Automotive Bushing Market Size (2024 - 2029)

The automotive bushing technologies market is projected to experience growth over the forecast period, driven by increasing vehicle production and stringent regulations aimed at reducing noise and pollution. The market's expansion is influenced by rising income levels, which lead to higher demand for new and luxurious vehicles, thereby boosting the need for automotive bushings. Despite the initial disruptions caused by the COVID-19 pandemic, which affected production and supply chains, the market is expected to recover and grow as automotive manufacturing resumes and demand increases.

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Market Size of Automotive Bushing Industry

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Automotive Bushing Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 164.53 Billion
Market Size (2029) USD 208.30 Billion
CAGR (2024 - 2029) 4.83 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Automotive Bushing Market Major Players

*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 Industry Segmentation

The automotive bushing market refers to the industry that supplies various types of bushings used in vehicles. Bushings are cylindrical components designed to provide support, reduce friction, and absorb shocks and vibrations in automotive applications. They are typically made of materials such as rubber, polyurethane, or metal and are used in various vehicle systems, including suspension, engine mounts, chassis, and transmission.

The automotive bushing market is segmented by vehicle type, application type, by geography. By vehicle type, the market is segmented into passenger cars and commercial vehicles. By application type, the market is segmented into suspension system bushings, engine mount bushings, chassis bushings, and transmission bushings. By geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

The report offers market size and forecasts in value (USD) for all the above segments.

Vehicle Type
Passenger Car
Commercial Vehicle
Application Type
Suspension System Bushings
Engine Mount Bushings
Chassis Bushings
Transmission Bushings
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Rest of Europe
Asia Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Brazil
United Arab Emirates
Other Countries
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Automotive Bushing Market Size Summary

The automotive bushing market is poised for significant growth over the forecast period, driven by increasing demand for vehicle comfort and reduced noise, vibration, and harshness (NVH) levels. The market's expansion is supported by the rising sales of automobiles globally, as consumers with higher income levels opt for new and luxurious vehicles. The demand for bushings is further bolstered by the automotive industry's shift towards electric and autonomous vehicles, which require advanced bushing technologies to manage the unique challenges posed by these innovations. The market is also experiencing growth in the aftermarket sector, as more vehicle owners seek to replace worn or damaged bushings to maintain vehicle performance and comfort.

Regionally, the Asia-Pacific market holds a dominant position, fueled by the rapid growth of the automotive industry in countries like China, Japan, and India. The increasing demand for premium vehicles in this region, along with the development of new technologies, is driving the need for more sophisticated bushing solutions. Additionally, the focus on safety and the use of lightweight materials in vehicle manufacturing are contributing to the market's expansion. The presence of major automotive manufacturers and the ongoing investments in production capacity by key players like Continental AG and Vibracoustic further underscore the market's potential for continued growth in the coming years.

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Automotive Bushing Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Increasing Vehicle Production

      2. 1.1.2 Emphasis on Vehicle Comfort and NVH Reduction

    2. 1.2 Market Restraints

      1. 1.2.1 Economic Fluctuations And Uncertainties

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Vehicle Type

      1. 2.1.1 Passenger Car

      2. 2.1.2 Commercial Vehicle

    2. 2.2 Application Type

      1. 2.2.1 Suspension System Bushings

      2. 2.2.2 Engine Mount Bushings

      3. 2.2.3 Chassis Bushings

      4. 2.2.4 Transmission Bushings

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Rest of North America

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Rest of Europe

      3. 2.3.3 Asia Pacific

        1. 2.3.3.1 India

        2. 2.3.3.2 China

        3. 2.3.3.3 Japan

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Rest of the World

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 United Arab Emirates

        3. 2.3.4.3 Other Countries

Automotive Bushing Market Size FAQs

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.

In 2024, the Automotive Bushing Market size is expected to reach USD 164.53 billion.

Automotive Bushing Technologies Market Report Snapshots

Automotive Bushing Technologies Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)