Portland, OR -- (SBWIRE) -- 09/14/2017 -- A gear is a cogwheel or a rotating machine part, which has cut teeth or cogs that mesh with the other toothed part to transmit torque. Gear oil is a lubricant made specifically for transmissions, transfer cases, and differentials in automobiles, heavy vehicles, aircraft, ships, boats, and other industrial machinery. Gearboxes are expected to perform under conditions of high heat, high pressure, heavy loads, and in environments contaminated with process debris, chemicals, water, and dirt. This may cause gears to wear off prematurely resulting in machine downtime.

Gear oil has high thermal stability and shear stability, which makes way for superior wear protection. It not only reduces the friction and surface wearing, but also provides high resistance to extreme pressure, foam, rust & corrosion, and oxidation. It has high viscosity, which is necessary for enhanced performance and better transmission of oil throughout the gear chains. The American Petroleum Institute has standardized gear oil based on GL ratings. The higher the GL-rating the more pressure it can sustain.

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Petroleum-based and synthetic gear oils are the common types of gear oils used in automotive, aerospace, and other industrial applications. Rapid industrialization in emerging economies such as India, Brazil, Mexico, and China has encouraged the end-use industries to use gear oil in more quantities, which is expected to foster the growth of this sector. According to the Asian Development Bank, Asia is estimated to invest $8-$9 trillion in infrastructure development between 2010 and 2020 to maintain its economy. This is expected to increase the consumption of gear oil in the construction sector.

The global gear oil market is classified on the basis of type, end-use industry, and geography. Based on type the market is segmented into petroleum based, synthetic, and others. On the basis of end-use industry, the market is segmented into industrial, automotive, marine, aerospace, construction, mining, and others. The geographic breakdown and deep analysis of each of the aforesaid segments have been covered for North America, Europe, Asia-Pacific, and LAMEA.

Market Players:

The top players in the global gear oil market are Lubrication Engineers Inc., Royal Dutch Shell Plc., Fuchs Lubricants Co., Chevron Corporation, Exxon Mobil Corporation (XOM), Saudi Arabian Oil Co., Hindustan Petroleum Corporation Limited, and China Petroleum & Chemical Corporation (Sinopec).

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MARKET LANDSCAPE

By Type
Petroleum-based
Synthetic
Others (Semi-Synthetic, and Bio-based)

By End-use Industry
Industrial
Automotive
Marine
Aerospace
Construction
Mining
Others

By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe

Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific

LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA

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Table of Content for Industry

1. Executive Summary
1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and Recent Industry Development Analysis

2. Introduction
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology

3. Market Landscape
3.1. Growth Drivers
3.1.1. Impact analysis
3.2. Restrains and Challenges
3.2.1. Impact analysis
3.3. Porters Analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of substitutes
3.3.4. Industry rivalry
3.3.5. Threat of new entrants
3.4. Global Gear Oil Market Shares Analysis, 20142025
3.4.1. Global gear oil market share by type, 20142025
3.4.2. Global gear oil market share by end-use industry, 20142025

Continued…

List of Tables
Contain 60 Tables

List of Figures
Contain 48 Figures