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European Carbon Brush Market Is Projected To Account For 21.9% Of The Total Market Share In 2022, Predicts FMI – IHUB Partner Press Releases

10/07/2022, Newark // Future Market Insights, Inc. //

In 2022, sales in the global market for carbon brushes are anticipated to reach US$ 2.7 Billion. By 2029, the market size is expected to reach US$ 3.6 Bn, growing at a healthy 3.8% CAGR. Sales in the market are expected to increase due to the simple availability of carbon brushes that can be easily customised based on hard tops, plates, terminals, shunts, seating, bevels, dimensions, and similar other features. Additionally, the market is expected to be driven in the upcoming years by the rising use of electric motor brushes as electrical conductors in generators.

Increasing usage of carbon brushes in household appliances, such as office and gardening equipment and power tools is expected to boost sales in the U.K. The European carbon brush market is projected to account for 21.9% of the total market share in 2022, predicts FMI.Washing and drying machines, hair and hand dryers, and vacuum cleaner turbines are some of the most common applications of carbon brushes and these are usually smaller than their automotive or industrial counterparts. Besides, the surging usage of micro-carbon brushes in audio or video equipment, electric razors, and toys is set to drive the market in the U.K.

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The carbon brush market is projected to expand with a CAGR of 3.3% in the H1 2022 outlook as opposed to 3.6% in the H1 2022 project, according to FMI analysis. The major economies’ temporary slowdown in automotive shipments as a result of the semiconductor crisis is thought to be the main cause of this decline in growth rate.

However, their expanding use in washing and drying machines, hand and hair dryers, vacuum cleaner turbines, airbags, steering wheels, etc., is anticipated to boost the market.

The motor segment is anticipated to dominate the carbon brush market by the application because DC motors are in such high demand across a variety of sectors globally. Electric motor brushes with high resistivity help prevent arcing at the commutator/brush interfaces in DC motors. The adaptability and low coefficient of friction of carbon brushes will likely drive the market’s growth and give OEMs a head start on maturing and thriving.

China Carbon Brush Market Witnessing Higher Demand

In the upcoming years, market growth is anticipated to be fueled by China’s rapidly growing automotive sector. According to FMI, the market for carbon brushes in East Asia is predicted to hold about 28.6% of the overall market share in 2022.

For instance, according to a report released in January 2022 by the International Trade Administration, China is regarded as the world’s largest vehicle market in terms of both manufacturing output and annual sales. The country’s domestic vehicle production is anticipated to reach 35 million units by 2025, which is anticipated to fuel demand for automotive carbon brushes during the forecast period.

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Key Factors Driving the U.S. Carbon Brush Market

Sales in the U.S. market are anticipated to increase as a result of ongoing development of grinder brushes, electrical brushes, motor brushes, and drill motor brushes by numerous reputable manufacturers. According to FMI, the carbon brush market in North America will likely hold 25.7% of the overall market share in 2022.

Furthermore, favourable government regulations are incentivizing American businesses to expand internationally by establishing manufacturing facilities, which is anticipated to accelerate market expansion. The availability of Bosch GSB 180-Li carbon brushes, Dewalt DW705 brushes, and Makita grinder brushes in the United States is also anticipated to spur growth.

Competition Landscape

Key players operating in the carbon brush market are focusing on participating in mergers and acquisitions to expand their pre-existing product portfolios. Meanwhile, some of the other players are engaging in partnerships, joint ventures, and manufacturing capacity expansions to broaden their geographic presence, as well as to attract more customers worldwide. For instance:

  • In March 2019, Schunk Xycarb Technology, a long-standing supplier of Silicon Carbide (SiC) coated graphite susceptors headquartered in the Netherlands, opened its new office and factory facilities in Helmond. The company aims to strengthen its presence in the solar, optoelectronics, and semiconductor markets. At the same time, it is focusing on opening new investment avenues to expand its capabilities in the novel site.
  • In May 2018, Mersen, a leading provider of electrical power and advanced materials based in France, signed a purchase agreement to acquire FTCap, which specializes in the production and development of capacitors. With this acquisition, the former would be able to expand its current line of laminated bus bars, cooling devices, and high-speed fuses to capacitors. Besides, it would help the company to strengthen its position in the power electronics market.

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The post European Carbon Brush Market Is Projected To Account For 21.9% Of The Total Market Share In 2022, Predicts FMI appeared first on Future Market Insights.

Source: Future Market Insights, Inc.

Release ID: 400339

Original Source of the original story >> European Carbon Brush Market Is Projected To Account For 21.9% Of The Total Market Share In 2022, Predicts FMI

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This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

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