The Transmission Repair market size was valued at USD 173.29 Billion in 2023. The transmission repair industry is projected to grow from USD 181.12 Billion in 2024 to USD 246.81 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.94% during the forecast period (2024 - 2032). The rise in the adoption of MRO services (maintenance, repair, and overhaul) by vehicle owners influences, and the rising use of advanced technologies such as computers and hydraulics required by the transmission specialists to regulate the proper functioning of the transmissions are the key market drivers enhancing the market growth over the forecast period.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for transmission repair is being driven by the growing demand for electric vehicles, which will boost the transmission repair market. The demand for electric vehicles is growing daily, as electric vehicles offer several benefits such as low harmful gases emission, low maintenance costs and others. Electric vehicle manufacturers will use hybrid transmission widely in hybrid electric vehicles (HEV). The hybrid transmission uses a combination of electric motor and combustion engine substantially, reducing the vehicle's fuel consumption, which will boost the transmission repair market revenue.
The growing penetration of electric vehicles worldwide will significantly impact the market growth. The high adoption of electric vehicles can be credited to governmental industries and help for improving the environmental grade to overcome crude oil dependence. Overall, the repair & maintenance expenses of battery electric vehicles are anticipated to be around 40% lesser than that of ICE vehicles. Industry players will gain a competitive edge by creating their products and operations more sustainable, such as restored solutions, and by training a technical understanding of electric vehicle elements drives the transmission repair market growth over the forecast period.
Moreover, the automotive industry is racing toward a new world with growing sustainability, changing consumer behavior, encompassing electric vehicles, connected cars, mobility fleet sharing, and improving lifestyles. Developing economies such as China, India, and Brazil are the most promising economies for the automotive sector. In February 2022, Tata Motors announced the sale of passenger vehicles rose by 47% in the domestic market. Also, in June 2021, passenger car registrations in the European Union expanded by 10% compared to last year. Furthermore, the demand for Special Utility Vehicles (SUVs) has recently surged due to the increasing global leisure and tour activities.
The Transmission Repair market segmentation, based on vehicle type, includes passenger cars and commercial vehicles. The passenger car segment dominated the market, accounting for 35% of market revenue (60.65 Billion). In developing economies, category growth is driven by due to increasing sales of passenger cars and increasing average vehicle miles traveled. However, commercial vehicle is the fastest-growing category over the forecast period due to the rising demand for commercial vehicles all over the globe.
The Transmission Repair market segmentation, based on type, includes transmission general repair and transmission overhaul. The general transmission repair category generated the most income (70.4%). The main job of general transmission repair is to keep all the parts moving smoothly, like gears and clutch. It helps to reduce the heat dissipation and reduce the wear and tear of contact surfaces. Hence, it is a very important factor in increasing the engine's life expectancy. However, transmission overhaul is the fastest-growing category over the forecast period as they are cost-effective which drives the growth of the market.
Figure 1: Transmission Repair Market, by Distribution Channel, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Transmission Repair market segmentation, based on type, includes gaskets and seals, O-rings, transmission filters, gear, clutch plates, oil pumps, and others. The oil pump category generated the most income. This is due to increasing demand for vehicles and increasing average vehicle miles traveled. However, the clutch plate is the fastest-growing category over the forecast period as it assists in preventing damage to other auto parts.
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American transmission repair market will dominate this market due to the life expectancy of vehicles and the growing used cars and passenger vehicles market. The technological advancement and usage of more developed parts and equipment in commercial and passenger vehicles have attracted more demand for used vehicles in this region. Further, the US transmission repair market held the largest market share, and the Canadian transmission repair market was the fastest-growing market in the North American region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Transmission Repair Market Share By Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's transmission repair market accounts for the second-largest market share due to an increase in the sales of electric vehicles drives the market growth in this region. Further, the German transmission repair market held the largest market share, and the UK transmission repair market was the fastest-growing market in the European region.
The Asia-Pacific transmission repair market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to the existence of large production bases in China and India. In March 2020, the China Association of Automobile Manufactures announced that vehicle production and sales volume reached 3.47 million and 3.67 million units. Moreover, China’s transmission repair market held the largest market share, and the Indian transmission repair market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the transmission repair market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the transmission repair industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Transmission Repair industry to benefit clients and increase the market sector. Major players in the transmission repair market, including Allison Transmission (US), ZF Friedrichshafen AG (Germany), BorgWarner Inc. (US), Schaeffler Technologies AG & Co. (Germany), AAMCO (US), Continental AG (Germany), and others, are attempting to increase market demand by investing in research and development operations.
ZF Friedrichshafen AG, a subsidiary of Zeppelin-Stiftung Co, is a technology provider to the automotive industry. It delivers automotive components and systems for several mobility solutions, ranging from motorcycles and construction equipment to trucks and yachts. The company's product offerings include steering and braking systems, occupant safety systems, front and rear axles, transmissions and powertrain modules, and drive components. ZF also delivers integrated solutions across the vehicle life cycle, such as spare parts, conversion and retrofitting repair, preventive overhaul, technical information and advice, training and expert marketing support and remanufacturing of used units. The company has an operational existence in Europe, South America, Asia Pacific, and Africa; and has manufacturing, R&D and other facilities worldwide. In March 2020, ZF Friedrichshafen AG and Wolong Electric Group Co Ltd announced a joint venture on Electric components, which will increase the features of hybrid transmission and boost the hybrid transmission market.
Schaeffler AG is a developer, manufacturer, and supplier of precision products for diverse applications. The firm delivers a broad range of products, including rolling bearings, spherical plain bearings, plain bearings, mechatronics, linear products, and precision components. The company markets these products under INA, LuK and FAG. It provides maintenance of products and services besides digital services. Schaeffler also offers aftermarket services and products to the automotive, aerospace, and industrial sectors. In July 2019, Schaeffler announced its partnership with TruckOn, Continental's digital booking platform for commercial vehicle repairs and services.
March 2024: In a deal that included six sites and concluded on March 31, 2024, Discount Tire, a well-known independent tire and wheel retailer, purchased Suburban Tire Auto Repair Centers' retail tire and vehicle repair business. In addition to providing tires and wheels, Suburban Tire also provides brake, battery, steering, and suspension services to clients in the Chicago region.
With more than 1,200 locations and a comprehensive online shopping experience offered by its Tire Rack brand and Treadwell online research tool, Discount Tire is the biggest family-owned tire retailer in the United States. Previously, Discount Tire had purchased the full-service vehicle repair businesses of Ellisville Tire & Service, located in Saint Louis, and Dunn Tire, which had 25 facilities in New York and Pennsylvania.
Christian Roe, chief revenue officer of Discount Tire, said, "Discount Tire is pleased to increase our service offerings to consumers and fleet operators in and around Chicago." "Suburban Tire's commitment to treating customers right and focusing on safety by providing expert technicians supports Discount Tire's goal of making the tire, wheel, and auto service experience inviting, easy, and safe."
The first Suburban Tire Auto Repair Center was established in Chicago in 1976 by Duke and Susan Leffler. The third generation family member Nathan Leffler and his father, Steve Leffler, run the family-owned firm today together with Gordon Leffler, the son of the founders Duke and Susan, after over 50 years of serving the community and growing to a multilocation regional network. Gordon and Nathan will continue to oversee the day-to-day retail and service operations for the brand, reporting to Discount Tire's Earl Davidson and Chris Adams, who are in charge of the business division that provides full-service products.
"We are pleased to join the Discount Tire brand and continue to serve customers across Chicago with the level of care our family has practiced for decades," said Gordon Leffler. "For our team at Suburban Tire, Discount Tire's culture and how it treats its people were an important part of our decision on the future."
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 173.29 Billion |
| Market Size 2024 | USD 181.12 Billion |
| Market Size 2032 | USD 246.81 Billion |
| Compound Annual Growth Rate (CAGR) | 3.94% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Components, Vehicle Type, Type, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Allison Transmission (U.S.), ZF Friedrichshafen AG (Germany), BorgWarner Inc. (U.S.), Schaeffler Technologies AG & Co. (Germany), AAMCO (U.S.), Continental AG (Germany), Jiffy Lube (U.S.), Driven Brands Inc. (U.S.), Aisin Seiki Co., Ltd. (Japan), and ZF Friedrichshafen AG (Germany) |
| Key Market Opportunities | Rise in infrastructural improvements and automobiles sales globally |
| Key Market Dynamics | Rising sales of automobiles and demand for OEM technologies Rise in the adoption of MRO services (maintenance, repair, and overhaul) by vehicle owners |
Transmission Repair Market Highlights:
Frequently Asked Questions (FAQ) :
The Transmission Repair market size was valued at USD 173.29 Billion in 2023.
The Transmission Repair market is projected to grow at a CAGR of 3.94% during the forecast period, 2024-2032.
North America had the largest share of the Transmission Repair market
The key players in the transmission repair market are Allison Transmission (US), ZF Friedrichshafen AG (Germany), BorgWarner Inc. (US), Schaeffler Technologies AG & Co. (Germany), AAMCO (US), Continental AG (Germany), Jiffy Lube (US), Driven Brands Inc. (US), Aisin Seiki Co., Ltd. (Japan), and ZF Friedrichshafen AG (Germany).
The oil pump category dominated the transmission repair market in 2022.
General transmission repair had the largest share in the Transmission Repair market.
The passenger car had the largest share in the Transmission Repair market.
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