Automotive Gear Oil Market is Projected to Grow at a 3.4% CAGR, Expected to Hit US$ 5.01 Billion by 2034 | Fact.MR Report
Increasing Vehicle Ownership Worldwide Main Factor Pushing Demand for Automotive Gear Oil.
Rockville, MD, Sept. 23, 2024 (GLOBE NEWSWIRE) — Fact.MR, a market research and competitive intelligence provider, in its newly published study, reveals that the global
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Fact.MR, in its new offering, presents an unbiased analysis of the automotive gear oil market, presenting historical demand data for 2018 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on source (mineral-based, synthetic-based), vehicle category (passenger vehicles, commercial vehicles, two/three wheelers), transmission (automatic, manual), and distribution channel (OEMs. aftermarket), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).
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Automotive Gear Shift System Market: is forecasted to expand at 4.8% CAGR from 2023 to 2033. As such, worldwide sales of automotive gear shift systems are projected to increase from US$ 27.1 billion in 2023 to US$ 43.5 billion by the end of 2033.
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