North America motor repair and maintenance market stood at a value of around USD 4.37 billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 3.50% to reach USD 6.16 billion by 2034.
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.
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.
Overhaul Segment Holds a Significant Share in the North America Motor Repair and Maintenance Industry
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: Market Segmentation
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.Based on type, the market can be bifurcated into:
- General Repair
- Overhaul
On the basis of service, the market is segmented into:
- On-site Service
- Off-site Service
The different end uses considered in the market report are as follows:
- Utilities
- HVAC
- Food and Beverage
- Mining
- Others
Based on region, the market can be bifurcated into:
- United States
- Canada
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.
Key Industry Players in the North America Motor Repair and Maintenance Market
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:- ABB Ltd.
- Siemens AG
- Renown Electric
- K+S Services, Inc.
- TECO-Westinghouse
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 North America Motor Repair and Maintenance Market Analysis
6 Regional Analysis
7 Market Dynamics
9 Competitive Landscape
Companies Mentioned
- ABB Ltd.
- Siemens AG
- Renown Electric
- K+S Services, Inc.
- TECO-Westinghouse
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 120 |
Published | July 2025 |
Regions Covered | North America |
No. of Companies Mentioned | 5 |