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Automotive Suspension Bushes Market Segmented By Liquid, Solid, Powder Product Form in Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles Vehicle Type with Polyurethane, Rubber Material Used
This Automotive Suspension Bushes market study by Persistence Market Research provides information about market volume (‘000 Units) and value (US$ Mn) projections, key developments, market trends, value chain and forecast factors in the global Automotive Suspension Bushes market for the study period 2019 to 2027.
Globally, the Automotive Suspension Bushes market was valued at US$ 2,147.8 Mn at the end of 2017 and is expected to expand and become 1.4X over the forecast period and reach US$ 3,155.3 Mn by the end of 2027.
Light commercial vehicles and heavy commercial vehicles find various applications in e-commerce and logistics sectors, they are utilized to make tasks, such as transportation of goods, machinery, equipment and raw materials, easier.
Thus, the growing output of the E-commerce industry is expected to be one of the key drivers for the sales of LCVs and HCVs, which, in turn, will propel the growth of the Automotive Suspension Bushes market.
Many of the players involved in the production of Automotive Suspension Bushes have been focusing on the introduction of new products and are entering into acquisition activities across the value chain of the Automotive Suspension Bushes market.
For instance, in October 2018, Tenneco announced the acquisition of Federal-Mogul LLC, one of the prominent suppliers for OEMs and in the aftermarket throughout various geographies.
Globally, the Automotive Suspension Bushes market has been segmented based on material type into polyurethane, rubber and others. In terms of value, the rubber bushes segment is expected to register slow growth over the forecast period.
Sales of the polyurethane suspension bushes is expected to account for a major share, due to the various advantages of polyurethane over rubber bushes. Polyurethane based Automotive Suspension Bushes last longer, standing up to oils and chemicals, load, compression, road debris, etc. Moreover, polyurethanes perform better as they remove additional sloppiness owing to damaged or worn bushings, thereby bettering suspension performance. That apart, polyurethane bushes also look a lot better than their rubber counterparts.
Polyurethane and rubber segments, collectively, are projected to account for major share in the overall incremental opportunity created during the forecast period in the global Automotive Suspension Bushes market.
Increasing automotive production supported by relatively stable economic conditions and consistent growth in the automotive industry across various countries in Asia-Pacific are the key factors that will make Asia Pacific a key market in Automotive Suspension Bushes landscape.
Both, in terms of volume as well as value, Europe in the global Automotive Suspension Bushes market, is expected to hold a prominent share. North America and Latin America, collectively, are expected to account for more than 1/4th of the overall market by the end of 2018. Middle East & Africa is anticipated to show healthy growth rate over the forecast years, supported by increasing vehicle production.
Examples of some of the players included in this report on the global Automotive Suspension Bushes market are Bonaprene Products Ltd., Tenneco, Inc., Fibet Group, GMT Rubber-Metal-Technic Ltd., SuperPro, Shanghai Pepsen Polyurethane Co., Ltd., Emdet Jamshedpur Pvt. Ltd., Teknorot, Energy Suspension, EPTG Ltd., American Urethane, Inc. and others.
Globally, the Automotive Suspension Bushes market is significantly fragmented as many players are involved in the production of Automotive Suspension Bushes across the globe.
The global Automotive Suspension Bushes market has witnessed various developments in the recent past. New product launches & innovations and acquisitions have been the key strategies employed by the manufacturers of Automotive Suspension Bushes around the globe.
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In the following section, the report describes the automotive suspension bushes market structure, macro-economic factors such as economic growth by region, GDP per capita by country, forecast factors, value chain analysis overview along with profit margins, indicative list of the key stakeholders involved, such as raw material suppliers, manufacturers, distributors and end-users.
The next section of the report provides volume (‘000 Units) and value (US$ Mn) projections for the automotive suspension bushes market along with pricing analysis at a global level. The subsequent section highlights the automotive suspension bushes market sizing by respective segments at a global level. The global automotive suspension bushes market values represented in the sections have been agglomerated by collecting information and data at a regional level.
The subsequent section of the report presents a summarized view of the global automotive suspension bushes market based on six prominent regions considered in the study. The market analysis section of the report covers market projections, weighted average pricing analysis, Y-o-Y growth trends and market attractiveness analysis.
These sections gauge the market scenario and growth prospects in the global automotive suspension bushes market, while the forecast presented assesses the automotive suspension bushes market size in terms of value and volume. Another key feature of PMR’s comprehensive report is the analysis of all key segments in the automotive suspension bushes market, along with a revenue forecast.
In the final section of the report, material type and product type mapping analysis by company and a competition landscape of the automotive suspension bushes market have been included to provide report audiences with a dashboard view categorized on the basis of providers in the value chain, their automotive suspension bushes market presence and key strategies pertaining to the automotive suspension bushes market.
Detailed profiles of the manufacturers of automotive suspension bushes have also been included in the scope of the report to evaluate recent developments and key offerings in the automotive suspension bushes market. Some of the players involved in the automotive suspension bushes market are focusing on the introduction of new products around the globe.