Automotive Bushing Market - By Product (Subframe Bushings, Engine Mounts, Suspension Mounts), By Application (Engine, Suspension, Chassis, Interior, Exhaust, Transmission), By Sales Channel (OEMs, Aftermarket), By Vehicle Type & Forecast, 2023 – 2032

Automotive Bushing Market Size

Automotive Bushing Market size valued at USD 144.27 Billion in 2022 and is estimated to register CAGR of around 5.2% from 2023 to 2032. With the increasing emphasis on comfort and safety in vehicles, automotive manufacturers are incorporating advanced suspension systems. Automotive bushings play a crucial role in enhancing ride comfort, reducing noise, vibration, and harshness (NVH), and improving overall vehicle stability. The growing consumer demand for smoother and quieter rides contributes to the increased adoption of automotive bushings
 

Continuous advancements in automotive bushing materials, manufacturing processes, and designs are driving automotive bushing market growth. Innovative materials, such as polyurethane and rubber compounds, are being used to develop bushings with improved durability, longevity, and performance characteristics. Technological advancements also enable the production of lightweight bushings that contribute to overall vehicle weight reduction and improved fuel efficiency.

The cost of raw materials, such as rubber, metal alloys, and polyurethane, can be volatile due to market conditions, geopolitical factors, and supply chain disruptions. Fluctuations in raw material prices can significantly affect the profitability of automotive bushing manufacturers. Companies need to closely monitor and manage their supply chain to mitigate the impact of price volatility.
 

COVID-19 Impact

The automotive bushing market experienced a sharp decline in vehicle production due to lockdown measures, reduced consumer demand, and supply chain disruptions. Many vehicle manufacturers scaled back or temporarily halted production, impacting the demand for automotive bushings. As a result, the market for bushings experienced a decline in sales during the pandemic. The economic impact of the pandemic, including job losses, reduced income, and uncertainty, led to a decrease in consumer spending on automobiles. With fewer vehicle purchases, the demand for automotive bushings also declined. Consumers were more focused on essential needs rather than discretionary purchases, affecting the aftermarket sales of bushings as well.
 

Automotive Bushing Market Trends

With the increasing adoption of electric vehicles, there is a rising demand for specialized bushings that cater to the unique needs of EVs. These bushings are designed to handle higher torque levels, reduce vibration and noise, and optimize battery weight distribution for improved performance and efficiency. Automotive bushings are being integrated with advanced technologies to enhance their performance and functionality. For example, active bushing systems that can dynamically adjust stiffness and damping properties are being developed to improve ride comfort and handling. Smart bushings with sensor technologies are also being explored to monitor bushing performance and provide real-time feedback.
 

Automotive Bushing Market Analysis

The suspension arm product of automotive bushing market reached USD 35.86 Billion in 2022. As consumers increasingly prioritize comfort and handling in their vehicles, the demand for suspension arm bushings that contribute to a more comfortable and controlled driving experience is on the rise. Suspension arm bushings help dampen and isolate vibrations and noise generated from the road and the vehicle's suspension system. By effectively reducing NVH, these bushings contribute to a quieter and more refined cabin environment. As vehicle manufacturers strive to improve NVH levels, the demand for suspension arm bushings with superior vibration and noise dampening properties has increased.
 

The automotive bushing market form suspension application accounted for USD 55.10 Billion in 2022. Automotive bushings help reduce noise, vibration, and harshness in the vehicle cabin. By dampening vibrations and isolating the suspension components, they minimize the transmission of road noise, engine vibrations, and other disturbances. As consumers increasingly prioritize a quiet and refined driving experience, the demand for automotive bushings that effectively reduce NVH has grown. Automotive suspension market valuation surpassed USD 549.6 billion in 2019 and is poised to witness 7.8% CAGR during the forecast period.
 

Suspension bushings are crucial for maintaining the safety and stability of the vehicle. They provide support and proper alignment to suspension components, ensuring precise handling and control. By minimizing excessive movement and maintaining suspension geometry, bushings contribute to improved stability during cornering, braking, and maneuvering. The demand for reliable and durable suspension bushings has increased as vehicle safety becomes a significant concern for consumers. Automotive interior materials market is estimated to exhibit gains at nearly 5% during the forecast timeline. However, the automotive transmission market is likely to see 4.3% growth rate in the coming years.
 

Based on vehicle type, the automotive bushing market is segmented as passenger cars, light commercial vehicles (LCVs), heavy commercial vehicles (HCVs). The passenger cars held approximately 65% of the market share in 2022 and is predicted to observe tremendous in the coming years. Passenger vehicles are designed to prioritize comfort and a smooth ride. Automotive bushings play a crucial role in absorbing shocks, reducing vibrations, and minimizing noise transmission, thereby enhancing the overall comfort and ride quality for passengers. As consumers increasingly demand a comfortable and enjoyable driving experience, the demand for high-quality bushings that contribute to improved ride comfort has grown.
 

Based on sales channel, the automotive bushing market is segmented as original equipment manufacturers (OEMs), aftermarket. The original equipment manufacturers captured about 66% of the market revenue share in 2022 and is projected to grow at a lucrative pace by 2032. Automotive bushing manufacturers establish direct relationships with OEMs, supplying them with bushings for their production vehicles. This sales approach involves collaboration and partnership between the bushing manufacturer and the OEM, ensuring that the bushings meet the specific requirements and standards of the OEM's vehicle models. Direct sales allow for a closer working relationship, timely communication, and customization to meet the OEM's needs.
 

U.S. automotive bushing market size is dominated around USD 30.51 billion in 2022. North America is one of the largest automotive markets globally, with a significant production and sales volume of vehicles. As vehicle production increases in the region, there is a corresponding demand for automotive bushings to equip the suspension systems of these vehicles. The growing number of vehicles being manufactured and sold in North America drives the overall demand for automotive bushings.
 

Automotive Bushing Market Share

The leading players in the automotive bushing market include

• Federal-Mogul LLC
• Vibracoustic GmbH
• Tenneco Inc.
• Cooper Standard Holdings Inc.

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Automotive Bushing Industry News:

• In November 2022, Apollo Funds Complete Acquisition of Tenneco. In November 2022, Tenneco completed its acquisition by Apollo Funds. This acquisition is expected to provide Tenneco with the necessary resources to invest in and expand its presence across various segments and geographical markets. It offers an opportunity for Tenneco to enhance its global footprint and pursue growth in multiple areas.
   

This automotive bushing market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Units and revenue in USD Million from 2018 to 2032 for the following segments:

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By Product

• Damper Top Mounts
• Suspension Arm Bushings
• Subframe Bushings
• Hydro Bushings
• Engine Mounts
• Suspension Mounts

By Application

• Engine
• Suspension
• Chassis
• Interior
• Exhaust
• Transmission

By Vehicle Type

• Passenger Cars
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)

By Sales Channel

• Original Equipment Manufacturers (OEMs)
• Aftermarket

By region

• North America
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
• South Korea
  • Australia
  • Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE