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 is 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.
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- Global carbon brush market size in 2018 – Nearly US$ 2,500 Mn
- The carbon brush market is expected to grow at a CAGR of nearly 4% over 2019-2029.
- East Asia and North America are expected to remain prominent regional markets in the carbon brush market.
- East Asia and North America are the leading regions in the carbon brush market, owing to the increasing adoption of carbon brush products for motors and increasing industrial applications for the development of carbon brush products for different applications.
- Distribution and marketing synergies between companies expected to exploit carbon brush market growth prospects.
- Major players in the carbon brush market, such as Morgan Advanced Materials, Mersen SA, Robert Bosch GmbH, Schunk GmbH, etc., are employing synergistic methods of product co-marketing and co-promotion, by teaming up with other companies.
- The synergistic partnerships between actively operating companies are proven to pose an instant growth impact on the carbon brush industry, when compared to that held by strategic acquisitions and mergers.
- In October 2018, Schunk GmBH laid the foundation of its new production facility in Heuchelheim. It invested approximately 30 million Euros in the project.
- Electro graphite is expected to remain a highly preferred product type in the carbon brush market.
- The demand growth of electro graphite can be primarily attributed to the growth of the global motor market.
- Some of the factors such as cost effectiveness and rising awareness about the benefits of carbon brush procedures are expected to propel the growth of the carbon brush market.
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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. On the basis of 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 sales channel, the aftermarket segment is estimated to account for nearly two-third 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 application in the automotive industry, which is also expected to create significant revenue for the global carbon brush market.
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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., 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.