UK's AC/DC Motor Market to See Solid Growth with CAGR of +2.8% in Volume and +6.3% in Value Over Next Decade - News and Statistics - IndexBox

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IndexBox has just published a new report: United Kingdom - Universal Ac/Dc Motors Of An Output Exceeding 37.5 W; Other Ac Motors; Ac Generators (Alternators) - Market Analysis, Forecast, Size, Trends and Insights.

The UK AC/DC motor market is set to experience growth with a forecasted CAGR of +2.8% in volume and +6.3% in value from 2024 to 2035. This projected increase in demand reflects a positive trend for the industry, reaching significant market volume and value by the end of the forecast period.

Driven by rising demand for AC/DC motor in the UK, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.8% for the period from 2024 to 2035, which is projected to bring the market volume to 3.8M units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.3% for the period from 2024 to 2035, which is projected to bring the market value to $1.5B (in nominal wholesale prices) by the end of 2035.

For the fourth consecutive year, the UK recorded decline in consumption of AC/DC motors, which decreased by -25.7% to 2.8M units in 2024. In general, consumption showed a abrupt contraction. Over the period under review, consumption reached the peak volume at 7.2M units in 2013; however, from 2014 to 2024, consumption failed to regain momentum.

The size of the AC/DC motor market in the UK expanded notably to $755M in 2024, growing by 6.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated modest growth from 2013 to 2024: its value increased at an average annual rate of +1.0% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +20.6% against 2021 indices. Consumption peaked in 2024 and is likely to continue growth in years to come.

In 2024, approx. 38K units of AC/DC motors were produced in the UK; declining by -1.7% compared with the previous year. Over the period under review, production saw a abrupt decrease. The growth pace was the most rapid in 2018 when the production volume increased by 941% against the previous year. As a result, production attained the peak volume of 749K units. From 2019 to 2024, production growth remained at a lower figure.

In value terms, AC/DC motor production amounted to $7.6M in 2024 estimated in export price. Overall, production recorded a deep setback. The pace of growth was the most pronounced in 2018 when the production volume increased by 1,047% against the previous year. As a result, production attained the peak level of $125M. From 2019 to 2024, production growth failed to regain momentum.

AC/DC motor imports into the UK fell rapidly to 3.7M units in 2024, with a decrease of -19% against the previous year. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 37%. Imports peaked at 8.9M units in 2013; however, from 2014 to 2024, imports stood at a somewhat lower figure.

In value terms, AC/DC motor imports soared to $1.4B in 2024. In general, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2022 when imports increased by 39%. Imports peaked in 2024 and are likely to continue growth in years to come.

In 2023, China (1.9M units) constituted the largest AC/DC motor supplier to the UK, with a 41% share of total imports. Moreover, AC/DC motor imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (665K units), threefold. The third position in this ranking was held by Italy (540K units), with a 12% share.

From 2013 to 2023, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-8.9% per year) and Italy (+3.1% per year).

In value terms, the largest AC/DC motor suppliers to the UK were the United States ($245M), Germany ($214M) and China ($125M), with a combined 53% share of total imports. Japan, France, Italy, Romania, the Czech Republic, Poland, Slovenia, Ireland, Australia and Vietnam lagged somewhat behind, together accounting for a further 26%.

Japan, with a CAGR of +26.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

In 2024, electric motors; AC motors, single-phase (1.9M units) constituted the largest type of AC/DC motors supplied to the UK, with a 51% share of total imports. Moreover, electric motors; AC motors, single-phase exceeded the figures recorded for the second-largest type, electric motors; AC motors, multi-phase, of an output exceeding 750W but not exceeding 75kW (836K units), twofold. The third position in this ranking was taken by electric motors (440K units), with a 12% share.

From 2013 to 2024, the average annual rate of growth in terms of the volume of electric motors; AC motors, single-phase imports amounted to -10.8%. With regard to the other supplied products, the following average annual rates of growth were recorded: electric motors; AC motors, multi-phase, of an output exceeding 750W but not exceeding 75kW (+8.7% per year) and electric motors (-0.8% per year).

In value terms, AC/DC motors with the largest imports in the UK were electric generators ($465M), electric motors; AC motors, multi-phase, of an output exceeding 75kW ($293M) and electric motors; AC motors, multi-phase, of an output exceeding 750W but not exceeding 75kW ($198M), with a combined 68% share of total imports.

Among the main product categories, electric generators, with a CAGR of +16.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other products experienced more modest paces of growth.

The average AC/DC motor import price stood at $385 per unit in 2024, with an increase of 60% against the previous year. In general, the import price showed prominent growth. The pace of growth appeared the most rapid in 2022 an increase of 63%. The import price peaked in 2024 and is likely to see gradual growth in years to come.

Prices varied noticeably by the product type; the product with the highest price was electric generators ($16 thousand per unit), while the price for electric motors; AC motors, single-phase ($38 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by electric generators; AC generators, (alternators), of an output exceeding 750kVA (+24.9%), while the prices for the other products experienced more modest paces of growth.

The average AC/DC motor import price stood at $241 per unit in 2023, growing by 52% against the previous year. Over the period under review, the import price showed a prominent expansion. The pace of growth appeared the most rapid in 2022 an increase of 63% against the previous year. The import price peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($2.8 thousand per unit), while the price for Vietnam ($12 per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Australia (+72.3%), while the prices for the other major suppliers experienced more modest paces of growth.

In 2024, the amount of AC/DC motors exported from the UK reached 885K units, increasing by 15% against the previous year's figure. Over the period under review, exports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2014 when exports increased by 74%. Over the period under review, the exports attained the peak figure at 3.7M units in 2017; however, from 2018 to 2024, the exports remained at a lower figure.

In value terms, AC/DC motor exports surged to $1.1B in 2024. In general, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Italy (263K units), Germany (174K units) and the United States (119K units) were the main destinations of AC/DC motor exports from the UK, with a combined 72% share of total exports. Sweden, Ireland, France, Poland, the Netherlands, Spain, Malaysia, Turkey, Hungary and Greece lagged somewhat behind, together comprising a further 48%.

From 2013 to 2023, the biggest increases were recorded for Sweden (with a CAGR of +28.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($110M), the United States ($87M) and Italy ($58M) appeared to be the largest markets for AC/DC motor exported from the UK worldwide, with a combined 40% share of total exports. France, Spain, Ireland, the Netherlands, Poland, Turkey, Sweden, Malaysia, Greece and Hungary lagged somewhat behind, together accounting for a further 26%.

In terms of the main countries of destination, Poland, with a CAGR of +16.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Electric motors (357K units) was the largest type of AC/DC motors exported from the UK, accounting for a 40% share of total exports. Moreover, electric motors exceeded the volume of the second product type, electric motors; AC motors, single-phase (167K units), twofold. The third position in this ranking was taken by electric motors (82K units), with a 9.3% share.

From 2013 to 2024, the average annual growth rate of the volume of electric motors exports stood at -10.6%. With regard to the other exported products, the following average annual rates of growth were recorded: electric motors; AC motors, single-phase (+2.9% per year) and electric motors (+4.8% per year).

In value terms, generators ($304M), electric generators ($288M) and electric motors; AC motors, multi-phase, of an output exceeding 75kW ($227M) appeared to be the most exported types of AC/DC motors from the UK worldwide, with a combined 72% share of total exports.

Generators, with a CAGR of +14.4%, saw the highest growth rate of the value of exports, among the main product categories over the period under review, while shipments for the other products experienced more modest paces of growth.

The average AC/DC motor export price stood at $1.3 thousand per unit in 2024, growing by 56% against the previous year. Overall, the export price showed strong growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 384%. The export price peaked in 2024 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the product type; the product with the highest price was electric motors; AC motors, multi-phase, of an output exceeding 75kW ($6.6 thousand per unit), while the average price for exports of electric motors; AC motors, single-phase ($129 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for the following types: electric motors; AC motors, multi-phase, of an output exceeding 75kW (+27.1%), while the prices for the other products experienced more modest paces of growth.

In 2023, the average AC/DC motor export price amounted to $817 per unit, picking up by 74% against the previous year. In general, the export price saw a strong expansion. The pace of growth was the most pronounced in 2018 an increase of 384% against the previous year. The export price peaked at $873 per unit in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Spain ($1.2 thousand per unit), while the average price for exports to Sweden ($64 per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+41.6%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ac/dc motor market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Export

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles