Transmission Repair Market Overview
The market for
Transmission repair is forecast to reach $292.1 million by 2026, growing at a
CAGR of 3.9% from 2021 to 2026. Transmissions play a major role in a vehicle’s
operation, hence the significant growth in automotive production is set to
impact the market growth rate. The significant adoption of periodic
maintenance services for the power transmission systems in vehicles in order to increase the vehicle age is
set to boost the market growth rate during the forecast period 2021-2026. The hybrid Transmission Market primarily is driven by the growing
demand of hybrid electric vehicles. The hybrid electric vehicles provide several
benefits such as low harmful gases emission, less usage of gasoline, and others.
The increasing prices of gasoline and global warming are driving the use of
electrified vehicles. Moreover, governments of different countries are also
promoting the use of electric vehicles, by providing relaxation in taxes, which
is going to boost hybrid transmission for both transmission general repair and transmission overhaul market. Additionally, companies such as
BAE Systems, BorgWarner Inc., Continental, Delphi, DENSO are working on
improving the efficiency and reducing the cost of hybrid and internal combustion engine transmission systems
which is going to boost the hybrid transmission market.
Report Coverage
The report:
“Transmission repair Market – Forecast (2021-2026)”, by IndustryARC covers an
in-depth analysis of the following segments of the Transmission repair
market.
Key Takeaways
- Transmission
general type is analysed to dominate the market in 2020, majorly
attributed to the increasing adoption of periodic maintenance of the
vehicles.
- North
America is analysed to dominate the market owing to the rising sales of
the passenger as well as commercial vehicles in the region.
- The
significant growth in the average miles driven by a vehicle is set to be
the key driving factor for the transmission repair market
Transmission Repair Market, By Repair Type
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Transmission Repair Market Segment Analysis - By Repair type
Transmission general
repair dominates the market in 2020 with 79.2% share, owing to the rising adoption of periodic maintenance to increase the life cycle of the vehicle. As the
periodic transmission repairs increase the vehicle age and also fuel
efficiency, the users tend to opt for transmission general repair thereby
contributing to the growth of the market.
Transmission Repair Market Segment Analysis - By Vehicle Type
Passenger cars is
analysed to hold highest market share in 2020 at 68.4%. As stated by OICA, the number of passenger cars accounted for 67.2 million units whereas the commercial
vehicles accounted for 24.6 million units. Adding to this, the growing
production plants for passenger cars is also set to escalate the market growth
rate. In January 2020, Toyota has announced to invest $700M in the expansion of
its production plant in US. In September 2019, Toyota Motor Corporation has
announced to expand its facility in Brazil with an investment of $190M to
increase the production. The increasing demand of fuel efficient and
eco-friendly vehicles is boosting the hybrid transmission market. As more complex
transmission is widely used in electric vehicle, which is going to provide
huge growth to transmission repair market.
Transmission Repair Market Segment Analysis - Geography
APAC is the dominant
region in 2020 with a market share of 35.9% owing to the high production base
in the region, followed by North America and Europe. The large market share is
majorly attributed to the presence of large production bases in China and
India. In March 2020, China Association of Automobile Manufactures has
announced that vehicle production and sales volume reached 3.47 million and
3.67 million units. It has also stated that the commercial vehicles have
declined than that of passenger vehicles. In December 2019, Morris Garages, a
British automobile brand has announced its plans to invest $ 429.25
million. In 2019 According International Energy Agency (IEA), China held
the major share 45% of global electric vehicle market, which is increasing
rapidly and going to provide huge growth to hybrid transmission market.
Additionally, in countries such as India, Japan and others, the demand of
electrified vehicles is increasing, which will boost the transmission
repair market.
Transmission Repair Market Drivers
Large Vehicle Parc
Increasing Demand of Electric vehicle
The increasing demand of electric vehicles is going to boost hybrid transmission market. The demand of electric vehicles is increasing day by day, as electric vehicles offer several benefits such as low harmful gases emission, low maintenance cost and others. The electric vehicles manufacturers are going to use hybrid transmission widely in hybrid electric vehicles (HEV). The hybrid transmission uses a combination of electric motor and combustion engine substantially, which reduces the vehicle's fuel consumption, which is going to boost the hybrid transmission market.
Transmission Repair Market Challenges
Increasing adoption of Electric vehicles
The significantly rising
developments impacting the increasing production of the electric vehicles
due to its demand is set to hamper the market growth rate during the forecast
period. The electric vehicles fundamentally shatter the maintenance industry
owing to their high efficiency and features. In November 2019, Volkswagen
announced the expansion of the electric vehicle manufacturing plant with an
investment of $800M in US.
Transmission Repair Market Landscape
Technology launches,
acquisitions, and R&D activities are key strategies adopted by players in
the Transmission repair market. Transmission repair driver market is expected
to be dominated by major companies such as Allison Transmission, ZF,
BorgWarner, Schaeffler, AAMCO, and Continental among others.
Acquisitions/Technology Launches/Partnerships
- In March 2020, ZF Friedrichshafen AG and Wolong Electric Group Co Ltd has announced joint venture on Electric components, which is going to increase the features of hybrid transmission and going to boost hybrid transmission market.
- In July, 2019, Schaeffler has announced its partnership with TruckOn, Continental’s digital booking platform for commercial vehicle repairs and services.
Related Reports:
Electric
Vehicle Transmission Market - Industry Analysis, Market Size, Share, Trends,
Application Analysis, Growth And Forecast 2021 - 2026
Report Code: AM 84967
For more Automotive related reports, please click here
LIST OF TABLES
1.Global Transmission Repair Market By Component Market 2019-2024 ($M)1.1 Transmission General Repair Market 2019-2024 ($M) - Global Industry Research
1.1.1 Gasket & Seal Market 2019-2024 ($M)
1.1.2 Fluid Market 2019-2024 ($M)
1.1.3 Transmission Filter Market 2019-2024 ($M)
1.1.4 O-Ring Market 2019-2024 ($M)
1.2 Transmission Overhaul Market 2019-2024 ($M) - Global Industry Research
1.2.1 Axle Market 2019-2024 ($M)
1.2.2 Flywheel Market 2019-2024 ($M)
1.2.3 Gear Market 2019-2024 ($M)
1.2.4 Clutch Plate Market 2019-2024 ($M)
1.2.5 Pressure Plate Market 2019-2024 ($M)
1.2.6 Oil Pump Market 2019-2024 ($M)
2.Global Transmission Repair Market By Vehicle Type Market 2019-2024 ($M)
2.1 Passenger Car Market 2019-2024 ($M) - Global Industry Research
2.2 Light Commercial Vehicle Market 2019-2024 ($M) - Global Industry Research
2.3 Heavy Commercial Vehicle Market 2019-2024 ($M) - Global Industry Research
3.Global Transmission Repair Market By Repair Type Market 2019-2024 ($M)
3.1 Transmission General Repair Market 2019-2024 ($M) - Global Industry Research
3.2 Transmission Overhaul Market 2019-2024 ($M) - Global Industry Research
4.Global Transmission Repair Market By Component Market 2019-2024 (Volume/Units)
4.1 Transmission General Repair Market 2019-2024 (Volume/Units) - Global Industry Research
4.1.1 Gasket & Seal Market 2019-2024 (Volume/Units)
4.1.2 Fluid Market 2019-2024 (Volume/Units)
4.1.3 Transmission Filter Market 2019-2024 (Volume/Units)
4.1.4 O-Ring Market 2019-2024 (Volume/Units)
4.2 Transmission Overhaul Market 2019-2024 (Volume/Units) - Global Industry Research
4.2.1 Axle Market 2019-2024 (Volume/Units)
4.2.2 Flywheel Market 2019-2024 (Volume/Units)
4.2.3 Gear Market 2019-2024 (Volume/Units)
4.2.4 Clutch Plate Market 2019-2024 (Volume/Units)
4.2.5 Pressure Plate Market 2019-2024 (Volume/Units)
4.2.6 Oil Pump Market 2019-2024 (Volume/Units)
5.Global Transmission Repair Market By Vehicle Type Market 2019-2024 (Volume/Units)
5.1 Passenger Car Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Light Commercial Vehicle Market 2019-2024 (Volume/Units) - Global Industry Research
5.3 Heavy Commercial Vehicle Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Transmission Repair Market By Repair Type Market 2019-2024 (Volume/Units)
6.1 Transmission General Repair Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Transmission Overhaul Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Transmission Repair Market By Component Market 2019-2024 ($M)
7.1 Transmission General Repair Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Gasket & Seal Market 2019-2024 ($M)
7.1.2 Fluid Market 2019-2024 ($M)
7.1.3 Transmission Filter Market 2019-2024 ($M)
7.1.4 O-Ring Market 2019-2024 ($M)
7.2 Transmission Overhaul Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Axle Market 2019-2024 ($M)
7.2.2 Flywheel Market 2019-2024 ($M)
7.2.3 Gear Market 2019-2024 ($M)
7.2.4 Clutch Plate Market 2019-2024 ($M)
7.2.5 Pressure Plate Market 2019-2024 ($M)
7.2.6 Oil Pump Market 2019-2024 ($M)
8.North America Transmission Repair Market By Vehicle Type Market 2019-2024 ($M)
8.1 Passenger Car Market 2019-2024 ($M) - Regional Industry Research
8.2 Light Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
8.3 Heavy Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
9.North America Transmission Repair Market By Repair Type Market 2019-2024 ($M)
9.1 Transmission General Repair Market 2019-2024 ($M) - Regional Industry Research
9.2 Transmission Overhaul Market 2019-2024 ($M) - Regional Industry Research
10.South America Transmission Repair Market By Component Market 2019-2024 ($M)
10.1 Transmission General Repair Market 2019-2024 ($M) - Regional Industry Research
10.1.1 Gasket & Seal Market 2019-2024 ($M)
10.1.2 Fluid Market 2019-2024 ($M)
10.1.3 Transmission Filter Market 2019-2024 ($M)
10.1.4 O-Ring Market 2019-2024 ($M)
10.2 Transmission Overhaul Market 2019-2024 ($M) - Regional Industry Research
10.2.1 Axle Market 2019-2024 ($M)
10.2.2 Flywheel Market 2019-2024 ($M)
10.2.3 Gear Market 2019-2024 ($M)
10.2.4 Clutch Plate Market 2019-2024 ($M)
10.2.5 Pressure Plate Market 2019-2024 ($M)
10.2.6 Oil Pump Market 2019-2024 ($M)
11.South America Transmission Repair Market By Vehicle Type Market 2019-2024 ($M)
11.1 Passenger Car Market 2019-2024 ($M) - Regional Industry Research
11.2 Light Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
11.3 Heavy Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
12.South America Transmission Repair Market By Repair Type Market 2019-2024 ($M)
12.1 Transmission General Repair Market 2019-2024 ($M) - Regional Industry Research
12.2 Transmission Overhaul Market 2019-2024 ($M) - Regional Industry Research
13.Europe Transmission Repair Market By Component Market 2019-2024 ($M)
13.1 Transmission General Repair Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Gasket & Seal Market 2019-2024 ($M)
13.1.2 Fluid Market 2019-2024 ($M)
13.1.3 Transmission Filter Market 2019-2024 ($M)
13.1.4 O-Ring Market 2019-2024 ($M)
13.2 Transmission Overhaul Market 2019-2024 ($M) - Regional Industry Research
13.2.1 Axle Market 2019-2024 ($M)
13.2.2 Flywheel Market 2019-2024 ($M)
13.2.3 Gear Market 2019-2024 ($M)
13.2.4 Clutch Plate Market 2019-2024 ($M)
13.2.5 Pressure Plate Market 2019-2024 ($M)
13.2.6 Oil Pump Market 2019-2024 ($M)
14.Europe Transmission Repair Market By Vehicle Type Market 2019-2024 ($M)
14.1 Passenger Car Market 2019-2024 ($M) - Regional Industry Research
14.2 Light Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
14.3 Heavy Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
15.Europe Transmission Repair Market By Repair Type Market 2019-2024 ($M)
15.1 Transmission General Repair Market 2019-2024 ($M) - Regional Industry Research
15.2 Transmission Overhaul Market 2019-2024 ($M) - Regional Industry Research
16.APAC Transmission Repair Market By Component Market 2019-2024 ($M)
16.1 Transmission General Repair Market 2019-2024 ($M) - Regional Industry Research
16.1.1 Gasket & Seal Market 2019-2024 ($M)
16.1.2 Fluid Market 2019-2024 ($M)
16.1.3 Transmission Filter Market 2019-2024 ($M)
16.1.4 O-Ring Market 2019-2024 ($M)
16.2 Transmission Overhaul Market 2019-2024 ($M) - Regional Industry Research
16.2.1 Axle Market 2019-2024 ($M)
16.2.2 Flywheel Market 2019-2024 ($M)
16.2.3 Gear Market 2019-2024 ($M)
16.2.4 Clutch Plate Market 2019-2024 ($M)
16.2.5 Pressure Plate Market 2019-2024 ($M)
16.2.6 Oil Pump Market 2019-2024 ($M)
17.APAC Transmission Repair Market By Vehicle Type Market 2019-2024 ($M)
17.1 Passenger Car Market 2019-2024 ($M) - Regional Industry Research
17.2 Light Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
17.3 Heavy Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
18.APAC Transmission Repair Market By Repair Type Market 2019-2024 ($M)
18.1 Transmission General Repair Market 2019-2024 ($M) - Regional Industry Research
18.2 Transmission Overhaul Market 2019-2024 ($M) - Regional Industry Research
19.MENA Transmission Repair Market By Component Market 2019-2024 ($M)
19.1 Transmission General Repair Market 2019-2024 ($M) - Regional Industry Research
19.1.1 Gasket & Seal Market 2019-2024 ($M)
19.1.2 Fluid Market 2019-2024 ($M)
19.1.3 Transmission Filter Market 2019-2024 ($M)
19.1.4 O-Ring Market 2019-2024 ($M)
19.2 Transmission Overhaul Market 2019-2024 ($M) - Regional Industry Research
19.2.1 Axle Market 2019-2024 ($M)
19.2.2 Flywheel Market 2019-2024 ($M)
19.2.3 Gear Market 2019-2024 ($M)
19.2.4 Clutch Plate Market 2019-2024 ($M)
19.2.5 Pressure Plate Market 2019-2024 ($M)
19.2.6 Oil Pump Market 2019-2024 ($M)
20.MENA Transmission Repair Market By Vehicle Type Market 2019-2024 ($M)
20.1 Passenger Car Market 2019-2024 ($M) - Regional Industry Research
20.2 Light Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
20.3 Heavy Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
21.MENA Transmission Repair Market By Repair Type Market 2019-2024 ($M)
21.1 Transmission General Repair Market 2019-2024 ($M) - Regional Industry Research
21.2 Transmission Overhaul Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Transmission Repair Market Revenue, 2019-2024 ($M)2.Canada Transmission Repair Market Revenue, 2019-2024 ($M)
3.Mexico Transmission Repair Market Revenue, 2019-2024 ($M)
4.Brazil Transmission Repair Market Revenue, 2019-2024 ($M)
5.Argentina Transmission Repair Market Revenue, 2019-2024 ($M)
6.Peru Transmission Repair Market Revenue, 2019-2024 ($M)
7.Colombia Transmission Repair Market Revenue, 2019-2024 ($M)
8.Chile Transmission Repair Market Revenue, 2019-2024 ($M)
9.Rest of South America Transmission Repair Market Revenue, 2019-2024 ($M)
10.UK Transmission Repair Market Revenue, 2019-2024 ($M)
11.Germany Transmission Repair Market Revenue, 2019-2024 ($M)
12.France Transmission Repair Market Revenue, 2019-2024 ($M)
13.Italy Transmission Repair Market Revenue, 2019-2024 ($M)
14.Spain Transmission Repair Market Revenue, 2019-2024 ($M)
15.Rest of Europe Transmission Repair Market Revenue, 2019-2024 ($M)
16.China Transmission Repair Market Revenue, 2019-2024 ($M)
17.India Transmission Repair Market Revenue, 2019-2024 ($M)
18.Japan Transmission Repair Market Revenue, 2019-2024 ($M)
19.South Korea Transmission Repair Market Revenue, 2019-2024 ($M)
20.South Africa Transmission Repair Market Revenue, 2019-2024 ($M)
21.North America Transmission Repair By Application
22.South America Transmission Repair By Application
23.Europe Transmission Repair By Application
24.APAC Transmission Repair By Application
25.MENA Transmission Repair By Application
26.Schaeffler, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Allison Transmission, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Borgwarner, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.ZF, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Continental, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Mister Transmission, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Aamco Transmissions, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Lee Myles Autocare & Transmission, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Cottman Transmission & Total Auto Care, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Firestone Complete Auto Care, Sales /Revenue, 2015-2018 ($Mn/$Bn)