DUBLIN, June 22, 2023 /PRNewswire/ — The “Motor Repair and Maintenance Market: Global Market Size, Forecast, Insights, and Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.
The global motor repair and maintenance market is expected to grow at a CAGR of around 3.8% to reach $41.95 billion in 2030 from $32.21 billion in 2023.
This report on global motor repair and maintenance market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape.
The report presents a clear picture of the global motor repair and maintenance market by segmenting the market based on type, service, end use and region.
Also, detailed profiles of companies operating in the motor repair and maintenance market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Companies Mentioned
- ABB
- Siemens
- WEG SA
- Regal Beloit
- TECO E&M/TECO-Westinghouse
Market Dynamics
Drivers
- Increasing Number of Passenger Cars
- Rising Innovation in the Industry
Challenges
- High Cost of Product
Historical & Forecast Period
- Base Year: 2022
- Historical Period: 2018-2022
- Forecast Period: 2023-2030
Market Segmentation
by Type
- General Repair
- Bearing
- Stator
- Rotor
- Others
- Overhaul
by Service
- On-site Service
- Off-site Service
by End Use
- Utilities (water, electricity and gas)
- HVAC
- Food and Beverage
- Mining
- Others
by Region
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Rest of Asia Pacific
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- Turkey
- Iran
- Rest of Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/gyomrv
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SOURCE Research and Markets
