Trailing and Link Arm Bushes Market Assessment, By Arm [Trailing Arm, Semi Trailing Arm], By Vehicle [Passenger Car, Commercial Vehicle], By Sales Channel [OEM, Aftermarket], By Region, Opportunities and Forecast, 2017-2031F

Trailing and Link Arm Bushes Market Assessment, By Arm [Trailing Arm, Semi Trailing Arm], By Vehicle [Passenger Car, Commercial Vehicle], By Sales Channel [OEM, Aftermarket], By Region, Opportunities and Forecast, 2017-2031F

The global trailing and link arm bushes market is projected to witness a CAGR of 5.36% during the forecast period 2024-2031, growing from USD 3.6 billion in 2023 to USD 5.46 billion in 2031. Global automakers are constantly trying to reduce their vehicle's noise, vibration, and harshness (NVH) levels to deliver a smooth ride. The extended research and development programs to build high-quality premium vehicles are also adding value to the market. Furthermore, the advent of electric vehicles is anticipated to transform the manufacturing and design of trailing and link arm bushes. The increased sales of passenger cars in the emerging Asian economy are anticipated to fuel market growth. The market continues to grow as a result of the increasing use of lightweight vehicles and the quick transition to electric vehicles. Another driver propelling the market is the increasing need for noise, vibration, and harshness analysis tools to assess vehicle performance.

Due to the various advantages that independent suspensions provide, their use has grown over time. The increase is explained by independent suspensions, allowing cars to have greater stability. An independent suspension is a better option for big trucks because of its lower weight. In most passenger cars, the front wheel is independently suspended, whereas the back wheel is dependently suspended. Therefore, suspensions that are both independent and dependent are necessary. One of the most popular front-independent suspension systems for small passenger automobiles is the MacPherson strut. The MacPherson suspension system's expansion is ascribed to its improved stability and low manufacturing costs. Anti-vibration product manufacturers also deliver advanced suspension trailing arm bushes specially designed for premium car brands.

For instance, the new electric crossover SUV BMW Ix3, Tenneco offered Monroe with advanced suspension technology in April 2021. The first fully electric SUV from BMW AG has an optional continuously variable semi-active suspension with Tenneco external valve technology.

Rising Demand for Luxury Vehicles Along with Growing Adventure Sport Fuel Market Expansion

Increasing demand for premium vehicles with higher comfort and convenience is anticipated to garner market expansion. Off-road events involving all-terrain vehicles have increased in popularity, as have the recreational offerings of tourist destinations. All-terrain vehicle championships, such as the World Off-Road Championship Series (WORCS), which takes place in the United States and features off-road vehicles in severe weather, are organized regionally by sports authorities. Due to the increased demand for all-terrain vehicles, these factors have propelled automobile trailing and link arm bushes’ sales figures.

Higher-end vehicles usually use superior parts, such as link arm bushes and trailing assemblies, to provide improved longevity, comfort, and performance. Higher-end automakers might have certain specifications for link arms and trailing bushes, which would increase the need for specialist or customized goods. The development and implementation of novel trailing and link arm bushes may be influenced by the rising demand for high-end automobiles equipped with cutting-edge features and technologies.

Manufacturing Expansion and Technological Benefits to Shape the Market Dynamics

Companies expand their manufacturing facilities to cater to the increasing demand for vehicles. The simplicity, durability, and increased traction are some of the major factors that fuel the global trailing and link arm bushes market’s growth. In contrast with A-arm suspensions, trailing-arm suspensions often require lesser maintenance and repair since they have fewer parts. Compared to A-arm suspensions, they are more durable and capable of withstanding severe terrain. The trailing arm suspension design might offer improved traction in some driving circumstances. Better handling performance is possible because A-arm suspensions are more accurate and stable than trailing-arm suspensions. As most suspensions are adjustable, fine-tuning the suspension for the best performance helps in balancing the vehicle. Companies offer additional technology with trailing and link arm bushes to enhance the end-user experience.

For instance, in March 2023, Thyssenkrupp Bilstein, a damper expert, is growing in China because it is currently investing in additional electronically adjustable damper system production capability in Changzhou. The action was taken in response to multiple production orders that Chinese electric vehicle manufacturers had sent. At the beginning of 2023, the company worked on establishing a new production line.

Government Compliance Policies and Production Incentives to Fuel Market Growth

With the help of production-linked incentives and tax breaks, the government fosters the growth of automotive equipment companies. The authorities also have compliance policies to maintain quality checks, which force producers to improve their production techniques. The market is expected to develop thanks to incentives for creative engines or transmission mounting. These initiatives are expected to encourage the widespread localization of advanced automotive technology (AAT) products and the growth of both domestic and international supply networks. Most of the programs concentrate on automated technologies for emission-free production. Authorities also concentrate on developing machinery using cutting-edge rubbers and carbon fiber as substitute materials. With the higher adoption of EVs and new vehicle technologies like connected cars, artificial intelligence, etc., governments are also extending their incentive schemes to strengthen their auto manufacturing sector.

For instance, in January 2024, the PLI Scheme for the automobile industry in India was extended by a year since applicants needed additional time to fulfill the eligibility requirements. In January 2024, the government announced that the first round of incentives is going to be paid out in FY2024-2025.

North America Region Leads the Global Trailing and Link Arm Bushes Market

North America is expected to retain a decent proportion of the worldwide automotive trailing arm bushes market during the next several years, followed by Latin America. The vehicle trailing arm market is predicted to grow quickly in the growing nations of Latin America and the Middle East. Due to their elements, particularly the automobile sector, which has adopted order fulfillment technology at a rapid rate, the United States and Europe are expected to acquire a significant market share.

Asia-Pacific is expected to accelerate at a higher rate during the forecast period. Some of the biggest automobile production hubs in the world, including China, India, Japan, and South Korea, are located in the Asia Pacific area. The need for premium automobile components, such as trailing and link arm bushes, is being driven by the constantly expanding automotive industry in the region. The market for trailing and link arm bushes is expanding because of the region's increasing desire for luxury automobiles. High-end automakers are progressively utilizing link arms and trailing bushes to guarantee improved longevity, comfort, and performance.

For instance, the Indian brand, Anand NVH Products Co. Ltd., offers a long range of anti-vibration products, including strut mounts, body mounts, transmission mounting, suspension arm bushes, and trailing and link arm bushes. The key role of these amazing parts is to regulate the suspension movement. They simultaneously make sure the steering wheel is on the proper axis. Link arm bushes have the same ability to withstand small vibrations and shocks as other bushes.

Future Market Scenario (2024-2031F)

The expanding manufacturing facilities along with the extended research and development facilities are projected to fuel market growth.

The presence of key players along with the increased adoption of advanced technologies are anticipated to garner market expansion.

Increasing demand for aftermarket spares and emerging markets, such as India and China, are likely to fuel the market growth.

Key Players Landscape and Outlook

The trailing and link arm bushes market focuses on material, design, and customization. Functioning in aftermarket and OEM marketspace, the market landscape flourishes with new opportunities coming through research and development programs. Furthermore, the companies also collaborate, acquire, and partner to expand their supply chain, distribution channel, and overall market hold.

For instance, ACDelco offers professional 45G26034 rear suspension trailing arm bushing that delivers performance and dependability. The bushes are specially designed, engineered, and tested for General Motors (GM) vehicles. The product also enables fit, form, and function in the subsection of the product. Mevotech delivers its MS25416 suspension trailing arm bushing with advanced direct fitting and superior ride quality. The product comes with a Mevotech SUPREME factory warranty.