888-776-0942 from 8 AM - 10 PM ET

DUBLIN , Aug. 8, 2022 /PRNewswire/ --  The 'Transmission Fluid Market - Global Outlook and Forecast 2022-2027' report has been added to ResearchAndMarkets.com's offering.

The global transmission fluid market is expected to grow at a CAGR of 5.15% during 2022-2027. Transmission fluid is a product that provides lubrication for the transmission assembly which consists of transmission, gearbox, and axle. It helps to reduce the friction and heat generated during the operation. As the gearbox runs at high speed it is necessary to provide good quality lubricant to avoid malfunction of the vehicle. Transmission fluid is essential to improve the vehicle's performance as the transmission transfers the power generated in the engine to the vehicle's wheels.

Therefore, transmission fluid is the critical component offering smooth functioning of the transmission assembly. When transmission assembly is in operation, transmission fluid acts as a lubricant and protects the many moving parts such as clutch, gearbox, propeller shaft, differential and axle, and live axle. The transmission fluid market changes as the customers demand better-performing lubricants to enhance the fuel economy and deliver better performance. Transmission fluids are manufactured from mineral oils derived from crude oil in the past.

However, as the automotive industry developed, the mineral oil-based transmission fluid could not perform as per the new engine and transmission requirements. Therefore, demand for synthetic oil-based transmission fluid and additives is increasing rapidly. Advancements in technology helped the transmission fluid industry cater to diverse needs such as increasing the shelf life of the transmission, reducing carbon footprint, improving fuel economy, supplying lubricants with low viscosity, and meeting the increasing vehicle emission standards. The growing use of passenger cars in emerging economies has fueled the transmission fluid market. The global transmission fluid market shipment is expected to grow at a CAGR of 4.16% during the forecast period.

TRANSMISSION FLUID MARKET SEGMENT ANALYSIS

1 Research Methodology 2 Research Objectives 3 Research Process 4 Scope & Coverage 5 Report Assumptions & Caveats 6 Executive Insights 7 Market at a Glance 9 Market Opportunities & Trends 10 Market Growth Enablers 11 Market Restraints 12 Market Landscape 13 Application 14 Oil Type 15 Geography 16 North America 17 Latin America 18 Middle East & Africa 19 Europe 20 Apac 21 Competitive Landscape 22 Key Company Profiles 23 Other Prominent Vendors 24 Report Summary 25 Quantitative Summary 26 Geography 27 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/hf6du2

Research and Markets Laura Wood , Senior Manager [email protected]

For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

Cision Distribution 888-776-0942 from 8 AM - 9 PM ET