Carbon Brush Market size is projected to total US$ 3.6 Billion by 2029

Carbon Brush Market – Analysis, Forecast, Growth, Trends, Forecast

DUBAI, United Arab Emirates, January 17, 2022 (GLOBE NEWSWIRE) – Set to lead sales in global carbon brushes market 2.7 billion USD In 2022. We are expanding healthily 3.8% compound annual growth rate, the total market size is expected to reach 3.6 billion USD by 2029.

New Future Market Research Market Research Report titled “Carbon Brush Market: Global Industry Analysis 2014-2021 and Market Forecast 2022-2029”, examines carbon brush marketAnd It provides important insights for the forecast period between 2022 and 2029.

As per the report, the global carbon brush market is expected to witness significant growth during the forecast period, owing to aspects such as increased demand from industrial applications, automotive and electric hand tools.

Describe

details

Estimated Carbon Brush Market 2022

2.7 billion USD

Compound annual growth rate (CAGR) on the basis of carbon brushes market value (2022-2029)

~ 3.8%

Carbon Brush Market Forecast in 2029

3.6 billion USD

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The global carbon brush market was valued more than $2,500 Million in 2021 and is expected to expand at a CAGR of close to 4% during the forecast period from 2022 to 2029.

Increasing production sectors such as industrial applications, automobiles, electrical goods, home appliances, energy, and healthcare, among others, have led to significant growth in demand for carbon brushes, which are used to conduct electric current between the constant and alternating parts of a motor. This describes the expected growth of the Carbon Brush market during the forecast period.

East Asia is expected to present noteworthy growth opportunities for carbon brush market players

The global carbon brush market is largely standardized, with the top 4 players accounting for nearly a quarter of the total market share.

Apart from these four players, there are a few players in the market that have established themselves at both the local and global levels. Next, the players involved in the carbon brush market are preparing to expand into profitable areas and are spending their manufacturing facilities to meet the ever-increasing demand.

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In the global carbon brush market, East Asia is expected to be a prominent region throughout the forecast period, due to the increasing production and consumption of carbon brushes in China. Besides East Asia, North America, including countries like the United States and Canada, is also expected to be a lucrative region for the carbon brush market.

Growing consumption of electrical appliances, manufacturing, and increase in automobile sales are some of the mentioned factors driving the growth of carbon brush market in East Asia.

Engine segment, by application type, and Industrial application segment, by end-use industry, to remain prominent during the forecast period

Depending on the product type, the graphite electrode segment is expected to remain a dominant segment in the coming years, accounting for a prominent share in the global carbon brush market throughout the forecast period. In terms of growth rate, the graphite electrode segment is seen to expect relatively higher growth in the coming years.

Depending on the application, the motors segment is estimated to account for approximately one-third of the market size, due to its broad applications in various end-use segments. Based on the sales channel, the aftermarket segment is estimated to account for approximately two-thirds of the market volume throughout the forecast period.

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Carbon brushes have important applications in various end-use industries such as automobiles, electric hand tools, industrial applications, home appliances, security and defense, petrochemicals, energy, and healthcare, among others.

The industrial applications segment is expected to be one of the prominent end-use industry segments in the carbon brush market, and is expected to account for more than a third of the total carbon brush market throughout the forecast period. Besides industrial applications, carbon brushes also find significant applications in the automotive industry, which is also expected to generate significant revenue for the global carbon brush market.

Report scope

Describe

details

prediction period

2022-2029

Historical data available for

2014-2021

market analysis

Units for volume and $1 billion for value

Main areas covered

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

Main countries covered

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

Main Market Segments Covered

Product type, application, sales channel, end use, and region

An overview of the main companies

Carbon Brush Market: Vendor Insights

The report highlights some of the prominent and leading market players in the global Carbon Brush Market.

Some examples of the major players in this market are Morgan Advanced Materials, Mersen SA, Robert Bosch GmBH, Schunk GmBH, Toyo Tanso Co., Ltd and 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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