The "Automotive Bushing Technologies Market to 2025 by Type (Damper Bushings, Bump stops, Top Mounts, Suspension Arm Bushings, Subframe Bushings and PT Mounts); Suspension Type (McPherson, Double Wishbone, Multilink and CTBA); and Vehicle Segment (A/B, C, D, E, F and SUV (A, B, C, and D), and MPV & PT) - Global Analysis and Forecast"
Automotive Bushing Technologies Market to 2025 - Global Analysis and Forecast by Type, Suspension Type and Vehicle Type. Automotive Bushing Technologies market is expected to grow to US$ 9.95 billion by 2025 from US$ 7.56 billion in 2017. It is believed that there are more than a billion cars are on road worldwide. Also, people have been keen on keeping cars for longer times with them than ever before and therefore, the expenditures on the aesthetics and design of cars is expected to be more than ever before. Previously, automotive bushings were considered to be the most overlooked suspension components in the passenger cars. However, with gaining importance for fuel efficiencies while driving and surging demands for smoother rides have translated into healthy growth for bushing products in the passenger cars. Bushings being used as products that are used to isolate the vibrations and noises and reduce the energy being transmitted to the vehicle occupants by damping them have gained significant importance in the modern times.
The car manufacturers today are concerned with meeting the Noise Vibration Harshness (NVH) standards as every moving part of the vehicle produces some sort of noise. Therefore, a vehicle comes with a number of bushings fitted at places which are sources of nose generations while on the move.
Majority of these bushings are fitted near or around the suspension systems of the vehicle. Depending upon various parameters different types of bushings are sold in the market. The critical parameters for identifying the appropriate bushing include cost of the bushing, durability & lifespan of the bushing, feel performance to the vehicle occupant on the road, performance of the bushing, NVH rating and installation & maintenance complexities.
Currently, the automotive bushing technologies market is experiencing a steady growth that is attributed to numerous factors. The most significant factors that have impacted the growth of this industry are more disposable incomes with consumers and consequently more number of passenger cars on the roads; poor condition of roads in the developing and the under developed economies and the parallel advancements made in the consumer products industry. Over the years the automobile industry has experienced occasional highs and lows as a result of the changes in economy, weather conditions and the interest from new investors. The consumer spending on automotive components and other allied accessories has changed drastically that present large opportunities to the businesses today. McPherson and Coupled Torsion Beam Axle (CTBA) suspension systems occupy lesser horizontal and vertical spaces and are therefore used by the car manufacturers to reduce the overall cost of the cars. These types of suspension systems are typically used in the lower segment and entry level cars such as Class A and Class B. Also, double wishbone and multi-link suspension systems occupy more engine spaces and are expensive systems as compared to the other two. These two suspension systems however offer the best stability and dynamic response to a car while it is moving and are therefore used in premium and luxury cars.
The growth of this technology is very high as more and more countries are increasing investing to implement in this technology for sustainability and easier car maintenance factors. In the forecasted period, the automotive bushing technologies market is estimated to grow at a good pace. Some of the key players contributing significantly to the market are Vibracoustic GmbH, BOGE GmbH, Continental AG, Tenneco, Inc., and Federal Mogul LLC.
The report segments the global automotive bushing technologies market as follows:
Global Automotive Bushing Technologies Market - By Type
Suspension Arm Bushings
Global Automotive Bushing Technologies Market - By Suspension Type
Coupled Torsion Beam Axle (CTBA)
Global Automotive Bushing Technologies Market - By Vehicle Type
MPV & PT
Global Automotive Bushing Technologies Market - By Geography
Rest of Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
Rest of MEA
South America (SAM)