Argentina Automotive Breaking Market Overview, 2029

Argentina Automotive Breaking Market Overview, 2029

Argentina's use of car braking systems is a reflection of the development of automobile technology over time, from simple mechanical brakes to advanced contemporary systems. Initially, primitive and ineffective braking systems like wooden blocks or drums wrapped in cables were used by early cars in Argentina. Innovations in brake technology were incorporated into the Argentine automotive industry as it developed internationally. Argentina's braking system development was impacted by the global trend towards more sophisticated solutions. An important turning point in braking technology was the development of anti-lock braking systems (ABS). The idea behind ABS originated in the early 1900s and the 1971 and during that time the first vehicle in production to include a computerised 4-wheel ABS system. In the 1970s, major automobile companies enhanced ABS systems, which increased control and safety on Argentinean roadways. Trade deficits and a dependency on foreign technology resulted from Argentina's automobile industry's struggles to completely integrate local manufacturing of braking systems and components notwithstanding these developments. This reliance on imported technology draws attention to more significant structural problems in Argentina's manufacturing sector, which have an effect on local production and the uptake of cutting-edge braking systems. Argentina is one of the three biggest automakers in Latin America and one of the top 50 car-producing nations in the world. Because of its contributions to industrial employment, gross output value, and total exports, among other factors, the automotive industry is one of the most significant within the nation's economic and social framework. However, local or transient issues have not been the only cause of the ups and downs the Argentine automotive complex has experienced in recent decades. The industry faces the challenges inherent in manufacturing in a semi-peripheral nation that is structured around global value chains.
According to the research report ""Argentina Automotive Breaking System Market Overview, 2029,"" published by Bonafide Research, the Argentina Automotive Breaking System Market is forecasted to grow up to 0.5% CAGR from 2024 to 2029. The disc brake system is the most popular type of automobile brake system in Argentina, according to the data in the search results. Rising sales of both passenger and commercial cars are driving the expansion of the automotive brake systems market in Latin America, including Argentina. This is creating a spike in demand for safety-critical parts including anti-lock braking systems (ABS) and brakes. Furthermore, the growing car manufacturing sector in the region—particularly in nations like Brazil, which have a significant automotive industry and are major players in the worldwide market—is anticipated to increase demand for automotive disc brakes. In addition to disc brakes, hydraulic brakes are another form of brake that has a substantial market share. The hydraulic braking system with drum brakes is another type of brake that has a substantial market share. In order to create friction and slow down the vehicle, hydraulic drum brakes work by expanding brake shoes against the inner surface of a rotating drum. Hydraulic drum brakes are a common sight on Argentine roads; despite their lower performance and heat dissipation compared to disc brakes, they are dependable and affordable alternatives.
Many car kinds dominate the Argentine market in terms of popularity and sales, which reflects the wide range of consumer tastes and demands for transportation. In Argentina, small cars are one of the most popular car categories. Commercial vehicles are essential to many sectors of the Argentine economy, including construction, transportation, agriculture, and logistics. Trucks and vans are the most common types of commercial vehicles and form the core of the nation's network for the delivery of commodities. Vans are frequently used for local deliveries and urban logistics, while trucks are necessary for the long-haul transportation of commodities including manufactured items, agricultural products, and building materials. Furthermore, buses play a crucial role in Argentina's public transportation network by giving commuters in the nation's cities and villages their necessary mobility. Due to worries about air pollution and climate change, there has been an increase in interest in electric and alternative fuel commercial cars in Argentina in recent years. Fleet managers and companies that care about the environment will find electric trucks and vans appealing because they provide zero-emission transportation options. Furthermore, in order to encourage the use of electric vehicles, the Argentine government has put in place incentives and subsidies, which has further fueled the expansion of this market. Motorcycles and scooters are common two-wheel drive vehicles in Argentina, particularly in cities where traffic congestion is a problem. Motorcycles are great for manoeuvring through congested city streets and small lanes because they are economical, fuel-efficient, and agile vehicles. Furthermore, a lot of food delivery services and courier businesses utilise motorbikes, which adds to their widespread adoption in Argentina's urban transportation ecosystem.
In Argentina, the OEM (Original Equipment Manufacturer) channel is the most popular sales channel. With an emphasis on direct store operations and bolstering retailing initiatives, OEMs use this channel to sell their vehicle parts to independent aftermarket distributors and retailers. OEMs want to supply effective aftermarket delivery methods, affordable prices, and higher customer interaction. The OEM aftersales model is changing from a traditional warranty-focused one to a more comprehensive and customer-centric one, incorporating extended warranty periods, telematics, and in-vehicle technology. In Argentina, the OEM channel is leading the way in the automobile aftermarket, prioritising customer connection, convenience, and service innovation through the use of sophisticated technologies and digitization. However, the Aftermarket and the e commerce platforms are still at the growing stage. In Argentina's automobile sector, the choice of sales channels is primarily based on the product's characteristics and the company's level of market knowledge in the region. Selling through a distributor is frequently more efficient for businesses that are new to the Argentine market. Big businesses typically purchase directly from foreign suppliers, whereas smaller businesses would rather use an intermediary.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Automotive Breaking System market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Disk Brake
• Drums Brake
• Others

By Vehicle Type
• Two wheelers
• Passenger Vehicles
• Commercial Vehicles

By Sales channel
• OEM
• After Market

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Automotive Breaking System industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.