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Automotive Bushing Market Trends

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

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Automotive Bushing Market Trends

With a developing emphasis on gas efficiency, automobile manufacturers are more and more incorporating lightweight substances and components to reduce vehicle weight. The shift toward electric and hybrid cars is driving demand for automobile bushings that tailored to meet overall requirement of electrical powertrains. Automotive OEMs are increasingly adopting superior suspension structures, including energetic and semi-active suspension technology, to decorate automobile dynamics, experience comfort, and coping with characteristics. These structures require sophisticated bushings with variable stiffness, damping, and adaptive features to optimize suspension for enhancing automotive performance.

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.