Report Id: SNS/AUTO/2258 | July 2022 | Region: Global | 130 Pages
Report Scope & Overview:
Automotive Bushing Market Size was valued at USD 156.2 billion in 2022, and expected to reach USD 217.40 billion by 2030, and grow at a CAGR of 4.2 % over the forecast period 2023-2030.
Automotive bushing in a car act as a shock absorber and can provide smooth interference, very little vibration, and control the noise made by moving parts. Most of the time, elastic or polyurethane is used to make bushings for cars. Most of the time, it is used in suspension, which makes the ride more comfortable for passengers by reducing bumps. One of the best things about automotive bushing is that it needs less or no grease and transfers less noise and vibration. Modern noise, harshness, and vibration standards make it necessary to use automotive bushing to cut down on noise and vibration. So, over the next few years, the market is likely to be driven by the growing demand for comfort and luxury.
In most cases, rubber or polyurethane is used to make vehicle bushings. To provide a smooth ride and prevent jolts, they are mostly used as shock absorbers in suspension systems. Two metal parts are isolated using automotive bushings, which are commonly seen in vehicles. Because automobile bushings require less or no grease and also transfer less disturbance or vibrations, they have a considerable advantage over other types of bushings. The market will expand in terms of volume and value as people's concerns about vehicle driving comfort, their desire for a smooth ride, and their willingness to pay more for luxury automobiles grow.
Market Dynamics:
Drivers:
The growth of the auto parts industry is going up.
A growing number of people are worried about the comfort of their vehicles' rides.
An increase in luxury vehicle purchases are projected to fuel the market's growth in the near future.
Restraints:
High competition in the market for automotive bushing advances in the automotive part sector.
Concerns about safety and vibrations have grown.
Opportunity:
Innovative polyurethane automobile bushings that give a high level of comfort.
Customers' awareness of safety and luxury has led them to buy expensive cars, which will fuel the industry.
Challenge:
Fluctuating raw material prices and availability will be the market's biggest hurdles.
Concerns about safety and vibrations have grown.
Impact of Covid-19:
As factories around the world have shut down, the market has been hit hard by a drop in sales and a drop in demand. Since the pandemic, the most productive countries in the world have made a list of which ones lost the most production. Also, economic trade has had a huge effect on companies that make things.
The auto industry and other industries like steel, chemicals, textiles, etc. are very important to the world economy. But since they have to close because of the pandemic, it has had a huge effect on the car business. After the lockdown, production may start right away, but the rise in demand is likely to take a while to come back. Companies are expected to lose money because of this.
Key Players:
Oiles Corporation, ZF Group, DuPont, Federal-Mogul LLC, BOGE Rubber & Plastics, Sumitomo Riko Company Limited, Paulstra SN, Vibracoustic GmbH, Continental AG, Mahle GmbH are the major key player in the Automotive Bushing Market.
Market Segmentation:
By Application
Engine
Suspension
Chassis
Interior
Exhaust
Transmission
By Vehicle Type
Passenger car (PC)
Light commercial vehicle (LCV)
Heavy commercial vehicle (HCV)
By Electric Vehicle Type
Battery electric vehicle (BEV)
Hybrid electric vehicle (HEV)
Plug-in-hybrid electric vehicle (PHEV)
Regional Analysis:
The global automotive bushing technologies market is split into four major regions: North America, Europe, Asia Pacific, and the rest of the world. During the forecast period, Asia-Pacific is expected to have the largest share of the market, followed by Europe. During the forecast period, the market for automotive bushing technologies will grow because more cars will be sold and because China and India have a lot of people. The market will grow even more as people worry more about safety and vibrations in vehicles. North America and Europe will have more growth because their governments have strict rules about how safe cars should be.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 156.2 Billion |
Market Size by 2030 | US$ 217.40 Billion |
CAGR | CAGR of 4.2% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • by Application (Engine, Suspension, Chassis, Interior, Exhaust, Transmission) • by Vehicle Type (Passenger car (PC), Light commercial vehicle (LCV), Heavy commercial vehicle (HCV)) • by Electric Vehicle Type (Battery electric vehicle (BEV), Hybrid electric vehicle (HEV), Plug-in-hybrid electric vehicle (PHEV)) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Oiles Corporation, ZF Group, DuPont, Federal-Mogul LLC, BOGE Rubber & Plastics, Sumitomo Riko Company Limited, Paulstra SN, Vibracoustic GmbH, Continental AG, Mahle GmbH |
Key Drivers | •The growth of the auto parts industry is going up. •A growing number of people are worried about the comfort of their vehicles' rides. |
RESTRAINTS | •High competition in the market for automotive bushing advances in the automotive part sector. •Concerns about safety and vibrations have grown. |
Frequently Asked Questions (FAQ) :
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Automotive Bushing Market Segment, By Application
8.1 Engine
8.2 Suspension
8.3 Chassis
8.4 Interior
8.5 Exhaust
8.6 Transmission
9. Automotive Bushing Market Segment, By Vehicle Type
9.1 Passenger car (PC)
9.2 Light commercial vehicle (LCV)
9.3 Heavy commercial vehicle (HCV)
10. Automotive Bushing Market Segment, By Electric Vehicle Type
10.1 Battery electric vehicle (BEV)
10.2 Hybrid electric vehicle (HEV)
10.3 Plug-in-hybrid electric vehicle (PHEV)
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profile
12.1 Oiles Corporation
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 ZF Group
12.3 DuPont
12.4 Federal-Mogul LLC
12.5 BOGE Rubber & Plastics
12.6 Sumitomo Riko Company Limited
12.7 Paulstra SNC
12.8 Vibracoustic GmbH
12.9 Continental AG
12.10 Mahle GmbH
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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