Gear Oils Market Size

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Report ID: 5363
Published Date: Sep 11, 2025
Report Format: PDF, PPT

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Gear Oil Market Outlook:

Gear Oil Market size was valued at USD 9.25 Billion in 2025 and is expected to reach USD 13.05 Billion by 2035, expanding at around 3.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of gear oil is evaluated at USD 9.54 Billion.

The recent shift towards increasing the use of bio-based lubricants is driving the growth of the market. For instance, the production of bio-based lubricants was around USD 23 million in Germany in 2021. Therefore, companies have increased the production of environmentally friendly base oil in order to reduce dependence on petroleum and other non-renewable raw material sources.

The adoption of innovative machinery to enhance and optimize production is further supported by the increase in demand for products resulting from a variety of applications, which is boosting the growth of the gear oil market. Also, the increasing use of IoT-based applications is also expected to drive the market growth rapidly.

Browse key industry insights with market data tables & charts from the report:

Gear Oil Market Size, Share & Trends Report 2035

Frequently Asked Questions (FAQ)

In the year 2026, the industry size of gear oil is evaluated at USD 9.54 Billion.

The global gear oil market size exceeded USD 9.25 Billion in 2025 and is set to expand at a CAGR of more than 3.5%, surpassing USD 13.05 Billion revenue by 2035.

The Asia Pacific gear oil market will dominate more than 36% share by 2035, attributed to the growing consumption of lubricants and greases and fast-paced development in industrial and automotive sectors.

Key players in the market include 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.