According to Data Bridge Market Research new Market report, global automotive bushing market will account to an estimated USD 132.77 billion in 2018 growing at a CAGR of 4.05% during the forecast period of 2019 to 2026.
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Bushing is a kind of a vibration isolator that is used to create a distance between the parts of the cars. They are usually used so that they can reduce the interactions between the two metals and can reduce the friction as well. They are usually present in all the cars as they reduce noise and harshness. They are of three types- polyurethane, heavy- duty and OEM.
Global metal powder market is segmented on the basis of application, vehicle type, electric vehicle type and geography.
By Application (Engine, Suspension, Chasis, Interior, Exhaust, Transmission), Vehicle Type (Passenger Car, LCV, HCV), Electric Vehicle Type (BEV, HEV, PHEV), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa
FACTORS DRIVING GROWTH IN AUTOMOTIVE BUSHING MARKET
Growing automotive industries
According to a data, from 1990 to 1999, 39.2 million units of cars were sold worldwide which was increased to 54.9 million units from 2000 to 2015. In 2016 it was 77.3, 79 in 2017, approximately 78.7 in 2018 and will be approximately 78.7 million units in 2019. It is expected that by end of 2019, the sale will be around 80 million.
Key Market Competitors:
Few of the major competitors currently working in the automotive bushing market are Continental AG, ZF Friedrichshafen AG, Sumitomo Riko Company Limited, DuPont, MAHLE GmbH, Tenneco Inc., OILES CORPORATION, Cooper Standard, Vibracoustic, BOGE Rubber & Plastics, HYUNDAI POLYTECH INDIA, ACN, PAULSTRA SNC, The Benara Udyog Limited, Keats Manufacturing, DAYTON LAMINA CORPORATION, Jotex Rubber Industrial Co. Ltd., JRB Engineering Works, and Xiamen Monake Import and Export Co.Ltd.
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Global Automotive Bushing Market– Industry Trends - Forecast to 2026