Automotive Bushing Market Outlook - 2027
Automotive bushing in a vehicle acts as a shock absorber and can provide smooth interference, very less vibration, and control the noise created from vehicle moving parts. Automotive bushing is usually produced using elastic either from elastic or polyurethane. It is utilized for most parts in suspension application, which gives comfort to passengers by reducing knocks in the vehicle. The significant preferred standpoint of automotive bushing is that it requires less or no grease and it transmits less commotion and vibrations the advanced standards of noise, harshness & vibration of a vehicle make it essential to use an automotive bushing to reduce noise and vibrations. Therefore, increase in demand for comfort and luxury is expected to drive the market over the forecast period.
COVID-19 scenario analysis:
- As the manufacturing units across the globe have been shut down, footfalls in the demand due to market shut down with a huge dip in the sales of units have made a huge impact on the market.
- The highest production loss has been listed by the most productive countries across the world since the pandemic. In addition, economic trade has also posted a huge impact on manufacturing companies.
- The global economy is highly dependent on the automotive industry and other industries such as steel, chemicals, textile, etc. However, as they are shut down due to pandemic, it has tremendously affected the automobile industry.
- Production may start soon after the lockdown but the increase in demand is expected to take some time to revive. This is estimated to affect the profitability of companies.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Increase in concerns about vehicle driving comfort, demand for a smooth ride, and increment in the deals for luxury vehicles are expected to drive the growth of the market over the forecast period. Moreover, high rivalry in the market for automotive bushing advancements in the automotive part industry is expected to hamper the growth of the market. Furthermore, innovating polyurethane automotive bushings, which can provide a high level of comfort and noise reduction, can offer lucrative opportunities for the market growth.
The automotive bushing market trends are aas follows:
Increase in concerns about vehicle driving comfort
The technology is rapidly restructuring the automotive industry and the automotive Original Equipment Manufacturer (OEM) is continuously adopting new technological changes to enhance the comfort of passengers. To gain competitive edge, manufacturers offer some of these features in their economic vehicles to sustain their position in the market. Therefore, this is expected to further boost the automotive bushing market over the forecast period.
Increment in the deals for luxury vehicles
The buying power of customers is increasing rapidly in many developing countries due to urbanization, thereby creating a huge demand for luxury and safety in automobiles. Awareness about the advantages of
safety and luxury among customers has forced them to buy expensive vehicles, which is expected to further fuel the automotive bushing market growth over the forecast period.
Key benefits of the report:
- This study presents the analytical depiction of the automotive bushing market along with current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the automotive bushing market share.
- The current market is quantitatively analyzed to highlight the automotive bushing market scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions answered in the automotive bushing market research report:
- Which are the leading market players active in the market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
Automotive Bushing Market Report Highlights
By Vehicle Type
By Sales Channel
Key Market Players
DuPont, Mahle GmbH, Paulstra SNC, ZF Group, Vibracoustic GmbH, Continental AG, Federal-Mogul LLC, BOGE Rubber & Plastics, Oiles Corporation, Sumitomo Riko Company Limited