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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 (2015-2025); 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 2019. The market is further expected to grow at a CAGR of nearly 3.7% in the forecast period of 2020-2025 to reach a value of approximately USD 37.4 billion by 2025.

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.

 

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 industry based on the Porter's five forces model along with giving a SWOT analysis.

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    Industry Opportunities and Challenges
8    Global Motor Repair and Maintenance Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Motor Repair and Maintenance Historical Market (2015-2019) 
    8.3    Global Motor Repair and Maintenance Market Forecast (2020-2025)
    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 (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
            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 (2015-2019)
                    8.4.1.4.1.3    Forecast Trend (2020-2025)
                8.4.1.4.2    Stator
                    8.4.1.4.2.1    Market Share
                    8.4.1.4.2.2    Historical Trend (2015-2019)
                    8.4.1.4.2.3    Forecast Trend (2020-2025)
                8.4.1.4.3    Rotor
                    8.4.1.4.3.1    Market Share
                    8.4.1.4.3.2    Historical Trend (2015-2019)
                    8.4.1.4.3.3    Forecast Trend (2020-2025)
                8.4.1.4.4    Others
        8.4.2    Overhaul
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
    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 (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Off-Site Service
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
    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 (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    HVAC
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
        8.6.3    Food and Beverages
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2015-2019)
            8.6.3.3    Forecast Trend (2020-2025)
        8.6.4    Mining
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2015-2019)
            8.6.4.3    Forecast Trend (2020-2025)
        8.6.5    Others
    8.7    Global Motor Repair and Maintenance Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Market by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Market by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Market by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Market by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
    9.5.1    Historical Trend (2015-2019)
    9.5.2    Forecast Trend (2020-2025)
    9.5.3    Market by Country
        9.5.3.1    Saudi Arabia
        9.5.3.2    United Arab Emirates
        9.5.3.3    Nigeria
        9.5.3.4    South Africa
        9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Key Players's Market Share
    12.3    Company Profiles
        12.3.1    ABB Ltd
            12.3.1.1    Company Overview
            12.3.1.2    Product Portfolio
            12.3.1.3    Demographic Reach and Achievements
            12.3.1.4    Certifications
        12.3.2    Siemens 
            12.3.2.1    Company Overview
            12.3.2.2    Product Portfolio
            12.3.2.3    Demographic Reach and Achievements
            12.3.2.4    Certifications
        12.3.3    Regal Beloit Corporation
            12.3.3.1    Company Overview
            12.3.3.2    Product Portfolio
            12.3.3.3    Demographic Reach and Achievements
            12.3.3.4    Certifications
        12.3.4    TECO-Westinghouse
            12.3.4.1    Company Overview
            12.3.4.2    Product Portfolio
            12.3.4.3    Demographic Reach and Achievements
            12.3.4.4    Certifications
        12.3.5    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Motor Repair and Maintenance Market: Key Industry Highlights, 2015 and 2025
2.    Global Motor Repair and Maintenance Historical Market: Breakup by Type (USD Billion), 2015-2019
3.    Global Motor Repair and Maintenance Market Forecast: Breakup by Type (USD Billion), 2020-2025
4.    Global Motor Repair and Maintenance Historical Market: Breakup by Service (USD Billion), 2015-2019
5.    Global Motor Repair and Maintenance Market Forecast: Breakup by Service (USD Billion), 2020-2025
6.    Global Motor Repair and Maintenance Historical Market: Breakup by End Use (USD Billion), 2015-2019
7.    Global Motor Repair and Maintenance Market Forecast: Breakup by End Use (USD Billion), 2020-2025
8.    Global Motor Repair and Maintenance Historical Market: Breakup by Region (USD Billion), 2015-2019
9.    Global Motor Repair and Maintenance Market Forecast: Breakup by Region (USD Billion), 2020-2025
10.    North America Motor Repair and Maintenance Historical Market: Breakup by Country (USD Billion), 2015-2019
11.    North America Motor Repair and Maintenance Market Forecast: Breakup by Country (USD Billion), 2020-2025
12.    Europe Motor Repair and Maintenance Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    Europe Motor Repair and Maintenance Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Asia Pacific Motor Repair and Maintenance Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Asia Pacific Motor Repair and Maintenance Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Latin America Motor Repair and Maintenance Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Latin America Motor Repair and Maintenance Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Middle East and Africa Motor Repair and Maintenance Historical Market: Breakup by Country (USD Billion), 2015-2019
19.    Middle East and Africa Motor Repair and Maintenance Market Forecast: Breakup by Country (USD Billion), 2020-2025
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 2019.

The market is projected to grow at a CAGR of nearly 3.7% in the forecast period of 2020-2025.

The market is estimated to reach a value of about USD 37.4 billion by 2025.

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 2019, 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 2020-2025, growing at a CAGR of 3.7%. The industry is projected to reach USD 37.4 billion by 2025. 

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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