Transmission Repair Market to grow at 4% compound annual growth rate by 2018 to 2023, according to “Global Transmission Repair Market Size, Share, Trends, Growth and Regional Forecast Industry Report” published by Market Research Future. This report comprises comprehensive information on Transmission Repair Market Forecast data up to 2023, with historic and current market information. Transmission Repair Industry analysis done by Component (Gaskets & Seals, O-ring, Gear, Clutch Plate, Oil Pump), Repair type (Transmission General Repair, Transmission Overhaul), Vehicle Type (Passenger Car, LCV, HCV), and region.
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Global Transmission Repair Market Highlights:
Transmission Repair Market Key Companies Studied in this report are – 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), ZF Friedrichshafen AG (Germany) and others.
The global transmission repair market is very dynamic and is expected to witness a significant growth over the forecast period. Transmission is one of the most important parts of an automobile and driven by its capability to increase fuel efficiency, it is gradually gaining a lot of attention among the major vehicle manufacturers. The market is largely dependent on the expanding automotive industry which is a direct result of its increasing sales.
Questions Answered in Report:
- Which region going to dominate Transmission Repair Market In Coming Years?
- What will be the market size, share forecast?
- What are the drivers and challenges of the market?
- What are the upcoming trends in the Transmission Repair payments market?
- Which are the key vendors operating in the market?
The market is further expected to experience huge potential of expansion during the forecast period due to the increase in investment by the original equipment manufacturers for manufacturing bigger cars donned with efficient transmission systems. Other factors driving the growth of the market are increasing number of miles covered by an automotive throughout its life which in turn has resulted in an increase in the average age of the vehicles. Furthermore, the rapid improvements in infrastructure along with the increase in the sales of automobiles worldwide is also expected to spur the growth of the market.
Market Segments Analysis:
The global transmission repair market has been divided as components, repair type, vehicle type and regions.
On the basis of components, the market is segmented into gaskets and seals, o-ring, transmission filter, gear, clutch plate, oil pump and others. Gaskets and seals has been reported to dominate the global market by type as of 2016 in terms of market revenue.
On the basis of repair type, the market has been segmented as transmission general repair and transmission overhaul.
On the basis of vehicle type, the market has been segmented into passenger car, light commercial vehicle and heavy commercial vehicle. Among these, light commercial vehicle accounted the highest market share in 2016 in terms of revenue.
Based on Region transmission repair market has been divided into four major regions such as North America, Europe, Asia Pacific and the Rest of the World. The North American region is expected to dominate the global transmission repair market over the forecast period.
However, the Asia Pacific region is expected to grow with the highest CAGR owing to the flourishing automobile industry in the region. Also, need of transmission repairs is very frequent owing to the increased emission norms driven by the rising environment concerns majorly in countries such as China and Japan.
Research Methodology:
Market Research Future (MRFR) employs innovative statistical algorithms for gathering impactful market insights that can drive business decisions. An in-depth analysis of constantly evolving market trends combined with a study of historical data is leveraged for providing accurate competitive intelligence. The statistical observations made in our reports are backed by data procured through extensive primary and secondary research which include interviews with stakeholders, SEC filings, whitepaper references, annual reports of key players, etc. Top-down and bottom-up approaches are employed for authenticating the credibility of the market foresight delivered. A multi-layer verification process reaffirms the market size and revenue estimation. MRFR strives to provide reliable and transparent information that helps clients in developing growth strategies.
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4.1 Introduction
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
Continued…
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