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The Increase in the Vehicle Miles Travelled is Expected to Drive the Transmission Repair Market

Ride sharing is a key factor in the growth of the transmission repair market. The growth of ride sharing market is directly proportional to the vehicle parc and average miles driven, which, in turn, drive the growth of the transmission repair market. For instance, in December 2016, Lyft and Uber together reached 500 million miles of coverage from 460 million miles in the US. The growth of ride sharing contributes to the increase in average vehicle miles traveled, which propels the growth of the transmission repair market.

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The Increase in the Vehicle Miles Travelled is Expected to Drive the Transmission Repair Market

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  1. Transmission Repair Market by Component (Gasket & Seal, Fluid, O-ring, Transmission Filter, Gear, Clutch Plate, Pressure Plate, Oil Pump), Repair type (Transmission General Repair, Overhaul), Vehicle Type, and Region - Global Forecast to 2022 www.MarketsandMarkets.com

  2. Transmission General Repair - To show high growth potential By repair type, transmission general repair is expected to dominate the transmission repair market. The market for transmission general repair is expected to grow at the highest CAGR in the next five years. The growth of this segment can be attributed to the increase in the adoption rate of preventive/periodic maintenance services for vehicles to keep the transmission at full efficiency. Preventive/periodic services for transmission increase the vehicle age and enhance fuel efficiency. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=139093827

  3. Growth of ride sharing is expected to drive the market for transmission repair Ride sharing is a key factor in the growth of the transmission repair market. The growth of ride sharing market is directly proportional to the vehicle parc and average miles driven, which, in turn, drive the growth of the transmission repair market. For instance, in December 2016, Lyft and Uber together reached 500 million miles of coverage from 460 million miles in the US. The growth of ride sharing contributes to the increase in average vehicle miles traveled, which propels the growth of the transmission repair market. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=139093827

  4. On the basis of repair type, the transmission repair market is segmented into transmission general repair and transmission overhaul. The growth of the transmission general repair market can be attributed to the increasing adoption of preventive/periodic maintenance services for transmission in vehicles. Preventive/periodic maintenance not only increases the average vehicle age but also enhances fuel efficiency. The growth of the transmission overhaul market can be attributed to factors such as a worldwide increase in vehicle sales, improved infrastructure, and increased average vehicle miles traveled. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=139093827

  5. North America: Largest region for transmission repair market North America is estimated to be the largest market, by value, for transmission repair in 2017. The market growth in North America can be attributed to the increased sales of passenger cars and light commercial vehicles in the region. In addition, the growth of ride sharing, larger vehicle parc, and increased average vehicle miles traveled are expected to boost the market for transmission repair in the region. Asia Pacific is expected to be the fastest growing market during the forecast period due to high sales of vehicles and fast developing infrastructure. The report covers all the major players in the transmission repair market that include companies such as Allison (US), ZF (Germany), BorgWarner (US), Schaeffler (Germany), and Continental AG (Germany) among others. Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=139093827

  6. Market Ecosystem: The transmission repair market consists of various transmission manufacturers such as Allison Transmission (US), ZF (Germany), BorgWarner (US), Schaeffler (Germany), AAMCO (US), and Continental (Germany) among others. Target Audience Distributors and suppliers of automotive transmission components Manufacturers of automotive transmission OEM authorized service centers Transmission repair centers Industry associations and experts Automotive transmission repair workshops Automotive garages Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=139093827

  7. Browse >> 132market data tables 57figures 173 pagesand in-depth TOC "Transmission Repair Market by Component (Gasket & Seal, Fluid, O-ring, Transmission Filter, Gear, Clutch Plate, Pressure Plate, Oil Pump), Repair type (Transmission General Repair, Overhaul), Vehicle Type, and Region - Global Forecast to 2022" Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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