Automotive

Global Automotive Fluid Market

April 27, 2020
ID: SR/AU-17
Format:Pdf
Pages:220

Global Automotive Fluid Market- By fluid type (Engine oil, Radiator Fluid, Transmission Fluid, Power Steering Fluid, Brake Fluid, Air Conditioning Coolant/Refrigerants, Washer Fluid, Others (Oil Additives, Etc.), By Vehicle Type (Passenger Vehicle, Commercial Vehicle, Buses, Off road vehicles, two wheelers), By sales Channel (OEM, Aftermarket), and By Region (North America, Europe, Asia Pacific, South America, Middle East, & Africa)- Global forecast from 2020-2027.

Description

Global Automotive Fluid Overview

The automotive fluid is an oil specially used for an automatic transmission. Early automatic transmissions did not have a dedicated fluid but instead replaced with engine oil. As operating conditions and technical requirements vary widely, engine oils as an automatic transmission fluid quickly eliminated. The special fluid used in automatic transmissions today is not only the transmission oil of the torque converter but also the lubricating oil of the planetary gear structure and the hydraulic oil of the gear shifting device. The automotive transmission oil is generally replaced every 120,000 kilometers under normal driving conditions and every 60,000 kilometers under severe driving conditions.

Global Automotive Fluid Insights

The global automotive fluid market expected to fuel the market growth at a substantial CAGR in the forecast period from 2020-2027. Automotive fluid designs of each automatic transmission have different technical requirements. Even if the transmission of the same model configured in different models, its torque, weight, and speed, Structure, etc. will be different, so the original factory has its own designated special transmission oil. Different transmission oils are one of the reasons that affect the quality of shifting gears.

Moreover, the share of the automotive fluid market will increase in the forecast period owing to smooth engine performance, lower carbon emission fuel, boost fuel efficiency, and anti-clogging capability, also it has enhanced the operational life easy. Therefore, the automotive fluid market has not only increased its demand in the automotive sector but increase its application also.

Growth Driver

Allows undetectable gear shifts

The automotive fuel has enhanced the market share of the commercial vehicles and deriving the market positively. With undetectable gear shifting capabilities, comfortable to use, and quick change in the gear feature has attracted many consumers and will continue to increase the market share of the automotive industry in the forecast period as well.

Fuel efficiency

The automotive fuel market has less carbon emission property, and it also has a big transmission oil capacity. Even various new technologies like increased shift stages, slip control of the lock-up clutch and compact, and low-weight features designed for the vehicle so that they are fuel-efficient and also with upgraded physical features, frictional characteristics, and other tests done during fluid evaluation.

By Fluid type Segmental Analysis

Based on Fluid type, the global Automotive Fluid market segmented into Engine oil, Radiator Fluid, Transmission Fluid, Power Steering Fluid, Brake Fluid, Air Conditioning Coolant/Refrigerants, Washer Fluid, Others (Oil Additives, Etc. The brake fluid segment has dominated the market share of the worldwide automotive fluid market. It is owing to the safety of the vehicle while applying the brake to the car. Moreover, the significant role of brake fluid is to dissipate heat, transfer energy, and for lubrication. The faster the brakes respond, the more reliable the performance will be in every car.

Additionally, brake fluid contains premium additives and is therefore wholly rust proof. With the protection of brake fluid, the service life of the brake is longer, and the safety is higher in the long run. Under brake fluid, DOT5 is highly used owing to its higher boiling point and can handle the more elevated temperature. Therefore, demand for the brake fluid will propel the market growth of the automotive fluid in the forecast period as well.

By vehicle type Segmental Analysis

Based on the vehicle type, the global Automotive Fluid market classified into Passenger Vehicles, Commercial vehicles, Buses, Off-road vehicles, two-wheelers. The passenger vehicle segment has bolstered the market share for the global Automotive Fluid market. Due to the increasing population, demand for passenger cars has emerged globally. Moreover, with globalization, a large number of manufacturers are coming up with a new model of vehicles, and even small brands are now competing with international brands. Therefore, it gives lots of options to the consumers to choose the car of their choice. Thus, the passenger vehicle demand has fueled the market share of the automotive fluid market.

Sales channel Segmental Analysis

Based on the sales channel, the global Automotive Fluid market bifurcated into OEM and Aftermarket. The OEM segment has captured the largest share in the global Automotive Fluid market. The OEM is positively affecting the automotive market as it is incorporating less petroleum-based vehicles to avoid environmental hazards. Focusing on manufacturing low carbon emission vehicles, and with the advancement in technology has improved the demand for OEM in the automotive fluid market.

Region Segmental Analysis

Based on geography, the global Automotive Fluid market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific region has dominated the demand for the Automotive Fluid market. Owing to rising disposable income and increasing agriculture industry growth that has propelled the commercial vehicle segment and passenger vehicle need in the forecast period. Moreover, the growing population has increased the demand for the consumption of cars, and with the advance technology, transmission fuel, brake fuel has influenced the need for the automotive fluid market in the Asia Pacific region in the forecast period from 2020-2027.

Competitor Analysis

Companies such as Robert Bosch GmbH, Total S.A, BASF SE, Delian Group, Gulf Oil, ExxonMobil Castrol, Indian Oil Corporation Ltd, BP PLC, Royal Dutch Shell Plc, Lukoil, PJSC Gazprom, Chevron Corporation, and others are the key players in global Automotive Fluid market.

Key Stakeholders

Market research and consulting firms
Industry associations
Global Automotive Fluid manufacturing companies
Research organizations and consulting companies
Organizations, associations, and alliances related to Automotive Fluid
Regulatory bodies

The objective of the Research

Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Recent Developments

In 2018, Kongsberg Automotive fostered a high-temperature hose range for the automotive market. In addition, the company received an award from two-passenger car manufacturers for battery coolant lines.
In July 2019, Continental agreed with Merlett Group, situated in Daverio, Italy, to acquire its flexible hose business. Continental expanded its material expertise beyond rubber with this procurement, mainly about high-performance thermoplastics technologies and solutions.
In July 2020, Cooper Standard Holdings Inc. completed the divestiture of its European rubber fluid transfer and specialty sealing businesses and its Indian operations to Mutares SE & Co. KGaA. After this divestiture, the company will run 21 production facilities in 8 countries in Europe and 18 manufacturing facilities across China and Korea.

Scope of The Report

Report Attribute	Details
Market size value in 2020	USD 17.8 Billion
Revenue forecast in 2027	USD 28 Billion
Growth Rate	CAGR of 6.7% from 2020 to 2027
Historical data	2017-2019
Forecast period	2021 – 2027
Region covered	America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Robert Bosch GmbH, Total S.A, BASF SE, Delian Group, Gulf Oil, ExxonMobil Castrol, Indian Oil Corporation Ltd, BP PLC, Royal Dutch Shell Plc, Lukoil, PJSC Gazprom, Chevron Corporation

Market Modelling

By Fluid Type

Engine Oil
- Mineral Oil
- Synthetic oils
- Semi-synthetic oils
- High-mileage oil
Radiator Fluid
- Inorganic Additive Technology (IAT)
- Organic Acid Technology (OAT)
- Hybrid Organic Acid Technology (HOAT)
Transmission Fluid
- Multi-Vehicle Synthetic Transmission Fluid
- Continuously Variable Transmission (CVT) Fluid
- Automatic Transmission Fluids (ATF)
Power Steering Fluid
- Hydraulic Power Steering Fluid
- Electronic Power Steering (EPS)
Brake Fluid
- DOT3(glycol-based fluids)
- DOT4(glycol-based fluids)
- DOT5(silicon-based)
Air Conditioning Coolant/Refrigerants
Washer Fluid
Others (Oil Additives, Etc.)

By Vehicle Type

By Sales Channel

OEM
Aftermarket

By Region

Europe
North America
Asia Pacific
South America
Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What is the growth rate of the global automotive fluid market?

The global automotive fluid market was valued at USD 17.8 Billion in 2020 and projected to reach USD 28 Billion by 2027, growing at a CAGR of 6.7% during the forecast period, 2020-2027.

What is automotive fluid?

The automotive fluid is an oil specially used for automatic transmission. The special fluid used in automatic transmissions today is the transmission oil of the torque converter and the lubricating oil of the planetary gear structure, and the hydraulic oil of the gear shifting device.

What are the key driving factors for the global automotive fluid market?

The global automotive fluid market is expected to grow significantly due to growing awareness regarding the importance of vehicle maintenance, improving lubrication, and increasing brakes’ effectiveness.

What region has the largest share in the global automotive fluid market?

The Asia Pacific is highly lucrative in the global automotive fluid market. This is due to rising disposable income and increasing agriculture industry growth that has propelled the commercial vehicle segment and passenger vehicle need in the forecast period.

Who are the top key players in the global automotive fluid market?

Robert Bosch GmbH, Total S.A, BASF SE, Delian Group, Gulf Oil, ExxonMobil Castrol, Indian Oil Corporation Ltd, BP PLC, Royal Dutch Shell Plc, Lukoil, PJSC Gazprom, Chevron Corporation, and others are the key players in global automotive fluid market.

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