The global carbon brush market is expected to grow at a CAGR of nearly 3.8% from 2022 to 2029, with a market value of more than US$ 2.7 billion in 2022.
The global carbon brush market is expected to grow rapidly during the forecast period, owing to factors such as rising demand from industrial applications, automotive, and electrical hand tools, according to the report.
In January 2022, for example, the International Trade Administration published a report stating that China is the world’s largest vehicle market in terms of both manufacturing output and annual sales. This country’s domestic production is expected to reach 35 million vehicles by 2025, driving demand for automotive carbon brushes over the forecast period.
Request a Sample Copy of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-1047
Increasing output in industries such as industrial applications, automotive, electrical goods, household appliances, energy, and healthcare, among others, has resulted in a significant increase in demand for carbon brushes, which are used to conduct electrical current between the stationary and rotating components of a motor. This section describes the expected growth of the carbon brush market over 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, few players in the market 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 expanding 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. Besides 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.
Based on application, the motor segment is estimated to account for nearly one-third of the market size, owing to its vast applications in various end-use verticals. Based on the sales channel, the aftermarket segment is estimated to account for nearly two-thirds 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 applications in the automotive industry, which is also expected to create significant revenue for the global carbon brush market.
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., Tupac Co., Ltd, Assam Carbon Products Limited, Naeem Carbon & Industrial Products LLP, Phynyx Industrial Products Pvt. Ltd, and National Carbon Brush Products, among other players.
For any Queries Related with the Report, Ask an Analyst @
https://www.futuremarketinsights.com/ask-question/rep-gb-1047
Carbon Brush Market By Category
Product Type:
- General Graphite
- Metal Graphite
- Carbon Graphite
- Electro Graphite
- Silver Graphite
- Resin- Bonded Graphite
- Others (Impregnated)
Application:
- Motor
- Generator & Alternator
- Current & Signal transmission
- Grounding Devices
- Others
Sales Channel:
- OEM
- Aftermarket
End Use:
- Automotive
- Electrical Hand Tools
- Industrial Application
- Household Appliances
- Security & Defense
- Petrochemical
- Energy
- Healthcare
Region:
- North America
- Latin America
- Europe
- Oceania
- East Asia
- South Asia
- Middle East & Africa (MEA)
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights, Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
