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The size of the worldwide automotive bushing market is anticipated to increase by 6.13% CAGR from 2023 to 2030, from a value of USD 159.19 billion. The automotive bushing market was worth USD 155.14 billion in 2022.
Automotive bushings serve as a bolster between various components, regulating joint movement and minimising noise, vibration, and stress. The car uses a variety of bushings, including flanged bushings, control arm bushings, steering rack bushings, and leaf spring bushings. The bushing guarantees lessened shock and vibration transmission between the components of the vehicle. Rubber bushings are used in the automotive industry to lessen noise, increase driver comfort, and prevent vibration-related damage.
The rise in automotive manufacturing, rising demand for lightweight vehicles, and the quick transition to electric vehicles are all factors contributing to the automotive bushing market's expansion. Another aspect driving market expansion is the rising popularity of premium cars, which provide greater driving comfort. Mercedes-Benz India, for instance, recorded higher sales in 2021 compared to 2020, up 42.5%. Due to the rising demand for comfort among drivers and passengers, the number of luxury vehicles increased, which in turn increased the need for automotive bushing. The most typical rubber bushings used in automobiles allow automakers to adhere to rules for noise, vibration, and harness.
DRIVING FACTORS
The need for lightweight bushing is anticipated to change as the emphasis on lightweight automobiles increases globally. Automotive producers are using lightweight raw materials due to the rising demand for lightweight passenger and commercial vehicles. Rubber and polyurethane materials are being prioritised by automobile manufacturers for the bushing, which helps lighten the total weight of vehicles. Vehicles with lightweight bushing have less excessive vibration and noise, have longer-lasting engines and sensor components, and are safer for the gearbox and other crucial components. Globally, the development of luxury automobiles is anticipated to be supported by increasing automation and the arrival of "Industry 4.0." The migration to luxury automobiles is made possible by the rise in consumer discretionary income, which is driving up the demand for lightweight bushing.
RESTRAINING FACTORS
Automotive bushings are not standardised since they vary depending on the characteristics and specifications of each vehicle. There are many different bushings on the market, but because they are used with different parts of automobiles, they do not have any established standards. The bushing's lack of standardisation drives up the cost of manufacturing for OEMs. The creation of numerous new model automobiles enables market participants to spend money on design. Market expansion is anticipated to be hampered by the rise in the overall operational costs of producing bushing of the various standards.
Report Coverage
Global Automotive Bushing research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Bushing report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Bushing competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Bushing market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Bushing market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Bushing market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Continental AG (Germany), ZF Friedrichshafen AG (Germany), Jotex Rubber Industrial Co., Ltd. (Taiwan), Sumitomo Riko Company Limited (Japan), DuPont de Nemours, Inc. (U.S.), BOGE Rubber & Plastics (Belgium), Vibracoustic SE (Germany), Hyundai Polytech India Pvt. Ltd. (India), Nolathane (Australia), Hutchinson Paulstra (France)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Automotive Bushing market based on the below-mentioned segments:
Global Automotive Bushing market, By Application
Suspension
Engine
Chassis
Interior
Exhaust
Transmission
Global Automotive Bushing Market, By End User
Passenger Cars (PC)
Commercial Vehicles
Global Automotive Bushing market, Regional Analysis
Automotive bushings serve as a bolster between various components, regulating joint movement and minimising noise, vibration, and stress. The car uses a variety of bushings, including flanged bushings, control arm bushings, steering rack bushings, and leaf spring bushings. The bushing guarantees lessened shock and vibration transmission between the components of the vehicle. Rubber bushings are used in the automotive industry to lessen noise, increase driver comfort, and prevent vibration-related damage.
The rise in automotive manufacturing, rising demand for lightweight vehicles, and the quick transition to electric vehicles are all factors contributing to the automotive bushing market's expansion. Another aspect driving market expansion is the rising popularity of premium cars, which provide greater driving comfort. Mercedes-Benz India, for instance, recorded higher sales in 2021 compared to 2020, up 42.5%. Due to the rising demand for comfort among drivers and passengers, the number of luxury vehicles increased, which in turn increased the need for automotive bushing. The most typical rubber bushings used in automobiles allow automakers to adhere to rules for noise, vibration, and harness.
DRIVING FACTORS
The need for lightweight bushing is anticipated to change as the emphasis on lightweight automobiles increases globally. Automotive producers are using lightweight raw materials due to the rising demand for lightweight passenger and commercial vehicles. Rubber and polyurethane materials are being prioritised by automobile manufacturers for the bushing, which helps lighten the total weight of vehicles. Vehicles with lightweight bushing have less excessive vibration and noise, have longer-lasting engines and sensor components, and are safer for the gearbox and other crucial components. Globally, the development of luxury automobiles is anticipated to be supported by increasing automation and the arrival of "Industry 4.0." The migration to luxury automobiles is made possible by the rise in consumer discretionary income, which is driving up the demand for lightweight bushing.
RESTRAINING FACTORS
Automotive bushings are not standardised since they vary depending on the characteristics and specifications of each vehicle. There are many different bushings on the market, but because they are used with different parts of automobiles, they do not have any established standards. The bushing's lack of standardisation drives up the cost of manufacturing for OEMs. The creation of numerous new model automobiles enables market participants to spend money on design. Market expansion is anticipated to be hampered by the rise in the overall operational costs of producing bushing of the various standards.
Report Coverage
Global Automotive Bushing research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Bushing report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Bushing competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Bushing market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Continental AG (Germany), ZF Friedrichshafen AG (Germany), Jotex Rubber Industrial Co., Ltd. (Taiwan), Sumitomo Riko Company Limited (Japan), DuPont de Nemours, Inc. (U.S.), BOGE Rubber & Plastics (Belgium), Vibracoustic SE (Germany), Hyundai Polytech India Pvt. Ltd. (India), Nolathane (Australia), Hutchinson Paulstra (France) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Automotive Bushing Market from 2021 to 2030.
- Market Forecast for Automotive Bushing Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Automotive Bushing competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Automotive Bushing
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Bushing market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Bushing market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Continental AG (Germany), ZF Friedrichshafen AG (Germany), Jotex Rubber Industrial Co., Ltd. (Taiwan), Sumitomo Riko Company Limited (Japan), DuPont de Nemours, Inc. (U.S.), BOGE Rubber & Plastics (Belgium), Vibracoustic SE (Germany), Hyundai Polytech India Pvt. Ltd. (India), Nolathane (Australia), Hutchinson Paulstra (France)
Primary Target Market
- Market Players of Automotive Bushing
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Automotive Bushing market based on the below-mentioned segments:
Global Automotive Bushing market, By Application
Suspension
Engine
Chassis
Interior
Exhaust
Transmission
Global Automotive Bushing Market, By End User
Passenger Cars (PC)
Commercial Vehicles
Global Automotive Bushing market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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