According to Transparency Market Research’s latest report on the global industrial brushes market for the period 2019–2027 (wherein 2019 to 2027 is the forecast period and 2018 is the base year), increasing demand for vehicles and industrial equipment, owing to industrialization and population across emerging countries is anticipated to propel the industrial brushes market worldwide.
In the report, revenue generated by the global industrial brushes market has been mentioned in terms of value (US$ Mn) and volume (Thousand Units) during the forecast period.
A Key Driver of Industrial Brushes Market
One of the most popular applications of industrial brushes is in the automotive industry. Industrial brushes are extensively used in the automotive industry in petroleum-based or water-based cleaning solutions. All metal parts are either stainless steel or brass for corrosion resistance. In the automotive industry, finishing is of topmost priority, and industrial brushes are used for surface finishing and metal polishing. Automotive cleaning companies install industrial brushes for the purpose of cleaning.
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According to data released by the International Organization of Motor Vehicle Manufacturers (OICA), the global production of passenger vehicles stood at 69 million units in 2018, registering a growth of 2.2% as compared to the previous year. Surge in industrialization has been one of the major driving factors for vehicle production growth, which has resulted in the growth of industrial brushes. The increasing production of vehicles globally is directly influencing the growth in demand for industrial brushes used in the automotive sector.
A Key Trend in Industrial Brushes Market
Application industries of industrial brushes such as automotive industry, oil and gas, and industrial manufacturers are expected to show significant growth during the forecast period. Significant surge in these application industries across several emerging countries boosts the demand for industrial brushes.
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A Key Restraining Factor of Market
One of the key restraining factors for the industrial brushes market is the volatility in raw material prices. Industrial brushes are typically made from filaments made from standard materials, including nylon, polypropylene, polyester, conductive, natural fibers, stainless steel, brass, and mild steel. Some materials such as stainless steel as well as mild steel have high price fluctuations.
Industrial Brushes Market: Competition Landscape
- Detailed profiles of manufacturers in the industrial brushes market have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
- Key players operating in the global industrial brushes market include
- Associated Industrial Brush Co Ltd
- Gordon Brush Mfg. Co., Inc.
- KOTI GROUP
- Spiral Brushes Inc.
- The Industrial Brush Company, Inc.
- Robert Bosch GmbH
- Tanis Brush
- 3M
- Unimade Industry Co, Limited,
- The Mill-Rose Company
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Industrial Brushes Market: Key Developments
In 2017, Mill-Rose Company was awarded the ABMA (American Brush Manufacturers Association) 2017 Innovation Excellence award for its Power-Deuce multi-function brush. The Mill-Rose Power-Deuce brush enables fast cleaning of fittings and tubing and is ideal for large plumbing and refrigeration projects.
The Industrial Brush Company, Inc. specializes in some of the newest and patented technologies for industrial brushes. This has resulted in the company dominating the market for considerable time.
An Opportunity for Industrial Brushes Market
Small and medium size enterprises are anticipated to create lucrative opportunities for the industrial brushes market worldwide. Industrial brushes have robust applications across multiple industries. Therefore, the demand for industrial brushes is anticipated to grow in the next couple of years with rising number of small and medium sized enterprises.
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