세계의 자동차용 부싱 시장 규모는 2023년 1,454억 달러에서 2031년에 2,112억 5,000만 달러에 달할 것으로 예측되며, 예측 기간인 2024-2031년에 CAGR로 4.78%의 성장이 전망됩니다. 자동차 생산량 증가, 전기자동차 수요 증가, 운전자와 승객의 편안함에 대한 요구 증가, 자동차의 급속한 자동화는 예측 기간 중 자동차용 부싱에 대한 수요를 촉진하고 있으며, 1인당 소득이 증가함에 따라 자동차 수준도 상승하고 있으며, 이에 따라 전 세계에서 자동차용 부싱의 판매량이 증가하고 있습니다. 판매가 증가하고 있습니다. 자동차는 소비자의 요구에 따라 자동차의 수준이 높아짐에 따라 자동차는 안전, 소음 및 진동을 최저 수준으로 낮춰야 합니다. 대기 오염과 소음 공해에 대한 인식이 높아지고 소비자와 자동차 제조업체에 대한 엄격한 환경 규범은 자동차가 최소한의 오염 수준을 생성하도록 보장하고 있으며, 이는 세계 자동차용 부싱 시장의 주요 성장 촉진요인이 되고 있습니다.
소비자의 생활수준의 변화는 자율주행차 및 고급차 구매에 대한 지출에 영향을 미칠 것입니다. 예측 기간 중 중산층 가정의 소득 수준이 증가함에 따라 전 세계에서 자동차 판매가 증가할 것으로 예상됩니다. 따라서 자동차 판매 증가는 자동차용 부싱에 대한 수요 증가로 이어질 것입니다. 자동차용 부싱은 부드러운 승차감을 제공하고 소음을 줄이는 데 도움이 되기 때문에 제조업체들은 고급차와 전기자동차를 위한 새로운 자동차용 부싱 제품 라인을 출시하고 있습니다. 이에 따라 업체들은 자동차 제조업체로부터 부싱 생산 주문을 받고 있습니다.
예를 들어 2024년 1월 Rheinmetall AG는 세계 자동차 제조업체로부터 엔진 부품을 수주했습니다. 이 계약은 5만 3,596달러(5만 유로)에 상당하며, 주문한 부품은 대형 운송 부문의 여러 엔진 변형에 사용되는 로커 암 부싱입니다.
전기자동차의 경량화 및 수요 증가로 시장 성장 촉진
경량 차량에 대한 수요 증가와 전기자동차에 대한 선호도가 높아짐에 따라 자동차용 부싱에 대한 수요가 증가할 것으로 예상됩니다. 부싱은 경량 소재로 만들어져 성능 저하 없이 무게를 줄일 수 있으므로 경량 차량과 전기자동차에서 매우 인기가 있습니다. 제조업체는 전체 자동차의 무게를 줄이기 위해 부싱에 폴리우레탄과 고무 소재를 효율적으로 사용하고 있습니다. 따라서 자동차 경량화에 대한 수요는 자동차 제조업체가 경량 소재를 사용하도록 장려하여 자동차용 부싱에 대한 수요를 증가 시켰습니다. 또한 자동차 제조업체는 자동차용 부싱의 성능을 향상시키기 위해 다양한 연구개발 활동에 지속적으로 투자하고 있으며, 이는 연비를 개선하고 배기 가스를 줄이는 데 더욱 도움이 됩니다. 또한 많은 기업이 전기자동차의 고부하를 지원하기 위해 전기자동차용 부싱을 개선하고 있습니다.
예를 들어 2023년 2월 Vibracoustic SE & Co KG는 배터리 전기자동차를 위한 섀시 부싱의 최적화를 발표했습니다. 이 최적화된 섀시 부싱은 차량의 더 큰 무게와 더 높은 예압을 효과적으로 처리하고 동시에 우수한 소음, 진동 및 소음(NVH) 성능을 보장합니다.
NVH 분석 기술에 대한 수요 증가와 온로드 차량의 안전성이 시장 성장을 촉진할 것입니다.
승용차 및 상용차에서 소음·진동·하네스(NVH) 분석을 통해 소음과 진동의 특성을 측정하고 수정할 수 있습니다. 자동차 제조업체는 NVH 분석을 통해 설계 프로세스와 연비를 개선할 수 있으며, 나아가 도로 주행 차량의 안전성을 향상시키는 데 도움이 될 것으로 예상됩니다. 또한 신차의 성능과 편안함도 최적화할 수 있습니다. 안전성, 차량 편의성 향상, 조용한 승차감에 대한 관심이 높아짐에 따라 예측 기간 중 시장 성장을 가속할 것입니다. 또한 개발도상국 정부는 공급업체가 고급 자동차의 품질을 향상시킬 수 있도록 엄격한 규제를 도입하고 있습니다. 전 세계 자동차 제조업체들은 강성 향상, 경량화, 비용 절감, 친환경 설계 개발을 위해 자동차용 부싱을 효율적으로 통합하고 있습니다. 이러한 요인들은 자동차 부품 제조업체들이 자동차의 안전을 보장하고 NVH 분석의 다양한 고려 사항을 충족시킬 수 있는 첨단 고성능 자동차용 부싱을 도입하는 데 영향을 미치고 있습니다.
세계의 자동차용 부싱 시장에 대해 조사분석했으며, 시장 규모와 예측, 시장 역학, 주요 기업의 상황과 전망 등을 제공하고 있습니다.
Global automotive bushing market is projected to witness a CAGR of 4.78% during the forecast period 2024-2031, rising from USD 145.40 billion in 2023 to USD 211.25 billion in 2031. Increasing vehicle production, growing demand for electric vehicles, rising need for comfort for both drivers and passengers and rapid vehicle automation drive the demand for automotive bushing in the forecast period. With the increase in per capita income, the standard of vehicles is also rising, coupled with a rise in sales of vehicles across the globe. Vehicles must have minimum levels of harshness, noise, and vibrations to meet the growing standards of vehicles according to consumer demands. The increased awareness concerning air and noise pollution and stringent environmental norms for consumers and automakers confirm that their vehicle produces a minimum pollution level, which has been the key driver in the global automotive bushing market growth.
Change in the living standards of consumers influences their spending on buying automated and luxurious vehicles. In the forecast period, it is projected that automobile sales across the globe will rise due to an increase in the income levels of middle-class households. Therefore, the increase in automobile sales leads to the demand for automotive bushing because it is an essential material in several parts of vehicles. Manufacturers are launching a new product line of automotive bushing for luxurious and electric vehicles because it helps to offer smoother rides and reduce noise. Hence, the vendors are receiving orders to produce bushing from the automakers.
For instance, in January 2024, Rheinmetall AG received an order for engine components from a globally operating vehicle maker. The contract is worth approximately USD 53,596 (EUR 50,000), and the parts ordered are rocker arm bushings for use in several engine variants in the heavy transport segment.
Increasing Demand for Lightweight and Electric Vehicles Boost Market Growth
The rising demand for lightweight vehicles and growing preference for electric vehicles are projected to drive the demand for automotive bushing. Bushings are very popular in lightweight and electric cars because they are made from lightweight materials and save weight without compromising performance. The manufacturers are efficiently using polyurethane and rubber material for the bushing to decrease the overall weight of an automotive. Hence, the demand for lightweight automobiles has promoted automotive manufacturers to utilize lightweight raw materials, increasing the demand for automotive bushing. In addition, manufacturers are constantly investing in different research and development activities to enhance the performance of automotive bushings, which is further helpful in improving fuel effectiveness and decreasing emissions. Also, many companies are improving bushing for electric vehicles to support higher loads in electric vehicles.
For instance, in February 2023, Vibracoustic SE & Co KG announced an optimization of chassis bushing for battery electric vehicles. These optimized chassis bushings are effective in handling the heavy weight of vehicle and higher preloads while also ensuring great noise, vibration, and harshness (NVH) performance.
Rising Demand for NVH Analysis Technique and Safety of On-Road Vehicles Pushes Market Growth
In passenger cars and commercial vehicles, the characteristics of noise and vibration can be measured and modified by doing noise, vibrations, and Harness (NVH) analysis. The manufacturer of vehicles can improve the design process and fuel efficiency by doing NVH analysis, which is further projected to help enhance the safety of on-road vehicles. It also optimizes the performance and comfort of new vehicles. The growing emphasis on safety, improving vehicle comfort, and quiet rides will propel market growth in the forecast period. In addition, governments across developing countries are introducing stringent regulations to enable vendors to offer luxurious vehicles with improved quality. Automakers across the globe are integrating automotive bushings efficiently to improve stiffness, reduce weight, lessen cost, and develop an environment-friendly design. These factors influence the manufacturers of automotive parts to introduce advanced and high-performance automotive bushings that ensure the safety of vehicles and can sustain different considerations of NVH analysis.
For instance, in June 2023, Rivian Automotive, Inc. chose Tenneco Inc. to provide suspension and anti-vibration performance materials solutions to be integrated into the all-electric Rivian R1T 5-passenger pickup and R1S seven-passenger sport utility vehicle. Both models will feature Tenneco's Clevite NVH performance elastomers rear and front suspension bushings, top mounts, and other parts.
Government's Support to Automotive Component Manufacturers
Governments in emerging countries are announcing stringent regulations concerning vehicle NVH standards and providing incentives and subsidies to automakers to promote the production of vehicles with different safety measures. Manufacturers of automotive components are compelled to produce high-performance automotive components using the different parameters of NVH analysis. Moreover, the zero-emission government norms have influenced the production of lightweight vehicles and the adoption of lightweight automotive materials. Automakers are utilizing polyurethane and rubber bushings, which are lightweight and significantly reduce the overall weight of automobiles. The rising stringent regulations concerning lightweight vehicles and zero-emission vehicles coupled with in-vehicle safety and comfort will accelerate the growth of the automotive bushing market in the forecast period.
For instance, in April 2023, the Ministry of Heavy Industries announced standard operating procedures under the production linked incentive for automotive component manufacturers to boost domestic manufacturing and fascinate investments.
Surge in Comfort Levels Propelling the Passenger Cars Segmental Growth
The passenger car segment dominates the market growth due to stringent government regulations on high-performance passenger cars, an increase in demand for passenger cars, and an increase in the disposable income of consumers. Governments across different countries are announcing regulations on lightweight passenger cars to increasingly enable the integration of lightweight bushing into passenger cars. In addition, consumers are also significantly prioritizing the quitter ride and cabin comfort, which has also pushed the adoption of automotive bushing. Automotive bushing is essential in decreasing NVH, i.e., noise, vibration, and harshness, aiding a smoother ride. Advanced passenger cars have different advancements, personalization, and unique design requirements, including weight distribution, aerodynamics, and overall vehicle dynamics. Meanwhile, manufacturers of automotive bushing are introducing bushing to meet these precise requirements, which further propels the demand for automotive bushing considerably.
For instance, in January 2024, in India, Renault SA announced the launch of five new passenger cars, including C SUV, B+ SUV, and electric vehicles with the integration of high-performance automotive bushings.
Asia-Pacific Holds Dominance in the Market
Asia-Pacific registers the largest market revenue share due to significant transformation in the automotive industry, economic development, rising demand for luxurious vehicles, and increasing trend of noise cancellation technology in vehicles. Automakers in Asia-Pacific are investing significantly in advancing automotive technologies and integrating high-performance automotive bushings. In India, the government initiative of 'Make in India' propels the manufacture of vehicles within India, which further raises the demand for automotive bushing within Asia-Pacific. The increasing number of commercial as well as passenger vehicles being produced and sold in the Asia Pacific market propels the overall growth of the Asia Pacific automotive bushings market significantly.
For instance, Vibracoustic India Private Limited offers steering column bushing to help reduce vibrations and allow drivers a more secure and comfortable driving experience.
Future Market Scenario (2024-2031F)
Rapid adoption of electric vehicles driving the automotive bushing market demand globally.
Rising safety standards and growing regulatory norms for emission control push the demand for automotive bushing.
Change in living lifestyle of consumers and rising trend of modification drive growth of automotive bushing in emerging countries.
Growing production of lightweight vehicles and advancement in materials technology fostering the need for automotive bushing.
Key Players Landscape and Outlook
Companies in the automotive bushing market are working significantly to advance the functioning of bushings. Players focus on strategic expansion such as collaboration, product launches, joint ventures, mergers and acquisitions, and others for significant market expansion. These companies also invest in different research and development activities to produce advanced products and expand their footprint. Also, they are actively functioning in the global market to develop innovative bushing to change the landscape of the automotive industry significantly.
Tenneco Inc. offers cost-effective and advanced lightweight suspension solutions and is expected to expand its product line to provide enhanced ride performance and optimized vehicle life.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.