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Automotive Bushing Market 2019 Competitive Share & Forecast- Dupont, Hyundai Polytech India, Vibracoustic, ZF Friedrichshafen, Continental, BOGE Rubber and Plastics, Tenneco Inc
Automotive Bushing Market
Europe will contribute significantly in the automotive bushing market share over the projected timeframe. This can be attributed to the presence of major automobile manufacturers focusing on lunching vehicles at varied price range. Moreover, rising preference for high end and luxury cars across the region with superior suspension systems and reduced vibrations along with the incorporation of latest engine technologies are expected to boost the regional share over the study timeframe.
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Company profiled in Automotive Bushing Market report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Dupont
2. Hyundai Polytech India
3. Vibracoustic
4. ZF Friedrichshafen
5. Continental
6. BOGE Rubber
7. Plastics
8. Tenneco Inc.
The automotive bushing market share based on vehicle is segmented into PCV, LCV, and HCV. PCVs will showcase significant growth over the projected timeframe. This can be attributed to the increasing preference for personal mobility solutions. Moreover, rising automotive sales globally on account of improving disposable income and the availability of a wide model range across different price range further accentuates the segment share.
Based on application, the automotive bushing market can be categorized into suspension, engine, chassis, and transmission. The suspension will showcase significant growth over the study timeframe. This can be credited to the increasing preference for automobiles with advanced suspension and vibration dampening capabilities for enhancing customer comfort without hampering the driving experience. Moreover, the proliferation of advanced suspension systems including independent suspension supporting the development of advanced bushings will drive the segment share.
Advancements in suspension technologies along with rising demand for luxury and premium vehicles are expected to significantly drive the sales of automotive bushing market over the projected timeframe. The balance of appropriate stiffness in suspension systems for maintaining comfort and vehicle driving dynamics are expected to significantly improve the adoption of hydro-bushing systems in automobiles.
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Automotive bushing manufacturers are continuously engaged in strategic partnerships and agreements to develop advanced products for suiting the OEM’s requirements. For instance, in 2015, TrelleborgVibracoustic in association with Range Rover developed a heavy-duty hydro bush for heavier SUVs. These bushings can offer superior dampening characteristics, that are ideal for driving such vehicles across diversified terrains.
Industry participants across the region are continuously upgrading their products and applying for patents for their customized bushing solutions. For instance, in January 2018, Tenneco was awarded a patent related to the controlled torque bushings with higher conical stiffness technologies. Additionally, the lower torsional breakaway enables the manufacturers to assemble suspension system at any position, thereby driving the regional growth.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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