Transmission Repair Market – Industry Analysis and Forecast (2017-2026) _ by Component (Transmission General Repair and Transmission Overhaul), by Repair Type (Transmission General Repair and Transmission Overhaul), by Vehicle Type (Passenger Vehicle, Light Commercial Vehicle and Heavy Commercial Vehicle) and by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)
Transmission Repair Market valued USD 199.13 Billion in 2017 and expected to reach USD 265.07 Billion by 2026, at a CAGR of 3.23%.
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Factors expected to drive the market growth are rising demand for commercial vehicles, increasing vehicle sales increasing average vehicle miles travelled every year.
Report includes assessment of market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2016 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities, market analysis and comprehensive segmentation with respect to the on component, repair type, vehicle type, and geography to assist in strategic business planning.
Availability of cost-effective measures for transmission repair is trending the overall Transmission Repair market. However, increased use of Motor Generators in Electric Vehicles is estimated to restrain the market growth.
Passenger Car sub segment is expected to witness the significant growth
Passenger Car segment is expected to lead the market growth in forecast period, Increasing average vehicle miles travelled and increased sales of passenger cars in developing countries such as China, India, and Russia and High growth projections of BEVs and PHEVs in several countries are expected to fuel passenger car market growth.
North America is expected to dominate the Transmission Repair Market during forecast period
North America is expected to lead the market during the forecast period. Increasing commercial vehicle sales, developed infrastructure will fuel the market in North America region.
Scope of the Report:
Transmission Repair Market, By Component: Transmission Overhaul and Transmission General Repair
Transmission Repair Market, By Repair Type: Transmission General Repair (TGRM) and Transmission Overhaul (TOM)
Transmission Repair Market, By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle and Heavy Commercial Vehicle
Transmission Repair Market, By Geography: North America, Europe, Asia Pacific, Middle East, Africa and Latin America
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