Europe: Dc Motor Market 2024

Dc Motor Market Size in Europe

For the third year in a row, the Europe DC motor market recorded growth in sales value, which increased by X% to $X in 2023. Overall, consumption, however, recorded resilient growth. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.

Dc Motor Production in Europe

In value terms, DC motor production surged to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a slight decline. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Dc Motor Exports

Exports in Europe

DC motor exports totaled X units in 2023, increasing by X% compared with the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are likely to see steady growth in years to come.

In value terms, DC motor exports amounted to $X in 2023. Total exports indicated a remarkable increase 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 2015 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in years to come.

Exports by Country

The shipments of the three major exporters of DC motors, namely Germany, Switzerland and Austria, represented more than half of total export. Poland (X units) held the next position in the ranking, followed by the Netherlands (X units) and Italy (X units). All these countries together took approx. X% share of total exports. Hungary (X units), Serbia (X units), the Czech Republic (X units), Slovakia (X units), France (X units), Slovenia (X units) and North Macedonia (X units) took a minor share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by North Macedonia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest DC motor supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Switzerland ($X), with a X% share of total exports. It was followed by Hungary, with an X% share.

In Germany, DC motor exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Switzerland (X% per year) and Hungary (X% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2023, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2023 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per unit), while Austria ($X per unit) was amongst the lowest.

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

Dc Motor Imports

Imports in Europe

In 2023, overseas purchases of DC motors decreased by X% to X units for the first time since 2011, thus ending a eleven-year rising trend. Total imports indicated a buoyant increase from 2012 to 2023: its volume 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. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2022, and then declined in the following year.

In value terms, DC motor imports totaled $X in 2023. Total imports indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. 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 pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked in 2023 and is likely to continue growth in the near future.

Imports by Country

The purchases of the four major importers of DC motors, namely Germany, Austria, the Netherlands and the Czech Republic, represented more than half of total import. It was distantly followed by Poland (X units), Hungary (X units) and Italy (X units), together achieving a X% share of total imports. France (X units), Slovakia (X units), Switzerland (X units), Romania (X units), Ireland (X units) and Spain (X units) followed a long way behind the leaders.

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

In value terms, Germany ($X) constitutes the largest market for imported DC motors in Europe, comprising X% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

In Germany, DC motor imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The import price in Europe stood at $X per unit in 2023, with an increase of X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Slovakia ($X per unit), while Ireland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform