Stabilizer Bar Bushing Market Assessment, By Type [Metal Bushing, Rubber Bushing, Polyamide Bushing, Non-metallic Polymer Bushing], By Application [Original Equipment Manufacturer, Aftermarket], By Region, Opportunities and Forecast, 2017-2031F

Stabilizer Bar Bushing Market Assessment, By Type [Metal Bushing, Rubber Bushing, Polyamide Bushing, Non-metallic Polymer Bushing], By Application [Original Equipment Manufacturer, Aftermarket], By Region, Opportunities and Forecast, 2017-2031F

Global stabilizer bar bushing market is anticipated to witness a CAGR of 8.64% in the forecast period 2024-2031, rising from USD 12.5 billion in 2023 to USD 24.26 billion in 2031.The demand for stabilizer bar bushing is rising because of a significant increase in demand for automobiles as these are supportive in controlling body roll, contributing to better handling characteristics, and enhancing stability during turns. Road damage, overloading, corrosion, and wear and tear are influencing the need for stabilizer bar bushing across the globe. An increase in emphasis on road safety, a rise in the adoption of advanced suspension systems, and advancement in driving experience are predicted to foster global stabilizer bar bushing market growth in the forecast period. Due to its high durability and robustness during braking and acceleration, demand in the automotive industry is high.

The technological innovations in automotive suspension systems, such as the rise in the usage of lightweight materials for stabilizer links, are also driving the growth of the market. The lightweight stabilizer bars help decrease the overall automotive weight and enhance fuel effectiveness coupled with increasingly preferable among automakers. Additionally, in the developing countries of the Asia-Pacific, with an increase in per capita income and rapid economic development, the sale and production of luxury cars is rising coupled with considerable road safety features is projected to foster global stabilizer bar bushing market growth in the forecast period.

For instance, in October 2023, Mercedes Benz announced robust sales for the period of January 2023 to September 2023, registering 11% year-on-year growth. Mercedes-Benz delivered 12,768 new cars to consumers, increasing the demand for stabilizer bar bushing.

Increase in Demand for Passenger Cars Propel Stabilizer Bar Bushing Market Growth

Stabilizer bar bushing is an effective component, designed for the suspension system of vehicles to improve handling and body roll. By adjoining right and left suspension together, the front stabilizer links assist in safeguarding during turns and can offer a smooth ride even on damaged roads. In passenger cars, stabilizer bar bushing also lessens the chances of wear and tear and enhances steering response because of its potential to keep all wheels on the road. An increase in the adoption of passenger cars in developing countries of the Asia-Pacific results in acceleration in stabilizer bar bushing demand because they are an essential part of advanced suspension systems as they enhance both the performance and comfort of a vehicle.

In April 2024, the Federation of Automobile Dealers Associations released data presenting that passenger vehicle retail sales reached an all-time high in FY2024 with a total of 3,948,143 units sold. This marked a rise of 8.45% compared to the 3,640,399 units sold during FY2023.

Dynamic Alliance Among Market Companies

Global stabilizer bar bushing market has observed significant growth, due to rising successful collaborations between popular companies. Leading automakers, IT companies, and traditional automakers have joined forces to make smart automobiles and address the rising demand for passenger cars across developed and developing countries. Collaboration and partnership result in the introduction of different innovative features, a combination of expertise and skills, and the introduction of lighter and more specific stabilizer bar bushing. The main objective of the alliance is to increase production and build the required advanced automotive components and innovative software for improving the performance of vehicles and supporting driving comfort. Stabilizer bar bushing is an important component of a vehicle that improves the performance of a vehicle and absorbs shocks caused by uneven ground.

For instance, in February 2024, Arval announced an agreement with BYD to support the transition of its clients’ fleets of electric cars and guide domestic and international corporate clients on increasing their fleet strategy on fleet electrification of light commercial vehicles (LCV) and passenger cars.

Government Regulatory Framework Shape the Market Growth

Stringent policies by government agencies and regulators on the production of electric vehicles are shaping the future of the automotive industry. The government is offering different incentives to automakers and buyers on the sale and purchase of electric vehicles respectively. The government is also supporting the development of charging infrastructure by establishing different measures to promote the production and purchase of electric vehicles. In addition, the measures and ban on petrol and diesel vehicles are propelling the production and demand for electric vehicles. In electric cars, the usage of stabilizer bar bushing is important as it reduces road noise, offers a safer ride, and absorbs bumps.

For instance, in March 2024, the Ministry of Heavy Industries introduced an initiative to promote India as a manufacturing destination coupled with accomplishing an objective of ‘Make in India’.

Polyamide Bushings Holding the Largest Market Share

Polyamide bushings, also known as nylon bushings, are important components due to their longevity, versatility, and high-performance engineering properties. Many automakers are demanding these polyamide bushings because they are a combination of wear resistance, strength, and self-lubricating properties. These are effectively designed to reduce friction and wear between fluctuating parts in a mechanical system, making them fundamental to different applications in different segments. Also, the automakers require polyamide bushing because it has different applications including steering components, engine mounts, and suspension systems which results in smoother vehicle operation and lessened wear. Thereby, sales of polyamide bushing are driven by the growing production of automobiles and on-road fleet-size vehicles.

For instance, Kurpa Polymers is offering a variety of products including nylon bushing, polyurethane bush, and others to address the rising demand. Kurpa Polymers tested their products on rigorous quality to keep their market value high.

Asia-Pacific Registers the Highest Market Share

The Asia-Pacificis expected to hold the largest market revenue share because stabilizer bar bushing demand is directly connected with the growth in the automotive industry. In Asia-Pacific countries, such as China, India, and others, the automotive market is witnessing a significant demand for commercial and passenger cars due to an increase in per capita income, rapid economic development, and advancement in aftermarket services. In addition, the market players are also developing safety features in automobiles by integrating stabilizer bar bushing. Stabilizer bar bushing enhances the performance of a vehicle and reduces body roll. The easy accessibility of cheap labor, increase in road safety concerns, a growing rate of middle-class income, and rapid urbanization drive the demand for automobiles which further foster global stabilizer bar bushing market growth in the forecast period. Thereby, the increase in production and sales of automobiles propels the demand for stabilizer bar bushing.

For instance, Trinity Auto Engineering Private Limited is a leading manufacturer of stabilizer bar bushing because they offer a range of bushes. Their bushes offer a smooth ride and also prevent vehicle’s body from rolling.

Future Market Scenario (2024–2031F)

Increasing investment in different research and development activities by manufacturers of stabilizer bar bushing may result in different market growth opportunities for them to drive sales.

Rising urbanization and demand for passenger cars in developing countries propels the demand for stabilizer bar bushing.

Rapid growth in transportation of automobiles and off-road vehicles, helps to shape the future of effective driving experiences.

High replacement of stabilizer bar bushing in automobiles is influencing the growth of the stabilizer bar bushing market.

Key Players Landscape and Outlook

Key participants in the stabilizer bar bushing market are effectively working on continuous technological innovations that enhance the effectiveness of stabilizer bar bushing and aftermarket services. In addition, they are adopting different strategies such as joint venture, merger and acquisition, partnership, collaboration, and new product development for being competitive in the market, registering the highest market share, and leading across the globe. Furthermore, companies are making decisions to increase the production of passenger cars which directly increases the demand for the stabilizer bar bushing market.

GYCX is a frontrunner with 20 years of experience in making suspension parts including engine mounting, bushing, control arm and others. They are supplying their high-performance products across the globe and has built a solid reputation in the heavy trucks.

Movers is manufacturing suspension components by using high-quality materials and offer competitive pricing for all of their products.