Carbon Brush Market Comprehensive Research Study and Strong Growth in Future 2029
Future Market Research’s new market research report titled, ‘Carbon Brush Market: Global Industry Analysis 2014 to 2021 and Market Forecast 2022 to 2029’, scrutinizes the carbon brush market, and offers critical insights for the forecast period between 2022 and 2029. As per the report, the global carbon brush market is projected to observe remarkable growth during the forecast period, owing to the aspects such as rising demand from industrial applications, automotive, and electrical hand tools.
The market for the global carbon brush market was valued at
over US$ 2,500 Million in the year 2021, and is expected to expand at a CAGR of
nearly 4% during the forecast period of 2022 to 2029.
Increasing production is sectors such as industrial
applications, automotive, electrical goods, household appliances, energy, and
healthcare, among others, has resulted in a drastic growth in the demand for
carbon brushes, which are used to conduct electrical current between the
stationary and rotating parts of a motor. This describes the anticipated growth
of the carbon brush market during the forecast period.
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East Asia Projected to Offer Noteworthy Growth
Opportunities to the Carbon Brush Market Players
The global carbon brush market is considerably consolidated,
with the top 4 players accounting for around one-fourth share of the overall
market.
Apart from these 4 players, there are few players in the
market that have established themselves at domestic and as well as global
levels. Subsequently, market players involved in the carbon brush market are
poised to expand into lucrative regions, and are also expending their
manufacturing facilities to cater to the ever-growing demand.
In the global carbon brush market, East Asia is expected to
be a prominent region throughout the forecast period, because of the increasing
production and consumption of carbon brushes in China. Beside East Asia, North
America, including countries such as the U.S. and Canada, is also anticipated
to be a lucrative region for the carbon brush market.
The increasing consumption of electrical appliances,
industrialization, and surge in automobile sales are some of the cited factors
driving the growth of the carbon brush market in East Asia.
Motor Segment, by Application Type, and Industrial
Application Segment, by End-Use Industry, to Remain Prominent Over the Forecast
Period
Based on product type, the electro graphite segment is
expected to remain a dominant segment in the forthcoming years, accounting for
a protruding share in the global carbon brush market throughout the forecast
period. In terms of the growth rate, the electro graphite segment is considered
to project relatively higher growth in the coming years.
On the basis of application, the motor segment is estimated
to account for nearly one-third of the market size, owing to their vast
applications in various end-use verticals. Based on sales channel, the
aftermarket segment is estimated to account for nearly two-third of the market
size throughout the forecast period.
Carbon brushes have significant applications in various
end-use industries such as automotive, electrical hand tools, industrial
applications, household appliances, security and defence, petrochemicals,
energy, and healthcare, among others.
The industrial applications segment is projected to be one
of the prominent end-use industry segments in the carbon brush market, and is
expected to account for more than one-third of the total carbon brush market
throughout the forecast period. Besides industrial applications, carbon brushes
also find important application in the automotive industry, which is also
expected to create significant revenue for the global carbon brush market.
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Figures @
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Carbon Brush Market: Vendor Insights
The report highlights some of the market players that are
prominent and are leaders in the global carbon brush market.
Some of the examples of the key players in this market are
Morgan Advanced Materials, Mersen SA, Robert Bosch GmBH, Schunk GmBH, Toyo
Tanso Co., Ltd, Pelican Carbon Brush Pvt. Ltd, Helwig Carbon Products Inc.,
Aupac Co., Ltd, Assam Carbon Products Limited, Naeem Carbon & Industrial
Products LLP, Phynyx Industrial Products Pvt. Ltd, and National Carbon Brush
Products, among other players.
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