Global Dc Motor Market 2024

Dc Motor Market Size

In 2023, the global DC motor market increased by X% to $X, rising for the sixth consecutive year after two years of decline. Overall, the total consumption indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2017 indices. Global consumption peaked in 2023 and is expected to retain growth in the immediate term.

Dc Motor Production

In value terms, DC motor production rose to $X in 2023 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Global production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

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Dc Motor Exports

Exports

In 2023, global dc motor exports reduced slightly to X units, declining by X% on the previous year. Overall, exports recorded a perceptible curtailment. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the global exports hit record highs at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, DC motor exports totaled $X in 2023. In general, total exports indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the global exports reached the peak figure in 2023 and are likely to see gradual growth in the immediate term.

Exports by Country

China dominates exports structure, amounting to X units, which was approx. X% of total exports in 2023. Hong Kong SAR (X units) held the second position in the ranking, followed by Germany (X units) and Thailand (X units). All these countries together held near X% share of total exports. Switzerland (X units), Austria (X units), Mexico (X units), South Korea (X units), Singapore (X units), Poland (X units), the Netherlands (X units) and Japan (X units) took a little share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2023. At the same time, Austria (X%), the Netherlands (X%), Poland (X%), Japan (X%), Switzerland (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. South Korea experienced a relatively flat trend pattern. By contrast, Germany (X%), Thailand (X%), Singapore (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Austria (X p.p.), Switzerland (X p.p.), Poland (X p.p.), Mexico (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Singapore (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest DC motor supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Germany ($X), with an X% share of global exports. It was followed by Mexico, with a X% share.

In China, DC motor exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Germany (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2023, the average DC motor export price amounted to $X per unit, with an increase of X% against the previous year. In general, the export price saw a strong increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. The global export price peaked at $X per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other global leaders experienced more modest paces of growth.

Dc Motor Imports

Imports

In 2023, supplies from abroad of DC motors decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a slight decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of global imports remained at a somewhat lower figure.

In value terms, DC motor imports stood at $X in 2023. Overall, total imports indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, global imports hit record highs in 2023 and are likely to see steady growth in years to come.

Imports by Country

China (X units), Hong Kong SAR (X units), the United States (X units), Mexico (X units), India (X units), Germany (X units), Thailand (X units), Austria (X units), the Netherlands (X units), South Korea (X units), the Czech Republic (X units) and Vietnam (X units) represented roughly X% of total imports in 2023. Malaysia (X units) held a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Austria (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest DC motor importing markets worldwide were the United States ($X), Germany ($X) and China ($X), with a combined X% share of global imports. Mexico, the Czech Republic, the Netherlands, South Korea, Thailand, India, Austria, Vietnam, Hong Kong SAR and Malaysia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average DC motor import price stood at $X per unit in 2023, with an increase of X% against the previous year. In general, import price indicated strong growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, DC motor import price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform