Press release
Automotive Transmission Repair Market to Reach USD 303.6 Billion by 2032, Driven by Technological Innovations and Rising Used Vehicle Demand
Technologies such as shift-by-wire systems, AI-driven diagnostic tools, and the increasing integration of electronic control units (ECUs) into modern vehicles are driving the repair needs. Despite challenges such as the high cost of repairs and the shortage of skilled technicians, the market is benefiting from the continuous demand for repair services, especially from used vehicle owners.
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Key Insights
The global automotive transmission repair market is projected to grow from USD 238.8 billion in 2024 to USD 303.6 billion by 2032, reflecting a CAGR of 3.2%.
Rising vehicle sales, particularly in the used vehicle segment, are driving demand for transmission repairs, with the used vehicle market expected to reach USD 3.7 trillion by 2030.
Technological advancements, including shift-by-wire systems and AI-powered diagnostics, are increasing the complexity of repairs, thereby boosting the demand for specialized services.
Oil pumps are expected to dominate the market due to their essential role in both manual and automatic transmission systems, while clutch plates will see the highest growth due to increased awareness of vehicle maintenance.
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Transmission general repair services will hold the largest market share, but transmission overhauls will grow at a faster pace as vehicle owners seek more cost-effective ways to extend the life of their cars.
North America is the largest market for automotive transmission repairs, while Asia-Pacific is expected to experience the fastest growth during the forecast period.
High repair costs, particularly for high-performance vehicles and complex transmission systems, present a significant challenge to market growth.
Browse More Report Published by P&S Intelligence:
U.S. Auto Parts Manufacturing Market Size & Growth Analysis: https://www.psmarketresearch.com/market-analysis/us-auto-parts-manufacturing-market
U.S. ATV , Golf Cart & Snowmobile Market Size & Trends Analysis: https://www.psmarketresearch.com/market-analysis/us-atv-golf-cart-snowmobile-market
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