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Global Automotive Bushing Market 2023 - By Analysis, Top Manufacturers, Competitive Landscape And Forecast 2032
Automotive Bushing Market
The Business Research Company's Automotive Bushing Global Market Report 2023 identifies growing vehicle production as the major driver for the Automotive Bushing market's growth in the forecast period. A vehicle is a machine with an engine and wheels that transports people or cargo. Due to rapid urbanization and the expansion of global auto manufacturers, vehicle production has been on the rise in recent years. Since the bushings are used in all vehicles, increased vehicle production simply results in increased demand for the automotive bushings.
The global automotive bushing market size grew from $146.73 billion in 2022 to $158.82 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive bushing market size is expected to grow to $206.02 billion in 2027 at a CAGR of 6.7%.
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Major competitors in the Automotive Bushing market are Continental AG, ZF Friedrichshafen AG, MAHLE GmbH, Sumitomo Riko Company Limited.
A key trend in the Automotive Bushing market includes product innovation. The launch of new products gives customers more and better options and better serves the customers, which in turn results in the growth of the market. For instance, in March 2021, REE Automotive, an Israel-based EV startup launched innovative drive component and platforms for better drive quality by reducing vibrations in chassis and wheel.
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The Automotive Bushing market is segmented -
• By Product Type: Damper Top Mounts, Suspension Arm Bushings, Subframe Bushings, Hydro Bushings, Engine Mounts, Suspension Mounts
• By Vehicle Type: Passenger Car (PC), Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
• By Application: Engine, Suspension, Chassis, Interior, Exhaust, Transmission
• By Distribution Channel: Original Equipment Manufacturer, Aftermarket
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Automotive Bushing market.
The Business Research Company's "Global Automotive Bushing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Bushing Market Include:
1. Executive Summary
2. Automotive Bushing Market Characteristics
3. Automotive Bushing Market Trends And Strategies
4. Automotive Bushing Market - Macro Economic Scenario
5. Automotive Bushing Market Size And Growth
…………………………………..
26. Africa Automotive Bushing Market
27. Automotive Bushing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Bushing Market
29. Automotive Bushing Market Future Outlook and Potential Analysis
30. Appendix
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