Global Automotive Gear Oil Market

It also supposes to transfer damaged particles away from the contact areas, guarantee protection against extreme pressure and temperature and reduce noise in the transmission operation. North America is the largest market for automotive gear oil mainly attributed to large volume of motor vehicle in this region, followed by Europe and Asia Pacific. The market is witnessing an escalating growth in Asia Pacific region. China, in recent years, has become the global hub for the automobile industry. Some of the other region in Asia Pacific such as India, Indonesia, Malaysia, Thailand and Philippines have emerged as the largest small cars markets in the world. Growing middle class, rising disposable income, developing surface transportation infrastructure, growing aspiration of owning private vehicles, increasing mobility due to development of satellite township near megabits and increase demand of goods carriers from micro, small and medium size enterprises are fueling the market for automotive gear oil in Asia Pacific region.

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