The global motor repair and maintenance market was valued at around USD 33.57 billion in 2024 and is expected to grow at a CAGR of 3.70% between 2025 and 2034, reaching approximately USD 48.28 billion by the end of the forecast period. This growth is driven...
More
The global motor repair and maintenance market was valued at around USD 33.57 billion in 2024 and is expected to grow at a CAGR of 3.70% between 2025 and 2034, reaching approximately USD 48.28 billion by the end of the forecast period. This growth is driven by increasing demand for reliable motor servicing across various industries, supported by aging equipment, a push for improved operational efficiency, and the need to reduce downtime while extending machinery lifespan.
Less
