UK's AC/DC Motors Market to Witness Steady Growth with a CAGR of +2.8% through 2035 - 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 a positive trend over the next decade, with a forecasted CAGR of +2.8% in volume and +6.3% in value from 2024 to 2035. By the end of 2035, the market is projected to reach 3.8M units with a value of $1.5B.

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.

In 2024, the amount of AC/DC motors consumed in the UK contracted dramatically to 2.8M units, shrinking by -25.7% against the previous year's figure. Over the period under review, consumption recorded a abrupt curtailment. Over the period under review, consumption hit record highs at 7.2M units in 2013; however, from 2014 to 2024, consumption stood at a somewhat lower figure.

The value of the AC/DC motor market in the UK rose sharply to $755M in 2024, surging 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 a slight increase 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 the immediate term.

In 2024, production of AC/DC motors in the UK dropped to 38K units, shrinking by -1.7% against 2023. Overall, production recorded a abrupt slump. The growth pace was the most rapid in 2018 when the production volume increased by 941%. 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. Over the period under review, production saw a deep reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 1,047% against the previous year. As a result, production reached the peak level of $125M. From 2019 to 2024, production growth remained at a lower figure.

In 2024, approx. 3.7M units of AC/DC motors were imported into the UK; which is down by -19% compared with the year before. In general, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 37%. Imports peaked at 8.9M units in 2013; however, from 2014 to 2024, imports failed to regain momentum.

In value terms, AC/DC motor imports soared to $1.4B in 2024. Over the period under review, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2022 when imports increased by 39% against the previous year. Imports peaked in 2024 and are expected to retain growth in the immediate term.

In 2023, China (1.9M units) constituted the largest supplier of AC/DC motor 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. Italy (540K units) ranked third in terms of total imports 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 United States ($245M), Germany ($214M) and China ($125M) constituted the largest AC/DC motor suppliers to the UK, together accounting for 53% 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%, recorded the highest rates of growth with regard to the value of imports, among 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, accounting for 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 held by electric motors (440K units), with a 12% share.

From 2013 to 2024, the average annual growth rate 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.

In terms of 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.

In 2024, the average AC/DC motor import price amounted to $385 per unit, jumping by 60% against the previous year. Overall, the import price enjoyed strong growth. The pace of growth appeared the most rapid in 2022 an increase of 63% against the previous year. The import price peaked in 2024 and is expected to retain growth in the immediate term.

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, jumping by 52% against the previous year. Over the period under review, the import price enjoyed a resilient increase. The growth pace was the most rapid in 2022 when the average import price increased by 63%. Over the period under review, average import prices attained the peak figure in 2023 and is likely to see steady growth in the immediate term.

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, approx. 885K units of AC/DC motors were exported from the UK; growing by 15% on the previous year's figure. Over the period under review, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2014 when exports increased by 74%. Over the period under review, the exports hit record highs 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 skyrocketed to $1.1B in 2024. In general, exports showed prominent growth. As a result, the exports attained 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 accounting for 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) constituted 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 comprising a further 26%.

Poland, with a CAGR of +16.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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. Electric motors (82K units) ranked third in terms of total exports with a 9.3% share.

From 2013 to 2024, the average annual growth rate of the volume of electric motors exports totaled -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) constituted 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%, recorded the highest rates of growth with regard to the value of exports, in terms of the main product categories over the period under review, while shipments for the other products experienced more modest paces of growth.

In 2024, the average AC/DC motor export price amounted to $1.3 thousand per unit, with an increase of 56% against the previous year. Overall, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 384% against the previous year. Over the period under review, the average export prices reached the peak figure in 2024 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major types of exported product. In 2024, 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, surging by 74% against the previous year. Overall, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 384%. The export price peaked at $873 per unit in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export 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 Exports

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