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Global Motor Repair and Maintenance Market Size, Share: 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; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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
Key Questions Answered in the Report
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.
Analyst Review
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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