Global Anti-Vibration Rubber for Automotive Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Anti-Vibration Rubber for Automotive Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The Anti-Vibration Rubber for Automotive can absorb vibration and reduce vibration transmission. It is a rubber component used in various parts of automobiles, which can greatly improve the ride comfort and quietness of automobiles.

Market Overview:

The latest research study on the global Anti-Vibration Rubber for Automotive market finds that the global Anti-Vibration Rubber for Automotive market reached a value of USD 8323.24 million in 2022. It’s expected that the market will achieve USD 9496.99 million by 2028, exhibiting a CAGR of 2.22% during the forecast period.

Influence of COVID-19 Outbreak on Anti-Vibration Rubber for Automotive Industry Development

Disruption of the global automotive manufacturing supply chain
Affected by the global COVID-19 pandemic, the automobile manufacturing industry has been hit hard. The auto industry has the characteristics of a long industrial chain and a highly globalized division of labor. Under the impact of the epidemic, the auto industry in many countries once suspended work and production. In the United States alone, many auto industry workers have died of the new crown virus. Under pressure from the union, the three major US automakers Ford, General Motors and Fiat Chrysler have announced that their North American plants have stopped production in mid-March. 150,000 workers are facing the risk of unemployment. And the manufacturing plants of anti-vibration rubber for automotive affected by the epidemic are also facing the threat of shutdown.

Decline in car sales

COVID-19 continues to have a profound impact on the global automotive sales industry. Social isolation and economic downturn have led to a sharp drop in the number of people buying cars. The US auto market has shrunk to its lowest level since the 2007-2009 recession. Due to the lockdown measures adopted by many states, car sales have stalled. In April, car demand fell by more than 43% year-on-year, and has fallen by 23.7% so far this year. The impact on Europe was even more serious. Compared with March's demand, which was already affected by the blockade measures, demand in April fell further by 53% from the previous month. Declining car sales will result in lower demand in the upstream industry, and the anti-vibration rubber for automotive system industry will also be threatened.

Market Restraints Analysis

Since 2018, global car sales have shown a downward trend for two consecutive years. A large part of the decline in global car sales is due to the global economic recession, and people's desire to buy cars has declined. The unstable situation of global trade has also caused a great impact on the auto industry. The trade policy fluctuations of China and the United States and Brexit are all adversely affecting global auto trade. And with the introduction and implementation of automobile safety and environmental protection policies in many countries, the automobile industry is also seeking changes. This also puts forward higher requirements for the automotive anti-vibration rubber industry, such as the development of composite materials and longer product life.
In the entire production of spare parts, raw materials occupy an important share. As the price of raw materials rises, the manufacturing cost of the manufacturer will increase, thereby reducing the profit that the manufacturer can obtain.
Supply and demand are the most fundamental factor affecting rubber prices. At present, the world's major natural rubber producing countries are Thailand, Indonesia, Malaysia, China, Vietnam and India, while the main natural rubber exporting countries are Thailand, Indonesia and Malaysia. As an important industrial raw material, the price fluctuation of natural rubber is closely related to the international economic environment. When the economic environment is good, the market needs to develop and the demand is sufficient, at this time, the demand for natural rubber will increase, which will promote its price increase, otherwise the price will fall. Synthetic rubber is a petrochemical product, and its price is affected by its upstream product petroleum. In fact, the price of oil has been constantly fluctuating. Therefore, the price of oil will also affect the price of rubber products by affecting the price of synthetic rubber.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Sumitomo Riko is one of the major players operating in the Anti-Vibration Rubber for Automotive market, holding a share of 22.32% in 2020.

Sumitomo Riko Company Limited produces rubber and other synthetic resin products. The Company supplies automakers with its main rubber products, such as anti-vibration rubber and hoses for automobiles.

Bridgestone designs, manufactures and sells automobile tires and automobile accessories. The company also produces and sells chemical and industrial products, BSAM diversified products, sporting goods, bicycles and other products.

Segmentation Overview:

Among different product types, Mounts segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Passenger Vehicle segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Anti-Vibration Rubber for Automotive market covered in Chapter 3:

Yamashita Rubber
Bridgstone
TOYO TIRE & RUBBER CO.
JX Zhao's Group
DTR VSM
Contitech
Sumitomo Riko
Vibracoustic
Hutchinson (Paulstra)
Kurashiki kako
TUOPU
Zhongding
Boge
Pyung Hwa
Henniges Automotive

In Chapter 4 and Chapter 14.2, on the basis of types, the Anti-Vibration Rubber for Automotive market from 2018 to 2029 is primarily split into:

Mounts
Bearings
Pads
Bushes
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Anti-Vibration Rubber for Automotive market from 2018 to 2029 covers:

Passenger Vehicle
Commercial Vehicle

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)