Automotive Bushing Market to Reach $219.46 Billion by 2029, at a CAGR of 6.6%
21 Jan, 2025
What Has Been The Progress Of The Automotive Bushing Market In Recent Years?
The Automotive Bushing Market has demonstrated robust growth in previous years.
• It expanded from $161.4 billion in 2024 to $169.7 billion in 2025, showcasing a compound annual growth rate (CAGR) of 5.1%.
Factors contributing to this steady growth include increased vehicle production, regulatory compliance, enhancements in consumer comfort and ride quality, globalization of the automotive supply chains, and government incentives.
What is the Forecasted Growth of The Automotive Bushing Market?
The automotive bushing market is projected to witness significant growth in the coming years.
• By 2029, the market size is expected to reach $219.46 billion, growing at a CAGR of 6.6%.
Contributors to this growth include electrification of vehicles, lightweighting initiatives, the emergence of autonomous vehicles, stricter emissions standards, and advanced manufacturing techniques. Trends that will influence the future market include active suspension systems, sustainable materials, sealed and maintenance-free designs, customization for performance vehicles, and the integration of smart technologies.
What are the Key Factors Driving The Automotive Bushing Market?
Rising vehicle production due to rapid urbanization and the expansion of global auto manufacturers is triggering the growth of the automotive bushing market. Because bushings are used in all vehicles, increased vehicle production results in a higher demand for automotive bushings. For example, according to the Driving Mobility Association, the global motor vehicle production reached 85.4 million units in 2022, a 5.7% increase from 2021 as such growth in vehicle production is fueling the expansion of the automotive bushing market.
How is The Automotive Bushing Market Segmented?
The automotive bushing market covered in this report is segmented by:
1) Product Type: Damper Top Mounts, Suspension Arm Bushings, Subframe Bushings, Hydro Bushings, Engine Mounts, Suspension Mounts
2) Vehicle Type: Passenger Car (PC), Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
3) Application: Engine, Suspension, Chassis, Interior, Exhaust, Transmission
4) Distribution Channel: Original Equipment Manufacturer, Aftermarket
What Are The Emerging Trends in the Automotive Bushing Market?
Companies operating in the automotive bushings market are developing advanced solutions like intelligent cable connection bushing to enhance the efficiency and safety of medium voltage distribution systems. For instance, in April 2023, Siemens AG launched SIBushing, SICAM FCM Plus, and SIPROTEC 7SY82, offering high-precision measurement capabilities and advanced fault detection algorithms for improved transparency in medium voltage distribution systems, and multifunctional protection with Low Power Instrument Transformer (LPIT) inputs.
Who Are The Major Players in The Automotive Bushing Market?
Key market players include:
• Continental AG
• ZF Friedrichshafen AG
• MAHLE GmbH
• Sumitomo Riko Company Limited
• DuPont de Nemours Inc.
• BOGE Elastmetall GmbH
• Vibracoustic GmbH
• Federal-Mogul LLC
• Paulstra SNC
• Oiles Corporation
• Nolathane Pty Ltd.
• Keats Manufacturing Co.
• Dayton Lamina Corporation
• Jotex Rubber Industrial Co. Ltd.
• JRB Engineering Pvt. Ltd.
• Tenneco Inc.
• Delphi Technologies plc
What is the Regional Insights on The Automotive Bushing Market?
North America dominated the automotive bushing market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forthcoming years. Other regions covered in this report include Western Europe, Eastern Europe, South America, Middle East, and Africa.