Automotive Bushing Market
Automotive Bushing Market
The market for Automotive Bushing was estimated at $164.73 billion in 2024; it is anticipated to increase to $216 billion by 2030, with projections indicating growth to around $273 billion by 2035.
Global Automotive Bushing Market Outlook
Revenue, 2024 (US$B)
$165B
Forecast, 2034 (US$B)
$260B
CAGR, 2024 - 2034
4.7%
Market Key Insights
- The Automotive Bushing market is projected to grow from $164.7 billion in 2024 to $260 billion in 2034. This represents a CAGR of 4.7%, reflecting rising demand across Suspension Systems, Steering Systems and Engine Mounts.
- ZF Friedrichshafen AG together with Federal-Mogul (Tenneco) and Vibracoustic GmbH lead the market as major competitors that determine its competitive dynamics.
- U.S. and China are the top markets within the Automotive Bushing market and are expected to observe the growth CAGR of 3.3% to 4.3% between 2024 and 2030.
- Emerging markets including India, Brazil and Vietnam are expected to observe highest growth with CAGR ranging between 5.2% to 6.6%.
- The Automotive Bushing market will experience $13.8 billion in additional growth through 2030 because of the transition from traditional to advanced materials.
- The Automotive Bushing market is set to add $96.0 billion between 2024 and 2034, with manufacturer targeting Service Centers & Branded Repair Centers Sales Channel projected to gain a larger market share.
- With Ever-increasing demand in the automotive industry, and Progressive technological advancements, Automotive Bushing market to expand 58% between 2024 and 2034.
Opportunities in the Automotive Bushing
Emerging economies like India, China and Brazil are experiencing a growth in their car industries. As peoples buying power increases and lifestyle trends evolve the demand for vehicles is rising in these areas leading to a requirement for automotive bushings, in the manufacturing of vehicles.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Ever-Increasing Demand in the Automotive Industry, and Rising Vehicle Parc and the Replacement Market
Restraint: Cost Constraints
Opportunity: Technological Innovation in Material Composition and Enhanced Focus on Automotive Aftermarket
Challenge: Technological Limitations
Supply Chain Landscape
Raw Material Acquisition
BASF SE
Dow Inc
Component Manufacturing
Federal-Mogul
Schaeffler Group
Assembly & Testing
Bosch Limited
Hyundai MOBIS
Distribution & Sales
Autozone Inc
Advance Auto Parts Inc
Raw Material Acquisition
BASF SE
Dow Inc
Component Manufacturing
Federal-Mogul
Schaeffler Group
Assembly & Testing
Bosch Limited
Hyundai MOBIS
Distribution & Sales
Autozone Inc
Advance Auto Parts Inc