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Automotive Bushing Technologies Market to 2025 – Global Analysis and Forecasts by Type (Damper Bushings, Bump stops, Top Mounts, Suspension Arm Bushings, Subframe Bushings and PT Mounts); Suspension Type (McPherson, Double Wishbone, Multilink and CTBA); and Vehicle Segment (AB, C, D, E, F and SUV (A, B, C, D and E)” The Automotive Bushing Technologies market was valued at US$ 7560.6 Mn in 2017 and is projected to reach US$ 9947.2 Mn in 2025; it is expected to grow at a CAGR of 3.6% from 2017 to 2025.
A passenger car consists of a numerous metal component that ensure the proper and smooth functioning of the cars on roads that are smooth as well as a bit rocky in nature. A suspension system plays a critical role in ensuring a smooth ride for the occupants of the car. These solid suspension parts are linked to each other and transmit energy when the vehicle is on the move. Bushings are small components that are typically made of rubber or polyurethane material and act as isolators to the noise and vibrations that are transmitted by the solid metal suspension parts. These bushings enable reduction in the vibrations and noise and thereby ensure a smooth & comfortable ride for the passengers. Functions of bushing include vibration isolation, provide cushioning and also reduce the friction between solid metal parts in the vehicle. Typically, bushings are applied inside a car wherever there are metal joints and mounts are needed. Alternator bushings, control arm bushings, shock absorber mountings, sway bar links, transmission shifters, motor mounts and sub-frame mounts are some of the most commonly used bushings in passenger cars. Depending upon the life span of bushings, their replacement also becomes and essential task for the car owners.
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Companies Profiled in this report includes: Vibracoustic GmbH, BOGE GmbH, Continental AG, Tenneco Inc., Federal Mogul LLC, Cooper Standard Holdings Inc., Hyundai Polytech India, Nolathane, Paulstra SNC, Sumiriko AVS Germany GmbH
Currently, the automotive bushing technologies market is experiencing a steady growth that is attributed to numerous factors. The most significant factors that have impacted the growth of this industry are more disposable incomes with consumers and consequently more number of passenger cars on the roads; poor condition of roads in the developing and the under developed economies and the parallel advancements made in the consumer products industry. Over the years the automobile industry has experienced occasional highs and lows as a result of the changes in economy, weather conditions and the interest from new investors. The consumer spending on automotive components and other allied accessories has changed drastically that present large opportunities to the businesses today. McPherson and Coupled Torsion Beam Axle (CTBA) suspension systems occupy lesser horizontal and vertical spaces and are therefore used by the car manufacturers to reduce the overall cost of the cars. These types of suspension systems are typically used in the lower segment and entry level cars such as Class A and Class B. Also, double wishbone and multi-link suspension systems occupy more engine spaces and are expensive systems as compared to the other two. These two suspension systems however offer the best stability and dynamic response to a car while it is moving and are therefore used in premium and luxury cars.
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In 2019, Asia-Pacific stoodsecond in the Automotive Bushing Technologies market with a decent market share; it is anticipated to register a steady CAGR from 2020 to 2027.In the past five years, capital investment in technological development has grown by 6.3%in Europe, to reach US$ 7,313.09 million of capital investment in 2019.International Energy Agency stated that apart from South America, APAC is the leading region in the Automotive Bushing Technologies industry.The increasing disposable income of individuals and rising economy have bolstered the sales of passenger cars and commercial vehicles in the past few years. APAC has become a global manufacturing hub with the presence of a robust automotive and transportation industry. Government initiatives-such as Made in China 2025 and Make in India-propel the growth of this sector in APAC countries. Developing infrastructure, increasing domestic consumption, as well as low labor costs are the key factors attracting automotive and transportation companies in southeast Asian countries. Based on the pollutant emissions, Automotive Bushing Technologiess perform exceptionally wellthan diesel vehicles-especially in heavy commercial vehicles. Optimizing air quality is expected to be a significant driver for natural gas in various APAC countries, such as India, Malaysia, Singapore, and Thailand. Expansion of gas markets, public transportation, and the economy in the region drives the growth of the market.
Companies adopt inorganic market strategies to expand their footprints across the world and meet the growing demand. The market players present in the Automotive Bushing Technologies market are mainly focusing on gaining approval by integrating advanced features and technologies. By signing partnerships, contracts, joint ventures, and inaugurating new offices across the world, companies are increasing their market share and brand presence. Most of the market initiatives were observed in North America, and Europe, which have a high potential for future market growth. For instance, in 2019,Agility Fuel Solutions for medium- and heavy-duty commercial vehiclesreceived 2019 California Air Resources Board (CARB) certifications for its natural gas fuel system for installation on General Motors 6.0L gasoline engines.
The report segments the global automotive bushing technologies market as follows:
Global Automotive Bushing Technologies Market – By Type
Global Automotive Bushing Technologies Market – By Suspension Type
Coupled Torsion Beam Axle (CTBA)
Global Automotive Bushing Technologies Market – By Vehicle Type
SUV (A,B,C,D)
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