Argentina Automotive Transmission Market Overview, 2029

Argentina Automotive Transmission Market Overview, 2029

Argentina, one of the leading economies in Latin America, has a thriving automobile manufacturing sector that has a heavy focus on the production of passenger cars, trucks, and farm equipment. In this ecosystem, the gearbox business is vital because it supplies parts that are needed for car assembly and production lines. Multinational automakers and local manufacturers have long had collaborations in Argentina's automobile industry, which has facilitated knowledge transfer and the development of gearbox production competence. Furthermore, the nation's advantageous position and easy access to local markets have made it a major participant in the global automotive supply chain. Argentina's gearbox sector, propelled by innovation, skilled labor, and a dedication to satisfying domestic and worldwide demand, continues to exhibit resilience and adaptation in the face of obstacles like economic volatility and regulatory changes. Opportunities for expansion and diversification are anticipated to arise as the automobile industry shifts towards electrification and sustainability, further securing Argentina's standing as a major player in the global gearbox market. The industries reach goes beyond home manufacturing; gearboxes are a major export from Argentina to surrounding Latin American nations and other regions. A number of obstacles affect the industry's competitiveness and growth trajectory, including currency fluctuations, regulatory changes, and dynamics of the worldwide market. However, there are many chances for the gearbox sector to prosper and grow both locally and globally because to Argentina's advantageous location in the automotive supply chain and government measures to support industrial development and innovation. The gearbox industry in Argentina is well-positioned to adjust and seize new possibilities as the automotive sector undergoes changes in response to rising trends like electrification and autonomous cars. This ensures the industry's continuous relevance and contribution to the nation's industrial environment.

According to the research report,"" published by Bonafide Research, ""Argentina Transmission Market is expected to grow up to 1.12 USD Billion from 2024 - 2029. Even if based on the segments in Brazil, there are two segments in transmission which are types of transmission and vehicle types. Different types of transmissions are widely used in Brazil's automotive and industrial sectors. Sequential, dual-clutch, CVT, automatic, and manual gearboxes are common varieties in the automobile sector. While automated gearboxes offer smooth gear changes for improved driving comfort, manual gearboxes give control through manual gear shifting. While dual-clutch transmissions (DCT) allow for quick gear changes and are especially well-suited for high-performance cars, continuously variable transmissions (CVT) continually alter engine speed without the need for set ratios. Different gearbox types serve different purposes in industrial settings, such as torque converter, constant mesh, and pre-selector gearboxes. These gearbox types provide distinct benefits depending on the demands of the operation and performance standards. In Brazil, the tendency is moving away from the most common and antiquated gearbox types and towards more sophisticated and effective ones. Because of their efficiency and current technology, automated transmissions—like the ZF-produced Taxon 12 and 16-speed transmission box—are becoming more and more popular. Automatic transmissions are becoming more and more widespread in medium- and semi-heavy vehicles as well as heavy trucks, bringing Brazil into line with the European market where automatic gearboxes are widely used. The desire for increased fuel efficiency, operating convenience, and performance has prompted a shift away from traditional manual gearboxes and towards automated ones. The transition to automated transmissions is part of a larger industry trend towards increasingly complex and high-tech gearbox systems to satisfy changing requirements for effectiveness, performance.
These passenger cars have become the best-selling models, demonstrating the nation's strong desire for small, functional cars. However, Brazil is still in the early stages of the development of electric and hybrid cars, with premium manufacturers like Porsche and Volvo selling imported electric versions at higher price points and creating hybrids domestically. The market for hybrid and electric cars is progressively changing, with an emphasis on infrastructure development and affordability to encourage the use of these greener options. Although passenger automobiles still dominate the Brazilian market, as the nation shifts to more environmentally friendly modes of transportation, electric and hybrid vehicles are gaining ground and becoming a bigger part of the automotive sector. The automotive industry in Brazil includes a wide range of vehicle types, such as passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs), all of which have different uses and satisfy different demands in terms of transportation. Passenger vehicles are popular because of their small size and good fuel economy, which makes them perfect for city commuting. Examples of these include subcompact automobiles like the Volkswagen Polo. Efficient transportation of products and services is greatly aided by light commercial vehicles such as those provided by Mahindra Truck & Buses.


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

Aspects covered in this report
• Automotive Transmission 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 Transmission Type
• Manual
• Automatic
• Automated Manual Transmission (AMT)
• Others (CVT, DCT)

By Vehicle Type
• Passenger Vehicles (passenger cars, Two wheelers, Suv,..)
• LCVs
• HCVs

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 Transmission 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.

Keywords:
Automotive Transmission, Manual, Automatic, Automated Manual Transmission (AMT), Others (CVT, DCT), Passenger Vehicles (passenger cars, Two wheelers, Suv,..), LCVs, HCVs.