How Has The Automotive Bushing Market Performed And What Is The Future Projections?
The automotive bushing market size has seen strong growth in recent years, expanding from $161.4 billion in 2024 to an expected $169.7 billion in 2025 at a CAGR of 5.1%. This significant growth can be attributed to factors including vehicle production growth, regulatory compliance, consumer comfort and ride quality, the globalization of automotive supply chains, and government incentives.
The automotive bushing market size is anticipated to see continued growth in the coming years, expected to reach $219.46 billion by 2029 at a CAGR of 6.6%. The growth during the forecast period can be attributed to electrification of vehicles, lightweighting initiatives, autonomous vehicles, stricter emissions standards, and advancements in manufacturing techniques. Leading trends include active suspension systems, sustainable materials, maintenance-free designs, customization for performance vehicles, and the integration of smart technologies.
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What Is Driving Growth In The Automotive Bushing Market?
Growing vehicle production has been identified as a vital driver for the growth of the automotive bushing market. With rapid urbanisation and the expansion of global auto manufacturers, vehicle production has increased in recent years. Given that bushings are used in all vehicles, higher vehicle production manifests as increased demand for automotive bushings. For instance, according to the Driving Mobility Association, global motor vehicle production reached 85.4 million units in 2022, marking a 5.7% increase from 2021. As such, the growth in vehicle production continues to propel the automotive bushing market.
What Are The Key Segments In The Automotive Bushing Market?
The automotive bushing market covered in this report is segmented by:
1) Product Type: Damper Top Mounts, Suspension Arm Bushings, Subframe Bushings, Hydro Bushings, Engine Mounts, Suspension Mounts
2) Vehicle Type: Passenger Car (PC), Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
3) Application: Engine, Suspension, Chassis, Interior, Exhaust, Transmission
4) Distribution Channel: Original Equipment Manufacturer, After market
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Who Are The Major Players In The Automotive Bushing Market?
Major companies operating in the automotive bushing market include Continental AG, ZF Friedrichshafen AG, MAHLE GmbH, Sumitomo Riko Company Limited, DuPont de Nemours Inc., BOGE Elastmetall GmbH, Vibracoustic GmbH, Federal-Mogul LLC, Paulstra SNC, Oiles Corporation, Nolathane Pty Ltd., Keats Manufacturing Co., Dayton Lamina Corporation, Jotex Rubber Industrial Co. Ltd., JRB Engineering Pvt. Ltd., Tenneco Inc., Delphi Technologies plc, BorgWarner Inc., Trelleborg AB, Dana Incorporated, Hutchinson SA, Freudenberg Co., Cooper-Standard Holdings Inc., Chassis Technology Products Inc., Haldex AB, MANN+HUMMEL Group, Tachi-S Co. Ltd., Hyspan Precision Products Inc., General Motors Company, BMW AG, and Toyota Motor Corporation.
What Are The Emerging Trends In The Automotive Bushing Market?
Major companies in the automotive bushings market have been focusing on developing advanced solutions, such as intelligent cable connection bushing, to enhance the efficiency and safety of medium voltage distribution systems. A case in point is Siemens AG, which launched SIBushing, SICAM FCM Plus, and SIPROTEC 7SY82 in April 2023, offering unique features such as high-precision measurement capabilities, advanced fault detection algorithms, and multifunctional protection with LPIT inputs.
Which Region Is The Fastest Growing In The Automotive Bushing Market?
North America was the largest region in the automotive bushing market in 2024. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period. Other regions covered in the report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Automotive Bushing Market Report 2025 Offer?
Automotive bushings are cushions made from rubber, polyurethane, and other materials that are mounted on the joints of cars or other moving components. The automotive bushing market encompasses the sales of these items which are helpful in absorbing road bumps, controlling the movement in the joints, and reducing noise and vibration. The Automotive Bushing Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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