Sway Bar Bush Market Outlook
The sway bar helps to keep the vehicle stable as it turns around a corner on the race track. The sway bar is component of the suspension that allows one side of the cars suspension to respond to what the other side is doing. A suspension system is crucial in providing a smooth ride for the car's occupants. As the vehicle is moving, these solid suspension parts are connected to each other and transfer energy. Bushings are small rubber or polyurethane components that serve as isolators for the noise, road shock and vibrations transmitted by solid metal suspension parts. The sway bar distributes the load when the vehicle is corning and is connected to the suspension through sway bar bushings. Damage to the sway bar bushing affects the car's handling, especially if it breaks and the sway bar disconnects from one side of the vehicle, thus the vehicle has a higher tendency to lean. The sway bar bushings allow the sway bar to float and respond to the race car's movement on the ground which are usually used on lower control arms and are fixed to the chassis. The sway bar will have a rigid attachment to the frame without the bushings preventing any weight shifting, and make controlling the car's handling in corners nearly impossible.
COVID-19 Impact 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
- 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.
- High rivalry in the market for automotive sway bar bushing in the automotive part industry is expected to hamper the growth of the market.
- High replacement rate of sway bar bushing, and low cost can offer lucrative opportunities for the market growth.
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. For instance, in June 2019 Performance Engineered Solutions (PES) are working on a project to develop a high-performance hybrid composite-metal sway bar which is lighter in weight and PES is also working on carbon fiber material. 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 sway bar bush market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with challenges of the sway bar bush market.
- The current market is quantitatively analyzed to highlight the sway bar bush market growth scenario.
- The report provides a detailed sway bar bush market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the sway bar bush market research report:
- Which are the leading market players active in the sway bar bush market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the sway bar bush market?
- What are the projections for the future that would help in taking further strategic steps?
Sway Bar Bush Market Report Highlights
| Aspects | Details |
 By Product Type |
|
 By Application |
|
 By Sales Channel |
|
 By Region |
|
 Key Market Players | Energy Suspension Inc., Dorman, Superpro, Prothane, Moog parts, Whiteline Performance, Detroit Axle, Daystar Performance Parts, ACDelco, Red Hound |
Loading Table Of Content...
