Automotive Bushing - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

Automotive Bushing - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

The Automotive Bushing Market size is estimated at USD 164.53 billion in 2024, and is expected to reach USD 208.30 billion by 2029, growing at a CAGR of 4.83% during the forecast period (2024-2029).

Key Highlights

• The COVID-19 pandemic had a significant impact on the automotive bushing market. The pandemic caused a number of disruptions to the automotive industry. Many automotive manufacturers were forced to shut down production due to the pandemic. This led to a decrease in demand for automotive bushings.
• The pandemic also caused disruptions to the automotive supply chain. This made it difficult for automotive manufacturers to obtain the materials they needed to produce bushings. Economic slowdown: The economic slowdown caused by the pandemic also led to a decrease in demand for new vehicles. This had a knock-on effect on the demand for automotive bushings. But as the situation got back to normal and the production of vehicles increased significantly, it drove the market in the coming year.
• With the growing standards of vehicles, it is essential for a vehicle to have minimum levels of noise, harshness, and vibrations. The increased concern about noise and air pollution amongst the end users and strict government norms for automobile manufacturers to ensure that their vehicle produces minimum levels of noise pollution have been the major growth drivers in the automotive bushing market.
• With the increase in income levels of the people, they are spending their excess money on buying new and luxurious vehicles. It is expected during the forecast period that the sales of automobiles all around the world will grow. With an increase in sales of automobiles, the market for bushing will also increase as it is an essential material in various parts of an automobile.

Automotive Bushing Market Trends

Rise in Comfort Levels and Silent Cars Driving the Market

• The rise in comfort levels and silent cars is driving the automotive bushing market. Bushings are used in the suspension system to absorb shocks and vibrations. This helps to provide a smoother ride and reduce noise. For instance, in March 2023, Continental AG announced that it had launched a new line of bushings for electric vehicles. The new line of bushings is designed to reduce NVH in electric vehicles, which are more prone to noise and vibration than gasoline-powered vehicles.
• Bushings are used in engine mounts to isolate the engine from the rest of the vehicle. This helps to reduce noise and vibration, and it also helps to improve the performance of the engine.
• Bushings are used in transmission mounts to isolate the transmission from the rest of the vehicle. This helps to reduce noise and vibration, and it also helps to improve the performance of the transmission.
• As the demand for more comfortable and silent cars increases, the demand for bushings is also expected to increase. This is because bushings play an important role in reducing noise and vibration.
• Lightweight vehicles are becoming increasingly popular, and this is driving the demand for bushings. Bushings made from lightweight materials, such as aluminum and composites, are becoming more popular as they offer weight savings without compromising performance.
• New technologies, such as electric vehicles and autonomous vehicles, are driving the demand for new bushings. Electric vehicles require bushings that can handle the high torque of electric motors, and autonomous vehicles require bushings that can provide precise control.
• The aftermarket for automotive bushings is growing as more and more motorists are choosing to replace worn or damaged bushings. This is driving the demand for bushings from aftermarket suppliers.
• Overall, the automotive bushing market is expected to continue to grow in the coming years. The market is expected to benefit from the increasing demand for comfortable and silent cars, the development of new technologies, and the growth of the aftermarket.

Asia Pacific Captures Major Market Share

• Asia-Pacific captures the major market share in the automotive bushing market. The growing automotive industry in Asia Pacific: The automotive industry in Asia Pacific is growing rapidly, and this is driving the demand for automotive bushings.
• For instance, in 2022, it was estimated that about 37.5 million passenger cars were sold within the Asia-Pacific region, including the Middle East, of which over 23.6 million were sold in China. Comparatively, it was also estimated that approximately 34.57 million passenger cars will be sold in the Asia-Pacific region in 2021.
• The increasing demand for premium vehicles: The demand for premium vehicles is increasing in Asia-Pacific, and these vehicles typically require a greater number of bushings than economy vehicles.
• The development of new technologies, such as electric vehicles and autonomous vehicles, is driving the demand for new bushings. These vehicles are more prone to noise and vibration than gasoline-powered vehicles, which requires the use of bushings that are specifically designed for these vehicles.
• The automotive industry in the Asia-Pacific is under increasing pressure to improve safety, and bushings play an important role in safety systems. Bushings are used in a variety of safety-critical applications, such as suspension and steering systems. As the focus on safety continues to increase, the demand for bushings in safety systems is also expected to increase.
• China, Japan, and India These countries are home to some of the largest automotive manufacturers in the world, and they are also seeing rapid growth in the demand for premium vehicles and new technologies. As a result, these countries are expected to continue to be major markets for automotive bushings in the coming years.
• The use of lightweight materials in vehicles is increasing, and this is driving the demand for automotive bushings. Lightweight materials can help to reduce noise, but they can also make vehicles more prone to noise. Automotive bushings can be used to mitigate the noise from lightweight materials. Active noise cancellation is a technology that can be used to reduce noise. This technology is becoming increasingly popular in vehicles, and it is expected to drive the demand for automotive bushings.
• Overall, the automotive bushing market in the Asia-Pacific is expected to continue to grow in the coming years. The market is expected to benefit from the increasing demand for premium vehicles, the development of new technologies, and the increasing focus on safety.

Automotive Bushing Industry Overview

The automotive bushing market is highly fragmented due to the presence of many regional and international players in the market. The major players in the market are Continental AG, Vibracoustic, Mahle, Delphi Technologies, Sumitomo Riko, Etc.

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