As per MRFR analysis, the Automotive Body Mounts Market Size was estimated at 53.99 (USD Billion) in 2022. The Automotive Body Mounts Market Industry is expected to grow from 56.05(USD Billion) in 2023 to 78.58 (USD Billion) by 2032. The Automotive Body Mounts Market CAGR (growth rate) is expected to be around 3.83% during the forecast period (2024 - 2032).
Key market drivers shaping the Automotive Body Mounts market include increasing demand for lightweight vehicles, growing popularity of electric vehicles, and rising concerns over safety regulations. The advent of advanced materials and technologies is presenting opportunities for the development of innovative body mounts that enhance vehicle performance and durability.
Recent trends in the market include the adoption of modular body mounting systems, the use of lightweight materials such as aluminum and composites, and the integration of sensors and electronics into body mounts. As the automotive industry evolves towards electrification and autonomous driving, the demand for body mounts that can accommodate these advancements is expected to drive market growth. Furthermore, the growing focus on passenger safety and comfort is driving the development of body mounts that improve noise, vibration, and harshness (NVH) characteristics.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Increasing Demand for Lightweight Vehicles
The key driver is the demand for lightweight vehicles, which has been growing over the years. Automakers try to make their vehicles more fuel-efficient and eco-friendly, and for this purpose, they shift towards the use of lightweight materials, including aluminum and composite materials. As the materials are different, they require new automotive body mounts, as the previous variant cannot perform the required function. For instance, they cannot dissipate vibration and noise peculiar to the lightweight construction.Moreover, lightweight cars seem to be gaining more popularity, which will result in the growing demand for automotive body mounts for such vehicles and contribute to the growth of the lightweight automotive body mounts industry in comparison with the base automotive body mounts market.
Rising Popularity of Electric Vehicles
Another major driver of the Automotive Body Mounts Market is the increasing popularity of electric vehicles (EVs). EVs have unique demands in terms of body mounts due to their heavy battery packs and electric motors. As a result, automakers around the world are procuring body mounts that are designed for electric vehicles. The market for automotive body mounts for EVs is predicted to grow significantly in the upcoming years as the adoption of electric vehicles is only increasing.
Growing Demand for Advanced Driver Assistance Systems (ADAS)
The expanding utilization of cutting-edge driver help frameworks is likewise energizing the development of the worldwide car body mounts market. ADAS capacities, for example, path takeoff cautioning, programmed crisis slowing down, and versatile journey control, depend on sensors and cameras that are mounted to the vehicle’s body. This has prompted an expanded interest for body mounts that are intended to oblige these sensors and cameras while likewise offering the fundamental help and solidness.
The growth is attributed to increasing demand for lightweight and fuel-efficient vehicles, stringent government regulations on vehicle safety, and rising production of electric vehicles. Based on material, the market is segmented into rubber, polyurethane, and metal. Rubber is the most common material used in automotive body mounts due to its low cost, high damping properties, and ability to withstand harsh environmental conditions. Polyurethane is a more expensive material than rubber, but it offers better performance in terms of strength, durability, and resistance to wear and tear.
Metal is the least common material used in automotive body mounts due to its high cost and weight. The rubber segment is expected to account for the largest share of the Automotive Body Mounts Market in 2023, and it is projected to continue to dominate the market over the forecast period. The growth of the rubber segment is attributed to the increasing demand for lightweight and fuel-efficient vehicles. Rubber is a lightweight material that can help to reduce the overall weight of a vehicle, which can improve fuel efficiency. The polyurethane segment is expected to grow at the highest CAGR during the forecast period.
The growth of the polyurethane segment is attributed to the increasing demand for high-performance vehicles. Polyurethane is a strong and durable material that can withstand harsh environmental conditions, making it ideal for use in high-performance vehicles. The metal segment is expected to account for a small share of the Automotive Body Mounts Market in 2023, and it is projected to continue to decline over the forecast period. The decline of the metal segment is attributed to the increasing demand for lightweight and fuel-efficient vehicles. Metal is a heavy material that can increase the overall weight of a vehicle, which can reduce fuel efficiency.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Automotive Body Mounts Market is segmented by Vehicle Type into Passenger Cars, Commercial Vehicles, and SUVs. Passenger Cars hold the largest market share due to their high production volume and widespread adoption. In 2023, the Passenger Cars segment accounted for approximately 60% of the Automotive Body Mounts Market revenue. Commercial Vehicles, including trucks and buses, are expected to witness significant growth over the forecast period, driven by increasing demand for transportation and logistics services.
SUVs are gaining popularity due to their versatility and off-road capabilities, contributing to the growth of the Automotive Body Mounts Market.The increasing adoption of electric and hybrid vehicles is also expected to drive demand for Automotive Body Mounts, as these vehicles require specialized mounts to accommodate their unique powertrains.
The Automotive Body Mounts Market is segmented based on Body Location into Front, Rear, and Sides. Among these segments, the Front segment is expected to hold the largest market share in 2023. The Front segment is projected to reach a market valuation of USD 25.67 billion by 2032, growing at a CAGR of 3.95% during the forecast period. The growth of the Front segment can be attributed to the increasing demand for vehicles with enhanced safety features and improved driving dynamics. The Rear segment is expected to witness a CAGR of 3.78% during the forecast period, while the Sides segment is projected to grow at a CAGR of 3.61%.The increasing demand for lightweight and fuel-efficient vehicles is driving the growth of the Automotive Body Mounts Market.
The application segment plays a crucial role in the Automotive Body Mounts Market segmentation. Vibration damping, noise reduction, and structural support are the key applications of automotive body mounts. Vibration damping mounts are designed to absorb and dissipate vibrations caused by road irregularities, engine operation, and other sources. Noise reduction mounts are used to minimize noise transmission from the vehicle's powertrain and suspension to the passenger compartment, enhancing comfort and reducing driver fatigue.
Structural support mounts provide stability and support to vehicle components like the engine, transmission, and suspension, ensuring proper alignment and functionality.In terms of market size, the vibration-damping application holds a significant share of the Automotive Body Mounts Market revenue, primarily driven by the increasing demand for improved ride comfort and handling in vehicles.
The noise reduction application is expected to witness steady growth over the forecast period due to rising consumer preference for quieter cabin environments. Structural support mounts account for a considerable portion of the market and are essential for maintaining vehicle integrity and performance. Overall, the application segment offers valuable insights into the diverse requirements and preferences of automotive manufacturers and end-users, enabling market participants to tailor their product offerings and strategies accordingly.
The regional segmentation of the Automotive Body Mounts Market offers valuable insights into the geographic distribution of market revenue. North America is projected to dominate the market with a significant revenue share, driven by the presence of major automotive manufacturing hubs and technological advancements. Europe holds a substantial market share, primarily due to the high demand for premium vehicles and stringent safety regulations. The APAC region is anticipated to witness robust growth, attributed to the increasing vehicle production and urbanization in developing countries like India and China.South America and MEA are expected to contribute a moderate share of the global market, with growth opportunities driven by infrastructure development and rising disposable incomes. These regional insights provide a comprehensive understanding of the market dynamics and growth potential in different parts of the world.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Some of the major players operating in the automotive body mounts market and competing with other leaders in the industry are continuously spending on research and development to come up with improved products. Leading market vendors are developing advanced solutions to meet the requirements of the automotive industry. The automotive body mounts market is largely dependent on key industry players and startups, which strive to have a competitive edge over others.
Established vendors are focusing on expanding presence of their products in the automotive body mounts market using merger acquisitions and new product launches.There are numerous factors influencing the development of the automotive body mounts market. Some of the most common factors include technological advancements, changing consumer preferences, and government regulations. Trelleborg is a leading manufacturer of automotive body mounts offering a wide array of products, which are known for their high quality. It is headquartered in Stockholm, Sweden, and has a global presence in order to meet the needs of automotive businesses in different locations. It is known for its strong R&D efforts, focusing on developing new technologies to offer better products.
Trelleborg is a global player, operating in several countries across the globe. It is committed to sustainability, incorporating sustainable practices in its operations. Trelleborg has a team of engineers and technicians who work with customers to offer customized solutions. Hutchison is another leader in the automotive body mounts market known for its quality products and innovations. Like Trelleborg, Hutchison has a dedicated team of engineers and technicians who closely work with customers to offer customized solutions.
Automotive Body Mounts Market is projected to grow significantly over the forecast period, with a CAGR of 3.83% during 2024-2032. The market growth is primarily driven by increasing vehicle production, growing demand for lightweight and fuel-efficient vehicles, and stringent safety regulations.Major players in the market include ZF Friedrichshafen AG, Tenneco Inc., Magna International Inc., and Hutchinson SA. These companies are focusing on product innovation and strategic partnerships to expand their market share.In 2023, the market was valued at 56.05 billion USD and is expected to reach 78.58 billion USD by 2032.
Asia-Pacific is the largest regional market, accounting for over 40% of the global revenue in 2023. The region is expected to maintain its dominance throughout the forecast period due to the presence of major automotive manufacturers and increasing vehicle production.Recent developments in the market include the growing popularity of electric vehicles (EVs) and autonomous vehicles (AVs). These vehicles require specialized body mounts that can withstand the unique challenges associated with their operation, such as increased weight and reduced noise and vibration. This presents significant opportunities for market players to develop and offer innovative solutions.
Overall, the market is poised for steady growth in the coming years, driven by factors such as increasing vehicle production, growing demand for advanced body mounts, and stringent safety regulations. Companies that focus on innovation and strategic partnerships are expected to gain a competitive edge in this market.
| Report Attribute/Metric | Details |
| Market Size 2022 | 53.99(USD Billion) |
| Market Size 2023 | 56.05(USD Billion) |
| Market Size 2032 | 78.58(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 3.83% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Monroe Shocks Struts, JTEKT, Ficosa International, Kayaba, Evonik, Moog, KYB Corporation, Tenneco, ZF, Hutchinson, Sodecia, ThyssenKrupp Bilstein, Magna International, Cooper Standard, Valeo |
| Segments Covered | Material, Vehicle Type, Body Location, Application, Regional |
| Key Market Opportunities | Advancements in Electric Vehicles, Technological Innovations, Increasing Demand for Comfort and Safety Features, Growing Popularity of SUVs and Pickups Expansion in Emerging Markets |
| Key Market Dynamics | Increased Electric Vehicle Adoption Growing Demand for Lightweight Vehicles Technological Advancements Rise of autonomous driving Automotive production shifts to AsiaPacific |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Automotive Body Mounts Market is anticipated to reach a valuation of 56.05 billion USD in 2023.
The Automotive Body Mounts Market is estimated to exhibit a CAGR of 3.83% between 2024 and 2032.
The Automotive Body Mounts Market is projected to reach a value of 78.58 billion USD by 2032.
The Asia-Pacific region is expected to dominate the Automotive Body Mounts Market, owing to the presence of major automotive manufacturing hubs like China and India.
Rising demand for lightweight and fuel-efficient vehicles, increasing adoption of advanced materials, and growing popularity of electric vehicles are some of the key factors driving the growth of the market.
Automotive Body Mounts are primarily used in passenger cars, commercial vehicles, and electric vehicles to reduce noise, vibration, and harshness (NVH) levels.
Some of the leading players in the market include Trelleborg, Freudenberg, Continental AG, Hutchinson, and Cooper Standard.
The largest competitor in the Automotive Body Mounts Market is estimated to hold a market share of approximately 20% in 2023.
Fluctuating raw material prices, intense competition, and stringent regulatory requirements pose challenges to the growth of the market.
Technological advancements, increasing demand for electric vehicles, and growing emphasis on lightweight materials present opportunities for growth in the market.
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