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Automotive Suspension Bushes Market Latest Trends and Forecast Analysis up to 2026
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The global automotive suspension bushes market has a significant stand in the automotive sector because of its principle use in the automotive suspension systems. Automotive suspension bushes are made of components whose mechanical properties, and abrasion resistance are excellent, such as polyurethane which is extensively used for making suspension bushes having properties such as greater tear strength, tolerance to ozone and oils, and high toughness among others. The global automotive suspension bushes market is expected to grow at a modest CAGR over the forecast period.
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The global automotive suspension bushes market is primarily driven by the growth in the automotive sector with significant growth in the sales of vehicles across the globe, along with the increasing demand for smooth, safe and comfortable drive on long journeys and in different terrains by the passengers. Moreover, innovations and developments for manufacturing safe and lighter automotive suspension systems for automotive in order to reduce the fuel consumption and emissions is expected to drive the global market for automotive suspension bushes. The volatile cost of raw materials compared to that of natural rubber used for suspension bushes might restraint the global automotive suspension bushes market.
The global automotive suspension bushes market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan and Middle East and Africa (MEA). Among the aforementioned regions, the APEJ market for automotive suspension bushes holds the largest market share, China being the largest automotive market in the region is attributed to the growth of automotive bushes market in the region. Latin America market for automotive bushes is followed by the APEJ market.
The adoption of renewable resources for the production of prime raw material polyurethane used in automotive suspension bushes in the regions like North America and Western Europe is expected to push the market for automotive suspension bushes in these regions. Japan and the Middle East and Africa market is also expected to pace up in the automotive suspension bushes market by the end of forecast period.
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