The global Automotive Bushing Market is projected to grow from an estimated USD 132.20 billion in 2018 to USD 175.31 billion by 2025, at a CAGR of 4.11% during the forecast period. The growth of the automotive bushing market is influenced by factors such as increasing vehicles production and sales.
The governments of several countries have made stringent regulations for the use of basic safety products such as seatbelts and airbags. In the US and Europe, the governments have already implemented regulations related to safety features that are mandatory for all vehicles and are thus followed by automakers. The inclusion of advanced safety features and a rise in demand for ride quality will create several opportunities for automotive bushing suppliers. It will increase the demand for bushings in the automotive industry.
The Asia Pacific region is estimated to be the fastest growing market, in terms of value, for automotive bushings. Significant growth in the total sales volume of automobiles is the major growth driver for the automotive bushing market in this region. Interior bushings are expected to be the fastest growing segment, by value. Rising demand for ride quality and safety would drive the growth of interior bushings in the coming years.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=84801634
In an effort towards the weight reduction of a vehicle, automotive engine manufacturers are offering small and compact engines that are lightweight. This provides an opportunity for bushing manufacturers to supply complex, special engineered bushings made from materials that can maintain performance under high heat levels. Also, growing opportunities in the autonomous and semi-autonomous car technology will benefit the bushing market. The global electric vehicle industry has witnessed incredible growth in recent years. Government regulations for emission and fuel economy, price reduction of the vehicle, and subsidies to electric vehicle manufacturers to reduce the production cost have driven the growth of electric vehicles equipped with batteries, which in turn will increase the demand for automotive bushings.
Target Audience
· Manufacturers of automotive bushings
· Automotive OEMs
· Electric vehicle manufacturers
· Industry associations and experts
· Traders, distributors, and suppliers of automotive bushings
The scope of the Report
· Automotive Bushing Market, By Application
· Engine
· Suspension
· Chassis
· Interior
· Exhaust
· Transmission
Some of the major market players operating in the AUTOMOTIVE BUSHING MARKET are Federal-Mogul (US), Oiles Corporation (Japan), Freudenberg Group (Germany), Cooper Standard Holdings Inc. (US), ZF Friedrichshafen AG (Germany), Tenneco Inc. (US), Continental AG (Germany), CRRC Corporation Limited (China), and Benara Udyog Limited (India).
Sumitomo, Continental AG, and ZF are the dominant players in the automotive bushing market. The extensive competition in the automotive industry has compelled these companies to upgrade their existing systems and processes. These players have adopted various strategies to diversify their global presence and increase their market shares.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441