In 2023, the market for carbon brush is anticipated to reach US$ 2,900 million. Due to a slow 4.5% CAGR from 2023 to 2033, the market is likely to experience growth.
The market should be worth more than $4,503.6 million in 2033. Additionally, the market seems capable of creating a US$1,603.5 million absolute dollar opportunity between 2023 and 2033.
To transfer electrical current and avoid electrical sparking and arching, carbon brushes are frequently used in motors, generators, and other electrical equipment. Due to the growing popularity of electric vehicles, there is a growing need for carbon brushes in the electronic industries today.
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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.
- 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.
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Competitive Landscape
Manufacturing carbon brushes is complicated and difficult, which has led to a small market share. As a result, there are very few carbon brush producers worldwide. They will probably increase their production capacity through acquisitions in the upcoming years. According to recent developments, they are also probably to concentrate on launching new products.
For instance
- In January 2023, Bosch Power Tools launched the GWS 800 Professional angle grinder. The company made the product in Chennai, India, and its exemplary carbon brush was aimed at making maintenance easy.
- In March 2019, Aupac, a Japan-based carbon brush manufacturer, set up a production facility in Pune, India.
Key Players:
- 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 and Industrial Products LLP
- Phynyx Industrial Products Pvt. Ltd.
- National Carbon Brush Products
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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
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