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U.S. Motor And Generator Market. Analysis And Forecast to 2030
Report Update: Nov 1, 2024

U.S. Motor And Generator Market. Analysis And Forecast to 2030

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Aug 17, 2023

Imported Motors and Generators in United States Decline by 3% to $1.6B in June 2023

U.S. Motor And Generator Imports

In June 2023, after three months of growth, there was significant decline in overseas purchases of motors and generators, when their volume decreased by -10.4% to 70M units. In general, imports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in October 2022 with an increase of 9.5% month-to-month. Over the period under review, imports reached the peak figure at 91M units in June 2022; however, from July 2022 to June 2023, imports remained at a lower figure.

In value terms, motor and generator imports contracted slightly to $1.6B (IndexBox estimates) in June 2023. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 with an increase of 11% against the previous month. Over the period under review, imports reached the maximum at 1.6B units in May 2023, and then shrank in the following month. U.S. Motor And Generator Imports By Country (Million USD)

COUNTRYImport Value of Motor And Generator in U.S. (million USD)
Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023
Mexico458437469437438426367429421483444470473
China308248261243223212210203184203223249230
Japan11411197.9121149162171160150163161144143
Canada44.133.948.644.444.745.343.944.746.549.453.446.754.8
Vietnam12010710483.390.573.157.667.164.757.269.669.353.5
Switzerland26.627.623.325.629.527.521.125.828.128.721.530.026.6
Others484532544542617536541561488556552590573
Total1,5561,4961,5481,4971,5921,4821,4121,4921,3821,5411,5241,5981,554

Imports by Country

Mexico (18M units), China (14M units) and Japan (5.3M units) were the main suppliers of motor and generator imports to the United States, together accounting for 53% of total imports. These countries were followed by Switzerland, Vietnam and Canada, which together accounted for a further 16%.

From June 2022 to June 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +1.1%), while imports for the other leaders experienced a decline.

In value terms, Mexico ($473M) constituted the largest supplier of motor and generator to the United States, comprising 30% of total imports. The second position in the ranking was held by China ($230M), with a 15% share of total imports. It was followed by Japan, with a 9.2% share.

From June 2022 to June 2023, the average monthly growth rate of value from Mexico was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-2.4% per month) and Japan (+1.9% per month).

Import Prices by Country

In June 2023, the motor and generator price amounted to $22.3 per unit (CIF, US), rising by 8.5% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in September 2022 an increase of 16% month-to-month. Over the period under review, average import prices reached the peak figure in June 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($67.4 per unit), while the price for Switzerland ($6.2 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Korea (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the motor and generator market in the U.S.. 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.

Product coverage:

  • NAICS 335312 - Motor and generator manufacturing

Companies mentioned:

  • Hamilton Sundstrand Corporation
  • Ametek, Bwx Technologies
  • Regal-Beloit Corporation
  • Nidec Motor Corporation
  • Baldor Electric Company
  • Franklin Electric Co.
  • Generac Power Systems
  • Yaskawa America
  • Cummins Power Generation
  • Electro-Motive Diesel
  • Toshiba International Corporation
  • NRG Energy
  • Luvata Grenada
  • Teco-Westinghouse Motor Company
  • Regal Beloit America
  • Kollmorgen Corporation
  • Kato Engineering
  • Leroy-Somer
  • The Hines Group
  • Generac Power Systems
  • Allied Motion Technologies
  • GE Energy Manufacturing
  • Kinetek
  • Jordan Industries
  • Exx
  • AES Alamitos
  • Briggs & Stratton Power Products Group
  • US Test Company 509
  • Generac Holdings
  • Teco Holdings Usa
  • Nidec US Holdings Corporation

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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