Gear Oils Market 2020 | Research Objectives and Methodology, Growth Analysis, Top Manufacturers Sales, and Cost Structures Forecast 2024

Gear Oils

The “Gear Oils Market” report 2020 covers all the significant developments which are recently being adopted across the global market. The prime objective of the Gear Oils market report is to provides an in-depth analysis of all market dynamics including drivers and restraints, and trends, and opportunities. The Gear Oils market report covers both the demand and supply aspects of the market. The report also highlighted the future trends in the Gear Oils market that will impact the demand during the forecast period.

Scope of the Report:

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

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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.<

    Some of the Top Key Players of Gear Oils Market Report Are:

  • BP PLC
  • China Petroleum & Chemical Corporation (Sinopec)
  • Chevron Corporation
  • ExxonMobil Corporation
  • FUCHS
  • 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

    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

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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.

    The Report Covers:

    • Comprehensive research methodology of Gear Oils market
    • In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
    • Analysis of regional regulations and other government policies impacting the global sleep aid market
    • Insights about market determinants which are stimulating the global Gear Oils market
    • Detailed and extensive market segments with regional distribution of forecasted revenues
    • Extensive profiles and recent developments of market players Companies Mentioned

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    Detailed TOC of Gear Oils Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    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 MARKET SEGMENTATION
    5.1 Product Type
    5.1.1 Transportation
    5.1.1.1 Manual Gearbox
    5.1.1.2 Automatic Gearbox (CVT, DCT, etc.)
    5.1.1.3 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
    5.3.1.1 United States
    5.3.1.2 Mexico
    5.3.1.3 Canada
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 France
    5.3.2.3 United Kingdom
    5.3.2.4 Italy
    5.3.2.5 Russia
    5.3.2.6 Spain
    5.3.2.7 Turkey
    5.3.2.8 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 India
    5.3.3.3 Japan
    5.3.3.4 South Korea
    5.3.3.5 ASEAN Countries
    5.3.3.6 Rest of Asia-Pacific
    5.3.4 South America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Rest of South America
    5.3.5 Middle East
    5.3.5.1 Saudi Arabia
    5.3.5.2 UAE
    5.3.5.3 Rest of the Middle East
    5.3.6 Africa
    5.3.6.1 Egypt
    5.3.6.2 South Africa
    5.3.6.3 Rest of Africa

    6 COMPETITIVE LANDSCAPE
    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 MARKET OPPORTUNITIES AND FUTURE TRENDS
    7.1 Industrial Growth in Middle East & Africa
    7.2 Other Opportunities

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