Industry Background:
Upsurge in demand from the automotive industry due to the constant and significant growth in production of automobiles will help to boost global automotive bushing market. Automotive bushing is a rubber based component which is used to isolate the vibrations of the parts it is used on, as well as isolating the part from any surrounding vibrations. Automotive bushing is acts as a medium between two parts dropping the effect of interactions between two metal parts and causing a decrease in friction between the two.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Continental AG (Germany), ZF Group (Germany), Sumitomo Riko Company Limited (Japan), DuPont (United States), Federal-Mogul (United States), Oiles Corporation (Japan), Mahle GmbH (Germany), Tenneco Inc. (United States), Cooper Standard Holdings Inc. (United States) and Vibracoustic GmbH (Germany) |
According to AMA, the market for Automotive Bushing is expected to register a CAGR of 4.11% during the forecast period to 2028. This growth is primarily driven by Rising Demand due to Significant Growth in Automotive Sector and Increasing Adoption of Luxury Cars.
Globally, a noticeable market trend is evident Growing Demand for Comfort, Safety, and Ride Quality
The Automobiles sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Continental AG (Germany), ZF Group (Germany), Sumitomo Riko Company Limited (Japan), DuPont (United States), Federal-Mogul (United States), Oiles Corporation (Japan), Mahle GmbH (Germany), Tenneco Inc. (United States), Cooper Standard Holdings Inc. (United States) and Vibracoustic GmbH (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 28th March 2019, ZF Friedrichshafen AG, a leading global technology group and supplier of mobility systems for passenger cars, commercial vehicles, and industrial technology has acquired WABCO. The deal is established for 136.50 dollars per share.
On 16th June 2018, Tenneco Inc. has announced that it is supplying commercial vehicle manufacturer Daimler Trucks North America (DTNA) with Clevite® Controlled Torque™ spring eye bushings for new Freightliner Cascadia® Class 8 tractors.
Influencing Trend:
Growing Demand for Comfort, Safety, and Ride Quality and Significant Growth in Global Vehicle Parc
Market Growth Drivers:
Rising Demand due to Significant Growth in Automotive Sector and Increasing Adoption of Luxury Cars
Challenges:
Rising Concern about Growing Price of Natural Rubber and Growing Demand for Pure Electric Vehicles in the Market
Restraints:
Volatile Cost of Raw Material
Opportunities:
Upsurge in Demand for Bushings with High Load Carrying Capability for Heavy-Duty Applications and Huge Opportunity for Use of Lightweight Materials to Increase the Efficiency of Vehicles
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Automotive Bushing Market
- Analysis about New Entrants in Automotive Bushing Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Automotive Bushing Study Sheds Light on
The Automotive Bushing Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Bushing industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Bushing industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.