Carbon Brush Market to grow at a CAGR of nearly 4% over 2019-2029 : FMI

Future Market Research’s new market research report titled, ‘Carbon Brush Market: Global Industry Analysis 2014–2018 and Market Forecast 2019–2029′, scrutinizes the carbon brush market, and offers critical insights for the forecast period between 2019 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.

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The market for the global carbon brush market was valued at over US$ 2,500 Mn in the year 2018 and is expected to expand at a CAGR of nearly 4% during the forecast period of 2019 to 2029.

Increasing production in 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, 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 their 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.

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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 defense, 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 TAXONOMY

The global Carbon Brush market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Product Type

General Graphite
Metal Graphite
Carbon Graphite
Electro Graphite
Silver Graphite
Resin- Bonded Graphite
Others (impregnated)
By Application

Motor
Generator & Alternator
Current & Signal transmission
Grounding Devices
Others
By Sales Channel

OEM
Aftermarket
By End Use

Automotive
Electrical Hand Tools
Industrial Application
Household Appliances
Security & Defense
Petrochemical
Energy
Healthcare
By Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA
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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 additional actionable insights on the current and prospective market scenario of carbon brush, write into the analyst at press@futuremarketinsights.com

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This release was published on openPR.