The Transmission Repair Market is projected to grow at a CAGR of 3.25% during the forecast period, to reach USD 233.70 billion by 2022. The adoption of preventive/periodic maintenance services for transmission, extended warranty, and growth of advanced technologies are triggering the market for transmission repair. Other factors driving the transmission repair market are the increase in ride sharing and rise in vehicle parc volume.
Continuous innovations in transmission technology, which requires a high level of expertise, are expected to drive the growth of the transmission repair market in the next five years. For instance, in November 2016, BorgWarner launched an electric drive module (eDM) with integrated eGearDrive transmission in two electric vehicles. eDM provides primary or secondary thrust to electric vehicles. The integrated design of the electric motor and transmission in eDM offers benefits such as weight, cost, and space savings. The eGearDrive transmission increases thecontinue reading →