Automotive Bushing Global Market Report 2024

The automotive bushing market is comprised of sales of automotive bushings, which are cushions made from rubber, polyurethane, or other materials and are mounted on the joints of cars or other moving components. These bushings serve the purpose of absorbing road bumps, controlling the number of movements in the joints, and reducing noise and vibration.

The main product types of automotive bushings include damper top mounts, suspension arm bushings, subframe bushings, hydro bushings, engine mounts, and suspension mounts. Damper top mounts are mounted on the top strut and are used to provide ideal noise-vibration-harshness (NVH) performance, improving ride comfort, driving safety, and handling. Various vehicle types, such as passenger cars, light commercial vehicles, and heavy commercial vehicles, utilize automotive bushings. These bushings find applications in engines, suspensions, chassis, interior, exhaust, and transmission. Automotive bushings are distributed through various channels, including original equipment manufacturers (OEM) and the aftermarket.

The automotive bushing market research report is one of a series of new reports that provides automotive bushing market statistics, including automotive bushing industry global market size, regional shares, competitors with automotive bushing market share, detailed automotive bushing market segments, market trends, and opportunities, and any further data you may need to thrive in the automotive bushing industry. This automotive bushing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automotive bushing market size has grown strongly in recent years. It will grow from $154.83 billion in 2023 to $163.74 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period in the automotive bushing market can be attributed to factors such as vehicle production growth, regulatory compliance, consumer comfort and ride quality considerations, globalization of automotive supply chains, and government incentives that drove demand for automotive components.

The automotive bushing market size is expected to see strong growth in the next few years. It will grow to $207.07 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The forecasted growth in the automotive bushing market can be attributed to factors such as the electrification of vehicles, initiatives for lightweighting, the development of autonomous vehicles, increasingly stringent emissions standards, and the adoption of advanced manufacturing techniques. Major trends in the forecast period include the implementation of active suspension systems, the use of sustainable materials, the design of sealed and maintenance-free bushings, customization tailored for performance vehicles, and the integration of smart technologies into automotive components.

The automotive bushing market is poised for growth owing to the anticipated surge in vehicle production. This upsurge is attributed to rapid urbanization and the global expansion of auto manufacturers, resulting in a consistent increase in vehicle manufacturing. Given that bushings are integral components used across all vehicle types, heightened vehicle production invariably fuels the demand for automotive bushings. According to the European Automobile Manufacturers' Association (ACEA), the global production of motor vehicles reached 79.1 million units in 2021, marking a 1.3% increase from the previous year. Hence, the escalating vehicle production significantly influences the expansion of the automotive bushing market.

Anticipated growth in the automotive bushing market is closely associated with the rising demand for passenger cars. These vehicles, characterized by multiple tracks, their own driver, and predominantly designed for passenger transport, heavily rely on automotive bushings for ensuring occupants' comfort. Notably, a joint report by J. D. Power and GlobalData Plc forecasts a substantial increase in new car sales in the United States, reaching 1,354,600 units in August 2023, marking a 15.4% surge from the same period the previous year. This surge is driven by an augmented need for personal transportation and improved supply. Consequently, the increased demand for passenger cars significantly propels the growth trajectory of the automotive bushing market.

The automotive bushing market is witnessing a notable trend characterized by a focus on product innovation. This trend is instrumental in expanding the market by offering customers a wider array of superior options that cater to their needs more effectively. A case in point is the introduction of innovative drive components and platforms by REE Automotive, an Israel-based EV startup, in March 2021. These advancements aim to enhance drive quality by minimizing vibrations in the chassis and wheels, showcasing a pivotal stride towards meeting customer expectations and driving market growth.

Major players within the automotive bushing market are actively engaging in strategic merger agreements with other companies. A merger signifies a corporate transaction wherein two distinct, independent entities unite to form a single, new legal entity. An illustrative example occurred in October 2021 when Regal Beloit Corporation, a US-based manufacturer specializing in electrical and mechanical solutions, announced its merger with Rexnord Process and Motion Control (PMC), also based in the US and known for providing mission-critical solutions. This merger led to the establishment of Regal Rexnord Corporation. The amalgamation of these two entities' strengths under a new name signifies their shared future as a leading entity focused on designing and producing power transmission solutions, high-efficiency electric motors, and systems.

In June 2022, Apollo Global Management, a US-based company specializing in high-growth asset management, undertook the acquisition of Tenneco for an undisclosed sum. This strategic acquisition is anticipated to assist Tenneco, a US-based company specializing in automotive product design, manufacturing, and marketing, in bolstering its investments across various segments and enhancing its global presence.

Major companies operating in the in the automotive bushing market report are 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, Toyota Motor Corporation

North America was the largest region in the automotive bushing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive bushing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the automotive bushing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The automotive bushing market consists of sales of control arm bushings and sway bar bushings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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