Global Automotive Bushing Market by vehicle type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle). By application (Engine, Suspension, Chassis, Interior, Exhaust, Transmission). By suspension type (McPherson, Double Wishbone, Multilink and CTBA). Region-wise (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) is expected to reach US$ 180Bn by 2026, at a CAGR of 4.35% during a forecast period.
Increasing in the sales of luxury vehicles and comfort sports vehicles will create opportunities for new entrants.
Increasing demand for luxury cars has opened avenues of growth in the automotive bushing technologies market. Additionally, innovations and developments for manufacturing safe and lighter automotive suspension systems for automotive in order to reduce the fuel consumption and emissions is expected to drive the global market for automotive bushes.
Passenger car segment is expected to continue the larger segment of the market during the forecast period (2018-2026).
Bushings are small components that are normally made of rubber or polyurethane material and act as isolators to the noise and vibrations that are transmitted by the solid metal suspension parts. These bushings allow reduction in the vibrations and noise and thereby ensure a smooth & comfortable ride for the passengers.
Asia Pacific accounts for the largest share of the global automotive bushing market.
Asia Pacific is leading the market during the forecast period followed by Europe. Rise in the number of vehicle sales and high population in countries such as China, and India, will raise the market for automotive bushing technologies during the forecast period. Increased concern regarding safety and vibration in the vehicle will additional boost the growth in the market.
Key players operating in the global automotive bushing market, Continental AG (Germany),ZF Friedrichshafen AG (Germany),Sumitomo Riko Company Limited (Japan), Dupont (US), Mahle GmbH (Germany),Tenneco Inc (US), Federal-Mogul (US), Oiles Corporation (Japan), Cooper Standard Holdings Inc. (US), Vibracoustic GmbH (Germany), BOGE Rubber & Plastics (Germany), Hyundai Polytech India (India), Nolathane (Australia and New Zealand), Paulstra SNC (France), Benara Udyog Limited (India).
Maximize market research, a Global market research firm with a dedicated team of specialists and data has carried out extensive research about the global automotive bushing market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global automotive bushing market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global automotive bushing market positioning of competitors.
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