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Global Automotive Bushing Market to Grow at a CAGR of about 4.5% between 2021 and 2026

According to a new report by EMR titled, ‘Global Automotive Bushing Market Report and Forecast 2021-2026', the global automotive bushing market reached a value of almost USD 132.7 billion in 2020. The market is further expected to grow at a CAGR of 4.5% in the forecast period of 2021-2026 to attain USD 175 billion by 2026.

The global automotive bushing market is being driven by the rising urbanisation coupled with the increasing preference for in-vehicle comfort by the consumers. A bushing or a rubber bushing is a type of vibration isolator. The bushing is applied to allow some movement in the vehicle suspension systems in order to move freely, such as when travelling over a large bump. The Asia Pacific market for automotive bushing is expected to witness robust growth over the forecast period due to the expansion of the automotive sector and the higher penetration of key players in the industry within the region.

In March 2020, Continental AG (OTCMKTS: CTTAY), a leading player in the market, received regulatory clearance for its acquisition of anti-vibrations systems manufacturer, Cooper Standard, which has production sites across India, Canada, France, and the United States. The acquisition will enhance Continental’s vibrations control technology portfolio with its expansion of solutions to reduce the effects of noise, vibration, and harshness (NVH) in vehicles. In April 2020, the company expanded into the Chinese E-vehicles market by providing optimised solutions for in-car vibration and noise levels for Chinese electric vehicles by working with major Chinese manufacturers like CHJ Automotive and NIO.

Market Analysis by Vehicle Type, Electric Vehicle Type, Application, and Region:

  • The automotive bushing market, on the basis of vehicle type, is divided into a passenger car, light commercial vehicle, and heavy commercial vehicle. 
  • The market is divided on the basis of electric vehicle type into battery electric vehicle (BEV), hybrid electric vehicle (HEV), and plug-in hybrid electric vehicle (PHEV).
  • Automotive bushing finds its applications in the engine, suspension, chassis, interior, exhaust, and transmission.
  • Regionally, the global automotive bushing market can be segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of The Report:

  • The global automotive bushing industry is driven by the growing urbanisation. 
  • The rising market for the automotive industry is positively impacting the automotive bushing industry by increasing the demand for anti-vibration parts in the vehicle.
  • The growing population in China and India is further propelling the market growth.
  • The stringent government standards and the rising concern for automobile safety are expanding the industry in North America and Europe.
  • The growing preference for in-vehicle comfort, safety, and the increasing adoption of maintenance technology are some of the major reasons driving market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global automotive bushing market for the periods (2014-2018) and (2020-2024).
  • The report also offers the historical (2014-2018) and forecast (2020-2024) markets for the vehicle type, technology, industry, and regional markets of automotive bushing. 
  • It gives an in-depth look at the regional price trends in the global automotive bushing market for the periods (2014-2018) and (2020-2024).

Continental AG, Sumitomo Riko Company Limited, Mahle GmbH, DuPont de Nemours, Inc., Tenneco Inc., OILES CORPORATION, Paulstra Snc, BOGE Rubber & Plastics Group, and Benara Udyog Limited, among others, are the key players in the global automotive bushing market as identified by EMR. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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