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Global Motor Repair and Maintenance Market: By Type: General Repair, Overhaul; By Service: On-Site Service, Off-Site Service; By End Use: Utilities (Water, Electricity, and Gas), HVAC, Food and Beverages; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Motor Repair and Maintenance Market Outlook
The global motor repair and maintenance market size reached a value of about USD 30.1 billion in 2020. The market is further expected to grow at a CAGR of nearly 3.7% in the forecast period of 2023-2028 to reach a value of approximately USD 37.4 billion by 2026.
The Asia Pacific is expected to be the global leader in the motor repair and maintenance industry because of the existence of multiple car hubs in the region. In addition, high passengers' vehicles consumption throughout Asia and increased passenger vehicle output throughout the region are expected to push the motor repair and maintenance service industry over the forecast period. Today, North America also has a large market share of motor repair and maintenance services. Over the forecast era, it would probably retain its share of the global economy.
Electric motors can be used in compressors, machine tools, and industrial fans in different industry sectors, ranging from food and drink to mining. As they have an immense effect on competitiveness and efficiency, ensuring that such motors are powerful, therefore, routine preventive maintenance (PM) checks are essential for electric motors. The general process involves visual inspection, controls for the switch and brush, check for the engine winding, and inspection for the bearing. In fact, the maintenance of electric motors is cost-effective, instead of replacing the entire system.
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Properties and Applications
Motor repair and maintenance is the maintenance control process, which also involves visual review, motor winding check, and electric motor bearing inspection. Electric motors are widely applicable in various industries, such as compressors, industrial fans, and others. It is an integral component of a business because its competitiveness and profitability depend on its effective performance. Different end-users have started in recent years to seek successful repair and maintenance solutions aimed at preventing critical breakdowns, reducing downtimes, as well as preventing serious motor damage.
Based on type, the industry can be further segmented as follows:
- General Repair
- Bearing
- Stator
- Rotor
- Others
- Overhaul
Based on service, the market can be divided into the following:
- On-Site Service
- Off-Site Service
It finds wide end-uses in the following industries:
- Utilities (Water, Electricity, and Gas)
- HVAC
- Food and Beverage
- Mining
- Others
The regional markets for motor repair and maintenance include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Market Analysis
Preventative maintenance (PM) controls are a significant boost to cost efficiency, which drives the growth of the global motor repair and maintenance industry. The repair of an engine and preventive steps are also a more convenient choice to minimise further damage than the overall replacement of the entire unit. Regular maintenance also decreases the risk factor as well as increases equipment lifespan. In addition, thanks to technological developments, the use of electric motors for automating different applications in industries including HVAC, mining, food, and beverages have increased significantly. In addition, the use of complex machinery will increase the market for special motor repair and maintenance services considerably. These factors together are propelling the growth of the motor repair and maintenance industry forward.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global motor repair and maintenance market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- ABB Ltd
- Siemens
- Regal Beloit Corporation
- TECO-Westinghouse
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Service, End Use, Region |
| Breakup by Type | General Repair, Overhaul |
| Breakup by Service | On-Site Service, Off-Site Service |
| Breakup by End Use | Utilities (Water, Electricity, and Gas), HVAC, Food and Beverages, Mining, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | ABB Ltd, Siemens, Regal Beloit Corporation, TECO-Westinghouse, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Market Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Motor Repair and Maintenance Market Analysis
8.1 Key Industry Highlights
8.2 Global Motor Repair and Maintenance Historical Market (2018-2022)
8.3 Global Motor Repair and Maintenance Market Forecast (2023-2028)
8.4 Global Motor Repair and Maintenance Market by Type
8.4.1 General Repair
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.1.4 Breakup by Type
8.4.1.4.1 Bearing
8.4.1.4.1.1 Market Share
8.4.1.4.1.2 Historical Trend (2018-2022)
8.4.1.4.1.3 Forecast Trend (2023-2028)
8.4.1.4.2 Stator
8.4.1.4.2.1 Market Share
8.4.1.4.2.2 Historical Trend (2018-2022)
8.4.1.4.2.3 Forecast Trend (2023-2028)
8.4.1.4.3 Rotor
8.4.1.4.3.1 Market Share
8.4.1.4.3.2 Historical Trend (2018-2022)
8.4.1.4.3.3 Forecast Trend (2023-2028)
8.4.1.4.4 Others
8.4.2 Overhaul
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Motor Repair and Maintenance Market by Service
8.5.1 On-Site Service
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Off-Site Service
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Motor Repair and Maintenance Market by End Use
8.6.1 Utilities (Water, Electricity, and Gas)
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 HVAC
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Food and Beverages
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Mining
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Motor Repair and Maintenance Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Motor Repair and Maintenance Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Motor Repair and Maintenance Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Motor Repair and Maintenance Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Motor Repair and Maintenance Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Motor Repair and Maintenance Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 ABB Ltd
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Siemens
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Regal Beloit Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 TECO-Westinghouse
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Motor Repair and Maintenance Market: Key Industry Highlights, 2018 and 2028
2. Global Motor Repair and Maintenance Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Motor Repair and Maintenance Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Motor Repair and Maintenance Historical Market: Breakup by Service (USD Billion), 2018-2022
5. Global Motor Repair and Maintenance Market Forecast: Breakup by Service (USD Billion), 2023-2028
6. Global Motor Repair and Maintenance Historical Market: Breakup by End Use (USD Billion), 2018-2022
7. Global Motor Repair and Maintenance Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8. Global Motor Repair and Maintenance Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Motor Repair and Maintenance Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Motor Repair and Maintenance Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Motor Repair and Maintenance Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Motor Repair and Maintenance Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Motor Repair and Maintenance Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Motor Repair and Maintenance Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Motor Repair and Maintenance Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Motor Repair and Maintenance Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Motor Repair and Maintenance Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Motor Repair and Maintenance Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Motor Repair and Maintenance Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Motor Repair and Maintenance Market Structure
Key Questions Answered in the Report
The global motor repair and maintenance market reached a value of USD 30.1 billion in 2020.
The market is projected to grow at a CAGR of nearly 3.7% in the forecast period of 2023-2028.
The market is estimated to reach a value of about USD 37.4 billion by 2026.
The major drivers of the industry include rising disposable incomes, increasing industrualisation, and the rising technological developments.
The rising use of complex machinery is expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.
The major types of the repair in the industry are general repair and overhaul.
The major services in the industry include on-site service and off-site service, among others.
The end-use segments in the industry include utilities (water, electricity, and gas), HVAC, food and beverage, and mining, among others.
The leading players in the market are ABB Ltd, Siemens, Regal Beloit Corporation, and TECO-Westinghouse, among others.
Analyst Review
The global motor repair and maintenance market attained a value of USD 30.1 billion in 2020, driven by the growth in the technological developments. Aided by the rising use of complex machinery, the industry is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 3.7%. The industry is projected to reach USD 37.4 billion by 2026.
EMR's meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its types, the global motor repair and maintenance market can be segmented into general repair and overhaul. By services, the industry can be divided into on-site service and off-site service, among others. On the basis of end uses, the industry can be categorised into utilities (water, electricity, and gas), HVAC, food and beverage, and mining, among others. The major regional markets for motor repair and maintenance are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above industry include ABB Ltd, Siemens, Regal Beloit Corporation, and TECO-Westinghouse, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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