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Exclusive Report on Gear Oils Market 2019 | Industry Drivers, Business Plans, Types, Applications, Challenges, Opportunities and Latest Trends Forecast to 2024


The “Gear Oils Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Gear Oils Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Gear Oils market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Gear Oils Market Are:

  • BP PLC
  • China Petroleum & Chemical Corporation (Sinopec)
  • Chevron Corporation
  • ExxonMobil Corporation
  • Gazprom Neft PJSC
  • Gulf Oil Corporation Limited
  • Idemitsu Kosan Co. Ltd
  • Indian Oil Corporation Ltd
  • JX Nippon Oil & Energy Corporation
  • Lukoil
  • Royal Dutch Shell PLC
  • Total SA

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    Market Overview:

  • The global gear oils market is expected to register a CAGR over 2.00% during the forecast period, 2019 – 2024.
  • – Growing demand from the wind energy sector is expected to drive the demand for the market during the forecast period.
  • – Increasing drain intervals in the automotive and industrial sectors are likely to hinder the market’s growth.
  • – Industrial growth in Middle-East & Africa is projected to act as an opportunity for the market in future.<

    Scope of the Report:

  • This report studies the global Gear Oils market size, industry status and forecast, competition landscape and growth opportunity.

    Gear Oils Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Gear Oils market?
    • What are the key market trends impacting the growth of the global Gear Oils market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Gear Oils market?
    • What are the market opportunities and threats faced by the vendors in the global Gear Oils market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Gear Oils market?

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    Key Market Trends:

    Growing Demand from Wind Energy to Increase the Consumption

    – Gear oils find their applications in wind turbines for lubrication of the main gearbox and other gear motor components.
    – This is because of the high temperatures, bearing wear, corrosion and oxidation, and load weights involved during the process of power generation.
    – There is a rising demand for synthetic gear oils in wind turbines, due to their enhanced properties over their mineral-based counterparts, due the performance additives used during the formulation of synthetic oils, as per the requirement.
    – Power generation from wind energy is growing at a rapid pace, globally, with continuously increasing installed capacities of wind turbines every year. The decrease in the prices in the offshore industry has been one of the contributors to the growth of wind power generation market by generating investments in the offshore industries in Europe, North America, and Asia-Pacific regions, which is further expected to boost the demand for gear oils during the forecast period.

    The Asia-Pacific Region is Expected to Dominate the Market

    – The Asia-Pacific region dominated the global gear oils market in 2018. The key developing countries of the region, such as China, India, and ASEAN countries, are driving the demand for gear oils. The consumption of electricity is rising over the period, owing to construction activities and rising population.
    – India is likely to attract a huge investment of INR 11,55,652 crore into the power generation sector by 2022, for setting up projects across the thermal, hydro, nuclear, and renewables segments.
    – Furthermore, the domestic production of vehicles has been increasing at a rapid rate since 2014, with many leading players focusing on increasing the localization rates for high volume selling products.
    – China is considered as the manufacturing hub for majority of end-user products. The aforementioned reasons are driving the demand for gear oils over the forecast period.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Gear Oils Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Gear Oils .

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    Report Objectives:

    • Analyzing the size of the Gear Oils market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Gear Oils market.
    • Determining the key dynamics of the Gear Oils market.
    • Highlighting significant trends of the Gear Oils market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Gear Oils market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Gear Oils market.

    Detailed TOC of Gear Oils Market Report 2019-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Growing Demand from the Wind Energy Sector
    4.2.2 Other Drivers
    4.3 Market Restraints
    4.3.1 Increasing Drain Intervals in the Automotive And Industrial Sectors
    4.3.2 Other Restraints
    4.4 Value Chain / Supply Chain Analysis
    4.5 Porter’s Five Forces Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5.1 Product Type
    5.1.1 Transportation Manual Gearbox Automatic Gearbox (CVT, DCT, etc.) Axle Oils
    5.1.2 Industrial
    5.2 End-user Industry
    5.2.1 Power Generation
    5.2.2 Automotive & Other Transportation
    5.2.3 Heavy Equipment
    5.2.4 Metallurgy & Metalworking
    5.2.5 Other End-user Industries
    5.3 Geography
    5.3.1 North America United States Mexico Canada
    5.3.2 Europe Germany France United Kingdom Italy Russia Spain Turkey Rest of Europe
    5.3.3 Asia-Pacific China India Japan South Korea ASEAN Countries Rest of Asia-Pacific
    5.3.4 South America Brazil Argentina Rest of South America
    5.3.5 Middle East Saudi Arabia UAE Rest of the Middle East
    5.3.6 Africa Egypt South Africa Rest of Africa

    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 BP PLC
    6.4.2 China Petroleum & Chemical Corporation (Sinopec)
    6.4.3 Chevron Corporation
    6.4.4 ExxonMobil Corporation
    6.4.5 FUCHS
    6.4.6 Gazprom Neft PJSC
    6.4.7 Gulf Oil Corporation Limited
    6.4.8 Idemitsu Kosan Co. Ltd
    6.4.9 Indian Oil Corporation Ltd
    6.4.10 JX Nippon Oil & Energy Corporation
    6.4.11 Lukoil
    6.4.12 Royal Dutch Shell PLC
    6.4.13 Total SA

    7.1 Industrial Growth in Middle East & Africa
    7.2 Other Opportunities


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    Email: [email protected]

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