Industrial Brushes Market to Receive Overwhelming Hike in Revenues By 2027 - TMR

Industrial Brushes Market: Introduction

Transparency Market Research delivers key insights on the global industrial brushes market. In terms of revenue, the global industrial brushes market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global industrial brushes market report.

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In this market report, TMR predicts that the increase in demand for vehicles and other industrial products is anticipated to proliferate the demand for industrial brushes in the coming years. Increasing urbanization has resulted in generation of more demand for several industrial products. Globalization of economies, rapid developments in several emerging countries, and growing international trade is anticipated to benefit the industrial brushes market. Additionally, technological developments in several industries have contributed to growth in the industrial brushes market. Wide varieties of brushes are also attracting more consumers, which is expected to benefit the global market.

Major Key Players of the Industrial Brushes Market are:
Associated Industrial Brush Co Ltd, Gordon Brush Mfg. Co., Inc., KOTI GROUP, Spiral Brushes Inc., The Industrial Brush Company, Inc., Robert Bosch GmbH, Tanis Brush, 3M, Unimade Industry Co, Limited, and The Mill-Rose Company.

The industrial brushes market is mainly driven by increasing demand for vehicles and industrial equipment. The growth of the automotive industry and manufacturing sectors across the globe is surging the demand for industrial brushes. Growth in automotive, aerospace, and defense industries has contributed to the surge in demand for industrial brushes. Increasing number of small scale companies in emerging economies is also encouraging the industrial brushes market.

Machine brushes held the highest market revenue share in the global industrial brushes market in 2018 and are expected to remain dominant during the forecast period. Demand for machine brushes can be attributed to their wide range of applications such as finishing, scrubbing, grinding, and polishing. As a result, the product has highest demand at the global level and is expected to maintain its dominance in the coming years.

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Based on raw material, the metal segment led the industrial brushes market in 2018 and is expected to retain its share in the near future. Dominance of this segment is due to the rise in production of motor vehicles across the globe which has grown by 2.7% in 2019 as compared to the previous year. However, increasing demand for nylon and abrasive industrial brushes by small scale players anticipated to surge its share in the coming years.

Global Industrial Brushes Market: Segmentation

Industrial Brushes Market, by Type
• Cylinder Brush
• Boiler Brush
• Wheel Brush
• ESD (Electro Static Discharge) Brush
• Machine Brush
• Power Brush
• Circular Brush
• Stenter Brush
• Disc Brush
• Accumulator Brush
• Anti-static Brush
• Ceramic Brush
• Industrial Sweeping Brush
• Acid Brush
• Comber Brush
• Others (wire brush, spindle flap brush, etc.)

Industrial Brushes Market, by Raw Material
• Metal
• Nylon
• Polyester
• Fiber
• Others (Wood, Rubber, etc.)

Industrial Brushes Market, by Application
• Automotive
• Aerospace & Defense
• Construction & Utility
• Pharmaceutical
• Textile
• Electrical & Electronics
• Glass & Ceramics
• Lithography & Printing
• Packaging & Labelling
• Industrial Manufacturing
• Others (Food Processing, Plastic Extrusion, etc.)

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In the end, Industrial Brushes industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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This release was published on openPR.