Gear Oils Market - Top Companies and Manufacturers

In the year 2025, the industry size of gear oil is estimated at USD 9.46 billion.

The gear oil market size was valued at USD 9.23 billion in 2024 and is expected to cross USD 13.73 billion by the end of 2037, expanding at more than 3.1% CAGR during the forecast period i.e., between 2025-2037. Growing demand from marine industry, increasing implementation of automation in manufacturing and growing adoption in wind turbines will boost the market growth.

Asia Pacific industry is poised to hold largest revenue share 36% by 2037, due to growing consumption of lubricants and greases in the region.

The major players in the market are Repsol, Exxon Mobil Corporation, BP p.l.c., Chevron Products Company, Novvi LLC, Japan Petroleum Exploration Co., Ltd, Cosmo Energy Holdings Co. Ltd, Mitsubishi Corporation, Inpex Corp, Fuji Oil Company Ltd and others