Transmission Fluids Market Report by Type (Automatic Transmission Fluid, Manual Transmission Fluid, and Others), Base Oil (Mineral Oil, Synthetic Oil, Semi-synthetic Oil), Application (Passenger and Commercial Vehicles, Off-Road Vehicles), and Region 2025-2033

Transmission Fluids Market Report by Type (Automatic Transmission Fluid, Manual Transmission Fluid, and Others), Base Oil (Mineral Oil, Synthetic Oil, Semi-synthetic Oil), Application (Passenger and Commercial Vehicles, Off-Road Vehicles), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A3500

Market Overview 2025-2033:

The global transmission fluids market size reached USD 8.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 10.9 Billion by 2033, exhibiting a growth rate (CAGR) of 2.77% during 2025-2033.

Report Attribute 
Key Statistics
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024
USD 8.4 Billion
Market Forecast in 2033
USD 10.9 Billion
Market Growth Rate 2025-2033 2.77%


Transmission fluid refers to a lubricant to facilitate speed and torque conversions from the engine to the wheels for optimum performance. The fluid lubricates the bearings and metallic components in the gearbox of the automobile and prevents them from wear and tear. Some of the commonly used transmission fluids include automatic, manual, specialty and synthetic transmission fluids. In comparison to the traditionally used lubricants, transmission fluids offer superior oxidation, thermal stability, minimal deposit formation, high viscosity index, resistance against rust and corrosion and compatibility with elastomers. As a result, they find extensive applications in passenger cars, construction vehicles and agricultural machinery to deliver optimum on-road performance and provide wear protection to transmission components.

The growing automotive industry across the globe represents one of the key factors creating a positive outlook on the market. Furthermore, shifting consumer preferences, along with the increasing demand for improved vehicle performance and reliability, is also driving the market growth. In line with this, transmission fluids are also used in off-road vehicles for improved valve operation, brake band friction and torque conversion. Additionally, various product innovations, such as the development of environment-friendly transmission fluids fortified with anti-wear additives and stable viscosity enhancers, are acting as other growth-inducing factors. These additives prevent oil film breakdown, provide a seamless gear shift mechanism and optimize the fuel economy of the vehicle. Other factors, including the rising expenditure capacities of the consumers, along with the utilization of transmission fluids as coolants in automobiles with automatic transmission, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global transmission fluids market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on type, base oil and application.

Breakup by Type:

  • Automatic Transmission Fluid
  • Manual Transmission Fluid
  • Others
     

Breakup by Base Oil:

  • Mineral Oil
  • Synthetic Oil
  • Semi-synthetic Oil
     

Breakup by Application:

  • Passenger and Commercial Vehicles
  • Off-Road Vehicles
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amsoil Inc., BASF SE, BP P.L.C., Chevron Corporation, Exxon Mobil Corporation, Fuchs Petrolub SE, Lubrizol Corporation, LukOil, PetroChina Company Limited (China National Petroleum Corporation), Petroliam Nasional Berhad, Royal Dutch Shell Plc and Total SE.

Report Coverage:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units  Billion USD
Segment Coverage Type, Base Oil, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Amsoil Inc., BASF SE, BP P.L.C., Chevron Corporation, Exxon Mobil Corporation, Fuchs Petrolub SE, Lubrizol Corporation, LukOil, PetroChina Company Limited (China National Petroleum Corporation), Petroliam Nasional Berhad, Royal Dutch Shell Plc and Total SE
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global transmission fluids market was valued at USD 8.4 Billion in 2024.

We expect the global transmission fluids market to exhibit a CAGR of 2.77% during 2025-2033.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for transmission fluids.

The rising demand for improved vehicle performance and reliability, along with the increasing adoption of transmission fluids in off-road vehicles for improved valve operation, brake band friction, and torque conversion, is primarily driving the global transmission fluids market.

Based on the type, the global transmission fluids market can be categorized into automatic transmission fluid, manual transmission fluid, and others. Currently, automatic transmission fluid exhibit clear dominance in the market.

Based on the base oil, the global transmission fluids market has been segmented into mineral oil, synthetic oil, and semi-synthetic oil. Among these, mineral oil currently holds the largest market share.

Based on the application, the global transmission fluids market can be bifurcated into passenger and commercial vehicles and off-road vehicles. Currently, off-road vehicles account for the majority of the total market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global transmission fluids market include Amsoil Inc., BASF SE, BP P.L.C., Chevron Corporation, Exxon Mobil Corporation, Fuchs Petrolub SE, Lubrizol Corporation, LukOil, PetroChina Company Limited (China National Petroleum Corporation), Petroliam Nasional Berhad, Royal Dutch Shell Plc, and Total SE.

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Transmission Fluids Market Report by Type (Automatic Transmission Fluid, Manual Transmission Fluid, and Others), Base Oil (Mineral Oil, Synthetic Oil, Semi-synthetic Oil), Application (Passenger and Commercial Vehicles, Off-Road Vehicles), and Region 2025-2033
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