Traction Carbon Brushes Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
Looking ahead to the demand from 2023 to 2033, the outlook for the Traction Carbon Brushes Market appears even more promising. With the rapid global shift towards renewable energy and cleaner transportation systems, the traction carbon brushes market is expected to witness further growth, particularly due to the increased use of electric trains, trams, and buses. Additionally, the rise of industrial automation and the growing need for energy-efficient motors in various industries such as mining, agriculture, and aerospace will further fuel the demand for advanced traction carbon brushes. The ability of carbon brushes to adapt to various applications, including high-speed machinery, is expected to drive significant market demand in the coming decade.
As the global population becomes increasingly mobile, the demand for electric vehicles, especially in urban areas, continues to rise. With governments across the world introducing stricter emission regulations, EVs and hybrid vehicles are anticipated to dominate the automotive sector. This surge in the automotive sector will significantly increase the demand for traction carbon brushes, which are integral to the performance of electric motors in vehicles. Furthermore, the ongoing shift towards more efficient railways, including high-speed trains and electric trains, will contribute to an ever-growing demand for durable and high-quality traction carbon brushes.
The next decade also promises growth from emerging markets in Asia-Pacific, Latin America, and the Middle East, where infrastructure development is accelerating. As these regions expand their railway and manufacturing sectors, demand for electric motor components like traction carbon brushes is expected to increase. Moreover, technological advancements are anticipated to drive the development of more efficient and longer-lasting carbon brushes, expanding their applicability across various sectors.
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The Traction Carbon Brushes Market experienced substantial growth between 2018 and 2022, driven by increased demand in industries such as automotive, railways, and manufacturing. The ongoing evolution of electric vehicles (EVs), the expansion of railway networks, and advancements in industrial machinery created a surge in the need for high-performance carbon brushes. As industries rely more on electric motors, the demand for these essential components has amplified, with carbon brushes playing a crucial role in enhancing motor efficiency, durability, and overall performance. During this period, market players responded with innovation, offering brushes that are more resilient and energy-efficient, particularly suited for the evolving needs of the transportation and manufacturing sectors.
Mersen (French)
Morgan Advanced Materials plc (UK)
Schunk
Helwig Carbon Products
The Gerken Group (Belgium)
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Traction Carbon Brushes Market
Application I
Application II
Application III
Application IV
Based on Types the Market is categorized into Below types that held the largest Traction Carbon Brushes market share In 2023.
Type I
Type II
Type III
Type IV
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Traction Carbon Brushes Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Traction Carbon Brushes Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Traction Carbon Brushes Market, By Type
6. Global Traction Carbon Brushes Market, By Application
7. Global Traction Carbon Brushes Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Traction Carbon Brushes Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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