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Historical Year
Forecast Year
North America motor repair and maintenance market stood at a value of around USD 4373.92 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 3.50% to reach USD 5932.73 million by 2032.
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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 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.
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Based on type, the market can be bifurcated into:
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:
The different end uses considered in the market report are as follows:
The regional markets for motor repair and maintenance in North America include the United States and Canada.
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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.
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:
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. |
*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.*
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In 2023, the North America motor repair and maintenance market attained a value of nearly USD 4373.92 million.
The market is estimated to grow at a CAGR of 3.50% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 5932.73 million by 2032.
The major regions in the industry are the United States and Canada.
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.
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+44-753-713-2163
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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