Press release
Global Automotive Bushing Market to Reach $219.46 Billion by 2029, Growing at 6.6% CAGR
Automotive Bushing Market Size
The automotive bushing market is set to expand, spurred by increasing vehicle production. Described as an engine-fitted machine on wheels that moves goods or individuals, a vehicle's production has mostly been on an upward trajectory in recent years. This surge in production particularly attributable to rapid urbanization and the proliferation of global automotive manufacturers. Bushings, being essential in every vehicle's production process, will naturally have their demand rise in line with increased vehicle manufacturing. A case in point is data from the Europe-based Driving Mobility Association that validates this trend. In May 2023, they reported that worldwide motor vehicle production had hit 85.4 million units in 2022, rising by a substantial 5.7% from 2021. As such, it's evident that the growth in vehicle production is a significant driver in the expansion of the automotive bushing market.
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How will the growth rate of the automotive bushing market shape industry trends by 2034?
In recent times, we have witnessed significant growth in the automotive bushing market size. The market, currently valued at $161.4 billion in 2024, is predicted to increase to $169.7 billion in 2025, growing at a compound annual growth rate (CAGR) of 5.1%. This progression during the historic period is due to factors such as increased vehicle production, regulatory compliance, enhancements in consumer comfort and ride quality, the globalization of automotive supply chains, alongside governmental incentives.
In the upcoming years, the market size for automotive bushing is projected to witness substantial growth, escalating to $219.46 billion in 2029 with a compound annual growth rate (CAGR) of 6.6%. Factors contributing to this growth during the forecast period include vehicle electrification, initiatives focusing on lightweighting, the advent of autonomous vehicles, stricter emission standards, and innovative manufacturing methods. The period is also expected to see significant trends such as the incorporation of active suspension systems, use of sustainable materials, maintenance-free and sealed designs, customisations for high-performance vehicles, and the integration of smart technologies.
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What trends are poised to drive the future success of the automotive bushing market?
Leaders in the automotive bushing industry are concentrating on creating innovative solutions, including smart cable connection bushings, to improve the effectiveness and safety of medium voltage distribution systems. The term "cable connection bushing" refers to a safeguarding apparatus that enables electrical cables to penetrate a barrier, such as a wall or box, securely whilst insulating the cable and preventing touch with other components. For example, Siemens AG, a German automation firm, introduced SIBushing, SICAM FCM Plus, and SIPROTEC 7SY82 in April 2023 to promote eco-friendly energy management methods. These offer unique attributes such as highly accurate measurement abilities, advanced fault detection algorithms for increased clarity in medium voltage distribution systems, and multi-functional protection utilizing Low Power Instrument Transformer (LPIT) inputs.
Which primary segments of the automotive bushing market are driving growth and industry transformations?
The automotive bushing market covered in this report is segmented -
1) By Product Type: Damper Top Mounts, Suspension Arm Bushings, Subframe Bushings, Hydro Bushings, Engine Mounts, Suspension Mounts
2) By Vehicle Type: Passenger Car (PC), Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
3) By Application: Engine, Suspension, Chassis, Interior, Exhaust, Transmission
4) By Distribution Channel: Original Equipment Manufacturer, After market
Subsegments:
1) By Damper Top Mounts: Rubber Damper Top Mounts, Polyurethane Damper Top Mounts
2) By Suspension Arm Bushings: Control Arm Bushings, Trailing Arm Bushings, Radius Arm Bushings
3) By Subframe Bushings: Front Subframe Bushings, Rear Subframe Bushings
4) By Hydro Bushings: Fluid-filled Hydro Bushings, Non-fluid Hydro Bushings,
5) By Engine Mounts: Hydraulic Engine Mounts, Solid Engine Mounts, Torque Axis Mounts
6) By Suspension Mounts: Strut Mounts, Shock Absorber Mounts, Leaf Spring Mounts
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Which geographical regions are pioneering growth in the automotive bushing market?
North America was the largest region in the automotive bushing market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive bushing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the automotive bushing market landscape?
Major companies operating in the automotive bushing market include Continental AG, ZF Friedrichshafen AG, MAHLE GmbH, Sumitomo Riko Company Limited, DuPont de Nemours Inc., BOGE Elastmetall GmbH, Vibracoustic GmbH, Federal-Mogul LLC, Paulstra SNC, Oiles Corporation, Nolathane Pty Ltd., Keats Manufacturing Co., Dayton Lamina Corporation, Jotex Rubber Industrial Co. Ltd., JRB Engineering Pvt. Ltd., Tenneco Inc., Delphi Technologies plc, BorgWarner Inc., Trelleborg AB, Dana Incorporated, Hutchinson SA, Freudenberg Co., Cooper-Standard Holdings Inc., Chassis Technology Products Inc., Haldex AB, MANN+HUMMEL Group, Tachi-S Co. Ltd., Hyspan Precision Products Inc., General Motors Company, BMW AG, Toyota Motor Corporation
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What Is Covered In The Automotive Bushing Global Market Report?
•Market Size Forecast: Examine the automotive bushing market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive bushing market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive bushing market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive bushing market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive bushing market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive bushing market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive bushing market.
•Competitive Landscape: Review strategic developments in the automotive bushing market, including expansions, agreements, and new product launches.
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