Automotive trailing arm bushing market
Automotive trailing arm bushing market : Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031
Market Insights on Automotive trailing arm bushing covering sales outlook, demand forecast & up-to-date key trends
Automotive trailing arm bushing market Overview
The trailing arm bushings attach the axle to the pivot point on the vehicle's frame. They are the part of a vehicle's trailing arm suspension in the vehicle.The trailing arm is held to the vehicle's frame by a bolt that passes through these bushings. The trailing arm bushings aim is to cushion the suspension movement while keeping the wheel on the correct axis.
The trailing arm is a component of the vehicle's suspension system that links the axle to the frame. The trailing arm has a unique feature that distinguishes it from other suspension arms. Because of its reliability and ease of machining, it is very rigid at the wheel point, which prevents false movement for all suspension bushings.
The trailing arm bushings are in addition to the trailing arm itself. These are cushioning rubber or polyurethane components that reduce friction between suspension pieces.Furthermore, on the basis of the distribution channel. Because of the aforementioned reasons, the Automotive trailing arm market is expected to expand significantly in the coming years.
Automotive Trailing Arm Bushingmarket- MARKET DYNAMICS
With the on-road fleet of all vehicle classes, including passenger cars and commercial vehicles,expanding at a healthy rate, the automotive trailing arm bushing market growth in turn is expected to be primarily driven by automotive OEM production rates.
As a result, the number of passenger cars in use around the world is growing, generating a demand for passenger car production. To meet these ever-increasing demands, automotive production has been steadily increasing. The aftermarket repair and replacement component of automotive trailing arm bushing is also expected to usher up demand of new unit sales in wake of replacement of existing units.
The key restraint for market growth in the Automotive trailing arm bushing market is expected to be due to the current attritionin few regional markets in terms of new vehicle sales and associated production. Additionally, low product replacement rate is also said to be resulting in sluggish sales movement of new units in the OEM and Aftermarket segments.
Furthermore, in the coming years, market players will see an opportunity in the form of hybrid fuel and electric vehicles to provide personalized services and expand their business footprint. Thus due to current moderate pace in automotive production the industry is restraining the growth of the market substantially.
The fundamental trend in the industry has been contract component supply agreements between automotive trailing arm bushing manufacturers and automotive vehicle OEMs. Automotive trailing arm bushing manufacturers have used an optimal pricing mechanism when it comes to high quality or aftermarket spares.
Instantaneous development in the automotive sector contracts to introduce, as a result of which automotive firms are outsourcing their production operations to third-party organizations, allowing for increased auto industry budgets, more-intense competition, product releases and introductions, and other notable market developments are constraining the growth of automotive trailing arm bushing market.
Automotive Trailing Arm Bushing Market: COVID 19 IMPACT
The COVID-19 pandemic has had a negative impact on the manufacturing sector, causing delays in output and supply chain cycles, and the automotive industry is no exception. The automotive trailing arm bushing market is expected to suffer from a similar slowdown in growth during the previous fiscal year.
With the gradual resumption of production rate in the automotive industry back to threshold levels, the demand recovery is expected to occur within the next 3-4 quarters, which will support the growth of the Automotive Trailing arm bushing Market.
Automotive Trailing Arm Bushing Market: Segmental Overview
The demand for automotive trailing arms can be divided into four categories: weapon type, vehicle type, sales channel, and application. The automotive trailing arm market can be divided into two types based on arm type: trailing arm and semi-trailing arm.
The automotive trailing arm market can be divided into HCV, passenger cars, LCV, and other vehicles based on vehicle type. The global demand for automotive trailing arms can be divided into OEM and aftermarket segments depending on the distribution channel. The global demand for automotive trailing arms can be divided into two categories based on application: front axle and rear axle.
Automotive Trailing Arm Bushing Market: ANALYST PERSPECTIVE
Since the installation of automotive trailing arm bushing is directly proportional to vehicle production rate, the growth rate of the market is expected to be similar to that of the market for fuel-operated vehicles.
As the automotive trailing arm bushing market migrates toward energy efficient and economical pricing of vehicles and associated ancillaries, manufacturers of automotive trailing arm and bushing market must adopt improved designs as well as material quality in order to maximize their competitive advantage toward new vehicle configurations.
Automotive Trailing Arm Bushing Market: REGIONAL OUTLOOK
During the current and foreseeable years, North Americais projected to hold a significant share of the global Automotive trailing arm bushing market, followed by Latin America. Theemerging countries in Latin America and MEA are expected to expand rapidly in the automotive trailing arm industry.
The United States and Europe are projected to gain market share due to their high adoption of order fulfilment technologies by industries primarily in the automotive sector. After China, the United States is in second place, driving demand for automotive trailing arm bushings in these regions.
South Asia is being hailed as the next emerging market, with hubs such as India and the ASEAN countries experiencing rapid growth in recent years. The increase can be attributed to rising automotive sector sales as well as the industry's rapid digitalization.
The demand for Automotive Commutators in Europe is expected to rise at a moderate pace, owing to increased competition and the renovation of old technology in the area.
Automotive Trailing Arm Bushing Market: MARKET PARTICIPANTS
Some of the key market participants in the global of Automotive trailing arm bushing Market, identified across the value chain include:
- ZF Friedrichshafen AG
- Federal Mogul LLC
- Hyundai Polytech India
- Vibracoustic GmbH
- Sumitomo Riko
- Tenneco Inc. (US)
- GJ BUSH
The research report on the Automotive trailing arm bushing market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
The Automotive trailing arm bushing Market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, vehicle type, and sales channel.
The report covers exhaustive analysis on
- Automotive trailing arm bushing Market Segments
- Automotive trailing arm bushing Market Dynamics
- Automotive trailing arm bushing Market Size
- New Sales of Automotive trailing arm bushing
- Current Trends/Issues/Challenges in the Automotive trailing arm bushing Market
- Competition & Companies Involved in Automotive trailing arm bushes products
- New Technology for Automotive trailing arm bushings
- Value Chain of the Automotive trailing arm bushing Market
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The global Automotive trailing arm bushing Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
Automotive Trailing Arm Bushing Market- SEGMENTATION
The global Automotive trailing arm bushingmarket can be segmented on the basis of Arm type, vehicle type, sales channeland shape type.
- Trailing arm
- Semi Trailing arm
- Passenger car
- Light commercial vehicle(LCV)
- Heavy commercial vehicle(HCV)