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Global Automotive Bushing Market Projections Deliver Positive Revenue Growth during the Period between 2018-2028 / , Vibracoustic GmbH, Federal-Mogul LLC, Paulstra SNC, Oiles Corporation, Nolathane, Tenneco Inc, Cooper Standard Holdings Inc, Hyundai Polyt
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Furthermore, automotive bushings have a wide range of applications in vehicles, such as they are majorly used in a vehicle’s suspension system. When a vehicle travels over a bump, the automotive bushing can absorb the shock, providing a smooth and comfortable ride. In engine and transmission systems, automotive bushings are used to absorb the vibrations and noise created due to motion of the system.
Automotive Bushing Market: Dynamics:
In the growing automotive industry, vehicle manufacturers have to meet the set NVH standards in vehicles. Owing to this, the demand for automotive bushings is expected to increase at a significant rate over the forecast period. Furthermore, new vehicles are coming into the market with more advanced technologies and increased levels of comfort. Additionally, a premium vehicle normally requires more number of automotive bushings to make the ride more efficient and smooth. The rising demand for comfortable, safe, and premium vehicles is expected to drive the market of automotive bushings.
However, the replacement process for automotive bushings in a vehicle is very tedious and complex. Furthermore, polyurethane automotive bushings do not provide a high level of comfort and noise reduction. This is expected to hamper the growth of the automotive bushing market over the forecast period.
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Automotive Bushing Market: Regional Outlook
The Asia Pacific region is expected to have a significant share in the automotive bushing market, owing to increasing automotive sales and production in the region. China is projected to be the most attractive automotive market in the region, and is expected to majorly contribute towards the growth of the automotive bushing market in the region. For the production of polyurethane, which is the raw material of automotive bushings, the adoption of renewable resources is increasing in the North American region, which is expected to push the automotive bushing market.
Furthermore, in Europe, stringent regulations regarding vehicle NVH standards, and the growing automotive industry in the region are expected to drive the growth of the automotive bushing market over the forecast period. The Middle East & Africa and Latin America are also expected to show promising growth in the automotive bushing market over the forecast period.
Automotive Bushing Market: Market Participants
Some of the market participants in the global automotive bushing market are: Continental AG, ZF Friedrichshafen AG,MAHLE GmbH, Sumitomo Riko Company Limited, DuPont, BOGE Rubber & Plastics, Vibracoustic GmbH, Federal-Mogul LLC, Paulstra SNC, Oiles Corporation, Nolathane, Tenneco Inc, Cooper Standard Holdings Inc, Hyundai Polytech India, Benara Udyog Limited
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, product type, application, vehicle type, and sales channel.
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