Global Industrial Brushes Market 2017-2021
About Industrial Brushes
Industrial brushes are one of the basic accessories for power tools. These accessories are a sub-segment of power tools, which can be divided into three categories, namely, engine-driven power tools, electric power tools, and pneumatic power tools. These power tools are used to carry out operations like calibrating, drilling, routing, chiseling, sanding, buffing, polishing, and leveling.
Technavio’s analysts forecast the global industrial brushes market to grow at a CAGR of 4.78% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial brushes market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of industrial brushes.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Brushes Market 2017-2021
Technavio recognizes the following companies as the key players in the global industrial brushes market: 3M, Makita, Bosch Power Tools, and Saint-Gobain
Other Prominent Vendors in the market are: Ambika Enterprises, Brush Research Manufacturing, Carolina Brush, Fuller Industries, Gordon Brush Manufacturing, Ibex Industrial Brushes, Industrial Brush, Industrial Wire Brush, Jenkins Brush Company, Osborn, Power Brushes, SCHAEFER BRUSH MANUFACTURING, Spiral Brushes, Tanis Brush, The Industrial Brush Company, and The Mill-Rose Company
Commenting on the report, an analyst from Technavio’s team said: “The global industrial brushes market is fragmented in nature, where the technical know-how needed for manufacturing a variety of industrial brushes is available to most of the industrial manufacturers; therefore, manufacturers are capitalizing on customizing the industrial brushes according to the needs of different industries. The application of brushes varies, depending on the end-user. Thus, vendors operating in different industries look for specialty brushes for specific applications. The industrial brushes market is one of the most specialized and diverse manufacturing industries. Therefore, vendors in the market are capitalizing on the trend of customizing the industrial brushes.”
According to the report, emerging markets will drive global automotive sales, thus impacting the volume sales of industrial brushes. Industrial brushes are used in the automotive sector for tasks like buffing, polishing, and finishing. The main end-users of industrial brushes include the manufacturers of auto parts and automobile restoration specialists. Therefore, the demand for industrial brushes is very high among automobile manufacturers and auto repair shops, where these industrial brushes are used for surface conditioning and deburring purposes to create the final automotive products. The growing automotive sector across the globe is expected to increase the sales of industrial brushes worldwide.
Further, the report states that industrial brushes are expensive when compared with other power tool accessories. The average price of an industrial brush is $10. This is mainly due to the volatility in the prices of the raw materials, which are used to manufacture them such as steel. In the past few years, the price of steel reported volatility due to the expanding demand-supply disparity. The volatility in the prices of raw materials impacts the pricing strategy of industrial brushes vendors, thereby impacting the growth of the market.
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3M, Makita, Bosch Power Tools, Saint-Gobain, Ambika Enterprises, Brush Research Manufacturing, Carolina Brush, Fuller Industries, Gordon Brush Manufacturing, Ibex Industrial Brushes, Industrial Brush, Industrial Wire Brush, Jenkins Brush Company, Osborn, Power Brushes, SCHAEFER BRUSH MANUFACTURING, Spiral Brushes, Tanis Brush, The Industrial Brush Company, and The Mill-Rose Company
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