Automotive Bushing Market Forecasts to 2028 – Global Analysis By Product (Rubber, Polyurethane), Vehicle (LCV, HCV), Application (Engine, Exhaust, Interior) and By Geography
According to Stratistics MRC, the Global Automotive Bushing Market is accounted for $62.74 billion in 2020 and is expected to reach $102.21 billion by 2028 growing at a CAGR of 6.3% during the forecast period. Rising production of automobiles, increasing demand for lightweight vehicles and consumers need for comfort and reduction in vehicle noise or vibrations are driving the market growth. However, lack of maintained standards and fluctuations in raw material price is hampering the growth of the market.
Automotive bushing is a type of rubber based element which is used to segregate the vibrations of the parts it is used on, as well as isolating the part from any surrounding vibrations. Bushing is a mechanical part or component that is made by using rubber or polyurethane material. Bushing acts as an isolator for noise and vibrations prevention. Bushing is widely used in automotive sector to ensure convenience, smoothness, and comfort-ability inside the vehicle.
Based on the application, the suspension and steering segment is going to have lucrative growth during the forecast period as vehicle's suspension system is responsible for the vehicle's safety when it is moving, particularly on difficult and rocky terrains. The role of a suspension system is dampening and absorbing shocks becomes vitally important. By geography, Europe is going to have high growth during the forecast period due to the continuous development for advanced automotive parts with high efficiency and presence of leading automotive manufacturers in countries in the region.
Some of the key players profiled in the Automotive Bushing Market include Vibracoustic GmbH, Tenneco Inc, Sumitomo Riko Company Limited, Continental AG, Paulstra SNC, Oiles Corporation, Nolathane, Moog, Federal-Mogul LLC, DuPont de Nemours, Inc, Benara Udyog Limited and Cooper Standard Holdings Inc.
Estimated Market Size in 2020:
USD 62.74 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 102.21 billion
Tables, Graphs & Figures
Product, Vehicle, Suspension Type, Type, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)
• Passenger Car (PC)
• Electric Vehicle
Suspension Types Covered:
• Double Wishbone
• Multilink and Coupled Torsion Beam Axle (CTBA)
• Subframe Bushings
• Hydro Bushings
• Suspension Arm Bushings
• Suspension Mounts
• Damper Top Mounts
• Engine Mounts
• Suspension and Steering
• Transmission System
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Automotive Bushing Market is majorly driven by rising production of automobiles, increasing demand for lightweight vehicles and consumers need for comfort and reduction in vehicle noise or vibrations.
The suspension and steering segment is growing at a highest CAGR as vehicle's suspension system is responsible for the vehicle's safety when it is moving, particularly on difficult and rocky terrains.
Europe dominated with a significant market share due to the continuous development for advanced automotive parts with high efficiency and presence of leading automotive manufacturers in countries in the region.
Asia Pacific market is growing at a highest CAGR due to the rapid rise in the demand for vehicles along with the strong presence of a large number of contract manufacturers as well as increasing adoption of automation processes in this particular region.
Key players in Automotive Bushing Market include Vibracoustic GmbH, Tenneco Inc, Sumitomo Riko Company Limited, Continental AG, Paulstra SNC, Oiles Corporation, Nolathane, Moog, Federal-Mogul LLC, DuPont de Nemours, Inc, Benara Udyog Limited and Cooper Standard Holdings Inc.
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