Market Size of Global Brushed DC Motor Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Brushed DC Motor Market Analysis
The global brushed dc motor market is expected to witness a CAGR of more than 4.0% during the period 2022-2027. The COVID-19 pandemic affected the market differentially for various end-user applications. For instance, the automotive segment, where motors are heavily deployed in electric vehicles, did not witness any formidable hurdles to the market growth. But the industrial segment is expected to be negatively affected due to lockdowns that have led to reduced demand for capital goods. For instance, In Europe, the industrial production index for capital goods declined from 100 to 60 in 2020. The global brushed dc motor market is likely to grow due to the increased adoption of motors in the industrial and automotive segments and the increasing rate of industrialization in many regions. However, the restraints like the increasing complexity of these assets and harsh operating conditions leading to wearing out of components are expected to hinder the market growth.
- The Automotive segment is expected to witness significant growth in the market in the coming years due to the growing adoption of electric vehicles (EVs) in the automotive industry of almost all countries.
- The technological developments for the advancement of brushed dc motor technology create tremendous opportunities for the market. For example, emerging technologies like increasing dc motor power density are expected to make the applications much more powerful.
- The Asia-Pacific region is likely to dominate the market during the forecast period owing to the growth in the industrial sector in the region.
