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Global Power Steering Fluids Market Research Report 2024
Synopsis
Power steering fluids are prepared from mineral oil or synthetic oil by blending them with enhanced additives to suppress foaming, prevent corrosion, and to lubricate the power steering pump and steering gear.
The global Power Steering Fluids market was valued at US$ 785 million in 2023 and is anticipated to reach US$ 1052.2 million by 2030, witnessing a CAGR of 4.2% during the forecast period 2024-2030.
The power steering fluids market is mainly driven by factors such as the growth of the automotive industry, the development of electric and hybrid vehicles, and the need for high-performance steering systems.
First, the growth of the automotive industry has led to a continuous increase in the demand for power steering fluids. Power steering fluids are essential for the operation of steering systems in automobiles. With the increase in automobile production and sales, the demand for power steering fluids is also increasing.
Second, the development of electric and hybrid vehicles has also led to an increase in the demand for power steering fluids. Electric and hybrid vehicles need to have high-performance steering systems to ensure safe and efficient operation. Power steering fluids are essential for the operation of these high-performance steering systems.
Third, the need for high-performance steering systems has led to an increase in the demand for power steering fluids. Power steering fluids need to have high viscosity, low friction, high temperature resistance, and other characteristics to meet the requirements of high-performance steering systems. This requires manufacturers to continue to improve their production technology and process quality to improve product performance and reduce costs.
Finally, with the continuous improvement of technology, power steering fluids also need to have better environmental performance, such as low volatility, low toxicity, and recyclability. This requires manufacturers to develop new types of power steering fluids that meet environmental requirements.
This report aims to provide a comprehensive presentation of the global market for Power Steering Fluids, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Steering Fluids.
Report Scope
The Power Steering Fluids market size, estimations, and forecasts are provided in terms of output/shipments (K L) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Power Steering Fluids market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Power Steering Fluids manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
The Armor All/STP Products
Bardahl
Penrite Oil
CRP Industries
Ford Motor
Recochem
Amsoil
Lucas Oil
Red Line Synthetic Oil
ExxonMobil
Dexron
Valvoline
Nulon Products Australia
Segment by Type
Synthetic Oil
Material Oil
Segment by Application
LCVs
Passenger Car
HCVs
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Power Steering Fluids manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Power Steering Fluids by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Power Steering Fluids in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Power steering fluids are prepared from mineral oil or synthetic oil by blending them with enhanced additives to suppress foaming, prevent corrosion, and to lubricate the power steering pump and steering gear.
The global Power Steering Fluids market was valued at US$ 785 million in 2023 and is anticipated to reach US$ 1052.2 million by 2030, witnessing a CAGR of 4.2% during the forecast period 2024-2030.
The power steering fluids market is mainly driven by factors such as the growth of the automotive industry, the development of electric and hybrid vehicles, and the need for high-performance steering systems.
First, the growth of the automotive industry has led to a continuous increase in the demand for power steering fluids. Power steering fluids are essential for the operation of steering systems in automobiles. With the increase in automobile production and sales, the demand for power steering fluids is also increasing.
Second, the development of electric and hybrid vehicles has also led to an increase in the demand for power steering fluids. Electric and hybrid vehicles need to have high-performance steering systems to ensure safe and efficient operation. Power steering fluids are essential for the operation of these high-performance steering systems.
Third, the need for high-performance steering systems has led to an increase in the demand for power steering fluids. Power steering fluids need to have high viscosity, low friction, high temperature resistance, and other characteristics to meet the requirements of high-performance steering systems. This requires manufacturers to continue to improve their production technology and process quality to improve product performance and reduce costs.
Finally, with the continuous improvement of technology, power steering fluids also need to have better environmental performance, such as low volatility, low toxicity, and recyclability. This requires manufacturers to develop new types of power steering fluids that meet environmental requirements.
This report aims to provide a comprehensive presentation of the global market for Power Steering Fluids, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Steering Fluids.
Report Scope
The Power Steering Fluids market size, estimations, and forecasts are provided in terms of output/shipments (K L) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Power Steering Fluids market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Power Steering Fluids manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
The Armor All/STP Products
Bardahl
Penrite Oil
CRP Industries
Ford Motor
Recochem
Amsoil
Lucas Oil
Red Line Synthetic Oil
ExxonMobil
Dexron
Valvoline
Nulon Products Australia
Segment by Type
Synthetic Oil
Material Oil
Segment by Application
LCVs
Passenger Car
HCVs
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Power Steering Fluids manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Power Steering Fluids by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Power Steering Fluids in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Power Steering Fluids Market Overview
1.1 Product Definition
1.2 Power Steering Fluids Segment by Type
1.2.1 Global Power Steering Fluids Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Synthetic Oil
1.2.3 Material Oil
1.3 Power Steering Fluids Segment by Application
1.3.1 Global Power Steering Fluids Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 LCVs
1.3.3 Passenger Car
1.3.4 HCVs
1.4 Global Market Growth Prospects
1.4.1 Global Power Steering Fluids Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Power Steering Fluids Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Power Steering Fluids Production Estimates and Forecasts (2019-2030)
1.4.4 Global Power Steering Fluids Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Power Steering Fluids Production Market Share by Manufacturers (2019-2024)
2.2 Global Power Steering Fluids Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Power Steering Fluids, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Power Steering Fluids Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Power Steering Fluids Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Power Steering Fluids, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Power Steering Fluids, Product Offered and Application
2.8 Global Key Manufacturers of Power Steering Fluids, Date of Enter into This Industry
2.9 Power Steering Fluids Market Competitive Situation and Trends
2.9.1 Power Steering Fluids Market Concentration Rate
2.9.2 Global 5 and 10 Largest Power Steering Fluids Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Power Steering Fluids Production by Region
3.1 Global Power Steering Fluids Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Power Steering Fluids Production Value by Region (2019-2030)
3.2.1 Global Power Steering Fluids Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Power Steering Fluids by Region (2025-2030)
3.3 Global Power Steering Fluids Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Power Steering Fluids Production by Region (2019-2030)
3.4.1 Global Power Steering Fluids Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Power Steering Fluids by Region (2025-2030)
3.5 Global Power Steering Fluids Market Price Analysis by Region (2019-2024)
3.6 Global Power Steering Fluids Production and Value, Year-over-Year Growth
3.6.1 North America Power Steering Fluids Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Power Steering Fluids Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Power Steering Fluids Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Power Steering Fluids Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Power Steering Fluids Production Value Estimates and Forecasts (2019-2030)
3.6.6 India Power Steering Fluids Production Value Estimates and Forecasts (2019-2030)
4 Power Steering Fluids Consumption by Region
4.1 Global Power Steering Fluids Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Power Steering Fluids Consumption by Region (2019-2030)
4.2.1 Global Power Steering Fluids Consumption by Region (2019-2024)
4.2.2 Global Power Steering Fluids Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Power Steering Fluids Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Power Steering Fluids Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Power Steering Fluids Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Power Steering Fluids Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Power Steering Fluids Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Power Steering Fluids Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Power Steering Fluids Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Power Steering Fluids Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Power Steering Fluids Production by Type (2019-2030)
5.1.1 Global Power Steering Fluids Production by Type (2019-2024)
5.1.2 Global Power Steering Fluids Production by Type (2025-2030)
5.1.3 Global Power Steering Fluids Production Market Share by Type (2019-2030)
5.2 Global Power Steering Fluids Production Value by Type (2019-2030)
5.2.1 Global Power Steering Fluids Production Value by Type (2019-2024)
5.2.2 Global Power Steering Fluids Production Value by Type (2025-2030)
5.2.3 Global Power Steering Fluids Production Value Market Share by Type (2019-2030)
5.3 Global Power Steering Fluids Price by Type (2019-2030)
6 Segment by Application
6.1 Global Power Steering Fluids Production by Application (2019-2030)
6.1.1 Global Power Steering Fluids Production by Application (2019-2024)
6.1.2 Global Power Steering Fluids Production by Application (2025-2030)
6.1.3 Global Power Steering Fluids Production Market Share by Application (2019-2030)
6.2 Global Power Steering Fluids Production Value by Application (2019-2030)
6.2.1 Global Power Steering Fluids Production Value by Application (2019-2024)
6.2.2 Global Power Steering Fluids Production Value by Application (2025-2030)
6.2.3 Global Power Steering Fluids Production Value Market Share by Application (2019-2030)
6.3 Global Power Steering Fluids Price by Application (2019-2030)
7 Key Companies Profiled
7.1 The Armor All/STP Products
7.1.1 The Armor All/STP Products Power Steering Fluids Corporation Information
7.1.2 The Armor All/STP Products Power Steering Fluids Product Portfolio
7.1.3 The Armor All/STP Products Power Steering Fluids Production, Value, Price and Gross Margin (2019-2024)
7.1.4 The Armor All/STP Products Main Business and Markets Served
7.1.5 The Armor All/STP Products Recent Developments/Updates
7.2 Bardahl
7.2.1 Bardahl Power Steering Fluids Corporation Information
7.2.2 Bardahl Power Steering Fluids Product Portfolio
7.2.3 Bardahl Power Steering Fluids Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Bardahl Main Business and Markets Served
7.2.5 Bardahl Recent Developments/Updates
7.3 Penrite Oil
7.3.1 Penrite Oil Power Steering Fluids Corporation Information
7.3.2 Penrite Oil Power Steering Fluids Product Portfolio
7.3.3 Penrite Oil Power Steering Fluids Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Penrite Oil Main Business and Markets Served
7.3.5 Penrite Oil Recent Developments/Updates
7.4 CRP Industries
7.4.1 CRP Industries Power Steering Fluids Corporation Information
7.4.2 CRP Industries Power Steering Fluids Product Portfolio
7.4.3 CRP Industries Power Steering Fluids Production, Value, Price and Gross Margin (2019-2024)
7.4.4 CRP Industries Main Business and Markets Served
7.4.5 CRP Industries Recent Developments/Updates
7.5 Ford Motor
7.5.1 Ford Motor Power Steering Fluids Corporation Information
7.5.2 Ford Motor Power Steering Fluids Product Portfolio
7.5.3 Ford Motor Power Steering Fluids Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Ford Motor Main Business and Markets Served
7.5.5 Ford Motor Recent Developments/Updates
7.6 Recochem
7.6.1 Recochem Power Steering Fluids Corporation Information
7.6.2 Recochem Power Steering Fluids Product Portfolio
7.6.3 Recochem Power Steering Fluids Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Recochem Main Business and Markets Served
7.6.5 Recochem Recent Developments/Updates
7.7 Amsoil
7.7.1 Amsoil Power Steering Fluids Corporation Information
7.7.2 Amsoil Power Steering Fluids Product Portfolio
7.7.3 Amsoil Power Steering Fluids Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Amsoil Main Business and Markets Served
7.7.5 Amsoil Recent Developments/Updates
7.8 Lucas Oil
7.8.1 Lucas Oil Power Steering Fluids Corporation Information
7.8.2 Lucas Oil Power Steering Fluids Product Portfolio
7.8.3 Lucas Oil Power Steering Fluids Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Lucas Oil Main Business and Markets Served
7.7.5 Lucas Oil Recent Developments/Updates
7.9 Red Line Synthetic Oil
7.9.1 Red Line Synthetic Oil Power Steering Fluids Corporation Information
7.9.2 Red Line Synthetic Oil Power Steering Fluids Product Portfolio
7.9.3 Red Line Synthetic Oil Power Steering Fluids Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Red Line Synthetic Oil Main Business and Markets Served
7.9.5 Red Line Synthetic Oil Recent Developments/Updates
7.10 ExxonMobil
7.10.1 ExxonMobil Power Steering Fluids Corporation Information
7.10.2 ExxonMobil Power Steering Fluids Product Portfolio
7.10.3 ExxonMobil Power Steering Fluids Production, Value, Price and Gross Margin (2019-2024)
7.10.4 ExxonMobil Main Business and Markets Served
7.10.5 ExxonMobil Recent Developments/Updates
7.11 Dexron
7.11.1 Dexron Power Steering Fluids Corporation Information
7.11.2 Dexron Power Steering Fluids Product Portfolio
7.11.3 Dexron Power Steering Fluids Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Dexron Main Business and Markets Served
7.11.5 Dexron Recent Developments/Updates
7.12 Valvoline
7.12.1 Valvoline Power Steering Fluids Corporation Information
7.12.2 Valvoline Power Steering Fluids Product Portfolio
7.12.3 Valvoline Power Steering Fluids Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Valvoline Main Business and Markets Served
7.12.5 Valvoline Recent Developments/Updates
7.13 Nulon Products Australia
7.13.1 Nulon Products Australia Power Steering Fluids Corporation Information
7.13.2 Nulon Products Australia Power Steering Fluids Product Portfolio
7.13.3 Nulon Products Australia Power Steering Fluids Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Nulon Products Australia Main Business and Markets Served
7.13.5 Nulon Products Australia Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Power Steering Fluids Industry Chain Analysis
8.2 Power Steering Fluids Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Power Steering Fluids Production Mode & Process
8.4 Power Steering Fluids Sales and Marketing
8.4.1 Power Steering Fluids Sales Channels
8.4.2 Power Steering Fluids Distributors
8.5 Power Steering Fluids Customers
9 Power Steering Fluids Market Dynamics
9.1 Power Steering Fluids Industry Trends
9.2 Power Steering Fluids Market Drivers
9.3 Power Steering Fluids Market Challenges
9.4 Power Steering Fluids Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
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