Automotive Bushing Market Forecasts to 2028 – Global Analysis By Vehicle Type (Passenger Cars, Heavy Commercial Vehicles (HCVs), Light Commercial Vehicles (LCVs), Electric Vehicle and Other Vehicle Types), Product (Suspension Arm Bushings, Damper Top Moun

Automotive Bushing Market Forecasts to 2028 – Global Analysis By Vehicle Type (Passenger Cars, Heavy Commercial Vehicles (HCVs), Light Commercial Vehicles (LCVs), Electric Vehicle and Other Vehicle Types), Product (Suspension Arm Bushings, Damper Top Mounts, Subframe Bushings, Engine Mounts, Suspension Mounts and Hydro Bushings), Application and By Geography

According to Stratistics MRC, the Global Automotive Bushing Market is accounted for $155.14 billion in 2022 and is expected to reach $234.52 billion by 2028 growing at a CAGR of 7.13% during the forecast period. Automotive bushings serve as a bolster between various components, regulating joint movement and minimising noise, vibration, and stress. The car uses a variety of bushings, including flanged bushings, control arm bushings, steering rack bushings, and leaf spring bushings. The bushing guarantees lessened shock and vibration transmission between the components of the vehicle. Rubber bushings are used in the automotive industry to lessen noise, increase driver comfort, and prevent vibration-related damage which boosts the automotive bushing market.

Market Dynamics:

Driver:

Increase in interest in lightweight vehicles

The need for lightweight bushing is anticipated to change as the emphasis on lightweight automobiles increases globally. Automakers are using lightweight raw materials as a result of the rising demand for lightweight passenger and commercial cars. Rubber and polyurethane materials are being prioritised by automobile manufacturers for the bushing, which helps lighten the total weight of vehicles. Vehicles with lightweight bushing have less excessive vibration and noise, have longer-lasting engines and sensor components, and are safer for the transmission and other crucial components.

Restraint:

Lack of standardization

Automotive bushings are not standardised since they vary depending on the characteristics and specifications of each vehicle. There are many different bushings on the market, but because they are used with different parts of automobiles, they do not have any established standards. The bushing's lack of standardisation drives up manufacturing costs for OEMs. The creation of numerous new model automobiles enables market participants to spend money on design.

Opportunity:

Demand for comfort and safety

The growing focus on enhancing ride comfort, safety, and quality is anticipated to drive market expansion. Furthermore, the need for high-quality automotive bushing to enhance the suspension of vehicles on the road is allowing OEMs to provide the market thanks to strict government restrictions and the availability of numerous vendors selling luxury cars. Better bushing enables OEMs to produce cars with less noise and vibration that are safer and more comfortable for drivers and passengers. To ensure that new cars have less vibration and noise, automotive manufacturers are emphasising NVH study. The market expansion is anticipated to be supported by the rising consumer demand for luxury vehicles with improved safety and comfort.

Threat:

Require regular replacement

A car's automotive bushing replacement process is time-consuming and difficult. In self-lubricating bushings, it's crucial to make sure no dust enters the bearing because that could harm the bushings and the part's surface. The use of rubber protection covers is required in this situation. Furthermore, the level of comfort and noise reduction offered by polyurethane vehicle bushings is not very great. Over the forecast period, this is anticipated to restrain the growth of the automotive bushing market.

Covid-19 Impact

Worldwide auto manufacturing activities were adversely affected by the COVID-19 pandemic as many manufacturers were forced to shut down their factories owing to pandemic regulations. For example, the International Organisation of Motor Car Manufacturers (OICA) reports that car manufacturing decreased by 15.7% in 2020 compared to 2019. The fall in car production in 2020 had an impact on the demand for several automobile parts, including bushing. Automobile manufacturing decreased all across the world as a result of the shortage of semiconductor chips brought on by the disruption of the supply chain thus hindering the growth of the market.

The passenger cars segment is expected to be the largest during the forecast period

The passenger cars segment is estimated to have a lucrative growth, due to the expanding demand for passenger vehicles around the world. In addition, because of growing production and sales of commercial vehicles, manufacturers are able to include lightweight bushing into passenger vehicles thanks to strict government rules on light-weight passenger automobiles.

The suspension arm bushings segment is expected to have the highest CAGR during the forecast period

The suspension arm bushings segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the need for automobile bushing for suspension applications is being driven by the rising popularity of premium vehicles that provide greater comfort on slick roads. Because it regulates the movement of the metal elements, the automotive suspension bushing is regarded as a crucial component of the car Vehicle skids, flips, and crashes are all prevented by automotive suspension bushing on various types of roads which drives the market.

Region with highest share:

Asia Pacific is projected to hold the highest market share during the forecast period owing to the expansion of the automobile sector in the region and increasing investment in sophisticated automotive operations is anticipated to drive market expansion. The development of cutting-edge manufacturing facilities for automotive components is expected to be fuelled by supportive government efforts in China and India including Make in India and Startup India. The expansion of the market is anticipated to be fuelled by the rising demand for heavy commercial vehicles as a result of the region's expanding industrial activity which is propelling the market in this region.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the presence of numerous top automakers. The rising income levels of individuals around the world will also have a role. Due to the US and Canada's expanding economies, the region has potential for market expansion. During the forecast period, it is anticipated that the income levels of those who live in these countries would increase, allowing them to purchase more vehicles thereby enhancing the market growth.

Key players in the market

Some of the key players profiled in the Automotive Bushing Market include Continental AG, Delphi Technologies, Vibracoustic, Hyundai Polytech India Pvt. Ltd., Dupont, Tenneco, Mahle, Cooper Standard Holdings Ltd., Boge rubber and plastics, Sumitomo Riko, Siemens, Trench Limited, Federal-Mogul LLC, Nolathane, Paulstra SNC, Benara Udyog Limited, Oiles Corporation, ZF Friedrichshafen AG, HSP & TRENCH BUSHING GROUP and Hutchinson Paulstra

Key Developments:

In April 2023, Continental and HERE partner with IVECO to increase safety and fuel-saving functions in commercial vehicles, these will be delivered through Continental’s eHorizon platform, aggregating and delivering HERE map content, with data exchange enabled by Continental’s scalable 4G/5G telematics control unit.

In Feb 2023, Monroe® Launches New OESpectrum® Shock and Mount Assembly for Popular Vehicle Applications, this new preassembled part comes in one complete package, eliminating the need for special tools and potential damage to other parts during the removal process.

In Nov 2021, Delphi Technologies launches new global steering and suspension offering for the Tesla Model unlocking a path to a new repair prospect, the launch is comprised of several new parts, including control arms, link stabilisers, tie rods, and ball joints.

Vehicle Types Covered:
• Passenger Cars
• Heavy Commercial Vehicles (HCVs)
• Light Commercial Vehicles (LCVs)
• Electric Vehicle
• Other Vehicle Types

Products Covered:
• Suspension Arm Bushings
• Damper Top Mounts
• Subframe Bushings
• Engine Mounts
• Suspension Mounts
• Hydro Bushings

Applications Covered:
• Engine
• Suspension
• Exhaust
• Transmission
• Interior
• Chassis

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements