Carbon Brush Market
Carbon Brush Market
The market for Carbon Brush was estimated at $936.00 million in 2024; it is anticipated to increase to $1.28 billion by 2030, with projections indicating growth to around $1.65 billion by 2035.
Global Carbon Brush Market Outlook
Revenue, 2024 (US$M)
Forecast, 2034 (US$B)
CAGR, 2024 - 2034
Market Key Insights
- The Carbon Brush market is projected to grow from $936.0 million in 2024 to $1.57 billion in 2034. This represents a CAGR of 5.3%, reflecting rising demand across Motors and Generators, Wind Turbines and Power Tools.
- Morgan Advanced Materials, Mersen, Schunk Group are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Carbon Brush market and are expected to observe the growth CAGR of 3.4% to 5.1% between 2024 and 2030.
- Emerging markets including Brazil, Indonesia and South Africa are expected to observe highest growth with CAGR ranging between 6.1% to 7.3%.
- Transition like Electrification of Transportation is expected to add $94.7 million to the Carbon Brush market growth by 2030
- The Carbon Brush market is set to add $633 million between 2024 and 2034, with manufacturer targeting Generators & Alternators Applications projected to gain a larger market share.
- With Acceleration of power generation and industrialization, and Advancements in automobile industry, Carbon Brush market to expand 68% between 2024 and 2034.
Opportunities in the Carbon Brush
With the increasing global shift towards the adoption of electric vehicles, there is a burgeoning market for carbon brushes. These devices are integral components of the electric motor systems used in electric vehicles. The global electric vehicle market is experiencing remarkable growth, providing ample opportunities for the expansion of carbon brush applications.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Acceleration of Power Generation and Industrialization, and Demand for Home Appliances and Portable Electronic Devices
Restraint: Restriction in Replacement Opportunities
Opportunity: Technological Innovations in Carbon Brush Manufacturing and Strategic Collaborations in the Carbon brush sector
Challenge: High Competition from Alternatives
Supply Chain Landscape
Graphite Mining Corporations
Carbon Compound Producers
Industrial Carbon Manufacturers
Power Carbon Limited
Morgan Advanced Materials
Schunk Group
Automotive
Home Appliances
Power Generation Industries
Graphite Mining Corporations
Carbon Compound Producers
Industrial Carbon Manufacturers
Power Carbon Limited
Morgan Advanced Materials
Schunk Group
Automotive
Home Appliances
Power Generation Industries