The North American motor repair and maintenance market will be driven by the increasing focus on preventive maintenance (PM) checks of electric motors during the forecast period 2022-2027

Expert Market Research’s new report titled ‘North America Engine Repair and Maintenance Market Report and Forecast 2022-2027’, gives an in-depth analysis of the Engine Repair and Maintenance Market Motors in North America, assessing the market based on its segments like Types, Services, End-Uses, and Regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

Get Free Sample Report With TOC:

Key highlights of the report include:

Market Overview (2017-2027)

  • Historical market size (2021): 4083.1 million USD
  • Forecast CAGR (2022-2027): 50%
  • Forecasted Market Size (2027): USD 4995.2 Million

The engine repair and maintenance industry in North America is boosted by the thriving industrial and commercial sector and the increasing focus on improving the life of engines and machinery in the sectors. For example, the growing demand for heavy-duty engines in the food processing and mining industry to improve the efficiency and productivity of business operations is expected to support the growth of the engine repair and maintenance industry. during the forecast period. Additionally, the booming manufacturing sector and increased use of advanced machinery and equipment is believed to be driving the demand for engine repair and maintenance. Additionally, growing demand for engine repair and maintenance services across various industries such as utilities and HVAC among others is expected to boost the market over the forecast period.

Industry definition and major segments

Motor repair and maintenance refers to the process that involves the inspection, disassembly, repair, reassembly, and testing of motors that run on electricity. Engine repair and maintenance improve engine operational capabilities and productivity. In addition, repair and maintenance can be carried out regularly or at different intervals depending on the nature of the engine.

The engine repair and maintenance industry, based on type, can be divided into:

The general repair segment can further be divided, depending on the type, into bearing, stator and rotor, among others.

On the basis of service, the market is segmented into:

  • On-site service
  • Off-site service

The various end uses envisaged on the market are as follows:

  • Utilities
  • HVAC
  • Food and drink
  • Mining
  • Others

Regional engine repair and overhaul markets include:

Market trends

Growing adoption of mechanically and technologically advanced equipment owing to increase in research and development activities to develop improved engines for a range of applications is likely to be a major factor contributing to the growth of the market. The complexity of these machines is high and requires precise and efficient maintenance. Meanwhile, growing investments and increased collaborations among the major market players to extend their expertise and services related to industrial equipment maintenance are expected to be a major factor contributing to the growth of the market over the forecast period.

Read Full Report with TOC:

Main market players

Major market players include ABB Ltd., Siemens AG, Renown Electric, K+S Services, Inc., and TECO-Westinghouse, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients stay at the forefront of their industries by providing comprehensive and actionable market data through its market reports unionized and customized, covering more than 15 major industry fields. The company’s extensive and ever-growing reporting database, which is constantly updated, includes reports from verticals such as Chemicals & Materials, Food & Beverages, Energy & Mining, technology and media, consumer goods, pharmaceuticals, agriculture and packaging.

EMR leverages its industry-leading technology and analytical tools, along with the expertise of its highly skilled team of 100+ analysts and 3,000+ consultants, to help its clients, ranging from Fortune 1000 companies to small and midsize companies. businesses. businesses, easily grasp vast industry data and help them formulate market and business strategies, which ensure they stay ahead of the curve.

Media Contact

Company name: EMR Inc.
Contact Person:- Jessica Lucas, Business Consultant
Toll Free: USA +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

Learn more about EMR Inc.’s Procurement Intelligence Services.

* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.

Comments are closed.