UK's AC/DC Motor Market to Reach 3.8M Units and $1.5B by 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 article discusses the anticipated rise in demand for AC/DC motors in the UK, with a forecasted CAGR of +2.8% in market volume and +6.3% in market value from 2024 to 2035. This increase is expected to drive the market performance upwards, indicating promising prospects for the industry in the coming years.

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 dropped remarkably to 2.8M units, waning by -25.7% compared with 2023. Over the period under review, consumption recorded a abrupt curtailment. Over the period under review, consumption attained the peak volume at 7.2M units in 2013; however, from 2014 to 2024, consumption stood at a somewhat lower figure.

The size of the AC/DC motor market in the UK rose markedly to $755M in 2024, picking up 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 years. 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. Over the period under review, the market reached the maximum level in 2024 and is likely to continue growth in the immediate term.

In 2024, ac/dc motor production in the UK dropped modestly to 38K units, with a decrease of -1.7% against the year before. In general, production continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 941% against the previous year. As a result, production reached the peak volume of 749K units. From 2019 to 2024, production growth remained at a lower figure.

In value terms, AC/DC motor production reached $7.6M in 2024 estimated in export price. Overall, production recorded a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of 1,047%. As a result, production reached the peak level of $125M. From 2019 to 2024, production growth remained at a somewhat lower figure.

In 2024, approx. 3.7M units of AC/DC motors were imported into the UK; falling by -19% on 2023 figures. Over the period under review, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2020 with an increase of 37% against the previous year. Over the period under review, imports reached the peak figure at 8.9M units in 2013; however, from 2014 to 2024, imports remained at a lower figure.

In value terms, AC/DC motor imports skyrocketed to $1.4B in 2024. Overall, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2022 when imports increased by 39% against the previous year. Imports peaked in 2024 and are expected to retain 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 United States ($245M), Germany ($214M) and China ($125M) were the largest AC/DC motor suppliers to the UK, 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 comprising a further 26%.

In terms of the main suppliers, Japan, with a CAGR of +26.4%, recorded the highest growth rate of the value of imports, 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. Electric motors (440K units) ranked third in terms of total imports 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 stood at -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%, saw 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, surging by 60% against the previous year. In general, the import price enjoyed 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 2024 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplied products. In 2024, 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, increasing by 52% against the previous year. Over the period under review, the import price recorded a buoyant increase. The pace of growth appeared the most rapid in 2022 an increase of 63%. The import price peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: 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, exports of AC/DC motors from the UK totaled 885K units, growing by 15% on 2023 figures. In general, exports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of 74%. Over the period under review, the exports hit record highs at 3.7M units in 2017; however, from 2018 to 2024, the exports stood at a somewhat lower figure.

In value terms, AC/DC motor exports skyrocketed to $1.1B in 2024. Overall, exports recorded buoyant 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) constituted the largest markets for AC/DC motor exported from the UK worldwide, together comprising 40% of total exports. France, Spain, Ireland, the Netherlands, Poland, Turkey, Sweden, Malaysia, Greece and Hungary lagged somewhat behind, together accounting for a further 26%.

Poland, with a CAGR of +16.6%, recorded the highest rates of growth with regard to the value of exports, in terms of 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, with 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, AC/DC motors with the largest exports in the UK were generators ($304M), electric generators ($288M) and electric motors; AC motors, multi-phase, of an output exceeding 75kW ($227M), together comprising 72% of total exports.

In terms of the main product categories, generators, with a CAGR of +14.4%, recorded the highest rates of growth with regard to the value of exports, 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, picking up by 56% against the previous year. Over the period under review, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 384% against the previous year. The export price peaked in 2024 and is likely to see steady growth in years to come.

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, growing by 74% against the previous year. Overall, the export price recorded prominent growth. The growth pace was the most rapid in 2018 when the average export price increased by 384% against the previous year. Over the period under review, the average export prices hit record highs 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 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 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