Transmission Repair Market is expected to register a CAGR of ~ 25.1% from 2022 to 2030 and hold a value of over USD 16,285.2 Million by 2030

 Transmission Repair Market Revenue Growth: 

The significant factors impacting the growth of the transmission repair market are an upsurge in preventive and periodic maintenance services and the growth of the ride-sharing market. However, developing sales of electric vehicles and the absence of trained technicians hinder the growth of the automotive transmission repair market. On the other hand, an increase in demand for commercial vehicles and an upsurge in average vehicle miles traveled every year will fuel the growth of the market. The covid 19 epidemic has affected the global transmission industry and it is likely to leave an impact on the growth of the industry during the projected period. The epidemic has altered the behavior of the consumers and their demands along with that the purchasing designs, current market dynamics, re-routing of the supply chain, and the continually changing intentions of the government, all these are the major factor contributing to the ruin of the global transmission repair market.   

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Regional Analysis

North America is anticipated to dominate the transmission repair market during 2021-2030 owing to growing commercial vehicle sales and developed infrastructure in the region. However, the Asia Pacific region is projected to be the fastest-rising market due to the growing vehicle sales.

Market Segmentation

The Global Transmission Repair Market has been segmented into Component, Repair type, and Vehicle type

Based on Components, The Global Transmission Repair Market has been segmented into Gaskets & Seals, O-rings, Gear, Clutch Plate, and Oil Pump Based on Repair type, The Global Transmission Repair Market has been segmented into Transmission General Repair and Transmission Overhaul Based on Vehicle Type, The Global Transmission Repair Market has been segmented into Passenger Cars, LCVs, and HCV  

Key Players

Some of the key market players are Continental AG (Germany), Jiffy Lube (U.S.), Driven Brands Inc. (U.S.), Aisin Seiki Co. Ltd. (Japan), Allison Transmission (U.S.), ZF Friedrichshafen AG (Germany), BorgWarner Inc. (U.S.), Schaeffler Technologies AG & Co. (Germany), ZF Friedrichshafen AG (Germany),  and AAMCO (U.S.)

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