Automotive Bushing Technologies Market Research Report – Forecast to 2023

Market Research Future published a research report on Global "Automotive Bushing Technologies Market".

Market Highlights

The automotive bushing are commonly made from rubber, either from rubber or polyurethane. They are mostly used in suspension application, which provide comfort ride by preventing bumps in the vehicle. Automotive bushings are used to separate two metal pieces to carry on the movement. The major advantage of automotive bushing is that they need less or no lubrication as well as they transmit less noise and vibrations. Growing concern about vehicle driving comfort, demand for a smooth ride and increase in the sales for luxury vehicles will drive the growth of the market in terms of both value and volume. The increase in the demand for high-performance vehicles and increase in the sales of anti-vibration components will create opportunities for new entrants and further boost the revenue of the automotive bushing technologies. Growing automotive components industry in terms of demand will create further demand for automotive bushing technologies. However, continuous fluctuation in the price of the raw materials will hamper the growth of the automotive bushing technologies market.

Market Research Analysis

In terms of region, the global market for the automotive bushing technologies is segmented into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is expected to hold a significant market revenue share during the forecast period. Increase in the production of vehicles and growth of luxury vehicles will drive the growth of the market throughout the forecast period. Asia Pacific will register the highest CAGR during the forecast period, owing to the increase in sales of electric vehicles, better infrastructure, and increased production of vehicle components. Furthermore, China is leading the market in terms of revenue due to the vehicle sales followed by Japan, India, and Korea. In Asia Pacific, low labor wages and low production cost influence the manufacturers for the production of the automobile components. In Europe, new government regulations and increased awareness towards vehicle safety technologies will drive the market and create further opportunities for new entrants. Vehicle driving comfort will be the major concern in all regions and the vehicle standards regarding comfort will create further opportunities in the market.

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Scope of the Report

This study provides an overview of the global automotive bushing technologies market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive bushing technologies market by type, material, sales, vehicle type, and regions.

Key Players

The prominent players in the automotive bushing technologies market include Federal-Mogul LLC (U.S.), Continental AG (Germany), BOGE Rubbers & Plastics (Damme), Cooper-Standard Holdings Inc. (U.S.), Hyundai Polytech (India), and Nolathane (U.S.). Paulstra SNC (France), SumiRiko AVS Germany GmbH (Germany), Tenneco Inc. (U.S.), and Vibracoustic GmbH (Germany) are among others.

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At Market Research Future (Mrfr), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (Crr).