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Automotive Bushing Market Size

Report ID: GMI3313
Published Date: Apr 2024
Report Format: PDF

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Automotive Bushing Market Size

Automotive Bushing Market size was valued at USD 153.4 billion in 2023 and it is estimated to grow at a CAGR of 5.2% between 2024 and 2032. The demand for automotive bushings is directly dependent on the production of vehicles and their overall maintenance. As the automotive industry experiences growth due to several factors such as economic conditions, consumer preferences, technological advancements, preference for electric vehicles is also simultaneously influencing for the growth of market.

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Continuous advancement in automotive bushing materials, and design such as active and semi-active systems contributing to improved performance, stability and NVH (noise, vibration and harshness) characteristics that enhance vehicle dynamics, track comfort and handling is likely to contribute for the growth of automotive bushing market. The transition to electric vehicle (EV) and autonomous vehicle technologies presents new challenges and opportunities for vehicle bushing. EVs require special bushings to accommodate the specific characteristics of electric vehicles, while autonomous vehicles require customized bushings to support Advanced Driver Assistance Systems (ADAS), and for vehicle stability and control.

Automotive Bushing Market Report Attributes
Report Attribute	Details
Base Year:	2023
Automotive Bushing Market Size in 2023:	USD 153.4 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	5.2%
2032 Value Projection:	USD 241.9 Billion
Historical Data for:	2021 - 2023
No. of Pages:	487
Tables, Charts & Figures:	428
Segments covered:	Type, Vehicle Type, Application, Sales Channel Region
Growth Drivers:	Increasing vehicle production and sales Technological advancements Growth of the EV market Growing overall automotive market
Pitfalls & Challenges:	Complex supply chain Regulatory compliance and safety standards

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The automotive industry's complicated supply chain entails a couple of degrees of suppliers, international sourcing, and just-in-time production practices. Managing supply chain disruptions, geopolitical uncertainties, trade tensions, and other unwanted market conditions may somehow impact on the overall production of automotive industry. This may also directly impact on the sales of automotive bushing market. Implementation of stringent regulatory laws for prevention of emissions, enhancing automotive safety, and ongoing trend of utilizing sustainable environmental solutions may also act as challenges for the growth of market.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive bushing reached USD 153.4 billion in 2023 and is set to witness 5.2% CAGR from 2024 to 2032, owing to the increasing vehicle production, surging demand for comfort and stability, and advancements in bushing materials and designs.

The suspension arm bushing segment recorded USD 46.3 billion in 2023, due to the client preferences for automobiles with improved handling, balance, and cornering overall performance, in sports activities cars and overall performance-orientated motors

North America market size was worth USD 34.1 billion in 2023, on account of the rising vehicle production and sales.

BOGE Rubber & Plastics, BorgWarner Inc., Continental AG, Cooper Standard Automotive Inc., Delphi Technologies, DuPont de Nemours, Inc., Federal-Mogul LLC, GMT Rubber-Metal-Technic Ltd., Hutchinson SA, Mahle GmbH, are some of the leading automotive bushing companies worldwide.