USD 239.3 billion
Transmission Repair Market Size, Share, and Growth Analysis
Transmission Repair Market By Components (Gaskets and Seals, Fluids), By Repair Type (Transmission General Repair, Transmission Overhaul), By Vehicle Type (Passenger Car, Light Commercial Vehicle), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25A2367 |
Region:
Global |
Published Date: January, 2025
Pages:
223
|Tables:
93
|Figures:
76
Format -
Transmission Repair Market Insights
Global Transmission Repair Market size was valued at USD 239.3 billion in 2023 and is poised to grow from USD 250.31 billion in 2024 to USD 358.7 billion by 2032, growing at a CAGR of 4.6% during the forecast period (2025-2032).
The global transmission repair market is growing exponentially due to increasing adoption of advanced transmission technologies by automakers this includes dual clutch transmissions (DCTs), continuously variable transmissions (CVTs), automatic manual transmissions (AMTs), and other systems wonderful. Manufacturers are blending advanced drivetrain technologies to improve vehicle performance, fuel efficiency and reduce emissions. As complex modern transmission systems require specialized maintenance procedures, equipment and trained technicians to deal with damage to electronic controls, software programs, and transportation equipment. As more vehicles with advanced transmission equipment enter the market, the need for maintenance services increases, giving rise to vehicle maintenance making progress. Additionally, the probability of fleet-related issues and failures increases, increasing the demand for repair and replacement services.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Spare Parts
Fastest Growth
Paints & Coatings
Growth Rate
4.6% CAGR
Global Transmission Repair Market ($ Bn)
Country Share for North America Region (%)
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Transmission Repair Market Segments Analysis
Global Transmission Repair Market is segmented by Components, Repair Type, Vehicle Type and region. Based on Components, the market is segmented into Gaskets and Seals, Fluids, Transmission Filters, O-Rings, Axles, Flywheels, Gears, Clutch Plates, Pressure Plates and Oil Pumps. Based on Repair Type, the market is segmented into Transmission General Repair and Transmission Overhaul. Based on Vehicle Type, the market is segmented into Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Vehicle Type
In 2022, the light-duty segment emerges as the dominant force in the global transmission repair market, with a high revenue share of 71.6%. This segment mainly covers popular vehicles such as hatchbacks and sedans. SUVs and crossover vehicles. Some of the factors driving the demand for lightweight vehicles include growing preference for alternative modes of transportation, government initiatives aimed at improving fuel efficiency and alternative fuel vehicles and so therefore, sales of light vehicles are expected to increase during the forecast period.
The heavy vehicle segment is estimated to grow at a compound annual growth rate (CAGR) of 1.5% during the forecast period. This segment includes multi-axle commercial vehicles such as trucks and buses, which are primarily used to transport large quantities of goods within a country or region. Growing business activities in various industries are expected to drive demand for internal vehicles equipped with advanced technology for efficient vehicle loading operation.
Analysis by Product
The spare parts segment emerged as the major driver in the global transmission repair market in 2022, accounting for the largest revenue share of 64.2%. This segment encompasses various components used in the provision of automotive services, including accident parts, repair parts, mechanical parts attachments, restoration materials and tools replacement spare parts. The main cause is the increase in road accidents, which cause critical components such as the grille, bumper, fenders, dents, scratches etc. Buyers recognize the importance of maintenance and repair to improve vehicle performance and extend its life.
The paints & coatings segment is expected to exhibit the fastest annual growth rate (CAGR) of 2.7% during the forecast period. The growth of this segment can be attributed to the rapid development of painting and coating technologies, which meet the latest requirements and aesthetic requirements for protective automotive components. While responding to materials with increasing environmental concerns, the acceptance of eco-friendly paints and coatings that conform to stringent regulations is increasing environmentally and human health. The macro markets are expected to witness increased adoption of the paints & coatings segment owing to the increasing awareness of adverse effects of coatings and raw materials.
Global Transmission Repair Market By Product (%)
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Transmission Repair Market Regional Insights
North America is the dominating region in the market which has generated the highest revenue in the global transmission repair market during the forecast period. This was due to large automakers operating in the region's countries that increased production and sales of commercial vehicles and heavy vehicles by $1 billion, contributing $30.1 billion (about $93 per person in the US) to the federal highway tax. Additionally, larger companies engage in products and services that extend the life of shipments, improving operational efficiency.
The Asia-Pacific region in the market is expected to register the fastest growth in revenue of the global transmission repair market during the forecast period. This is attributed to increasing disposable income, which has boosted vehicle sales and the accompanying accelerated growth in the automotive industry is also expected to boost market revenue in this segment, which has increased over the forecast period. Similarly, in recent years, the Chinese government has taken significant steps to curb emissions and reduce air pollution through strict control measures.
Global Transmission Repair Market By Geography
- Largest
- Fastest
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Transmission Repair Market Dynamics
Transmission Repair Market Drivers
Growing Demand for Electric Vehicles
- Growing demand for electric vehicles is set to fuel the growth of the market. The demand for electric vehicles is increasing day by day, as electric vehicles offer many advantages such as lower emissions, lower maintenance costs, etc. Power producers the vehicle is moving towards greater use of hybrid electric vehicles in hybrid electric vehicles (HEVs). The hybrid transmission effectively uses the combination of electric motor and combustion engine to reduce the vehicle's fuel consumption, which will drive the growth of the transmission repair market.
Technological Advances in Automobiles
- The introduction of advanced technologies, such as advanced driver assistance systems (ADAS) and safety features, has been a major driver of the collision repair market. These technologies enhance vehicle safety and reduce the possibility of accidents has come up. However, these systems need to be repaired and restored. As a result, collision repair shops must invest in specialized equipment and training to handle this advanced technology. The increasing use of ADAS and safety features in vehicles including autonomous emergency braking (AEB) and lane departure warning systems has increased the demand for collision repair work.
Transmission Repair Market Restraints
Rising Vehicle Ownership
- One of the important things fueling the growth of the global transmission repair market is the growing automobile ownership international coupled with the getting old automobile fleet. As the worldwide population grows, urbanization expands, and disposable incomes rise, the call for personal cars, business motors, and mild vans keeps increasing. Consequently, the global vehicle parc is increasing, leading to a bigger variety of vehicles requiring protection and restore offerings, including transmission maintenance. Additionally, the common age of motors in lots of areas is on the upward thrust, pushed with the aid of elements which includes stepped forward automobile sturdiness, monetary considerations, and shifting purchaser choices in the direction of used automobiles. As motors age, the probability of transmission-associated issues and screw ups will increase, necessitating repair and alternative services.
Complex Automotive Technology
- The increasing complexity of modern vehicles has presented a major challenge to the collision repair industry. Advanced, electronic and integrated systems require expertise and specialized equipment for maintenance and repair. Repairing and reinstalling these complex systems can result in high maintenance costs and long maintenance times. Moreover, lack of experienced engineers in dealing with these advanced technologies further limits the growth potential of the market.
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Transmission Repair Market Competitive Landscape
The global transmission repair market is highly competitive in nature, characterized by the presence of several key players trying to gain market share. These companies focus to expand their services within the offering, increasing their repair capabilities, equipping complex facilities to meet the growing demand for collision repair services such as developments, partnerships, mergers and acquisitions, and investing in research and development. In a competitive environment, partnerships and collaboration are especially important when firms seek to build on each other's capabilities. Working together with automakers and insurers helps simplify repairs, allowing for better communication and faster processing of claims. Additionally, partnerships with technology companies and equipment suppliers provide access to the latest technology and maintenance equipment, enhancing the company's capabilities and services offerings.
Top Players in Transmission Repair Market
- AAMCO Transmissions, Inc. (USA)
- Mr. Transmission (Canada)
- Lee Myles Transmissions (USA)
- Midas International (USA)
- Meineke Car Care Centers (USA)
- Christian Brothers Automotive (USA)
- Jasper Engines & Transmissions (USA)
- ATCO Remanufacturing (USA)
- Transtar Industries (USA)
- BorgWarner Inc. (USA)
- ZF Friedrichshafen AG (Germany)
- AutoMD (USA)
- Precision Transmission (USA)
- Allied Transmission (USA)
Recent Developments
- On July 6, 2023, Allison Transmission increased its presence in Saudi Arabia and Qatar by partnering to provide clean, sustainable transportation systems throughout the Middle East Allison soon with a Chinese Hajj and Umrah in Saudi Arabia formed the partnership, which provides 40 Buses equipped with Allison transmissions for the first time, highlighting the vital role Allison plays in supporting the country’s transportation needs for these important religious occasions.
- In June 2022, BASF SE launched the "Glasurit 100 Line", a new water-based basecoat system that improves color accuracy, faster drying time and reduced energy consumption during refinishing.
- In March 2022, Akzo Nobel N.V., a specialist in coatings and painting, offered a new generation of abrasion-resistant clearcoats, aimed at improving durability and protection automotive remanufacturing.
Transmission Repair Key Market Trends
- Rising Widespread Use of Advanced Transmission Technologies: A major trend in the global market is the increasing adoption of advanced technologies by automobile manufacturers and services. As vehicle manufacturers seek to meet fuel efficiency standards stronger to improve vehicle performance, sophisticated transmission systems including dual clutch transmissions (DCTs) are incorporated, featuring continuously variable transmissions (CVTs), automatic manual transmissions (AMTs) etc. This advanced technology delivers benefits such as smooth shifting, improved fuel efficiency, improved driving efficiency, and reduced emissions because of specialized maintenance for this complex transmission system. The need for maintenance work increases. Auto repair shops and transmission specialists invest in training, inspection tools and maintenance procedures to properly handle modern transmissions and address issues related to electronic control, software programming and component wear. This trend is driving the transmission repair market development into specialized, technologically advanced industries.
Transmission Repair Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The rise of electric vehicles across the globe will significantly impact the market growth. The increased use of electric vehicles can be credited to government projects and can help improve the environment by eliminating crude oil. Overall, battery-powered vehicles are expected to be about 40% lower in maintenance and repair than ICE vehicles. With increasing adoption of electric vehicles, the global transmission repair market is witnessing demand for EV specific maintenance and repair. The increasing complexity of modern vehicles poses a significant challenge to the collision repair industry. Advanced, electronic and integrated systems require expertise and specialized equipment for maintenance and repair.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 239.3 billion |
| Market size value in 2032 | USD 358.7 billion |
| Growth Rate | 4.6% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Transmission Repair Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Transmission Repair Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Transmission Repair Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Transmission Repair Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Transmission Repair Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Transmission Repair Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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