Gear Oil Market

- Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025

  • Date July 2017
  • price $3619
 
 

A gear is a cogwheel or a rotating machine part, which has cut teeth or cogs that mesh with the other toothed part to transmit torque. Gear oil is a lubricant made specifically for transmissions, transfer cases, and differentials in automobiles, heavy vehicles, aircraft, ships, boats, and other industrial machinery. Gearboxes are expected to perform under conditions of high heat, high pressure, heavy loads, and in environments contaminated with process debris, chemicals, water, and dirt. This may cause gears to wear off prematurely resulting in machine downtime.

Gear oil has high thermal stability and shear stability, which makes way for superior wear protection. It not only reduces the friction and surface wearing, but also provides high resistance to extreme pressure, foam, rust & corrosion, and oxidation. It has high viscosity, which is necessary for enhanced performance and better transmission of oil throughout the gear chains. The American Petroleum Institute has standardized gear oil based on GL ratings. The higher the GL-rating the more pressure it can sustain.

Petroleum-based and synthetic gear oils are the common types of gear oils used in automotive, aerospace, and other industrial applications. Rapid industrialization in emerging economies such as India, Brazil, Mexico, and China has encouraged the end-use industries to use gear oil in more quantities, which is expected to foster the growth of this sector. According to the Asian Development Bank, Asia is estimated to invest $8-$9 trillion in infrastructure development between 2010 and 2020 to maintain its economy. This is expected to increase the consumption of gear oil in the construction sector.

The global gear oil market is classified on the basis of type, end-use industry, and geography. Based on type the market is segmented into petroleum based, synthetic, and others. On the basis of end-use industry, the market is segmented into industrial, automotive, marine, aerospace, construction, mining, and others. The geographic breakdown and deep analysis of each of the aforesaid segments have been covered for North America, Europe, Asia-Pacific, and LAMEA.

Market Dynamics:

Drivers:

  • Easy availability and low costs of petroleum-based gear oils
  • Rapid growth in the automotive industry
  • Increase in manufacturing industries in Asia-Pacific

Restraints:

  • Stringent environmental regulations

Market Players:

The top players in the global gear oil market are Lubrication Engineers Inc., Royal Dutch Shell Plc., Fuchs Lubricants Co., Chevron Corporation, Exxon Mobil Corporation (XOM), Saudi Arabian Oil Co., Hindustan Petroleum Corporation Limited, and China Petroleum & Chemical Corporation (Sinopec).

KEY TAKEAWAYS

MARKET LANDSCAPE

By Type

  • Petroleum-based
  • Synthetic
  • Others (Semi-Synthetic, and Bio-based)

By End-use Industry

  • Industrial
  • Automotive
  • Marine
  • Aerospace
  • Construction
  • Mining
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
1. Executive Summary
1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and Recent Industry Development Analysis
2. Introduction
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology
3. Market Landscape
3.1. Growth Drivers
3.1.1. Impact analysis
3.2. Restrains and Challenges
3.2.1. Impact analysis
3.3. Porters Analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of substitutes
3.3.4. Industry rivalry
3.3.5. Threat of new entrants
3.4. Global Gear Oil Market Shares Analysis, 20142025
3.4.1. Global gear oil market share by type, 20142025
3.4.2. Global gear oil market share by end-use industry, 20142025
3.4.3. Global gear oil market share by geography, 20142025
4. Market by Type
4.1. Petroleum Based
4.1.1. Historical market size by Region, 20142016
4.1.2. Market forecast by Region, 20172025
4.2. Synthetic
4.2.1. Historical market size by Region, 20142016
4.2.2. Market forecast by Region, 20172025
4.3. Others
4.3.1. Historical market size by Region, 20142016
4.3.2. Market forecast by Region, 20172025
5. Market by End-use Industry
5.1. Industrial
5.1.1. Historical market size by Region, 20142016
5.1.2. Market forecast by Region, 20172025
5.2. Automotive
5.2.1. Historical market size by Region, 20142016
5.2.2. Market forecast by Region, 20172025
5.3. Marine
5.3.1. Historical market size by Region, 20142016
5.3.2. Market forecast by Region, 20172025
5.4. Aerospace
5.4.1. Historical market size by Region, 20142016
5.4.2. Market forecast by Region, 20172025
5.5. Construction
5.5.1. Historical market size by Region, 20142016
5.5.2. Market forecast by Region, 20172025
5.6. Mining
5.6.1. Historical market size by Region, 20142016
5.6.2. Market forecast by Region, 20172025
5.7. Others
5.7.1. Historical market size by Region, 20142016
5.7.2. Market forecast by Region, 20172025
6. Market by Geography
6.1. North America
6.1.1. U.S.
6.1.1.1. Historical market size, 20142016
6.1.1.2. Market forecast, 20172025
6.1.2. Canada
6.1.2.1. Historical market size, 20142016
6.1.2.2. Market forecast, 20172025
6.1.3. Mexico
6.1.3.1. Historical market size, 20142016
6.1.3.2. Market forecast, 20172025
6.2. Europe
6.2.1. UK
6.2.1.1. Historical market size, 20142016
6.2.1.2. Market forecast, 20172025
6.2.2. Germany
6.2.2.1. Historical market size, 20142016
6.2.2.2. Market forecast, 20172025
6.2.3. France
6.2.3.1. Historical market size, 20142016
6.2.3.2. Market forecast, 20172025
6.2.4. Spain
6.2.4.1. Historical market size, 20142016
6.2.4.2. Market forecast, 20172025
6.2.5. Italy
6.2.5.1. Historical market size, 20142016
6.2.5.2. Market forecast, 20172025
6.2.6. Rest of Europe
6.2.6.1. Historical market size, 20142016
6.2.6.2. Market forecast, 20172025
6.3. Asia-Pacific
6.3.1. China
6.3.1.1. Historical market size, 20142016
6.3.1.2. Market forecast, 20172025
6.3.2. Japan
6.3.2.1. Historical market size, 20142016
6.3.2.2. Market forecast, 20172025
6.3.3. India
6.3.3.1. Historical market size, 20142016
6.3.3.2. Market forecast, 20172025
6.3.4. Australia
6.3.4.1. Historical market size, 20142016
6.3.4.2. Market forecast, 20172025
6.3.5. South Korea
6.3.5.1. Historical market size, 20142016
6.3.5.2. Market forecast, 20172025
6.3.6. Rest of Asia-Pacific
6.3.6.1. Historical market size, 20142016
6.3.6.2. Market forecast, 20172025
6.4. LAMEA
6.4.1. Brazil
6.4.1.1. Historical market size, 20142016
6.4.1.2. Market forecast, 20172025
6.4.2. Saudi Arabia
6.4.2.1. Historical market size, 20142016
6.4.2.2. Market forecast, 20172025
6.4.3. South Africa
6.4.3.1. Historical market size, 20142016
6.4.3.2. Market forecast, 20172025
6.4.4. Rest of LAMEA
6.4.4.1. Historical market size, 20142016
6.4.4.2. Market forecast, 20172025
7. Company Profiles
7.1. Lubrication Engineers Inc
7.1.1. Overview
7.1.2. Financials and business segments
7.1.3. Recent developments
7.2. Royal Dutch Shell Plc.
7.2.1. Overview
7.2.2. Financials and business segments
7.2.3. Recent developments
7.3. Fuchs Lubricants Co.
7.3.1. Overview
7.3.2. Financials and business segments
7.3.3. Recent developments
7.4. Chevron Corporation
7.4.1. Overview
7.4.2. Financials and business segments
7.4.3. Recent developments
7.5. Exxon Mobil Corporation
7.5.1. Overview
7.5.2. Financials and business segments
7.5.3. Recent developments
7.6. Saudi Arabian Oil Co.
7.6.1. Overview
7.6.2. Financials and business segments
7.6.3. Recent developments
7.7. Hindustan Petroleum Corporation Limited
7.7.1. Overview
7.7.2. Financials and business segments
7.7.3. Recent developments
7.8. China Petroleum & Chemical Corporation
7.8.1. Overview
7.8.2. Financials and business segments
7.8.3. Recent developments
7.9. Idemitsu Kosan Co.
7.9.1. Overview
7.9.2. Financials and business segments
7.9.3. Recent developments
7.10. Fuchs Petrolub Se
7.10.1. Overview
7.10.2. Financials and business segments
7.10.3. Recent developments

List of Tables
Table 1. Gear Oil Market Value, by Type, 2014-2025, $million
Table 2. Gear Oil Market Volume, by Type, 2014-2025, Kilotons
Table 3. Gear Oil Market Value, by End-use Industry, 2014-2025, $million
Table 4. Gear Oil Market Volume, by End-use Industry, 2014-2025, Kilotons
Table 5. Gear Oil Market Value, by Region, 2014-2025, $million
Table 6. Gear Oil Market Volume, by Region, 2014-2025, Kilotons
Table 7. Petroleum-based Gear Oil Market Value, by Region, 2017-2025, $million
Table 8. Petroleum-based Gear Oil Market Volume, by Region, 2017-2025, Kilotons
Table 9. Synthetic Gear Oil Market Value, by Region, 2017-2025, $million
Table 10. Synthetic Gear Oil Market Volume, by Region, 2017-2025, Kilotons
Table 11. Other Gear Oil Market Value, by Region, 2017-2025, $million
Table 12. Other Gear Oil Market Volume, by Region, 2017-2025, Kilotons
Table 13. Gear Oil Market Value for Industrial, by Region, 2017-2025, $million
Table 14. Gear Oil Market Volume for Industrial, by Region, 2017-2025, Kilotons
Table 15. Gear Oil Market Value for Automotive, by Region, 2017-2025, $million
Table 16. Gear Oil Market Volume for Automotive, by Region, 2017-2025, Kilotons
Table 17. Gear Oil Market Value for Marine, by Region, 2017-2025, $million
Table 18. Gear Oil Market Volume for Marine, by Region, 2017-2025, Kilotons
Table 19. Gear Oil Market Value for Aerospace, by Region, 2017-2025, $million
Table 20. Gear Oil Market Volume for Aerospace, by Region, 2017-2025, Kilotons
Table 21. Gear Oil Market Value for Construction, by Region, 2017-2025, $million
Table 22. Gear Oil Market Volume for Construction, by Region, 2017-2025, Kilotons
Table 23. Gear Oil Market Value for Mining, by Region, 2017-2025, $million
Table 24. Gear Oil Market Volume for Mining, by Region, 2017-2025, Kilotons
Table 25. Gear Oil Market Value for Others, by Region, 2017-2025, $million
Table 26. Gear Oil Market Volume for Others, by Region, 2017-2025, Kilotons
Table 27. Gear Oil Market Value for North America, by Country, 2014-2025, $million
Table 28. Gear Oil Market Volume for North America, by Country, 2014-2025, Kilotons
Table 29. Gear Oil Market Value for North America, by Type, 2014-2025, $million
Table 30. Gear Oil Market Volume for North America, by Type, 2014-2025, Kilotons
Table 31. Gear Oil Market Value for North America, by End-use Industry, 2014-2025, $million
Table 32. Gear Oil Market Volume for North America, by End-use Industry, 2014-2025, Kilotons
Table 33. Gear Oil Market Value for Europe, by Country, 2014-2025, $million
Table 34. Gear Oil Market Volume for Europe, by Country, 2014-2025, Kilotons
Table 35. Gear Oil Market Value for Europe, by Type, 2014-2025, $million
Table 36. Gear Oil Market Volume for Europe, by Type, 2014-2025, Kilotons
Table 37. Gear Oil Market Value for Europe, by End-use Industry, 2014-2025, $million
Table 38. Gear Oil Market Volume for Europe, by End-use Industry, 2014-2025, Kilotons
Table 39. Gear Oil Market Value for Asia-Pacific, by Country, 2014-2025, $million
Table 40. Gear Oil Market Volume for Asia-Pacific, by Country, 2014-2025, Kilotons
Table 41. Gear Oil Market Value for Asia-Pacific, by Type, 2014-2025, $million
Table 42. Gear Oil Market Volume for Asia-Pacific, by Type, 2014-2025, Kilotons
Table 43. Gear Oil Market Value for Asia-Pacific, by End-use Industry, 2014-2025, $million
Table 44. Gear Oil Market Volume for Asia-Pacific, by End-use Industry, 2014-2025, Kilotons
Table 45. Gear Oil Market Value for LAMEA, by Country, 2014-2025, $million
Table 46. Gear Oil Market Volume for LAMEA, by Country, 2014-2025, Kilotons
Table 47. Gear Oil Market Value for LAMEA, by Type, 2014-2025, $million
Table 48. Gear Oil Market Volume for LAMEA, by Type, 2014-2025, Kilotons
Table 49. Gear Oil Market Value for LAMEA, by End-use Industry, 2014-2025, $million
Table 50. Gear Oil Market Volume for LAMEA, by End-use Industry, 2014-2025, Kilotons
Table 51. Lubrication Engineers Inc - Company Snapshot
Table 52. Royal Dutch Shell Plc. - Company Snapshot
Table 53. Fuchs Lubricants Co. - Company Snapshot
Table 54. Chevron Corporation - Company Snapshot
Table 55. Exxon Mobil Corporation - Company Snapshot
Table 56. Saudi Arabian Oil Co. - Company Snapshot
Table 57. Hindustan Petroleum Corporation Limited - Company Snapshot
Table 58. China Petroleum & Chemical Corporation - Company Snapshot
Table 59. Idemitsu Kosan Co - Company Snapshot
Table 60. Fuchs Petrolub Se - Company Snapshot

List of Figures
Figure 1. Gear Oil: Segmentation
Figure 2. Top Investment Pockets, by End-use Industry
Figure 3. Top Winning Strategies
Figure 4. Bargaining Power of Suppliers
Figure 5. Bargaining Power of Buyers
Figure 6. Threat of New Entrants
Figure 7. Threat of Substitutes
Figure 8. Competitive Rivalry
Figure 9. Gear Oil Market Share, by Type, 2014-2025, (%)
Figure 10. Gear Oil Market Share, by End-use Industry, 2014-2025, (%)
Figure 11. Gear Oil: U.S. Market Value, 2014-2016, $million
Figure 12. Gear Oil: U.S. Market Value, 2017-2025, $million
Figure 13. Gear Oil: Canada Market Value, 2014-2016, $million
Figure 14. Gear Oil: Canada Market Value, 2017-2025, $million
Figure 15. Gear Oil: Mexico Market Value, 2014-2016, $million
Figure 16. Gear Oil: Mexico Market Value, 2017-2025, $million
Figure 17. Gear Oil: UK Market Value, 2014-2016, $million
Figure 18. Gear Oil: UK Market Value, 2017-2025, $million
Figure 19. Gear Oil: Germany Market Value, 2014-2016, $million
Figure 20. Gear Oil: Germany Market Value, 2017-2025, $million
Figure 21. Gear Oil: France Market Value, 2014-2016, $million
Figure 22. Gear Oil: France Market Value, 2017-2025, $million
Figure 23. Gear Oil: Spain Market Value, 2014-2016, $million
Figure 24. Gear Oil: Spain Market Value, 2017-2025, $million
Figure 25. Gear Oil: Italy Market Value, 2014-2016, $million
Figure 26. Gear Oil: Italy Market Value, 2017-2025, $million
Figure 27. Gear Oil: Rest of Europe Market Value, 2014-2016, $million
Figure 28. Gear Oil: Rest of Europe Market Value, 2017-2025, $million
Figure 29. Gear Oil: China Market Value, 2014-2016, $million
Figure 30. Gear Oil: China Market Value, 2017-2025, $million
Figure 31. Gear Oil: Japan Market Value, 2014-2016, $million
Figure 32. Gear Oil: Japan Market Value, 2017-2025, $million
Figure 33. Gear Oil: India Market Value, 2014-2016, $million
Figure 34. Gear Oil: India Market Value, 2017-2025, $million
Figure 35. Gear Oil: Australia Market Value, 2014-2016, $million
Figure 36. Gear Oil: Australia Market Value, 2017-2025, $million
Figure 37. Gear Oil: South Korea Market Value, 2014-2016, $million
Figure 38. Gear Oil: South Korea Market Value, 2017-2025, $million
Figure 39. Gear Oil: Rest of Asia-Pacific Market Value, 2014-2016, $million
Figure 40. Gear Oil: Rest of Asia-Pacific Market Value, 2017-2025, $million
Figure 41. Gear Oil: Brazil Market Value, 2014-2016, $million
Figure 42. Gear Oil: Brazil Market Value, 2017-2025, $million
Figure 43. Gear Oil: Saudi Arabia Market Value, 2014-2016, $million
Figure 44. Gear Oil: Saudi Arabia Market Value, 2017-2025, $million
Figure 45. Gear Oil: South Africa Market Value, 2014-2016, $million
Figure 46. Gear Oil: South Africa Market Value, 2017-2025, $million
Figure 47. Gear Oil: Rest of LAMEA Market Value, 2014-2016, $million
Figure 48. Gear Oil: Rest of LAMEA Market Value, 2017-2025, $million
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