Press release
Automotive Bushing Market in Suspension Segment is Predicted to Showcase Significant Growth By 2025
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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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.
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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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.
Few industry participants in the automotive bushing market share include Dupont, Hyundai Polytech India, Vibracoustic, ZF Friedrichshafen, Continental, BOGE Rubber and Plastics, Tenneco Inc. Industry players are engaged in strategic acquisitions and mergers for expanding their market share. For instance, in October 2018, Tenneco Inc announced the completion of the acquisition of Federal Mogul for complementing its product portfolio with a diversified range of automotive parts and components.
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