Market Overview:
The global motor repair and maintenance market size reached US$ 31.31 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 35.53 Billion by 2027, exhibiting at a CAGR of 2.18% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Electric motors find applications in diverse industries ranging from food and beverage to mining where they are installed in compressors, machine tools, industrial fans, etc. Since they have a huge impact on a business profitability and productivity, it is vital to ensure that these motors perform well. Consequently, it is important to perform regular preventive maintenance (PM) checks on electric motors. The general procedure includes visual inspection, maintenance check on the commutator and brush, motor winding test and bearing inspection. Moreover, repairing electric motors is cost-effective than replacing the entire machine, thereby being an optimum alternative.
Preventive maintenance of motors lessens the risk factor, saves energy, improves equipment life and reduces downtime. Regular use of electric motors in various end-use industries, such as HVAC, mining, food and beverage, etc., is impelling the growth of the motor repair and maintenance market worldwide. Apart from this, the utilisation of electric motors has grown significantly in various sectors due to increasing automation. Advancements in the automation industry are changing the nature of repair and maintenance of motors, including the type of specialist equipment and skills required. Due to the employment of intricate machinery, the demand for motor repair and maintenance services is anticipated to rise in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global motor repair and maintenance market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type, service and end use industry.
Breakup by Type:
- General Repair
- Bearing
- Stator
- Rotor
- Others
- Overhaul
Based on type, the market has been bifurcated into general repair and overhaul. Currently, general repair dominates the market, thereby holding the largest share. The general repair segment has been further categorised into bearing, stator and rotor.
Breakup by Service:
- On-site Service
- Off-site Service
On the basis of service, on-site service represents the largest segment, followed by off-site service.
Breakup by End Use Industry:
- Utilities (water, electricity and gas)
- HVAC
- Food and Beverage
- Mining
- Others
The market has also been segregated on the basis of end-use industry. At present, the utilities sector accounts for majority of the total global market, followed by the HVAC, food and beverages, and mining segments.
Regional Insights:
- North America
- Europe
- Asia Pacific
- Rest of the World
Region-wise, the market has been divided into Asia Pacific, North America, Europe and Rest of the World (RoW). Amongst these, Asia Pacific is the leading market, holding majority of the total global market.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being ABB, Siemens, WEG SA, Regal Beloit and TECO E&M/TECO-Westinghouse.
This report provides a deep insight into the global motor repair and maintenance market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the motor repair and maintenance market in any manner.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Type, Service, End Use Industry, Region |
| Region Covered |
North America, Europe, Asia Pacific, Rest of the World |
| Companies Covered |
ABB, Siemens, WEG SA, Regal Beloit and TECO E&M/TECO-Westinghouse |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License $ 1999
Five User License $ 2499
Corporate License $ 2999 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Motor Repair and Maintenance Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Type
5.5 Market Breakup by Service
5.6 Market Breakup by End Use Industry
5.7 Market Breakup by Region
5.8 Market Forecast
5.9 SWOT Analysis
5.9.1 Overview
5.9.2 Strengths
5.9.3 Weaknesses
5.9.4 Opportunities
5.9.5 Threats
5.10 Value Chain Analysis
5.10.1 Research and Development
5.10.2 Raw Parts/Equipment Procurement
5.10.3 Repair and Maintenance Companies
5.10.4 Distributors and Retailers
5.10.5 On Site Service
5.10.6 End-Users
5.11 Porters Five Forces Analysis
5.11.1 Overview
5.11.2 Bargaining Power of Buyers
5.11.3 Bargaining Power of Suppliers
5.11.4 Degree of Competition
5.11.5 Threat of New Entrants
5.11.6 Threat of Substitutes
5.12 Key Success and Risk Factors
6 Market Breakup by Type
6.1 General Repair
6.1.1 Bearing
6.1.1.1 Market Trends
6.1.1.2 Market Forecast
6.1.2 Stator
6.1.2.1 Market Trends
6.1.2.2 Market Forecast
6.1.3 Rotor
6.1.3.1 Market Trends
6.1.3.2 Market Forecast
6.1.4 Others
6.1.4.1 Market Trends
6.1.4.2 Market Forecast
6.2 Overhaul
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Service
7.1 On-site Service
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Off-site Service
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 Utilities (water, electricity and gas)
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 HVAC
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Food and Beverage
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Mining
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Rest of the World
9.4.1 Market Trends
9.4.2 Market Forecast
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 ABB
10.3.1.1 Company Overview
10.3.1.2 Company Description
10.3.1.3 Product Portfolio
10.3.1.4 Financials
10.3.1.5 Key Contacts
10.3.2 Siemens
10.3.2.1 Company Overview
10.3.2.2 Company Description
10.3.2.3 Product Portfolio
10.3.2.4 Financials
10.3.2.5 Key Contacts
10.3.3 WEG SA
10.3.3.1 Company Overview
10.3.3.2 Company Description
10.3.3.3 Product Portfolio
10.3.3.4 Financials
10.3.3.5 Key Contacts
10.3.4 Regal Beloit
10.3.4.1 Company Overview
10.3.4.2 Company Description
10.3.4.3 Product Portfolio
10.3.4.4 Financials
10.3.4.5 Key Contacts
10.3.5 TECO E&M/TECO-Westinghouse
10.3.5.1 Company Overview
10.3.5.2 Company Description
10.3.5.3 Product Portfolio
10.3.5.4 Financials
10.3.5.5 Key Contacts
List of Figures
Figure 1: Global: Motor Repair and Maintenance Market: Major Drivers and Challenges
Figure 2: Global: Motor Repair and Maintenance Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Motor Repair and Maintenance Market: Breakup by Type (in %), 2021
Figure 4: Global: Motor Repair and Maintenance Market: Breakup by Service (in %), 2021
Figure 5: Global: Motor Repair and Maintenance Market: Breakup by End Use Industry (in %), 2021
Figure 6: Global: Motor Repair and Maintenance Market: Breakup by Region (in %), 2021
Figure 7: Global: Motor Repair and Maintenance Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Motor Repair and Maintenance Industry: SWOT Analysis
Figure 9: Global: Motor Repair and Maintenance Industry: Value Chain Analysis
Figure 10: Global: Motor Repair and Maintenance Industry: Porter’s Five Forces Analysis
Figure 11: Global: Motor Repair and Maintenance Market (General Repair): Sales Value (in Billion US$), 2016 & 2021
Figure 12: Global: Motor Repair and Maintenance Market Forecast (General Repair): Sales Value (in Billion US$), 2022-2027
Figure 13: Global: Motor Repair and Maintenance Market (General Repair-Bearing): Sales Value (in Billion US$), 2016 & 2021
Figure 14: Global: Motor Repair and Maintenance Market Forecast (General Repair-Bearing): Sales Value (in Billion US$), 2022-2027
Figure 15: Global: Motor Repair and Maintenance Market (General Repair- Stator): Sales Value (in Billion US$), 2016 & 2021
Figure 16: Global: Motor Repair and Maintenance Market Forecast (General Repair- Stator): Sales Value (in Billion US$), 2022-2027
Figure 17: Global: Motor Repair and Maintenance Market (General Repair- Rotor): Sales Value (in Billion US$), 2016 & 2021
Figure 18: Global: Motor Repair and Maintenance Market Forecast (General Repair- Rotor): Sales Value (in Billion US$), 2022-2027
Figure 19: Global: Motor Repair and Maintenance Market (Others General Repair): Sales Value (in Billion US$), 2016 & 2021
Figure 20: Global: Motor Repair and Maintenance Market Forecast (Others General Repair): Sales Value (in Billion US$), 2022-2027
Figure 21: Global: Motor Repair and Maintenance Market (Overhaul): Sales Value (in Billion US$), 2016 & 2021
Figure 22: Global: Motor Repair and Maintenance Market Forecast (Overhaul): Sales Value (in Billion US$), 2022-2027
Figure 23: Global: Motor Repair and Maintenance Market (On-site Service): Sales Value (in Billion US$), 2016 & 2021
Figure 24: Global: Motor Repair and Maintenance Market Forecast (On-site Service): Sales Value (in Billion US$), 2022-2027
Figure 25: Global: Motor Repair and Maintenance Market (Off-site Service): Sales Value (in Billion US$), 2016 & 2021
Figure 26: Global: Motor Repair and Maintenance Market Forecast (Off-site Service): Sales Value (in Billion US$), 2022-2027
Figure 27: Global: Motor Repair and Maintenance Market (in Utilities Sector): Sales Value (in Billion US$), 2016 & 2021
Figure 28: Global: Motor Repair and Maintenance Market Forecast (in Utilities Sector): Sales Value (in Billion US$), 2022-2027
Figure 29: Global: Motor Repair and Maintenance Market (in HVAC Industry): Sales Value (in Billion US$), 2016 & 2021
Figure 30: Global: Motor Repair and Maintenance Market Forecast (in HVAC Industry): Sales Value (in Billion US$), 2022-2027
Figure 31: Global: Motor Repair and Maintenance Market (in Food and Beverage Industry): Sales Value (in Billion US$), 2016 & 2021
Figure 32: Global: Motor Repair and Maintenance Market Forecast (in Food and Beverage Industry): Sales Value (in Billion US$), 2022-2027
Figure 33: Global: Motor Repair and Maintenance Market (in Mining Industry): Sales Value (in Billion US$), 2016 & 2021
Figure 34: Global: Motor Repair and Maintenance Market Forecast (in Mining Industry): Sales Value (in Billion US$), 2022-2027
Figure 35: Global: Motor Repair and Maintenance Market (in Other Industries): Sales Value (in Billion US$), 2016 & 2021
Figure 36: Global: Motor Repair and Maintenance Market Forecast (in Other Industries): Sales Value (in Billion US$), 2022-2027
Figure 37: North America: Motor Repair and Maintenance Market: Sales Value (in Billion US$), 2016 & 2021
Figure 38: North America: Motor Repair and Maintenance Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 39: Europe: Motor Repair and Maintenance Market: Sales Value (in Billion US$), 2016 & 2021
Figure 40: Europe: Motor Repair and Maintenance Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 41: Asia Pacific: Motor Repair and Maintenance Market: Sales Value (in Billion US$), 2016 & 2021
Figure 42: Asia Pacific: Motor Repair and Maintenance Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 43: Rest of the World: Motor Repair and Maintenance Market: Sales Value (in Billion US$), 2016 & 2021
Figure 44: Rest of the World: Motor Repair and Maintenance Market Forecast: Sales Value (in Billion US$), 2022-2027
List of Tables
Table 1: Global: Motor Repair and Maintenance Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Motor Repair and Maintenance Market Forecast: Breakup by Type (in Billion US$), 2022-2027
Table 3: Global: Motor Repair and Maintenance Market Forecast: Breakup by General Repair Type (in Billion US$), 2022-2027
Table 4: Global: Motor Repair and Maintenance Market Forecast: Breakup by Service (in Billion US$), 2022-2027
Table 5: Global: Motor Repair and Maintenance Market Forecast: Breakup by End Use Industry (in Billion US$), 2022-2027
Table 6: Global: Motor Repair and Maintenance Market Forecast: Breakup by Region (in Billion US$), 2022-2027
Table 7: Global: Motor Repair and Maintenance Market Structure
Table 8: Global: Motor Repair and Maintenance Market: Key Players