Transmission repair market is projected to reach a market size of USD 233.70 billion by 2022 from USD 199.16 billion in 2017, growing at a CAGR of 3.25% from 2017 to 2022.
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The key players in the Transmission Repair Market include –Schaeffler (Germany), Allison (US), BorgWarner (US), ZF (Germany), Continental (Germany), Mister Transmission (Canada), AAMCO (US), Lee Myles Autocare & Transmission (US), Cottman Transmission (US), Firestone Complete Auto Care (US).
North America is estimated to hold the largest share of the transmission repair market in 2017.The market growth in North America can be attributed to the larger vehicle parc and increased sales of light commercial vehicles in the region.
- Distributors and suppliers of automotive transmission components
- Manufacturers of automotive transmission
- OEM authorized service centers
- Transmission repair centers
- Industry associations and experts
- Automotive transmission repair workshops
- Automotive garages
Inquire For Complete Report Copy of Transmission Repair Market by Component (Gasket & Seal, Fluid, O-ring, Transmission Filter, Gear, Clutch Plate, Pressure Plate, Oil Pump), Repair type (Transmission General Repair, Overhaul), Vehicle Type, and Region - Global Forecast to 2022 http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=1275441
The fluids segment is estimated to be the fastest growing segment of the transmission general repair market, in terms of value. The adoption of preventive/periodic maintenance services for transmission is expected to drive the fluids market during the forecast period. The increase in oil consumption in advanced transmission and focus on better quality oil are driving the growth of this segment. The average fluid consumption is 5 to 7 quarts. The OE companies are focusing on high-quality oil for increasing transmission efficiency and also to reduce the frequent change of oil in transmission.
The transmission repair market for passenger cars is estimated to be the largest and fastest growing market during the forecast period. Larger vehicle parc of passenger cars globally is leading to the growing demand for transmission repair services for passenger cars. In addition, the growth of the transmission repair market for passenger cars can be attributed to the growth of ride sharing services in developed as well as developing markets.
The report segments the transmission repair market by component (Gasket and seals, filter, transmission filter, O-rings, axle, flywheel, gears, clutch plate, pressure plate, and oil pumps), repair (general repair and overhaul repair), vehicle type,and region (North America, Europe, AsiaPacific, and RoW). The report also explains the marketdrivers, opportunities, challenges, threats, technologies, type of transmission repair, competitive landscape, and new product developments in the transmission industry.
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