齒輪油的全球市場:現狀分析與預測(2022年～2028年)

Gear Oil Market: Current Analysis and Forecast (2022-2028)

出版日期: 2022年08月01日 | 出版商:

UnivDatos Market Insights Pvt Ltd | 英文 181 Pages | 商品交期: 最快1-2個工作天內

價格

簡介目錄

全球齒輪油的市場規模在預測期間內預計將以約2％大幅成長。近年來，由於汽車和工業部門的增長以及電力行業的需求增加，對齒輪油的需求急劇上升。

本報告提供全球齒輪油市場相關調查分析，提供市場規模與預測分析，主要趨勢和機會，企業簡介等資訊。

Global Gear Oil Market is expected to grow at a significant rate of around 2% during the forecast period. A Gear Oil is a lubricant specially designed for transmission, transfer case, and differential in automobiles, trucks, and other machinery. In recent years, the demand for gear oil has risen dramatically due to the rising growth in the automobile and industrial sector as well as the growing demand for the power industry. As gear oil is used to enhance the operation of the transmission system and to loosen wear and tear while offering better fuel economy. The demand for better fuel economy and power industry demand is significantly fulfilled by higher quality gear oil coupled with rising technological advancements to provide a better quality of gear are going to create lucrative opportunities for market growth of gear oil globally. For instance, In April 2022, Tata Motors announced plans to invest around USD 3.1 billion (INR 24,000 crores) in its passenger vehicle business over the next five years.

Shell plc, Exxon Mobil Corporation, Chevron Corporation, TOTAL S.A., Valvoline LLC, BP plc, FUCHS, Idemitsu Kosan Co. Ltd., PetroChina Company Limited, Sinopec Group are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies. For instance, In September 2021, the construction of a new fishing training ship that complies with international standards began in Taiwan and is expected to be completed in 2023. The government of Taiwan invested US$ 30.2 million (NT$ 840 million) for its construction which will drive the market growth of gear oil in Taiwan.

Insights Presented in the Report:

"Amongst base oil, mineral oil category to witness higher CAGR during the forecast period"

Based on base oil, the market is segmented into mineral oil, synthetic oil, semi-synthetic oil, and bio-based oil. The mineral oil category is to witness higher CAGR during the forecast period owing to its various applications such as air compressors, airline oilers, bearings, blowers, circulating systems, cranes, gearboxes, and hydraulics, industrial turbines, and vacuum pumps. Mineral Oil is being adopted to offer superior performance by reducing friction and power loss as well as managing temperature rise in the gearboxes. Furthermore, the entry of global players into emerging markets adds to the growth of the market of gear oil.

"Amongst end-user, power generation to hold a significant share in the market in 2020"

Based on end-user, the market is categorized into automotive, agriculture, power generation, metal & cement production, oil & gas, mining, and others. Among these, power generation to hold a significant share in the market in 2020. This is mainly due to the rapid growth in the increasing installed capacities of wind turbines every year. As gear oils have application in wind turbines for lubrication of the main gearbox and other gear motor components. For instance, India is likely to attract a huge investment of USD 145.5 billion (INR 1,155,652 crore) into the power generation sector by 2022, for setting up projects across the thermal, hydro, nuclear, and renewables segments which will drive the market growth of gear oil.

"Asia-Pacific to hold a significant share in the market"

In 2020, Asia-Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing industrial production, construction, and transportation activities taking place in developing countries such as India, and China. According to the World Steel Association, China is the world leader in crude steel production. For instance, in 2020, China's crude steel production was 1,064.8 million tons, up about 7% from 2019. In addition, in September 2021, Airbus and Tata Aircraft entered a partnership to build aircraft in India. Also, the development of new chemical industry plants in South Korea will benefit the growth of the country's chemical industry. For instance, in 2021, construction began on the Posco lithium hydroxide plant in South Korea to end by 2023. Furthermore, the consumption of power generation or electricity is increasing on daily basis in various regions. In September 2020, the expansion work of the gas power generation plant started for the Datan Power Plant in Taiwan will be completed by 2024. Therefore, the surging industrial sectors which include wind power, oil & gas, chemical, mining, steel, transportation, construction, and more are accelerating the gear oils market growth in the Asia-Pacific region.

Reasons to buy this report:

The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

The report presents a quick review of overall industry performance at one glance.

The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

Customization Options:

The global gear oil market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

1 MARKET INTRODUCTION

1.1. Market Definitions
1.2. Main Objective
1.3. Stakeholders
1.4. Limitation

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Gear Oil Market
2.2. Research Methodology of the Gear Oil Market
2.3. Respondent Profile

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 IMPACT OF COVID-19 ON THE GEAR OIL MARKET

6 GEAR OIL MARKET REVENUE (USD BN), 2020-2028F

7 MARKET INSIGHTS BY BASE OIL

7.1. Mineral
7.2. Synthetic
7.3. Semi-Synthetic
7.4. Bio-based

8 MARKET INSIGHTS BY END-USER

8.1. Automotive
8.2. Power Generation
8.3. Metal & Cement Production
8.4. Oil & Gas
8.5. Mining
8.6. Others

9 MARKET INSIGHTS BY REGION

9.1. North America
- 9.1.1. U.S.
- 9.1.2. Canada
- 9.1.3. Rest of North America
9.2. Europe
- 9.2.1. Germany
- 9.2.2. U.K.
- 9.2.3. France
- 9.2.4. Italy
- 9.2.5. Spain
- 9.2.6. Rest of Europe
9.3. Asia-Pacific
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. India
- 9.3.4. Rest of Asia-Pacific
9.4. Rest of World