Sway Bar Bush Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Metal, Rubber, Urethane & Polyurethane, and Nylon Bushing), By Sales Channel (OEM and Aftermarket), By Application (Compact, SUV, Luxury, High-Performance Vehicles, and Commercial Vehicles), and Regional Forecast, 2024-2032

A sway bar bush is one of the primary automotive components, stabilizing the vehicle during turns and ensuring the efficient handling of the vehicle. The sway bar ensures the vehicle's safety by keeping it stable on the track. A sway bar is one of the components of the suspension system that helps coordinate both sides of the car suspension with each other.

Bushings are small components that help isolate noise and absorb shocks and vibration transmitted by the solid metal suspension parts. The sway bar helps distribute the load when the vehicle is cornering and is connected to suspension via a sway bar bush. Any damage to the sway bar bushing can severely compromise the vehicle's safety as the sway bar disconnects from either side. With a broken bushing, the vehicles lean on corners, increasing the threat of being imbalanced and toppling.

The sway bar bush market has been witnessing positive growth because of increasing preference for vehicle safety, driving comfort, demand for smooth rides, and growing deals in the luxury car segment, which needs a high-end bush to maintain the safety and balance of cars in tracks. The Sway bar bush market is also lucrative owing to its high demand in the aftermarket as it is a component that is subjected to wear and tear and needs to be replaced to ensure safety and comfort.

Impact of COVID-19 on the Sway Bar Bush Market

The pandemic introduced a temporary worldwide shutdown in many industry sectors. This temporary shutdown impacted various industries negatively, leading to revenue decline, loss of product sales, slowed production rate, unemployment, and many other severe impacts. This led to an economic downturn as the majority of the manufacturing facilities were suspended or working at half capacity.

It is quite intuitive that the growth of the sway bar bush market is directly proportional to the growth of the overall automotive market. As COVID-19 hit the world in early 2020, all the major economies had multiple setbacks due to lockdowns and supply chain bottlenecks, resulting in a negative impact on the market. China and Japan play a vital role in passenger car production; both countries had to cut back on their production significantly. FY-20 was highly dissatisfied when it came to passenger car sales throughout the globe because consumer sentiments and preferences took a huge shift. Consumers started refraining from buying luxury goods. Industrial activities were at a halt, significantly suppressing the mobilization of goods and resulting in a lower demand for vehicles.

The closure of production plants and shortage of workforce due to stricter social distancing norms also affected the production of new vehicles. Another issue was regarding the procurement of raw materials. The supply chain tailback affected the companies to procure sufficient raw materials to meet their production needs, and at the same time, the elevated inflation has significantly raised the cost of production, further impacting the market growth.

Segmentation

Key Insights

The report will cover the following key insights:

• Key Industry Developments – Mergers, Acquisitions, and Partnerships


• Porter's Five Forces Analysis


• Technological Developments


• Impact of COVID-19 on the sway bar bush market

Analysis by Product Type:

Urethane and polyurethane bushing held the largest market share in 2022. Polyurethane is a common material for sway bar bushings. It is chosen for its flexibility, durability, and resistance to oils and chemicals. Polyurethane bushings can provide improved handling characteristics by reducing deflection and ensuring a more precise response from the sway bar. They are often used in performance and aftermarket applications. Similarly, Urethane bushings combine some of the characteristics of rubber and polyurethane. They offer better durability and performance than rubber while still providing some vibration isolation. Urethane bushings are often used in aftermarket suspension upgrades.

By Sales Channel Type:

The aftermarket segment is anticipated to witness the fastest growth over the forecast period. Aftermarket sway bar bushings are produced by various third-party manufacturers and are designed to fit a wide range of vehicles. They often come in different materials, such as polyurethane, and may offer performance-oriented alternatives to OEM bushings. Aftermarket bushings are popular among automotive enthusiasts who are looking to improve handling characteristics or replace worn-out OEM bushings. Therefore, increasing demand for aftermarket sway bar bushings among automotive enthusiasts to improve their vehicle handling characteristics Is likely to drive the market growth in years to come.

Regional Analysis

The Asia Pacific held the largest market share in 2022. The sway bar bush market growth is positively correlated with the growth of the overall automotive industry. Asia Pacific is witnessing an attractive demand for both passenger and commercial vehicles owing to the increased preference of consumers to own cars and increased penetration of industry and its related services, respectively. Multiple factors that strengthens the notion of Asia Pacific being the leader include the rising populace migrating to the Middle-income bracket, rising disposable income, multiple presences of OEM in China and Japan, Cheap access to labor, growing needs for safety and comfort in vehicles, and growing urbanization, and others. Additionally, Asia Pacific market growth is optimistic because the region is witnessing a burgeoning growth in construction activities, mobile healthcare facilities, E-commerce business, and transportation of goods, and all this activity is subjected to create demand for vehicles on the road, resulting in a growth of sway bar bush market.

Key Players Covered

The report includes the profiles of key players such as MOOG, Super Pro, White Line, Hardrace Co. Ltd, Prothane, Moss Motors, Rare Parts Inc., Super Steer, AC Delco, Mevotech, Detroit Axle, Cusco, Yuhuan Shute Rubber Products Co Ltd, Dorman, and Guangzhou Minghui Auto Parts Co. Ltd.

Key Industry Developments

• April 2021 – Hellwig Suspension Products, a manufacturer of hauling, towing, and performance suspension products, unveiled a new adjustable rear sway bar specially designed for 2020-2021 Chevrolet and GMC 2500 and 3500 pickup trucks.

• June 2019 –Performance Engineered Solutions announced that it has started working on a project to develop a high-performance hybrid metal sway bar that is lighter and made of carbon fiber material.