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Vehicle Production Boosting The Automotive Bushing Market: Strengthening the Growth Trajectory of the Automotive Bushing Market
Automotive Bushing Market
What Is the Expected CAGR for the Automotive Bushing Market Through 2025?
There has been robust growth in the automotive bushing market size in the past few years. The market is projected to expand from $161.4 billion in 2024 to $169.7 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%. Factors such as enhancements in vehicle production, regulatory compliance, the priority on consumer comfort and ride quality, globalization of automotive supply chains and government incentives are the primary drivers for the growth experienced in the historic period.
What's the Projected Size of the Global Automotive Bushing Market by 2029?
In the coming years, the automotive bushing market is projected to experience significant expansion, reaching a value of $219.46 billion in 2029, with a compound annual growth rate (CAGR) of 6.6%. This surge in growth during the forecast period could be ascribed to factors such as the electrification of vehicles, lightweighting initiatives, the advent of autonomous vehicles, stringent emission regulations, and advanced production methods. Other prevailing trends for this period encompass active suspension systems, adoption of sustainable materials, sealed and maintenance-free designs, customization for performance vehicles, and the amalgamation of intelligent technologies.
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Top Growth Drivers in the Automotive Bushing Industry: What's Accelerating the Market?
The surge in automobile manufacturing is anticipated to boost the development of the automotive bushing sector in the future. A vehicle, which is a machined device equipped with an engine and wheels for transporting people or goods, has seen increased production in recent times, due to the rapid urbanization and the global auto manufacturers' expansion. Considering that bushings are a key component in every vehicle, a rise in vehicle production directly leads to a boosted demand for automotive bushings. For instance, the Driving Mobility Association, a Europe-based manufacturers' group reported in May 2023, that there was an 5.7% increase from 2021 in global motor vehicle production, hitting 85.4 million units in 2022. Hence, the automotive bushing market is flourishing due to the expanding vehicle production figures.
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What Trends Will Shape the Automotive Bushing Market Through 2029 and Beyond?
Leading enterprises in the automotive bushings market are prioritizing the creation of innovative solutions like intelligent cable connection bushing to augment the efficacy and safety of medium voltage distribution systems. A cable connection bushing is a protective mechanism that securely allows electrical cables to traverse a barrier, such as a wall or a box, ensuring the cable remains insulated and avoids contact with other components. For instance, in April 2023, Siemens AG, a German automation firm, introduced SIBushing, SICAM FCM Plus, and SIPROTEC 7SY82 to advocate for green energy management practices. These solutions serve unique functions such as precise measurement capabilities, sophisticated fault detection algorithms for enhanced visibility in medium voltage distribution systems, and multi-purpose protection with Low Power Instrument Transformer (LPIT) inputs.
What Are the Main Segments in the Automotive Bushing Market?
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 Top Companies are Driving Growth in the Automotive Bushing Market?
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
Which Regions Will Dominate the Automotive Bushing Market Through 2029?
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
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