Emergence of Near Field Communication technology is anticipated to catalyze the adoptions of automotive bushing technologies opening up further new service ranges whose market is forecasted to grow at a CAGR of 6.2%Published Date: Apr 2018
According to a new market research study titled ‘Automotive Bushing Technologies Market to 2025 – Global Analysis and Forecasts by Type, Suspension Type and Vehicle Type’, the global automotive bushing technologies market was valued at US$ 7.56 Bn in 2017 and is estimated to reach US$ 9.95 Bn by 2025. The report highlights the trends prevalent in the global automotive bushing technologies market and the factors driving the market along with those that act as deterrents to its growth.
A passenger car consists of a numerous metal components that ensure the proper and smooth functioning of the cars on roads that are smooth as well as a bit rocky in nature. A suspension system plays a critical role in ensuring a smooth ride for the occupants of the car. These solid suspension parts are linked to each other and transmit energy when the vehicle is on the move. Bushings are small components that are typically 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 enable reduction in the vibrations and noise and thereby ensure a smooth & comfortable ride for the passengers. Functions of bushing include vibration isolation, provide cushioning and also reduce the friction between solid metal parts in the vehicle. Typically, bushings are applied inside a car wherever there are metal joints and mounts are needed. Alternator bushings, control arm bushings, shock absorber mountings, sway bar links, transmission shifters, motor mounts and sub-frame mounts are some of the most commonly used bushings in passenger cars. Depending upon the life span of bushings, their replacement also becomes and essential task for the car owners.
In our study, we have segmented the automotive bushing technologies market by type, suspension type and vehicle segment. The type segment of automotive bushing technologies market includes damper bushings, bump stops, top mounts, suspension arm bushings and PT Mounts. The PT Mount bushings have been further sub-divided into engine, roll-rod and transmission bushings. Furthermore, on the basis of suspension type the automotive bushing technologies market is broadly segmented into McPherson, Double Wishbone Suspension system, multi-link suspension system and Coupled Torsion Beam Axle (CTBA) suspension system. Our study is limited to the passenger vehicles market, however there are different types of passenger cars operating in the automobile industry. Various associations have classified automobiles differently. Our study includes a broad classification of passenger cars which has been done by the European Automobile Association into Class A/B, Class C, Class D, Class E, Class F, SUVs (A, B, C, D), and MPV & PT. Lastly, the market has also been segregated on the basis of geography into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
The automobile industry is expected to witness a rapid growth and drive the growth of automotive bushing technologies market. Players having a good hold over the automotive bushing technologies market can look to venture into providing damper bushings to the OEMs. The key players profiled in the report are BOGE Rubbers & Plastics, Continental AG, Cooper-Standard Holdings Inc., Federal-Mogul LLC, and Hyundai Polytech India. Also, Nolathane, Paulstra SNC, SumiRiko AVS Germany GmbH, Tenneco Inc., and Vibracoustic GmbH are other key companies in the automotive bushing technologies market.
The report segments the global automotive bushing technologies market as follows:
Global Automotive Bushing Technologies Market – By Type
Suspension Arm Bushings
Global Automotive Bushing Technologies Market – By Suspension Type
Coupled Torsion Beam Axle (CTBA)
Global Automotive Bushing Technologies Market – By Vehicle Type
MPV & PT
Global Automotive Bushing Technologies Market – By Geography
Rest of Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
Rest of MEA
South America (SAM)