About Automotive Suspension Bushes
A vehicle suspension system is made of four key components-mechanism, shock absorber, spring, and bushings. The bushings prevent the direct contact of two metal objects in order to isolate noise and diminish the vibration of the vehicles. Soft materials such as rubber are used in bushings for isolation. The rubber suspension is a type of vibration isolator used to connect various moving components to the vehicle body or suspension frame. Revolute joints are the most common type of bushings that are used in the vehicles. They are annular cylindrical in shape and support a rotational relative motion, whereas ball joints allow rotational relative motion in all directions.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United Kingdom Vendors will contribute the maximum growth to Global Automotive Suspension Bushes market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bonaprene Products Ltd. (United Kingdom), Tenneco Inc. (United States), Fibet Group (United Kingdom), GMT Rubber Metal Techni Ltd. (United Kingdom), SuperPro (Australia), Shanghai Pepsen Polyurethane Co Ltd. (China), Emdit Jamshedpur Pvt. Ltd. (India), Teknorot (Turkey), Energy Suspention (United States), American Urethane Inc. (United States) and Hardrace (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are TEMA Auto Parts Co., Ltd. (China) and Kameshwar Rubber Company (India).
Segmentation Overview
AMA Research has segmented the market of Global Automotive Suspension Bushes market by Type (Ball Joint Bushes, Control Arm Bushes, Anti-Roll Bar Bushes, Shock Absorber Bushes and Others), Application (Noise Transmission, Vibration Isolation and Others) and Region.
On the basis of geography, the market of Automotive Suspension Bushes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Turkey, Africa), North America (United States, Canada, Mexico). If we see Market by Suspension Type, the sub-segment i.e. Macpherson Strut will boost the Automotive Suspension Bushes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle Type, the sub-segment i.e. Passenger car will boost the Automotive Suspension Bushes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Bushes Material Type, the sub-segment i.e. Rubber will boost the Automotive Suspension Bushes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Use of Lightweight Materials to Increase the Efficiency of Vehicles
Market Growth Drivers:
Increasing Demand for Comfort, Protection, and Ride Quality and Growing Adoption of Luxury Cars
Challenges:
Increasing Price of Natural Rubber
Restraints:
Absence of Standardization for Bushing System in Automotive
Opportunities:
Rising Demand for Bushings with High Load Carrying Capacity for Heavy-Duty Applications
Market Leaders and their expansionary development strategies
In March 2022, ZF announced the creation of its new division, which unites the company’s former Commercial Vehicle Technology and Commercial Vehicle Control Systems. ZF is the largest single-source complete commercial vehicle technology supplier and integrator. The integration of four respected brands, WABCO, TRW, Lemförder and Sachs enables ZF to successfully partner with customers. With this new business development, company is able to catch attention from its end users with huge geographical reach.
In April 2022, Continental AG has opened INR 200-crore new surface solutions plant in India. It is located at Pune. Company has inaugurated its 149,000 square feet greenfield surface solutions plant in Pune. The manufacturing facility is going to produce premium surface materials for car interiors (including EVs) and two-wheeler seats for its domestic market and exports. With this new development, company has expanded its manufacturing capacity and geographical reach.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.