Global Brushed DC Motor Market Size (2024 - 2029)

The global brushed DC motor market is anticipated to expand, driven by the growing adoption in the industrial and automotive sectors, particularly with the rise of electric vehicles. Despite challenges such as the complexity and durability issues of these motors, technological advancements are creating significant opportunities for market growth. The Asia-Pacific region is expected to lead in market size due to its industrial sector expansion. However, the market's growth trajectory may be impacted by factors like the reduced demand in the industrial segment due to pandemic-related lockdowns.

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Market Size of Global Brushed DC Motor Industry

Global Brushed DC Motor Market - Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration High

Major Players

Global Brushed DC Motor Market Major Players

*Disclaimer: Major Players sorted in no particular order

Brushed DC Motor Market Analysis

The global brushed dc motor market is expected to witness a CAGR of more than 4.0% during the period 2022-2027. The COVID-19 pandemic affected the market differentially for various end-user applications. For instance, the automotive segment, where motors are heavily deployed in electric vehicles, did not witness any formidable hurdles to the market growth. But the industrial segment is expected to be negatively affected due to lockdowns that have led to reduced demand for capital goods. For instance, In Europe, the industrial production index for capital goods declined from 100 to 60 in 2020. The global brushed dc motor market is likely to grow due to the increased adoption of motors in the industrial and automotive segments and the increasing rate of industrialization in many regions. However, the restraints like the increasing complexity of these assets and harsh operating conditions leading to wearing out of components are expected to hinder the market growth.

  • The Automotive segment is expected to witness significant growth in the market in the coming years due to the growing adoption of electric vehicles (EVs) in the automotive industry of almost all countries.
  • The technological developments for the advancement of brushed dc motor technology create tremendous opportunities for the market. For example, emerging technologies like increasing dc motor power density are expected to make the applications much more powerful.
  • The Asia-Pacific region is likely to dominate the market during the forecast period owing to the growth in the industrial sector in the region.

Brushed DC Motor Industry Segmentation

The scope of the Global Brushed DC Motor Market includes:

Voltage
Less Than 75 kV
Between 75 kV - 375 kV
Higher Than 375 kV
Application
Residential
Commercial
Industrial
Automotive
Geography
North America
Europe
Asia-Pacific
South America
Middle-East and Africa
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Global Brushed DC Motor Market Size Summary

The global brushed DC motor market is poised for growth, driven by the increasing adoption of these motors in the automotive and industrial sectors. The automotive segment, in particular, is expected to experience significant expansion due to the rising demand for electric vehicles worldwide. This shift towards cleaner transportation is prompting automotive manufacturers to establish new production facilities, further boosting the demand for brushed DC motors. Technological advancements, such as enhanced power density, are creating new opportunities for market growth. However, challenges such as the complexity of these motors and harsh operating conditions may impede progress. The Asia-Pacific region is anticipated to maintain its dominance in the market, supported by robust industrial growth in sectors like automotive, chemicals, and petrochemicals.

The market landscape is moderately consolidated, with key players including AMETEK, Inc., Johnson Electric Holdings Limited, Siemens AG, Toshiba Corp., and GE Industrial Motors. Recent developments in the electric vehicle sector, such as Foxconn's plans to build EV factories in the United States and Thailand, and investments in India for e-scooter production, are expected to significantly impact the brushed DC motor market. Additionally, China's role as a manufacturing powerhouse, with new industrial projects and refinery developments, further underscores the region's importance. These factors collectively suggest a promising outlook for the brushed DC motor market, with substantial growth opportunities anticipated in the coming years.

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Global Brushed DC Motor Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Voltage

      1. 2.1.1 Less Than 75 kV

      2. 2.1.2 Between 75 kV - 375 kV

      3. 2.1.3 Higher Than 375 kV

    2. 2.2 Application

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

      3. 2.2.3 Industrial

      4. 2.2.4 Automotive

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia-Pacific

      4. 2.3.4 South America

      5. 2.3.5 Middle-East and Africa

Global Brushed DC Motor Market Size FAQs

The Global Brushed DC Motor Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

AMETEK, Inc., Siemens AG, Toshiba Corp., Johnson Electric Holdings Limited and GE Industrial Motors are the major companies operating in the Global Brushed DC Motor Market.

Global Brushed DC Motor Report Snapshots

Global Brushed DC Motor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)