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The global motor repair and maintenance market size reached a value of about USD 33.57 billion in 2023. The market is further expected to grow at a CAGR of nearly 3.7% in the forecast period of 2024-2032 to reach a value of approximately USD 46.51 billion by 2032.
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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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:
Based on service, the market can be divided into the following:
It finds wide end-uses in the following industries:
The regional markets for motor repair and maintenance include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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.
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:
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 | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Service |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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 (2018-2023)
8.3 Global Motor Repair and Maintenance Market Forecast (2024-2032)
8.4 Global Motor Repair and Maintenance Market by Type
8.4.1 General Repair
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Bearing
8.4.1.3.1.1 Historical Trend (2018-2023)
8.4.1.3.1.2 Forecast Trend (2024-2032)
8.4.1.3.2 Stator
8.4.1.3.2.1 Historical Trend (2018-2023)
8.4.1.3.2.2 Forecast Trend (2024-2032)
8.4.1.3.3 Rotor
8.4.1.3.3.1 Historical Trend (2018-2023)
8.4.1.3.3.2 Forecast Trend (2024-2032)
8.4.1.3.4 Others
8.4.2 Overhaul
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Motor Repair and Maintenance Market by Service
8.5.1 On-Site Service
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Off-Site Service
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Motor Repair and Maintenance Market by End Use
8.6.1 Utilities (Water, Electricity, and Gas)
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 HVAC
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Food and Beverages
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Mining
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Motor Repair and Maintenance Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Motor Repair and Maintenance Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Motor Repair and Maintenance Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Motor Repair and Maintenance Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Motor Repair and Maintenance Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Motor Repair and Maintenance Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 2032
2. Global Motor Repair and Maintenance Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Motor Repair and Maintenance Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Motor Repair and Maintenance Historical Market: Breakup by Service (USD Billion), 2018-2023
5. Global Motor Repair and Maintenance Market Forecast: Breakup by Service (USD Billion), 2024-2032
6. Global Motor Repair and Maintenance Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Motor Repair and Maintenance Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Motor Repair and Maintenance Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Motor Repair and Maintenance Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Motor Repair and Maintenance Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Motor Repair and Maintenance Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Motor Repair and Maintenance Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Motor Repair and Maintenance Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Motor Repair and Maintenance Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Motor Repair and Maintenance Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Motor Repair and Maintenance Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Motor Repair and Maintenance Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Motor Repair and Maintenance Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Motor Repair and Maintenance Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Motor Repair and Maintenance Market Structure
The global motor repair and maintenance market reached a value of USD 33.57 billion in 2023.
The market is projected to grow at a CAGR of nearly 3.7% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 46.51 billion by 2032.
The major drivers of the market include rising disposable incomes, increasing industrualisation, and the rising technological developments.
The growing use of complex machinery, technological advancements and innovations, and the rising use of electric motors for automating various applications in end-use sectors like food and beverages, mining, and HVAC, among others, are the key trends fuelling the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
General repair and overhaul are the major types of motor repair and maintenance considered in the market report.
The significant segments on the basis of service in the market include on-site service and off-site service.
Utilities (water, electricity, and gas), HVAC, food and beverages, and mining, among others, are the different end uses of motor repair and maintenance.
The leading players in the market are ABB Ltd, Siemens, Regal Beloit Corporation, and TECO-Westinghouse, among others.
The global motor repair and maintenance market attained a value of USD 33.57 billion in 2023, 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 2024-2032, growing at a CAGR of 3.7%. The industry is projected to reach USD 46.51 billion by 2032.
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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