Automotive bushing market is anticipated to grow at a CAGR of 4.7% during the forecast period (2023-2030). Factors such as growing concerns regarding vehicle comforts and vehicle noise are boosting the growth of the automotive bushing market. Moreover, the demand for a smooth and efficient ride further propels the growth of the market. The increase in the sales of luxury vehicles and comfort sports vehicles will create an opportunity in the near future. A rise in the sale of advanced vehicles and an increase in the need for anti-vibrant parts in the vehicle has an opportunity for new manufacturers and fuel the growth of the automotive bushing industry. There is a rise in the growth of the auto components industry across the globe that plays a considerable role in the growth of the automotive bushing market.
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The trend of urbanization is increasing at a rapid growth rate across the globe. The average disposable income of the population in urban cities is growing, allowing people to improve their lifestyle. The number of passenger cars operated across the globe is therefore flourishing and creating a demand for production of passenger cars to cater to the rising demand of the automotive bushing market. However, rapid fluctuation in the cost of raw materials and their availability and high competition in the market are the major challenges to the growth of the automotive bushing market over the forecast period.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automotive Bushing Market Report Segment
Global Automotive Bushing Market By Application
- Engine
- Chassis
- Interior
- Exhaust
- Suspension
- Transmission
Global Automotive Bushing Market By Vehicle Type
- Passenger Cars
- Commercial vehicles
Global Automotive Bushing Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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