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Carbon Brush Market size is projected to total US$ 3.6 Billion by 2029 - Comprehensive Research Report by FMI

·8-min read

Carbon Brush Market - Analysis, Outlook, Growth, Trends, Forecasts

DUBAI, United Arab Emirates, Jan. 17, 2022 (GLOBE NEWSWIRE) -- Sales in the global carbon brush market are slated to top US$ 2.7 Bn in 2022. Expanding at a healthy 3.8% CAGR, the market size is projected to total US$ 3.6 Bn by 2029.

Future Market Research’s new market research report titled, 'Carbon Brush Market: Global Industry Analysis 2014-2021 and Market Forecast 2022-2029', 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.

Attribute

Details

Carbon Brush Market Estimated Size 2022

US$ 2.7 Bn

Carbon Brush Market Value-based CAGR (2022-2029)

~3.8%

Carbon Brush Market Size in Projected 2029

US$ 3.6 Bn

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The market for the global carbon brush market was valued at over US$ 2,500 Mn 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.

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.

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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.

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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.

Scope of Report

Attribute

Details

Forecast Period

2022-2029

Historical Data Available for

2014-2021

Market Analysis

Units for Volume and US$ Bn for Value

Key Regions Covered

North America, Latin America, Europe, Oceania, South Asia, East Asia, and the Middle East & Africa.

Key Countries Covered

United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, others.

Key Market Segments Covered

Product Type, Application, Sales Channel, End Use, and Region

Key Companies Profiled

  • Morgan Advanced Materials

  • Mersen SA

  • Toyo Tanso Co., Ltd.

  • Robert Bosch GmbH

  • Schunk GmbH

  • Pelican Carbon Brush Pvt. Ltd.

  • Aupac Co., Ltd.

  • Helwig Carbon Products Inc.

  • Assam Carbon Products Limited

  • Naeem Carbon & Industrial Products LLP

  • Phynyx Industrial Products Pvt. Ltd.

  • National Carbon Brush Products

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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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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