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The global carbon brush market looks set to reach US$ 2,900 million in 2023. From 2023 to 2033, the market is likely to register acceleration owing to a slow 4.5% CAGR. In 2033, the market’s valuation should surpass the US$ 4,503.6 million mark. Between 2023 and 2033, the market also appears capable of generating a US$ 1,603.5 million absolute dollar opportunity.
Carbon brushes are widely used in motors, generators and other electrical equipment to transfer electrical current and prevent arching and electrical sparking. Today, the demand for carbon brushes in the electronic industries is rising due to the increasing use of electric vehicles. According to Future Market Insights (FMI), this factor is set to play a prominent role in the coming decade as the market continues to accelerate.
Carbon powder/graphite is the popular choice in terms of the material used to produce carbon brushes. Certain manufacturers also use copper for making carbon brushes better conductors in DC applications. However, across AC applications, FMI expects graphite to dominate the overall market for carbon brushes.
Particular carbon brushes may also consist of electrolytic copper powder. The use of phenol as a binder is also prevalent. Pitch or other resins can be used as binders as well. Binders ensure that the carbon powder stays in shape when it experiences compaction.
While carbon brushes happen to be the most affordable parts across electric motors, they are often the deciding factor when it comes to motors’ performance and durability. Producing carbon brushes is a challenging process, and as a result, only a handful of manufacturers are participating in the current market scenario.
Apart from the automotive and energy sectors, FMI expects the electrical hand tools segment to boost carbon brush sales in the coming years. This is owing to rising urbanization trends around the world, which are fueling countless construction projects. Across these projects, carbon brush demand is set to soar due to its use in powering electrical hand tools.
The table above primarily provides a pattern of the market’s performance based on changes in the global macroeconomic environment. The half-yearly market change in terms of basis points can be a critical indicator for investors to gauge the performance of different markets.
As industrialization has been a constant driving force, the global automotive industry has witnessed recovery following a lull during the COVID-19 pandemic. There has been an increment in vehicle sales and launches of new models by the OEMs. Increasing semiconductor availability is also contributing to market acceleration.
Rising prices and increasing interest rates may negatively influence sales. The scarcity of critical raw materials and EV batteries is likely to result in a slowdown in the automotive industry, which might hamper market expansion.
2018 to 2022 Carbon Brush Market Outlook Compared to Demand from 2023 to 2033
FMI witnessed a sluggish 3.4% for the carbon brush market from 2018 to 2022. During this period, the global automotive and electronic industries dominated carbon brush demand.
Carbon brushes are quite reliable, which means that their lifetime can be extended if they are well maintained with proper care and use. The better the quality of the brushes, the better the performance and efficiency of motors and generators. Sustainability is expected to be the key measure of success for the manufacturing industry, and an emphasis on using energy-efficient solutions will promote sustainable manufacturing.
Carbon brushes continue to experience high demand due to its high replacement rate. In recent years, manufacturers have renewed their focus on proper maintenance and on-time replacement of carbon brushes.
Advancements in technology and increased manufacturing of electric motors across various sectors are driving carbon brush sales. These factors should see the market accelerate at a 4.5% CAGR from 2023 to 2033.
What are the Drivers Supporting the Demand for Carbon Brush Market?
High Replacement Rate and Technological Advancements in the Automotive Industry to Drive Carbon Brush Demand. Owing to their high replacement rate, the aftermarket of carbon brushes is the prime sales channel in the market. This is anticipated to significantly drive the growth of the global carbon brush market over the forecast period 2023 to 2033.
Overtime, electronics has emerged as the most pivotal part of the automotive sector. As technology is advancing, the combination of electronics and automotive systems is expected to open new grounds for market acceleration.
There is increasing interest in passenger cars equipped with smart technologies among consumers. Government schemes and regulations are also boosting the deployment of such technologies in commercial vehicles. As a result, the integration of electronics is expected to significantly drive market expansion between 2023 and 2033.
What Opportunities Does the Market Hold for Carbon Brush Companies?
Increasing Energy-Efficiency Requirements and Escalating Electrification of Rail Infrastructure Present Opportunities for Carbon Brush Manufacturers
FMI expects multiple opportunities to emerge for carbon brush manufacturers in the coming years. For starters, the demand for energy-efficient motors is on the rise owing to the environmental damage caused by low-efficiency variants. Government regulations are also paving the way for sustainability in the market.
As a result, companies have the opportunity to invest in the development of carbon brushes that can make motors more efficient. Significant demand for carbon brushes should also come from the worldwide railway sector. As the electrification of rail infrastructure continues to experience consistent and continuous expansion, carbon brush demand should propel.
Competitive Landscape
The complexities and challenges involved in carbon brush manufacturing have contributed to limited market participation. As a result, there are only a handful of carbon brush manufacturers in the world. In the years to come, they are likely to expand their production facilities through acquisitions. Based on developments from the recent past, they are also likely to focus 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.
These insights are based on a report on
Carbon brush market
by Future Market Insights
Source: Email/GFMM
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