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

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Article Publishing Date: Feb 2, 2024

November 2023 Sees 9% Decline in U.S. Motor and Generator Imports, Valued at $1.4B

U.S. Motor And Generator Imports

Motor and generator imports into the United States fell dramatically to 68M units in November 2023, reducing by -15.5% compared with the previous month. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when imports increased by 12% m-o-m. Imports peaked at 81M units in August 2023; however, from September 2023 to November 2023, imports failed to regain momentum.

In value terms, motor and generator imports shrank to $1.4B (IndexBox estimates) in November 2023. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 with an increase of 11% against the previous month. Over the period under review, imports reached the peak figure at 1.6B units in May 2023; however, from June 2023 to November 2023, imports remained at a lower figure. U.S. Motor And Generator Imports By Country (Million USD)

COUNTRY	Import Value of Motor And Generator in U.S. (million USD)
COUNTRY	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023	Aug 2023	Sep 2023	Oct 2023	Nov 2023
Mexico	426	367	429	421	483	444	470	473	444	449	401	431	402
China	212	210	203	184	203	223	249	230	220	235	209	249	204
Japan	162	171	160	150	163	161	144	143	156	139	169	186	164
Vietnam	73.1	57.6	67.1	64.7	57.2	69.6	69.3	53.5	62.7	65.2	68.6	71.6	61.8
Canada	45.3	43.9	44.7	46.5	49.4	53.4	46.7	54.8	51.2	47.4	46.0	55.3	55.7
South Korea	41.6	51.6	45.5	46.4	50.8	52.3	57.5	51.4	37.4	45.6	59.3	58.6	44.2
Others	522	511	542	469	534	521	562	548	613	572	472	516	501
Total	1,482	1,412	1,492	1,382	1,541	1,524	1,598	1,554	1,584	1,553	1,424	1,567	1,433

Imports by Country

Mexico (17M units), China (13M units) and Vietnam (6M units) were the main suppliers of motor and generator imports to the United States, together comprising 52% of total imports.

From November 2022 to November 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +0.7%), while imports for the other leaders experienced a decline.

In value terms, Mexico ($402M), China ($204M) and Japan ($164M) were the largest motor and generator suppliers to the United States, with a combined 54% share of total imports. Vietnam, Canada and South Korea lagged somewhat behind, together accounting for a further 11%.

Canada, with a CAGR of +1.7%, recorded the highest growth rate of 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.

Import Prices by Country

In November 2023, the motor and generator price amounted to $21.1 per unit (CIF, US), with an increase of 8.2% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 10% month-to-month. Over the period under review, average import prices hit record highs at $22.4 per unit in June 2023; however, from July 2023 to November 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($56.1 per unit), while the price for the Philippines ($5.3 per unit) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by South Korea (+3.6%), 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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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

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

November 2023 Sees 9% Decline in U.S. Motor and Generator Imports, Valued at $1.4B

U.S. Motor And Generator Imports

Imports by Country

Import Prices by Country

Product coverage:

Companies mentioned:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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