Market Overview:
The global bushings market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for construction and material handling equipment across the globe. Bushings are used in these equipment for various purposes such as noise reduction, vibration damping, and electrical insulation. In addition, rising awareness about the benefits of using bushings is also contributing to the growth of this market. Bushings are classified into three types based on their insulation: porcelain insulation, paper insulation, and resin insulation. Porcelain-insulated bushings are mainly used in construction equipment while paper-insulated bushing find application in material handling equipment and other industrial applications.
Product Definition:
A bushing is a cylindrical or tapered piece of metal, plastic, or other material that is inserted into a hole to reduce friction and wear. Bushings may also be used to improve the accuracy of an object's movement by providing support for its rotating shafts.
Porcelain Insulation:
Porcelain insulation is a thermal barrier material made up of clay and fired at extreme temperatures. It has the ability to withstand high heat, but can be easily broken into pieces by strong cold winds. Porcelain insulation is used in various applications including electrical wire & cable insulations, pipe insulations, tank & storage liners and as an additive in foam plastics or fiberglass materials.
Paper Insulation:
Paper insulation is a thermal barrier material made from pulp, which is processed to make fibers. These fibers are then used in various end-use industries including building and construction, electrical and electronics, automotive industry among others. The global market for paper insulation is expected to witness significant growth over the forecast period owing to increasing demand for energy-efficient buildings coupled with growing awareness regarding environmental protection across the globe.
Application Insights:
The construction equipment application segment accounted for the largest revenue share of over 40% in 2017. The growth can be attributed to the increasing use of bushings in heavy-duty machinery and equipment used in construction activities. In addition, growing urbanization projects across developing countries such as India, China and Brazil are expected to drive product demand over the forecast period.
The material handling equipment segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to rising industrialization and infrastructure development activities across various regions including Asia Pacific, Latin America and Middle East & Africa. In addition, favorable government policies promoting foreign direct investments (FDIs) are anticipated to further boost industry expansion over the coming years.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period owing to increasing demand for construction equipment and other applications. The growing use of Bushings in industrial machinery, especially for vibration reduction, is anticipated to drive the regional product demand.
The growth of the global bushing industry can be attributed primarily to rising product adoption across several major industries including construction, automotive and material handling. Rising awareness regarding energy conservation has resulted in increased spending on machinery replacement by various companies operating within numerous industries across developed economies such as U.S., Canada and Mexico; which is expected favorably impact industry growth over next eight years or so.
Asia Pacific accounted for a revenue share of more than 25% within the global market space in 2016 owing to rapid industrialization along with expanding end-use markets particularly within emerging economies such as China and India are projected positively influence overall industry dynamics during 2017-2030 period.
Growth Factors:
- Increasing demand from the automotive industry
- Growing demand for bushings in construction and infrastructure projects
- Rising popularity of bushings in electrical and electronic applications
- Increasing use of bushings in medical devices and equipment
- Growing awareness about the benefits of using bushings in various industrial applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Bushings Market Research Report
By Type
Porcelain Insulation, Paper Insulation, Resin Insulation
By Application
Construction Equipment, Material Handling Equipment, Other
By Companies
ABB, AST Bearings, STEMCO, AutoZone, Trench, PSB, Jergens Inc, Warehouse Skateboards, Hubbell Power Systems, NEWWAY Air bearings, ABB, ABB(Cooper Industries), BONES WHEELS, Martin Sprocket & Gear, Mec
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Bushings Market Report Segments:
The global Bushings market is segmented on the basis of:
Types
Porcelain Insulation, Paper Insulation, Resin Insulation
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction Equipment, Material Handling Equipment, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- AST Bearings
- STEMCO
- AutoZone
- Trench
- PSB
- Jergens Inc
- Warehouse Skateboards
- Hubbell Power Systems
- NEWWAY Air bearings
- ABB
- ABB(Cooper Industries)
- BONES WHEELS
- Martin Sprocket & Gear
- Mec
Highlights of The Bushings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Porcelain Insulation
- Paper Insulation
- Resin Insulation
- By Application:
- Construction Equipment
- Material Handling Equipment
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bushings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bushings are a type of fastener that is used to connect two pieces of metal or plastic. They are made out of a soft, pliable material and have small holes in them that allow the pieces to move freely. Bushings come in different sizes and shapes, so they can be custom-made for specific applications.
Some of the major players in the bushings market are ABB, AST Bearings, STEMCO, AutoZone, Trench, PSB, Jergens Inc, Warehouse Skateboards, Hubbell Power Systems, NEWWAY Air bearings, ABB, ABB(Cooper Industries), BONES WHEELS, Martin Sprocket & Gear, Mec.
The bushings market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bushings Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Bushings Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Bushings Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Bushings Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Bushings Market Size & Forecast, 2020-2028 4.5.1 Bushings Market Size and Y-o-Y Growth 4.5.2 Bushings Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Porcelain Insulation
5.2.2 Paper Insulation
5.2.3 Resin Insulation
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Construction Equipment
6.2.2 Material Handling Equipment
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bushings Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bushings Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Porcelain Insulation
9.6.2 Paper Insulation
9.6.3 Resin Insulation
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Construction Equipment
9.10.2 Material Handling Equipment
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Porcelain Insulation
10.6.2 Paper Insulation
10.6.3 Resin Insulation
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Construction Equipment
10.10.2 Material Handling Equipment
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Porcelain Insulation
11.6.2 Paper Insulation
11.6.3 Resin Insulation
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Construction Equipment
11.10.2 Material Handling Equipment
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Porcelain Insulation
12.6.2 Paper Insulation
12.6.3 Resin Insulation
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Construction Equipment
12.10.2 Material Handling Equipment
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Porcelain Insulation
13.6.2 Paper Insulation
13.6.3 Resin Insulation
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Construction Equipment
13.10.2 Material Handling Equipment
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bushings Market: Competitive Dashboard
14.2 Global Bushings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 AST Bearings
14.3.3 STEMCO
14.3.4 AutoZone
14.3.5 Trench
14.3.6 PSB
14.3.7 Jergens Inc
14.3.8 Warehouse Skateboards
14.3.9 Hubbell Power Systems
14.3.10 NEWWAY Air bearings
14.3.11 ABB
14.3.12 ABB(Cooper Industries)
14.3.13 BONES WHEELS
14.3.14 Martin Sprocket & Gear
14.3.15 Mec