Rebuilt and Remanufactured Transmissions Market in North America 2023

Rebuilt and remanufactured transmissions are two options available to vehicle owners who need to replace their transmission. A rebuilt transmission involves taking an existing transmission apart, inspecting and replacing any worn or damaged parts, and then reassembling it to factory specifications. The process of rebuilding a transmission is often less expensive than purchasing a brand new one, but it can still be costly and time-consuming. On the other hand, a remanufactured transmission involves completely disassembling the transmission, cleaning and inspecting all parts, replacing any worn or damaged components, and then reassembling it to meet or exceed original factory specifications. Remanufactured transmissions are often considered to be of higher quality than rebuilt transmissions, as they undergo a more thorough and rigorous rebuilding process. Remanufactured transmissions are typically more expensive than rebuilt ones, but they often come with a warranty that covers parts and labor. This makes them a popular choice for vehicle owners who want to ensure that their vehicle's transmission is reliable and long-lasting. The rebuilt and remanufactured transmissions market in North America is anticipated to increase by USD 0.8 billion till 2029 at an average annual growth of 3.7 percent as per the latest market estimates.

This industry report offers market estimates of the North America market, followed by a detailed analysis of the product, transmission type, and country. The North America market data on rebuilt and remanufactured transmissions can be segmented by product: rebuilt transmissions, remanufactured transmissions. Among these, the remanufactured transmissions segment was accounted for the highest revenue generator in 2022. Rebuilt and remanufactured transmissions market is further segmented by transmission type: automatic transmissions, manual transmissions. The automatic transmissions segment is estimated to account for the largest share of the rebuilt and remanufactured transmissions market in North America. Based on country, the rebuilt and remanufactured transmissions market is segmented into: United States, Canada. United States held the largest share of the North America rebuilt and remanufactured transmissions market in 2022 and is anticipated to hold its share during the forecast period.

The North America rebuilt and remanufactured transmissions market is highly competitive. As of 2022, the major players in the North America rebuilt and remanufactured transmissions market were AER Manufacturing LP., ATC Drivetrain Inc, AW Transmission Engineering USA Inc. , Caterpillar Inc., Certified Transmission Rebuilders Inc, Dynamic Manufacturing Inc., ETE REMAN (Engine and Transmission Exchange Inc.), JASPER Engine & Transmission Exchange Inc., JATCO Ltd., LKQ Corporation, Moveras LLC, NK Parts Industries Inc., Powertrain Products Inc., Transmission Remanufacturing Company.

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