The report presents an in-depth assessment of the Automotive Transmission Repair Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Automotive Transmission Repair investments from 2021 till 2025.
Automotive Transmission Repair market is growing at a CAGR of 4% during the forecast period (2021-2025).
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The Automotive Transmission Repair market is highly competitive and consists of a number of major players. Top Companies like Schaeffler, Allision Transmission, Borgwarner, ZF AG, Continental AG, Mister Transmission, Amco Transmission, Lee Myles Autocare and Transmission, Firestone Complete Auto Care, Cottman Transmission and Total Auto Car
Industry News And Developments:
In October 2018, Schaeffler launched new dry and wet double clutch repair solutions for the Automotive Aftermarket. This product ensures more driving comfort and lower fuel consumption at the same time. Schaeffler recognized early the potential of this technology for the Automotive Aftermarket and became a pioneer in double clutch repair when it developed the LuK RepSet 2CT repair solution.
Scope of the Report
– With the advancement in technology and enhanced material quality, the life and quality of spare parts has increased the life of vehicles both commercial and passenger vehicles. Also, there is a growth in demand for used vehicles and increasing average vehicle miles traveled every year. For instance, in March 2018, Government of India decided to increase the life of commercial vehicles to 20 years which was 15 years previously.
– The sales of used cars in United States grew with a CAGR of more than 2.2% and outperformed the sales of new cars during the period of 2014-18. In United Kingdom during the same period, the sales of used cars increased with a rate of 1.36%. In India where the auto sector is going through tuff times, the used car market is blooming with a double-digit growth rate.
Key Market Trends
Transmission Oil segment Captures Highest Market Share
To maintain the fluid viscosity and make sure there is required friction available between the surfaces, it is advisable to change the transmission oil after a particular time period or range covered by the vehicle whichever is occurs early. Hence, to maintain the engine performance and life the vehicle owner replaces the transmission fluid on a regular basis.
Large application scope in many automobiles is key driving factors of this segment.
With development of electric vehicles, transmission systems are introduced in the EVs and the major players in the segment are providing solutions for requirement of EV transmission systems. For instance, in May 2019, Shell Lubricants, launched E-Transmission Fluids, E-Thermal Fluids and E-Greases will make battery EVs perform better and be more efficient. This is part of Shell’s ongoing drive to support electric mobility and offer more and cleaner energy solutions for its customers.
Asia-Pacific is Expected to be the Fastest Growing Market
In China the demand for used passenger cars during the period 2015-2019, witnessed a growth of more than 10%. The organized players in the region are also looking as used car sector as an opportunity and this is fueling the demand in used vehicles segments and henceforth, the demand in automotive transmission repair market is growing altogether.
Many major players in the region are expanding their portfolio to cater the demand for aftermarket customers in the region. For instance, in May 2019, Schaeffler’s Automotive Aftermarket division expanded its portfolio for clutch repair of Asian vehicles. Under its LuK brand, Schaeffler offers more than 450 articles from individual parts like dual-mass flywheels and concentric slave cylinders, all the way to intelligently conceived repair solutions.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Automotive Transmission Repair Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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