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North America Motor Repair and Maintenance Market: By Type: General Repair, Overhaul; By Service: On-site Service, Off-site Service; By End Use: Utilities, HVAC, Food and Beverage, Mining, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

North America Motor Repair and Maintenance Market Outlook

North America motor repair and maintenance market stood at a value of around USD 4083.1 million in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 3.50% to reach USD 4995.2 million by 2027.

 

North America Motor Repair and Maintenance Market

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Overhaul Segment Holds a Significant Share in the North America Motor Repair and Maintenance Industry

Overhauling is highly preferred for complex motors which require regular checks. Overhaul is cost-effective and reduces labour costs. Overhauling also extends the life span of motors and can prevent critical breakdown. Additionally, overhauling restores the performance of motors, thereby increasing their productivity. These factors are aiding the growth of the segment. Furthermore, overhauling is less time consuming than other repair and maintenance techniques, which is likely to be a major driving factor in the market growth.

In North America, the advancements in the automation industry are leading to a shift in the way repair and maintenance services are carried out. The employment of intricate machinery in various end use industries of the region is expected to enhance the demand for these services. Further, the rising expenditure on preventive maintenance (PM) checks of electric motors owing to their ability to lessen the risk factor, save energy, reduce downtime, and increase equipment life is expected to aid the market growth in the region.

 

Motor Repair and Maintenance: Market Segmentation

Motor repair and maintenance is defined as the process of maintaining and repairing a motor to improve its functioning and enhance its internal combustion. Motor repair and maintenance includes testing, monitoring, fixing, and replacing elements in a system. In addition to this, motor repair and maintenance also includes dynamic balancing of axles, rotors, pumps, and fans, among others.

 

North America Motor Repair and Maintenance Market by Segment

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Based on type, the market can be bifurcated into:

  • General Repair
  • Overhaul

The general repair segment can be further divided based on type into bearing, stator, and rotor, among others.

On the basis of service, the market is segmented into:

  • On-site Service
  • Off-site Service

The different end uses considered in the market report are as follows:

  • Utilities
  • HVAC
  • Food and Beverage
  • Mining
  • Others

The regional markets for motor repair and maintenance in North America include the United States and Canada.

 

North America Motor Repair and Maintenance Market by Region

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Rising Demand in Various End Use Sectors to Boost the Growth of the North America Motor Repair and Maintenance Industry

The rising application of motor repair and maintenance in various end use industries including utilities, HVAC, food and beverage, oil and gas, and mining to boost the operational efficiency of machinery is driving the market. In addition to this, in manufacturing and industrial facilities, the increasing focus on maintaining equipment and motor systems to enhance the business profitability and productivity is anticipated to augment the market in the forecast period. Furthermore, the increasing demand for repairing a motor instead of replacing it with a new one in order to reduce its associated costs is likely to be a key driving factor in the market growth in North America.

 

Key Industry Players in the North America Motor Repair and Maintenance Market

The report gives a detailed analysis of the following key players in the North America 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 AG
  • Renown Electric 
  • K+S Services, Inc.
  • 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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Service, End Use, Country
Breakup by Type General Repair, Overhaul
Breakup by Service On-site Service, Off-site Service
Breakup by End Use Utilities, HVAC, Food and Beverage, Mining, Others
Breakup by Region United States, Canada
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 AG, Renown Electric, K+S Services, Inc., 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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    North America
7    Industry Opportunities and Challenges
8    North America Motor Repair and Maintenance Market Analysis

    8.1    Key Industry Highlights
    8.2    North America Motor Repair and Maintenance Historical Market (2017-2021) 
    8.3    North America Motor Repair and Maintenance Market Forecast (2022-2027)
    8.4    North America Motor Repair and Maintenance Market by Type
        8.4.1    General Repair
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
            8.4.1.4    Breakup by Type
                8.4.1.4.1    Bearing
                8.4.1.4.2    Stator
                8.4.1.4.3    Rotor
                8.4.1.4.4    Others
        8.4.2    Overhaul
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    North America 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 (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Off-site Service
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    North America Motor Repair and Maintenance Market by End Use
        8.6.1    Utilities
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    HVAC
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Food and Beverage
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Mining
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Others
    8.7    North America Motor Repair and Maintenance Market by Country
        8.7.1    Market Share
            8.7.1.1    United States 
            8.7.1.2    Canada
9    Regional Analysis
    9.1    United States
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Type
        9.1.4    Breakup by Service
        9.1.5    Breakup by End Use
        9.1.6    Breakup by Region
            9.1.6.1    Central Canada
            9.1.6.2    The Prairie Provinces
            9.1.6.3    West Coast
            9.1.6.4    Others
    9.2    Canada
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027) 
        9.2.3    Breakup by Type
        9.2.4    Breakup by Service
        9.2.5    Breakup by End Use
        9.2.6    Breakup by Region
            9.2.6.1    South
            9.2.6.2    MidWest
            9.2.6.3    West
            9.2.6.4    North East
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    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    ABB Ltd.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Siemens AG
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Renown Electric 
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    K+S Services, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    TECO-Westinghouse
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    North America Motor Repair and Maintenance Market: Key Industry Highlights, 2017 and 2027
2.    North America Motor Repair and Maintenance Historical Market: Breakup by Type (USD Million), 2017-2021
3.    North America Motor Repair and Maintenance Market Forecast: Breakup by Type (USD Million), 2022-2027
4.    North America Motor Repair and Maintenance Historical Market: Breakup by Service (USD Million), 2017-2021
5.    North America Motor Repair and Maintenance Market Forecast: Breakup by Service (USD Million), 2022-2027
6.    North America Motor Repair and Maintenance Historical Market: Breakup by End Use (USD Million), 2017-2021
7.    North America Motor Repair and Maintenance Market Forecast: Breakup by End Use (USD Million), 2022-2027
8.    North America Motor Repair and Maintenance Historical Market: Breakup by Country (USD Million), 2017-2021
9.    North America Motor Repair and Maintenance Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    North America Motor Repair and Maintenance Market Structure

Key Questions Answered in the Report

In 2021, the North America motor repair and maintenance market attained a value of nearly USD 4083.1 million.

The market is estimated to grow at a CAGR of 3.50% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 4995.2 million by 2027.

The major drivers of the industry, such as the expansion of the major end use sectors, growing investments to enhance operational efficiency of machinery, and rapid automation, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the growing adoption of complex and advanced equipment and machinery in various industries.

General repair and overhaul are the major types included in the market report.

On-site service and off-site service are the different services explored in the market report.

Utilities, HVAC, food and beverage, and mining, among others are the significant end uses of motor repair and maintenance.

The major players in the industry are ABB Ltd., Siemens AG, Renown Electric, K+S Services, Inc., and TECO-Westinghouse, among others.

Analyst Review

The North America motor repair and maintenance market attained a value of USD 4083.1 million in 2021, driven by the growing automation across various end use sectors and the rising expenditure on preventive maintenance of motors. Aided by the growing technological advancements,  the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 3.50%. The market is projected to reach USD 4995.2 million by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into general repair and overhaul. On the basis of service, the market is divided into on-site service and off-site service. Based on end use, the market is categorised into utilities, HVAC, food and beverage, and mining, among others. T he major regional markets for motor repair and maintenance in North America are the United States and Canada. The key players in the above market include ABB Ltd., Siemens AG, Renown Electric, K+S Services, Inc., 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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