"Market Intelligence for High-Geared Performance"

Automotive Bushing Market Size, Share & Industry Analysis, By Application (Suspension, Engine, Chassis, Interior, Exhaust, Transmission), By End-use (Passenger Cars, Commercial Vehicles), and Regional Forecast, 2024-2032

Last Updated: October 21, 2024 | Format: PDF | Report ID: FBI107361

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global automotive bushing market size was valued at USD 159.18 billion in 2023. The market is projected to grow from USD 164.38 billion in 2024 to USD 253.93 billion by 2032, exhibiting a CAGR of 5.59% during the forecast period.


Automotive bushing acts as a cushion between various parts that control the movement between the joints while reducing the noise, vibration, and harness. Various types of bushing are used across the vehicle, such as leaf spring bushing, steering rack bushing, control arm bushing, shock absorber bushing, and flanged bushing. The bushing ensures reduced transmission of shock and vibration between the vehicle parts. Rubber bushing in the automotive industry helps to improve drivers' safety and comfort, minimize noise, and reduce damage arising from vibrations.


The automotive bushing market growth is attributed to the growing automotive production, increasing popularity of lightweight vehicles, and rapid shift toward electric vehicles. The surging adoption of luxury vehicles that offer more comfort while driving is another factor enabling the market growth. For instance, in2021, Mercedes-Benz India reported increased sales by 42.5% in 2021 compared to 2020. The increase in luxury vehicles led to the high demand for automotive bushing due to the growing need for comfort for drivers and passengers. Rubber bushings are most commonly used in vehicles, enabling automotive manufacturers to meet noise, vibration, and harness standards.


The COVID-19 pandemic negatively impacted automobile production activities across the globe. Many automobile manufacturers temporarily halted or reduced production during the initial phases of the pandemic. This slowdown in manufacturing would affect the demand for various automotive components, including bushings. The automotive industry, including many others, experienced disruptions in supply chains due to lockdowns, restrictions, and factory closures. This led to delays in producing and distributing automotive components, including bushings.


Automotive Bushing Market Trends


Growing Demand for NVH Analysis Techniques to Analyze Vehicle Performance


The Noise, Vibrations, & Harness (NVH) analysis enables measuring and modifying passenger and commercial vehicle noise and vibration characteristics. The NVH analysis helps automotive manufacturers improve the design process of new automobiles. It further helps to improve the comfort and performance of new vehicles. The OEMs emphasize vehicles that reduce weight, improve stiffness, are easy to model, reduce cost, and develop an environment-friendly design. These factors enable automotive component manufacturers to produce innovative automotive bushing that can sustain various parameters of the NVH analysis.


Request a Free sample to learn more about this report.


Automotive Bushing Market Growth Factors


Growing Demand for Lightweight Vehicles to Fuel Market Growth


The growing focus on lightweight vehicles globally is expected to shift the demand for lightweight bushing. The increasing demand for lightweight passenger and commercial vehicles has prompted automotive manufacturers to use lightweight raw materials. The automotive manufacturers are emphasizing rubber and polyurethane material for the bushing, which helps reduce the overall weight of vehicles. Lightweight bushing helps vehicles reduce excess vibrations and noise, enhance the lifespan of the engine & connected sensor components, and safeguard transmission and vital parts.


Growing automation and the advent of ‘Industry 4.0’ are expected to support the development of luxury vehicles globally. The increase in disposable income of consumers is enabling the switch toward luxury vehicles, resulting in the growing demand for lightweight bushing. Automakers are continually working to improve fuel efficiency and reduce emissions. Lightweight materials and efficient suspension systems, where bushings play a crucial role, contribute to achieving these goals.


Rising Demand for Comfort and Safety of On-road Vehicles to Drive Market Growth


The increasing emphasis on improving vehicle comfort, safety, and the quality of rides is expected to fuel the market growth. Furthermore, stringent government regulations and the availability of multiple vendors offering luxury vehicles are enabling OEMs to offer a more improved quality of vehicles. The growing demand for luxury vehicles is increasing the demand for high-quality automotive bushing to improve the suspension of vehicles on the road. Better bushing helps OEMs to deliver vehicles that have reduced vibrations and noise and offer more comfort and safety to the passengers and drivers.  


Therefore, automotive manufacturers are emphasizing the NVH analysis of new vehicles to ensure they have fewer vibrations and noise. The growing demand for luxury vehicles with enhanced safety and comfort is expected to support the market growth over the forecast time period.


RESTRAINING FACTORS


Lack of Standardization of Automotive Bushing May Restrain Market Growth


Automotive bushing is not standardized as each vehicle has different bushing per vehicle specification and features. Various bushings are available in the market, but they do not have specific standards as they are associated with various parts of the vehicles. The lack of standardization of the bushing increases the cost of manufacturing for OEMs.


The development of various new model vehicles enables market players to invest in design. The increase in the overall operational cost of manufacturing bushing of the various standards is expected to hinder market growth.


Automotive Bushing Market Segmentation Analysis


By Application Analysis


Surging Demand for Luxury and Lightweight Vehicles to Fuel the Adoption of Suspension Bushing


By application, the market is segmented into suspension, engine, chassis, interior, exhaust, and transmission.


The suspension segment held the highest market share in 2024. The increasing popularity of luxury vehicles that give more comfort on roads in bad conditions is propelling the demand for automotive bushing for suspension applications. The automotive suspension bushing is considered an important part of the vehicle as it reduces the friction between the metal parts by controlling their movement. The on-road vehicles go through events of sudden acceleration and brakes, which may lead to skids, collisions, or flips. Automotive suspension bushing enables the vehicle to survive skids, flips, and collisions in various road conditions.


The chassis segment held a significant market share in 2024 due to the growing demand for better vehicle design which can provide more comfort to passengers. Automotive manufacturers are emphasizing on building robust vehicle chassis to improve the on-road experience of drivers and passengers. The growing popularity of electric vehicles has unique requirements for chassis components, including bushings. EVs often have different weight distributions and require specialized suspension systems, increasing demand for custom bushing solutions.


To know how our report can help streamline your business, Speak to Analyst


By End-use Analysis


Passenger Car Segment to Dominate Owing to Growing Global Vehicle Demand


The market is divided into passenger cars and commercial vehicles based on end-use. 


The passenger cars segment is expected to dominate the market due to the globally rising demand for passenger vehicles. Stringent government regulations on lightweight passenger cars enable manufacturers to integrate lightweight bushing into passenger vehicles. Consumers increasingly prioritize comfort and ride quality. Automotive bushings are crucial in reducing vibrations, noise, and harshness, contributing to an improved and smoother driving experience. Modern passenger cars have unique design requirements, including aerodynamics, weight distribution, and overall vehicle dynamics. Bushings are designed to meet these specific needs. All these factors are responsible for the surging demand for automotive bushings.


The commercial vehicles segment is expected to grow at the highest CAGR from 2024 to 2032 due to increased manufacturing and sales of commercial vehicles. For instance, according to Organisation Internationale des Constructeurs d'Automobiles (OICA), the light commercial vehicles manufactured in 2021 were 18.59 million, which was 8% greater as compared to 2020. The rise in vehicle manufacturing activities is expected to propel the demand for automotive bushing.  


REGIONAL INSIGHTS


Well-Established Automotive Component Industry in China and Japan to Fuel Market Growth in Asia Pacific


Regionally, the market is categorized into North America, Europe, Asia Pacific, and the rest of the world.


Asia Pacific Automotive Bushing Market Size, 2023 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample


Asia Pacific dominated the automotive bushing market share in 2023 due to growth of the automotive industry in the region. The growing investment in advanced automotive activities in the region is expected to fuel market growth. The supportive government initiatives in India and China, such as ‘Make in India’ and ‘Startup India’, are set to fuel the development of advanced manufacturing facilities for automotive components. The growing demand for heavy commercial vehicles due to increasing industrial activities in the region is expected to drive market expansion.


Europe held a significant market share in 2023 due to the presence of many leading automotive manufacturers such as Volkswagen AG, Stellantis NV, Mercedes-Benz Group AG, Bayerische Motoren Werke (BMW) AG, and Renault SA. These players are emphasizing the development of advanced luxury vehicles with high-quality interiors. These advanced luxury vehicles are integrating bushing to improve the quality and safety of passengers’ travel experiences.


The growing smart manufacturing initiatives in the Middle East region are expected to fuel the market growth.


List of Key Companies in Automotive Bushing Market


Leading Market Players Emphasize on the Development of Innovative Automotive Bushing


The competitive landscape includes many major and innovative key players offering automotive bushing. The key players operating in the market emphasize developing innovative bushing to support the rapidly changing automotive industry demand. For instance, in February 2022, Continental AG partnered with AGCO Corporation, a leading manufacturer of agriculture components, to jointly develop transmission bushing for the latest Fendt 200 Vario compact tractor model to ensure reduced vibrations and noise.  


LIST OF KEY COMPANIES PROFILED:



KEY INDUSTRY DEVELOPMENTS:



  • February 2023 Vibracoustic, a leading automotive component manufacturer, optimized the new chassis bushings for battery-based electric vehicles. The new BEV-specific chassis mount helped electric vehicles to mitigate issues such as increased vehicle weight and other noise & vibration issues.

  • January 2023 - Wieland Group, a manufacturer of semi-finished copper and copper alloy products, acquired National Bronze, a U.S.-based distributor, and manufacturer of bronze-based bearing and bushing components. This acquisition helped the company enhance manufacturing capabilities and its presence in North America.  

  • November 2022 - Tenneco was selected by Rivian Automotive, an American manufacturer of electric vehicles, to offer anti-vibration performance materials and intelligent suspension solutions. The featured products included Tenneco’s CVSA2/Kinetic H2 semi-active suspension technology.

  • February 2020 - Keystone Automotive Operations, Inc. added Nolathane’s suspension servicing solutions under its Redranger family to its Performance Handling category. The partnership is expected to enhance the market capabilities of Keystone Automotive Operations, Inc.

  • November 2019 - Vibracoustic developed an innovative steering column bushing, to allow drivers a more secure and comfortable driving experience. This steering column bushing helped to reduce the vibrations by offering stronger isolation than conventional hard disc decouplers in all driving conditions.


REPORT COVERAGE


The automotive bushing market research report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, vehicle type, design, and technology. Besides this, the report offers an insight into the market trends and highlights key industry developments. In addition to the factors mentioned above, the report encompasses several factors that have contributed to the growth of the market in recent years.


An Infographic Representation of Automotive Bushing Market

To get information on various segments, share your queries with us



Report Scope & Segmentation













































ATTRIBUTE



DETAILS



Study Period



2019-2032



Base Year



2023



Estimated Year



2024



Forecast Period



2024-2032



Historical Period



2019-2022



Growth Rate



CAGR of 5.59% from 2024 to 2032



Unit



Value (USD Billion)



Segmentation



By Application



  • Suspension

  • Engine

  • Chassis

  • Interior

  • Exhaust

  • Transmission


By End-use



  • Passenger Cars (PC)

  • Commercial Vehicles



By Geography



  • North America (By Application, By End-use)

    • U.S. (By Application, By End-use)

    • Canada (By Application, By End-use)

    • Mexico (By Application, By End-use)



  • Europe (By Application, By End-use)

    • Germany (By Application, By End-use)

    • France (By Application, By End-use)

    • U.K. (By Application, By End-use)

    • Rest of Europe (By Application, By End-use)



  • Asia Pacific (By Application, By End-use)

    • China (By Application, By End-use)

    • Japan (By Application, By End-use)

    • India (By Application, By End-use)

    • South Korea (By Application, By End-use)

    • Rest of Asia pacific (By Application, By End-use)



  • Rest of the World (By Application, By End-use)



 


                 


 





Frequently Asked Questions

Fortune Business Insights says that the market was valued at USD 159.18 billion in 2023 and is projected to reach USD 253.93 billion by 2032.

The market is expected to register a CAGR of 5.59% during the forecast period (2024-2032).

The growing adoption of lightweight luxury vehicles offering more comfort is expected to fuel the market growth.

Asia Pacific led the market in 2023 and is expected to depict substantial growth over the forecast period.

The suspension segment held the leading market share in 2023.

Continental AG, Vibracoustic SE and ZF Friedrichshafen AG are few of the leading market players operating in the industry.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts
Speak to an Expert
  • 2019-2032
  • 2023
  • 2019-2022
  • 180
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Automotive & Transportation Clients
Bosch
GM
Hitachi
Hyundai
Asahi
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X