According to the new research report published by The Insight Partners, titled “Automotive Bushing Technologies Market – Global Analysis and Forecast to 2025”, the global automotive busing technologies market is expected to reach US$ 9.9 billion in 2025, registering a CAGR of 3.6% during the forecast period 2017 to 2025.
In 2017, Asia-Pacific accounted for the largest revenue share of little less than three-fifth of the total market share, followed by Europe.
The gaining importance for fuel efficiencies while driving and surging demands for smoother rides have translated into healthy growth for bushing products in the passenger cars. Bushings being used as products that are used to isolate the vibrations and noises and reduce the energy being transmitted to the vehicle occupants by damping them have gained significant importance in the modern times.
Top Leading Market Players:
1. BOGE Rubbers & Plastics
2. Continental AG
3. Cooper-Standard Holdings Inc.
4. Federal-Mogul LLC
5. Hyundai Polytech India
7. Paulstra SNC
8. SumiRiko AVS Germany GmbH
9. Tenneco Inc.
10. Vibracoustic GmbH
McPherson and Coupled Torsion Beam Axle (CTBA) suspension systems occupy lesser horizontal and vertical spaces and are therefore used by the car manufacturers to reduce the overall cost of the cars. These types of suspension systems are typically used in the lower segment and entry level cars such as Class A and Class B. Also, double wishbone and multi-link suspension systems occupy more engine spaces and are expensive systems as compared to the other two. These two suspension systems however offer the best stability and dynamic response to a car while it is moving and are therefore used in premium and luxury cars.
The growth of this technology is very high as more and more countries are increasing investing to implement in this technology for sustainability and easier car maintenance factors. In the forecasted period, the automotive bushing technologies market is estimated to grow at a good pace. Some of the key players contributing significantly to the market are Vibracoustic GmbH, BOGE GmbH, Continental AG, Tenneco, Inc., and Federal Mogul LLC.
Key findings of the study:
- From a growth perspective, India in the Asia-Pacific region is anticipated to witness a lucrative CAGR growth rate of 5.9% during the forecast period
- Based on vehicle segment, the Class D vehicle segment is projected to witness significant lucrative profitable opportunities with projected CAGR growth rate of 5.2%
- Based on suspension type, the multi-link suspension segment is projected to grow with a CAGR of 4.1%
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
The Insight partners,