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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:
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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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