Global Motor Repair and Maintenance Market Report 2023: Rising Innovation in the Industry Drives Growth

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Jun 22, 2023, 17:45 ET

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