The automotive fluid is an oil specially used for an automatic transmission. Early automatic transmissions did not have a dedicated fluid but instead replaced with engine oil. As operating conditions and technical requirements vary widely, engine oils as an automatic transmission fluid quickly eliminated. The special fluid used in automatic transmissions today is not only the transmission oil of the torque converter but also the lubricating oil of the planetary gear structure and the hydraulic oil of the gear shifting device. The automotive transmission oil is generally replaced every 120,000 kilometers under normal driving conditions and every 60,000 kilometers under severe driving conditions.
The global automotive fluid market expected to fuel the market growth at a substantial CAGR in the forecast period from 2020-2027. Automotive fluid designs of each automatic transmission have different technical requirements. Even if the transmission of the same model configured in different models, its torque, weight, and speed, Structure, etc. will be different, so the original factory has its own designated special transmission oil. Different transmission oils are one of the reasons that affect the quality of shifting gears.
Moreover, the share of the automotive fluid market will increase in the forecast period owing to smooth engine performance, lower carbon emission fuel, boost fuel efficiency, and anti-clogging capability, also it has enhanced the operational life easy. Therefore, the automotive fluid market has not only increased its demand in the automotive sector but increase its application also.
The automotive fuel has enhanced the market share of the commercial vehicles and deriving the market positively. With undetectable gear shifting capabilities, comfortable to use, and quick change in the gear feature has attracted many consumers and will continue to increase the market share of the automotive industry in the forecast period as well.
The automotive fuel market has less carbon emission property, and it also has a big transmission oil capacity. Even various new technologies like increased shift stages, slip control of the lock-up clutch and compact, and low-weight features designed for the vehicle so that they are fuel-efficient and also with upgraded physical features, frictional characteristics, and other tests done during fluid evaluation.
Based on Fluid type, the global Automotive Fluid market segmented into Engine oil, Radiator Fluid, Transmission Fluid, Power Steering Fluid, Brake Fluid, Air Conditioning Coolant/Refrigerants, Washer Fluid, Others (Oil Additives, Etc. The brake fluid segment has dominated the market share of the worldwide automotive fluid market. It is owing to the safety of the vehicle while applying the brake to the car. Moreover, the significant role of brake fluid is to dissipate heat, transfer energy, and for lubrication. The faster the brakes respond, the more reliable the performance will be in every car.
Additionally, brake fluid contains premium additives and is therefore wholly rust proof. With the protection of brake fluid, the service life of the brake is longer, and the safety is higher in the long run. Under brake fluid, DOT5 is highly used owing to its higher boiling point and can handle the more elevated temperature. Therefore, demand for the brake fluid will propel the market growth of the automotive fluid in the forecast period as well.
Based on the vehicle type, the global Automotive Fluid market classified into Passenger Vehicles, Commercial vehicles, Buses, Off-road vehicles, two-wheelers. The passenger vehicle segment has bolstered the market share for the global Automotive Fluid market. Due to the increasing population, demand for passenger cars has emerged globally. Moreover, with globalization, a large number of manufacturers are coming up with a new model of vehicles, and even small brands are now competing with international brands. Therefore, it gives lots of options to the consumers to choose the car of their choice. Thus, the passenger vehicle demand has fueled the market share of the automotive fluid market.
Based on the sales channel, the global Automotive Fluid market bifurcated into OEM and Aftermarket. The OEM segment has captured the largest share in the global Automotive Fluid market. The OEM is positively affecting the automotive market as it is incorporating less petroleum-based vehicles to avoid environmental hazards. Focusing on manufacturing low carbon emission vehicles, and with the advancement in technology has improved the demand for OEM in the automotive fluid market.
Based on geography, the global Automotive Fluid market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific region has dominated the demand for the Automotive Fluid market. Owing to rising disposable income and increasing agriculture industry growth that has propelled the commercial vehicle segment and passenger vehicle need in the forecast period. Moreover, the growing population has increased the demand for the consumption of cars, and with the advance technology, transmission fuel, brake fuel has influenced the need for the automotive fluid market in the Asia Pacific region in the forecast period from 2020-2027.
Companies such as Robert Bosch GmbH, Total S.A, BASF SE, Delian Group, Gulf Oil, ExxonMobil Castrol, Indian Oil Corporation Ltd, BP PLC, Royal Dutch Shell Plc, Lukoil, PJSC Gazprom, Chevron Corporation, and others are the key players in global Automotive Fluid market.
By Fluid Type
By Vehicle Type
By Sales Channel