As per Future Market Insights, the brush rocker market is anticipated to attain a value pool of US$ 30 billion by 2023-end. Global demand for brush rockers is expected to rise at a CAGR of 5.2% to US$ 50 billion in 2033.
The brush rocker market has been gaining traction in recent years due to the increasing demand for cleaning equipment in residential and commercial settings. A detailed overview of the brush rocker market, including its drivers, opportunities, and trends is given below:
Prominent Market Drivers:
There are numerous factors driving the growth of the brush rocker market including:
Opportunities:
There are numerous opportunities for growth in the brush rocker market including:
Key Market Trends:
There are numerous trends in the brush rocker market that are shaping its development including:
The brush rocker market is poised for continued growth in the coming years, driven by factors such as the increasing demand for cleaning equipment, the rise of e-commerce, and the development of new products and technologies. As this market continues to evolve, it will be critical for manufacturers and distributors to stay abreast of the latest trends and opportunities to maintain their competitive edge.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 30 billion |
| Projected Market Value in 2033 | US$ 50 billion |
| Growth Rate (2023 to 2033) | 5.2% CAGR |
The Brush Rocker market is expected to witness a high recovery, with a substantial growth over the forecast period. Sales of brush rockers are expected to ascend over the forecast period due to high adoptance of electric vehicles in various regions.
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Increasing demands for reduction of maintenance and repair of electric motors as well as the need to maintain constant pressure on brushes to deliver full current density is expected to continue the market growth. Electrification of vehicles and increasing awareness towards renewable energy generation technologies present themselves as high growth markets for brush rock manufacturers.
Sales of brush rockers are however restrained by the associated high price tag where thermoplastics are usually used as raw materials for the same. The resultant processing and manufacturing costs coupled with the capital intensive machinery and tools required to manufacture thermoplastics is said to incur a high production cost coupled with selling margin thus making the device as an expensive one.
Besides the electric vehicle industry, sales of the product are expected to grow at a very high rate in the energy generation and renewables sector. Brush Rockers are gaining a higher adoption rate due to its ability to keep brushes within a motor precise, accurate and stable under the toughest of conditions, thereby ensuring efficiency of the energy generation system and without causing any losses.
During the first of 2020 pandemic, strict lockdown measures massively impacted manufacturing facilities as well as supply chains. Though the fuel based automotive sales noticed a severe dip, however there were signs of resilience from the electrical vehicles. These were due to several governments around the world imposing strict regulations regarding emission standards in various European countries.
Some countries such as Germany also began purchase incentives for electric vehicles. These factors will present manufacturers with many further opportunities over the forecast period.
Growth in the importance towards incorporation of automation in manufacturing facilities is also expected is also expected to boost the market. Hence, product innovations may ensure higher reliability in these automated procedures, thereby reducing dependence on labor and remain unaffected by lockdown measures.
Principal Consultant
Climate change is one of the most critical priorities for various European governments. The European electrical vehicle sector has been witnessing significant growth than other regions. Countries such as The Netherlands and others in the Nordics have already achieved high volumes of electrical vehicle sales.
This trend is expected to be followed by other countries as well. With a number of governments such as the United Kingdom and Germany, committed towards a net zero emission goal by 2050 and 2035 respectively, has increased sales of electric vehicles. These agendas and regulations continue to drive the demand for the market.
Reduction in battery costs and upgraded OEM offerings with respect to vehicle choices and performance is expected to create high demand for the electric automotive industry and subsequently for the market.
The European Union’s target of achieving a target of 55% greenhouse gases reduction by 2030, and its record of generating more electricity from wind and solar projects in 2020, has made itself a lucrative market for manufacturers.
Some of the leading manufacturers and suppliers include
Leading manufacturers are focusing on innovating their product portfolios for them to be adaptable in harsh conditions. Companies are also integrating their products with brush holders, to facilitate maintenance and assembly in any sorts of environments.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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Brush Rocker Market
