2017 and 2022."

The Asia-Pac area is the biggest market for gear oils across the world. The growing disposable income of the middle-class population of the Asia-Pac region makes it an attractive market for gear oils. The tremendous rise in the industrial production and rised trade activities in the territory are primarily responsible for the high consumption of gear oils in the Asia Pacific (APAC) area, thereby fueling the increase of the Asia-Pacific gear oil market.

Breakdown of profiles of primary Q&A for the market research

• By Company category - Tier 1 - 30.0 percent, Tier 2 - 43.0 percent, and Tier 3 - 27.0 percent

• By Description - C-suite - 43.0 percent, D-level - 30.0 percent, and Others - 27.0 percent

• By Area - North America (NA) - 37.0 percent, EU - 23.0 percent, Asia Pacific (APAC) - 26.0 percent, and rest of the world - 14.0 percent

Some of the top firms decribed in this business report are Exxon Mobil (NYSE:XOM), Royal Dutch Shell plc, Chevron (NYSE:CVX), BP p.l.c. , Total S.A., PetroChina Company Limited, Sinopec Limited, LUKOIL, Fuchs Petrolub SE, and Idemitsu Kosan Co., Limited, among others.

Segment Research

The gear oil market has been split on the basis of base oil, end-user market, and area. On the basis of the base oil, the sector has been subsegmented into mineral oil, synthetic oil [polyalphaolefin, polyalkylene glycol, esters, and group III], semi-synthetic oil, and bio-based oil. Established on the end-use market, the industry has been classified into general industrial [manufacturing (power, metal, cement, and others), mining, construction, oil & gas, agriculture, and others (defense, port handling equipment, and forestry)], and transportation (automotive, marine, aviation, and railway). On the basis of area, the sector has been broken down into Asia-Pacific, Europe (EU), North America continent, Middle East (ME) & African continent, and South America region.

Key Benefits

This industry report includes the following studies:

• Market segmentation established on base oil, end-use sector, and area and their subsegments

• Market dynamics including drivers, market restraints, alternatives, and opportunities

• Value chain review

• Porter's five forces analysis with respect to the gear oil market

• Profile of the main market actors of the gear oil market

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Nicolas helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Global Automotive X-By-Wire Systems Market 2018-2022

Global Automotive X-By-Wire Systems Market 2018-2022

  • $ 2500
  • November 2018

About this marketPrognostics is the newly evolved form of automotive remote diagnostics with an intuitive software interface, which makes the work of the service technician easier and simpler. Though a ...

Global Polyethylene Market - Opportunities and Forecast (2013-2023)

Global Polyethylene Market - Opportunities and Forecast (2013-2023)

  • $ 2400
  • August 2018

Executive SummaryA comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the ...

Europe Advanced Driver Assistance Systems (ADAS) Market (2018-2023)

Europe Advanced Driver Assistance Systems (ADAS) Market (2018-2023)

  • $ 2499
  • September 2018

Europe advanced driver assistance systems (ADAS) marketADAS are systems that support, complement or substitute the driver of a vehicle. These systems help drivers to avoid collisions and accidents. It ...


Reportlinker.com © Copyright 2018. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on