Automotive Bushing Market Size - By Type (Damper Top Mounts, Suspension Arm Bushing, Subframe Bushing, Hydro Bushing, Engine Mounts, Suspension Mounts), By Vehicle Type, By Application, By Sales Channel & Forecast, 2024 - 2032
Report ID: GMI3313
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Published Date: April 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 16
Tables & Figures: 428
Countries covered: 22
Pages: 487
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Automotive Bushing Market
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Automotive Bushing Market Size
Automotive Bushing Market size was valued at USD 153.4 billion in 2023 and it is estimated to grow at a CAGR of 5.2% between 2024 and 2032. The demand for automotive bushings is directly dependent on the production of vehicles and their overall maintenance. As the automotive industry experiences growth due to several factors such as economic conditions, consumer preferences, technological advancements, preference for electric vehicles is also simultaneously influencing for the growth of market.
Continuous advancement in automotive bushing materials, and design such as active and semi-active systems contributing to improved performance, stability and NVH (noise, vibration and harshness) characteristics that enhance vehicle dynamics, track comfort and handling is likely to contribute for the growth of automotive bushing market. The transition to electric vehicle (EV) and autonomous vehicle technologies presents new challenges and opportunities for vehicle bushing. EVs require special bushings to accommodate the specific characteristics of electric vehicles, while autonomous vehicles require customized bushings to support Advanced Driver Assistance Systems (ADAS), and for vehicle stability and control.
The automotive industry's complicated supply chain entails a couple of degrees of suppliers, international sourcing, and just-in-time production practices. Managing supply chain disruptions, geopolitical uncertainties, trade tensions, and other unwanted market conditions may somehow impact on the overall production of automotive industry. This may also directly impact on the sales of automotive bushing market. Implementation of stringent regulatory laws for prevention of emissions, enhancing automotive safety, and ongoing trend of utilizing sustainable environmental solutions may also act as challenges for the growth of market.
Automotive Bushing Market Trends
With a developing emphasis on gas efficiency, automobile manufacturers are more and more incorporating lightweight substances and components to reduce vehicle weight. The shift toward electric and hybrid cars is driving demand for automobile bushings that tailored to meet overall requirement of electrical powertrains. Automotive OEMs are increasingly adopting superior suspension structures, including energetic and semi-active suspension technology, to decorate automobile dynamics, experience comfort, and coping with characteristics. These structures require sophisticated bushings with variable stiffness, damping, and adaptive features to optimize suspension for enhancing automotive performance.
Automotive Bushing Market Analysis
Based on type, the market is divided into damper top mounts, suspension arm bushing, subframe bushing, hydro bushing, engine mounts, suspension mounts. The suspension arm bushing segment held the dominant market of USD 46.3 billion and is expected to reach USD 84.9 billion by 2032. Suspension arm bushings are important additives in automobile suspension systems, helping suspension hands and controlling wheel movement and alignment.
The demand for suspension arm bushings is driven by using client preferences for automobiles with improved handling, balance, and cornering overall performance, in particular in sports activities cars and overall performance-orientated motors. Suspension arm bushings are subjected to high loads, affects, and environmental conditions, requiring long lasting and long-lasting substances and designs. OEMs and customers prioritize suspension arm bushings with prolonged provider life, resistance to put on and tear, and reliable performance below numerous operating situations to limit preservation costs and ensure automobile durability.
Based on vehicle type, the automotive bushing market is categorized into passenger cars, light commercial vehicles, heavy commercial vehicles. The passenger cars segment held the dominant market share in 2023. Passenger car drivers prioritize consolation and coping with characteristics. Automotive bushings also help to minimize vibrations and noise, enhancing automobile stability and safety particularly for the duration of maneuvers and emergency situations. LCVs are frequently used for transporting goods and gadget, requiring sturdy suspension structures to handle varying hundreds and avenue situations.
Automotive bushings in LCVs ought to resist better hundreds and offer more suitable durability to make certain dependable overall performance and minimize renovation downtime. HCVs are designed to hold heavy masses over long distances, placing excessive needs on suspension structures and car bushings. Heavy-obligation bushings able to managing severe loads, shocks, and vibrations are important to make certain balance, reliability, and protection in HCV packages.
North America held automotive bushing market of around USD 34.1 billion in 2023 and is expected to reach USD 54.6 billion by 2032. The demand for automobile bushings is encouraging in the region due to vehicle production and sales. Fluctuations in vehicle manufacturing volumes, pushed by elements inclusive of economic situations, client call for, and industry traits, without delay effect the call for automotive bushings as they may be vital components in automobile suspension and chassis systems.
North America has a large and mature car aftermarket segment, driven with the aid of car growing older, renovation desires, and repair requirements. The call for alternative bushings within the aftermarket is pushed by using elements including automobile mileage, wear and tear, and the want for periodic maintenance, presenting possibilities for bushing producers and aftermarket providers to cater to the needs of automobile owners and restore stores.
Canada is supposed to grow at a rate of 5.6% through the forecast time period. The United States has a huge automotive aftermarket segment, pushed by car getting old, maintenance wishes, and repair requirements. The growing demand for alternative bushings in the aftermarket is pushed by means of factors including vehicle mileage, put on and tear, and the want for periodic maintenance, offering opportunities for bushing manufacturers and aftermarket providers to cater to the desires of car owners and restore stores.
The demand for car bushings within the United States is carefully tied to the manufacturing and income of cars. Fluctuations in automobile production volumes, pushed by using financial factors, patron demand, and enterprise traits, without delay impact the demand for bushings as crucial components in car suspension and chassis structures.
Germany is set to grow at a CAGR of 6% through the forecast time period. Germany is one of the main automotive production countries globally, with a sturdy presence of car OEMs and providers. The call for automobile bushings is intently tied to automobile production volumes in Germany, as well as exports to different nations. Fluctuations in car production and export tiers effect the call for bushings as vital components in car suspension and chassis systems. German automakers are recognized for their focus on car overall performance, niche design, and engineering excellence.
Automotive bushings play an important function in developing car dynamics, improving vibrations free and minimal noise experience. Stringent laws and regulation to meet overall performance requirements of vehicles may also impact on the growth of automotive busing market.
China is set to grow at a CAGR of 6.2% which is the highest in the Asia Pacific region. The Chinese authorities has carried out various guidelines and incentives to sell the electrical cars as part of its efforts to minimize air pollution, avoid dependency on imported oil, and prevent from toxic emissions of gases released through vehicles. These rules consist of subsidies for EV purchases, tax incentives, preferential registration code guidelines, and investments in charging infrastructure.
China has grown to be as a worldwide leader in EV manufacturing, with tremendous investments from each domestic and worldwide automaker. Chinese EV producers together with BYD, NIO, and XPeng have emerged as key investors in the international EV market, producing a huge variety of electric cars, inclusive of passenger automobiles, buses, and business motors.
Automotive Bushing Market Share
Automotive bushing industry seem to be highly fragmented in nature due to presence of local and global players across the globe. In 2023, the market players such as Continental AG, Tenneco Inc., Mahle GmbH, Sumitomo Riko Co., Ltd., Vibracoustic GmbH, Federal-Mogul LLC, BorgWarner Inc. and ZF Friedrichshafen ag collectively held around 5%-10% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.
Automotive Bushing Market Companies
Major companies operating in the automotive bushing industry are:
Automotive Bushing Industry News
The automotive bushing market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) (Million Units) from 2021 to 2032, for the following segments:
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Market, By Type
Market, By Vehicle Type
Market, By Application
Market, By Sales Channel
The above information is provided for the following regions and countries: