Suspension Arm Bushes Market Assessment By Material [Rubber Bushings, Polyurethane Bushings, Nylon Bushings, Metal Bushings], By Type [Trailing Arm Bush, Control Arm Bush Kit, Control Arm Lower-Outer Bush, Others], By Vehicle [Passenger Vehicle, Commercia

Suspension Arm Bushes Market Assessment By Material [Rubber Bushings, Polyurethane Bushings, Nylon Bushings, Metal Bushings], By Type [Trailing Arm Bush, Control Arm Bush Kit, Control Arm Lower-Outer Bush, Others], By Vehicle [Passenger Vehicle, Commercial Vehicles], By Sales Channel [OEM, Aftermarket], By Region, Opportunities and Forecast, 2017-2031F

The global suspension arm bushes market is projected to witness a CAGR of 4.7% during the forecast period 2024-2031, growing from USD 3.01 billion in 2023 to USD 4.35 billion in 2031.

The suspension defines the ride quality, end-user comfort, and handling of the vehicle. The bushing delivers smooth interactions between different metal parts of the suspension system. Quality bushings keep metal parts from rubbing against and grinding against one another. The way your car feels to drive also depends on the kind of bushings that are in it. Stiffer nylon or polyurethane bushings produce a responsive but less comfortable ride, while softer rubber bushings offer a supple and soothing ride. The transformed passenger cars, with automotive companies adding more comfort and smoothness to the ride quality, are expected to garner sales of suspension arm bushes. Increased sales of passenger vehicles due to rising disposable income and developing potential markets are expected to garner market growth. For example, improper maintenance, manufacturing, and design defects push the end user to look for new suspension bushings to enhance the vehicle's performance.

As suspensions help the vehicle maintain body roll and handling, electric vehicles also utilize this suspension bushing, unlike engine mounts and other anti-vibration products. Hence, the rising adoption of EVs is projected to build new demand channels for the suspension arm bushing market. Automobiles include advanced dampers in their vehicles to support the steering control, especially in sports cars.

In September 2023, with no customization choices, Aston Martin unveiled the new DB12 in India for an astounding USD 0.54 million (ex-showroom), indicating a significant improvement in both character and capability. Additional factors contributing to the DB12's structural rigidity are specially designed Michelin Pilot Sport 5 S tires that are fitted to exact specifications and a completely redesigned suspension system with cutting-edge adaptive dampers.

Rising Sales of Premium Vehicles and Advancements to Fuel Market Expansion

Increased disposable income, higher accessibility, and premium car brands entering the market are expected to fuel the market growth. Premium vehicles offer smooth performance, quality handling and quieter rides. The automakers also run recall campaigns to address any suspension-related damage to the vehicle, fueling the demand for suspension arm bushes. The development of novel materials for suspension components, like polyurethane, can boost sales because these materials outperform conventional rubber bushings in terms of performance and durability. Mechanics and vehicle owners have also become more aware of the importance of suspension components and their role in overall vehicle performance. Hence, end users are more likely to replace these suspension bushings. The companies also focus on launching new suspension bushing sets.

For instance, FangChen Auto Parts Co. Ltd. launched the suspension bushing set catering to the Mercedes-Benz series and BMW series. The company also offers control arm bushes for other vehicles, such as the Cadillac CTS and Land Rover LR4.

Enhanced Steering Control Along With Higher Shelf-Life to Transform the Market Dynamics

A well-structured bushing delivers higher response and support to the vehicle. The controlled response and balanced body roll help the vehicle maintain better steering control. Suspension bushings are an essential component of vehicle dynamics that directly affect the driving experience and steering response. They support the proper alignment of this component by acting as an interface between the chassis and other suspension parts, like the control arms. To deliver an enhanced steering control that is predictable and responsive, the quality of suspension bushing is essential. In addition to providing errorless steering response, the suspensions serve as support and cushioning while safeguarding the vehicle's structure, and extending the life of the frame. Suspension bushings that are in good working order also reduce uneven tire wear, increase the shelf life, and optimize wheel alignment. These benefits are fueling the expansion of the premium automotive suspension arm bush market overall.

Rising Sales of Used Vehicles to Fuel Segmental Growth

Based on sales channels, the aftermarket segment leads in the market due to the higher adoption of used vehicles through distributors, owners, and online and offline retailers. Furthermore, the older vehicles and their maintenance activities are also projected to add value to the market expansion. The automobile aftermarket is robust and provides a framework for vehicle upkeep, customization, and repairs. Suspension bushing manufacturers now work to meet the needs of consumers looking to increase their vehicles' performance and find replacement components, thanks to the thriving aftermarket in the nation. Suspension bush producers benefit from one of the strongest business environments in the world for the automotive sector. A favorable environment for suspension bush aftermarket suppliers is created by the nation's advantageous tax laws and incentives designed to improve product quality, efficiency, and market competitiveness.

For instance, PHG Global Co. offers a long range of suspension mounts. The list includes suspension tools, including anti-vibration rubber products involving suspension arms and strut assemblies. They are crucial in helping drivers' handling, stability, ride quality, and other driving senses by absorbing shocks and vibrations from the road surface.

Asia-Pacific Region Leads in the Global Suspension Arm Bushes Market

Due to the increasing demand for powerful yet fuel-efficient cars in the region, Asia Pacific now holds the greatest revenue share of the global market and is expected to continue rising in the years to come. New supply chains and distribution networks are emerging as a result of the growing manufacturing spaces for safety and automobile gear. Automation of workshops combined with sustainable manufacturing solutions is expected to drive market expansion.

The goal of government officials in the area is to construct robust manufacturing facilities to support large exports. Furthermore, the rapidly expanding automotive manufacturing industry is expected to fuel market expansion in this domain. Additionally, it is projected that countries with higher economies will have a strong demand for suspension arm bushes in this region.

For instance, Indian manufacturer Anand NVH offers a wide range of strut mounts, body mounts, transmission mounting, and suspension arm bushes. The company offers wishbone bushes, also known as suspension arm bushes. The suspension arm bushes offer reduced friction between metal parts and control.

Future Market Scenario (2024-2031F)

Rising sales of premium vehicles along with extended service systems are anticipated to expand the suspension arm bushes market size.

Increased demand through aftermarket channels to replace old anti-vibration products such as suspension arm bushes.

The expanding automotive manufacturing facilities, along with the increased sales of passenger vehicles, are projected to garner market growth.

High-end research and development programs run by automobile companies are expected to enable new materials and designs for suspension arm bushings.

Key Players Landscape and Outlook

The suspension arm bushes market comprises major automotive players along with aftermarket companies. The company’s focus is on material, fitting, durability, and flexibility of mounts and bushings. Companies also work on integrating technologies to facilitate high-end sustainable manufacturing Furthermore, the companies also collaborate, acquire, and partner to expand their supply chain, distribution channel, and overall market hold. Companies also expand their manufacturing facilities to cater to the growing demand for anti-vibration products.

For instance, Tenneco Inc.’s Clvite brand’s elastomers offer a long-range suspension bushing including curled cartridge bushing, double bonded bushing, single bonded bushing, and single bonded trailer pivot bushing.

In November 2022, Sumitomo Riko Limited and LanzaTech NZ Inc. signed a cooperative development agreement to move rubber, resin, and urethane waste into a circular economy. Through this project, both parties can establish new technologies and hasten the development of a sustainable society that incorporates a circular economy and carbon neutrality.