Global Automotive Bushing Market Major Players 2024, Forecast To 2033

The automotive bushing market has witnessed robust growth recently, with its size expanding from $154.83 billion in 2023 to $163.74 billion in 2024, representing a compound annual growth rate (CAGR) of 5.8%. This growth in the historic period is attributed to factors such as increased vehicle production, regulatory compliance, enhanced consumer comfort and ride quality, globalization of automotive supply chains, and government incentives. Looking ahead, the market is poised for continued strong growth, reaching $207.07 billion by 2028 at a CAGR of 6.0%. Anticipated drivers of this growth include the electrification of vehicles, initiatives for lightweighting, advancements in autonomous vehicles, stricter emissions standards, and the adoption of advanced manufacturing techniques. Notable trends expected in the forecast period include the rise of active suspension systems, the use of sustainable materials, the development of sealed and maintenance-free designs, customization tailored for performance vehicles, and the integration of smart technologies.