Canada Automotive Transmission Market Overview, 2029

Canada Automotive Transmission Market Overview, 2029

Canada is a major player in the transmission vehicle industry, combining growing manufacturing and strong customer demand. One of the largest car markets in the world, it shows a clear preference for automatic gearboxes, which supports consistent demand in the nation. Although Canada may not be able to compete with major automotive centers like Japan or Germany in terms of gearbox manufacture, the country does have a number of notable firms in the sector. Businesses that cater to both domestic and foreign markets, such as Linamar Corporation and Magna International, have made a name for themselves in the domestic gearbox manufacturing scene. Furthermore, because gearboxes are frequently imported from other nations to satisfy the wide range of demands of Canadian automakers and customers, the automobile industry in Canada is closely linked to the global supply chain. This interdependence highlights Canada's importance in the gearbox car market, where it has a major influence on the dynamics of the industry both at home and overseas.

According to the research report ""Canada Transmission Market Overview, 2029,"" published by Bonafide Research, the Canada Transmission Market is expected to grow with 7.27% CAGR from 2024 to 2029. Even if based on the segments in Canada, there are two segments in transmission which are types of transmission and vehicle types. To accommodate the wide range of consumer preferences, the automotive industry in Canada provides a wide range of gearbox options. The automatic gearbox, which is highly valued for its practicality and ease of use, especially in urban settings and during periods of high traffic, is the most prevalent kind of gearbox found in automobiles across the nation. Different automatic transmissions have different benefits in terms of performance, fuel efficiency, and driving experience. Traditional torque converter automatics, continuously variable transmissions (CVTs), and the increasingly popular dual-clutch transmissions (DCTs) are some of the variations. In addition to automatic transmissions, manual gearboxes continue to be a specialized but popular option for Canadian drivers who like having more control over their gear choices and a more involved driving experience. Drive enthusiasts tend to like manual gearboxes, which are frequently featured in sports cars and other performance-oriented vehicles. But with the advancement of more sophisticated and fuel-efficient automatic gearboxes, their popularity has decreased recently. In addition to popular choices, Canada is witnessing a rise in interest in alternative gearbox technologies, such electric and hybrid drivetrains. Automatic gearboxes are a common element of hybrid cars, which are frequently combined with electric motors to maximize fuel economy and lower emissions. Conversely, direct-drive systems or single-speed gearboxes are used by electric vehicles (EVs), which offer smooth acceleration and less mechanical complexity.

The automotive market in Canada is broad, offering a variety of cars to suit different consumer demands and tastes in the passenger, light commercial vehicle (LCV), and heavy commercial vehicle (HCV) segments. The market is dominated by passenger automobiles, which provide a large assortment of cars, SUVs, and trucks suitable for both individual and family transportation needs. Compact vehicles are well-liked by city commuters who are looking for maneuverability and fuel efficiency, while full-size and midsize sedans are preferred by people who value space and comfort. With its adaptable luggage capacity and all-weather flexibility, crossovers and sports utility vehicles (SUVs) have become more popular in Canada, appealing to both outdoor enthusiasts and families. Canada has a healthy market for vans, pickup trucks, and utility vehicles designed for fleets and enterprises in the light commercial vehicle class. Canada has a healthy market for vans, pickup trucks, and utility vehicles designed for fleet operators and enterprises in the light commercial vehicle class. Vans are often employed in a variety of sectors, including delivery, construction, and tourism, to convey products, machinery, and people. In the Canadian automotive scene, pickup trucks are highly regarded for their durability, hauling capability, and adaptability, which make them popular options for both private and business use in both urban and rural settings. Canada's large size and strong economy provide a need for a range of trucks and specialist vehicles in the heavy commercial vehicle market. These vehicles are made to move products, materials and people over difficult terrain and great distances. These include of buses, dump trucks, tractor-trailers, and vocational vehicles built for certain sectors of the economy including mining, forestry, and construction. In the commercial vehicle industry, interest in electric powertrains and alternative fuel technologies is rising along with the focus on sustainability and efficiency. This trend reflects Canada's dedication to environmental stewardship and transportation innovation. The passenger, light commercial, and heavy commercial vehicle markets in Canada collectively provide a rich tapestry that reflects the varied requirements and lifestyles of Canadian customers while propelling economic growth and technical innovation in the automotive sector.

However, Canada offers excellent opportunities in the transmission sector, fueled by a number of important variables influencing the direction of the automobile industry. The increasing need for cutting-edge gearbox innovations that improve performance, sustainability, and fuel economy presents one such opportunity. There is a growing demand for new transmission options, such as hybrid and electric drivetrains as well as more efficient conventional gearboxes, due to regulatory pressure to cut emissions and increase fuel efficiency. Canada is positioned as a centre for the development of next-generation gearbox technology because of its dedication to supporting innovation and research in the automobile industry. Access to important markets in North America and abroad is made possible by Canada's advantageous location and trade agreements, which present chances for gearbox manufacturers to develop their export capacities and forge global alliances.

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.