Automotive Bushing Market Size
|2019 - 2029
|Market Size (2024)
|USD 164.53 Billion
|Market Size (2029)
|USD 208.30 Billion
|CAGR (2024 - 2029)
|Fastest Growing Market
*Disclaimer: Major Players sorted in no particular order
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Automotive Bushing Market Analysis
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).
- 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 Passenger Car 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.
Automotive Bushing Market Leaders
*Disclaimer: Major Players sorted in no particular order
Automotive Bushing Market News
- January 2023: Rivian Automotive chose Tenneco as its supplier for intelligent suspension and anti-vibration performance materials for its first two electric vehicles: the R1T five-passenger pickup and R1S seven-passenger SUV. Tenneco provided its CVSA2/Kinetic H2 semi-active suspension technology and Clevite NVH performance elastomers for these vehicles.
- April 2023: Vibracoustic underwent an expansion of its production capacity to accommodate new customer projects. The company made significant investments in new production lines and equipment at its manufacturing facilities in Europe, the United States, and Mexico.
Automotive Bushing Market Report - Table of Contents
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Increasing Vehicle Production
4.1.2 Emphasis on Vehicle Comfort and NVH Reduction
4.2 Market Restraints
4.2.1 Economic Fluctuations And Uncertainties
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Vehicle Type
5.1.1 Passenger Car
5.1.2 Commercial Vehicle
5.2 Application Type
5.2.1 Suspension System Bushings
5.2.2 Engine Mount Bushings
5.2.3 Chassis Bushings
5.2.4 Transmission Bushings
5.3.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
5.3.3 Asia Pacific
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
5.3.4 Rest of the World
220.127.116.11 United Arab Emirates
18.104.22.168 Other Countries
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share**
6.2 Company Profiles*
6.2.1 Delphi Technologies
6.2.2 Continental AG
6.2.3 Sumitomo Riko
6.2.5 Boge rubber and plastics
6.2.6 Hyundai Polytech India Pvt. Ltd.
6.2.7 Cooper Standard Holdings Ltd.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Demand for Electric and Hybrid Vehicles
7.2 Sustainability and Environmental Considerations
Automotive Bushing Market Research FAQs
How big is the Automotive Bushing Market?
The Automotive Bushing Market size is expected to reach USD 164.53 billion in 2024 and grow at a CAGR of 4.83% to reach USD 208.30 billion by 2029.
What is the current Automotive Bushing Market size?
In 2024, the Automotive Bushing Market size is expected to reach USD 164.53 billion.
Who are the key players in Automotive Bushing Market?
Continental AG, Vibracoustic, Mahle, Delphi Technologies and Sumitomo Riko are the major companies operating in the Automotive Bushing Market.
Which is the fastest growing region in Automotive Bushing Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Automotive Bushing Market?
In 2024, the Asia Pacific accounts for the largest market share in Automotive Bushing Market.
What years does this Automotive Bushing Market cover, and what was the market size in 2023?
In 2023, the Automotive Bushing Market size was estimated at USD 156.58 billion. The report covers the Automotive Bushing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Bushing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Automotive Bushing Technologies Industry Report
Statistics for the 2024 Automotive Bushing Technologies market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Bushing Technologies analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.