Press release
Future of Automotive Bushing Market: Size, Share & Forecasts to 2029
Automotive Bushing
What Is the Projected Market Size Valuation of the Automotive Bushing Market by 2025?
The market size for automotive bushing has experienced steady growth in the past few years. It is expected to increase from $161.4 billion in 2024, reaching $167.47 billion in 2025, with a compound annual growth rate (CAGR) of 3.8%. The progression observed during the historic period can be linked to factors such as an increase in vehicle production, regulatory compliance, enhancements in consumer comfort and ride quality, global expansion of automotive supply chains, and government incentives.
What Is the Estimated Market Growth Value for the Automotive Bushing Industry in 2029?
In the upcoming years, the automotive bushing market size is predicted to witness a robust expansion. It is foreseen to escalate to $211.98 billion in 2029 with a compound annual growth rate (CAGR) of 6.1%. Key contributors to the growth in this forecast period are anticipated to be vehicle electrification, initiatives for lightweighting, autonomous vehicles, more rigid emission standards, and innovative manufacturing methodologies. Significant trends for this forecast period are active suspension systems, usage of eco-friendly materials, sealed and maintenance-free designs, customization for high-performance vehicles, and the incorporation of smart technologies.
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What Are the Growth Drivers and Opportunities in the Automotive Bushing Market?
The expansion of the automotive bushing market is anticipated to be driven by the escalating production of vehicles. A vehicle, which is a machine engineered to transport people or cargo, integrates an engine and wheels. Intensive urbanization and a surge in the growth of global automobile manufacturers have given impetus to the production of vehicles in recent times. Given that bushings are integral to all vehicles, a boost in vehicle production essentially translates to a surge in the demand for automotive bushings. For example, the Driving Mobility Association, an organization of manufacturers based in Europe, reported that the global production of motor vehicles hit 85.4 million units in 2022, which was in May 2023, witnessing a rise of 5.7% compared to 2021. Consequently, the increasing production of vehicles is acting as a catalyst in escalating the growth trajectory of the automotive bushing market.
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What Are the Primary Segments Covered in the Global Automotive Bushing Market Report?
The automotive bushing market covered in this report is segmented -
1) By Product Type: Damper Top Mounts, Suspension Arm Bushings, Subframe Bushings, Hydro Bushings, Engine Mounts, Suspension Mounts
2) By Vehicle Type: Passenger Car (PC), Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
3) By Application: Engine, Suspension, Chassis, Interior, Exhaust, Transmission
4) By Distribution Channel: Original Equipment Manufacturer, After market
Subsegments:
1) By Damper Top Mounts: Rubber Damper Top Mounts, Polyurethane Damper Top Mounts
2) By Suspension Arm Bushings: Control Arm Bushings, Trailing Arm Bushings, Radius Arm Bushings
3) By Subframe Bushings: Front Subframe Bushings, Rear Subframe Bushings
4) By Hydro Bushings: Fluid-filled Hydro Bushings, Non-fluid Hydro Bushings,
5) By Engine Mounts: Hydraulic Engine Mounts, Solid Engine Mounts, Torque Axis Mounts
6) By Suspension Mounts: Strut Mounts, Shock Absorber Mounts, Leaf Spring Mounts
What Are the Top Growth Trends in the Automotive Bushing Market?
Leading businesses in the automotive bushings market are concentrating on the creation of advanced solutions, such as intelligent cable connection bushing, to improve the effectiveness and safety of medium voltage distribution systems. A cable connection bushing is a protective tool that permits cables to pass safely through obstructions, such as walls or boxes, while ensuring the cable remains insulated and does not come into contact with other parts. For example, in April 2023, Germany-based automation firm, Siemens AG, introduced SIBushing, SICAM FCM Plus, and SIPROTEC 7SY82, which are designed to support eco-friendly energy management practices. These offerings include unique features such as precise measurement abilities, superior fault detection formulas for better transparency in medium voltage distribution systems, and multifunctional protection using Low Power Instrument Transformer (LPIT) inputs.
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Which Companies Are Shaping the Future of the Automotive Bushing Market?
Major companies operating in the automotive bushing market include Continental AG, ZF Friedrichshafen AG, MAHLE GmbH, Sumitomo Riko Company Limited, DuPont de Nemours Inc., BOGE Elastmetall GmbH, Vibracoustic GmbH, Federal-Mogul LLC, Paulstra SNC, Oiles Corporation, Nolathane Pty Ltd., Keats Manufacturing Co., Dayton Lamina Corporation, Jotex Rubber Industrial Co. Ltd., JRB Engineering Pvt. Ltd., Tenneco Inc., Delphi Technologies plc, BorgWarner Inc., Trelleborg AB, Dana Incorporated, Hutchinson SA, Freudenberg Co., Cooper-Standard Holdings Inc., Chassis Technology Products Inc., Haldex AB, MANN+HUMMEL Group, Tachi-S Co. Ltd., Hyspan Precision Products Inc., General Motors Company, BMW AG, Toyota Motor Corporation
Which Region Holds the Largest Market Share in the Automotive Bushing Industry?
North America was the largest region in the automotive bushing market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive bushing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Automotive bushing is a type of rubber based element which is used to segregate the vibrations of the parts it is used on, as well as isolating the part from any surrounding vibrations. Bushing is a mechanical part or component that is made by using rubber or polyurethane material. Bushing acts as…
