Mexico Automotive Transmission Market Overview, 2029

Mexico Automotive Transmission Market Overview, 2029

Due to its advantageous location, strong manufacturing capabilities, and thriving automotive sector, Mexico is a major player in the worldwide gearbox automobile market. Mexico, one of the top automakers in the world, has a large number of domestic and foreign automakers, which supports a thriving industry for the production of transmissions. The nation's closeness to the US, one of the world's biggest car markets, makes it more appealing as a manufacturing base and makes just-in-time production and effective supply chain management possible. Mexico is home to a number of key automotive businesses that are involved in the manufacturing of transmissions. These companies include Aisin, BorgWarner, and ZF Group, among others, who have built large production facilities in Mexico. To satisfy the various demands of both local and foreign automakers, there are various facilities manufacture a broad variety of gearboxes, including continuously variable (CVT), manual, and automatic transmissions. Additionally, Mexico's involvement in a number of bilateral and free trade agreements, including the United States-Mexico-Canada Agreement (USMCA) and others, gives automakers preferential access to important markets, which promotes investment and export-focused manufacturing. As a result, Mexico's gearbox exports to nations all over the world have been steadily rising, further enhancing its standing as a competitive participant in the global automotive supply chain.

According to the research report,"" published by Bonafide Research, ""Mexico Transmission Market is expected to grow up to 10.28 USD Billion from 2024 - 2029. Even if based on the segments in Canada, there are two segments in transmission which are types of transmission and vehicle types. The variety of tastes and needs found in the domestic and international automobile markets is reflected in Mexico's gearbox environment. Automatic transmissions are a popular option among Mexican customers, who value their ease of use and seamless driving experience, especially in cities with dense traffic. Different torque converter automatics, continuously variable transmissions (CVTs), and dual-clutch transmissions (DCTs) are among the combinations available for these transmissions; each offers unique benefits with regard to driving dynamics, performance, and fuel efficiency. Apart from automated transmissions, some groups of the Mexican market still choose manual gearboxes, especially enthusiasts who value having more control over gear selection and an exciting driving experience. Apart from automated transmissions, some groups of the Mexican market still choose manual gearboxes, especially enthusiasts who value having more control over gear selection and an exciting driving experience. Sports cars, small automobiles, and several light commercial vehicles are among the vehicles with manual gearboxes, appealing to drivers who value performance and driving participation. In addition, the automobile sector in Mexico has seen an increase in interest in alternative gearbox technology due to legal and environmental constraints. Automatic gearboxes designed for hybrid drivetrains are frequently used in hybrid cars. Hybrid powertrains combine internal combustion engines and electric motors. Likewise, single-speed gearboxes or direct-drive systems are employed by electric vehicles (EVs) to facilitate smooth acceleration and minimize mechanical intricacy.

Another segment automotive industry in Mexico provides a wide variety of cars in the passenger, light commercial vehicle (LCV), and heavy commercial vehicle (HCV) categories, all of which are designed to satisfy the various demands and tastes of customers. Both individual and family mobility needs are met by a large assortment of cars, SUVs and trucks in the passenger vehicle class. Due to their fuel economy and agility, compact automobiles are a popular option for urban commuters, while full-size and midsize sedans are preferred by those looking for comfort and room. Due to their adaptability, generous luggage capacity, and all-weather capabilities, crossovers and sports utility vehicles (SUVs) have become more popular among families and outdoor lovers. Vans, trucks, and utility vehicles used for business and commercial reasons are in high demand in Mexico's light commercial vehicle market. Vans are often used in a variety of sectors, including delivery, construction, and tourism, to convey products, machinery, and people. In the Mexican car industry, pickup trucks are highly regarded for their durability, hauling capability, and adaptability, which make them a popular option for both private and business use in both urban and rural settings. Mexico's vast road networks and expanding economy fuel demand for a range of trucks and specialist vehicles in the heavy commercial vehicle market. These consist of buses, dump trucks, tractor-trailers, and vocational vehicles tailored for certain sectors including logistics, construction, and agriculture. Moreover, the Mexican auto industry is showing a greater focus on economy and sustainability, as seen by the rising interest in electric powertrains and alternative fuel technologies in all car classes. Mexico's vehicle market is positioned for additional expansion and diversity as the nation maintains its position as a major participant in the global automotive industry. This growth will be fueled by changing customer tastes, technical improvements, and economic prospects.
A variety of automotive transmission types are produced in Mexico. With several local and foreign manufacturers running manufacturing facilities there, Mexico's automobile sector is a major player in the worldwide market. Aisin, BorgWarner, and ZF Group are a few of the businesses that produce transmissions in Mexico. To satisfy the needs of both local and foreign automakers, these factories manufacture a broad variety of gearboxes, including continuously variable (CVT) and manual transmissions. Mexico is a major participant in the global automotive supply chain in part because of its advantageous location and membership in free trade agreements, which also attract gearbox manufacturers.

Transmissions are a major export from Mexico. Mexico exports gearboxes to several markets worldwide, and the nation's automotive sector, which includes the production of transmissions, is vital to international trade. Mexico is a desirable site for the production and export of automobile components, particularly gearboxes, due to its advantageous geographic position, advanced infrastructure, and involvement in free trade agreements. Mexico is one of the top exporters of automobiles in the world because to businesses like Aisin, BorgWarner, and ZF Group that operates there and ship gearboxes to nations in North America, Europe, Latin America, and other continents.

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.