Industrial Motor Procurement Intelligence

The industrial motor category is anticipated to grow at a CAGR of 4.9% from 2023 to 2030.

The rising demand for EVs, industry 4.0, IE4 competent low voltage motors for energy savings and VFD boosting IE2/IE3 AC LV motor efficiency are driving the category growth. As industry 4.0 is rising, the world of electric motors is anticipated to see various changes. Additionally, due to the rising robotics technology, manufacturers are focusing on electric motor engineering to keep up with the robotics designs. Industrial motors are categorized as AC and DC motors. Brushless DC motors are used in conveyors, extrudes, aircraft, automobiles, elevators, and all other speed control applications. AC (alternating current) motors are widely used in industrial motors.

Order your copy of the Industrial Motor category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Industrial Motor Procurement Intelligence Report Scope

The Industrial Motor category is expected to have pricing growth outlook of 4% - 5% from 2023 to 2030, with below pricing models.

Motor type-based pricingcustomized-based pricingcompetition-based pricing

Supplier Selection Scope of Report

Cost and pricingtype of motormotor power & speedenergy efficiencygeographical presencecompliance

Supplier selection criteria of Report

Type of motor offeredspeed range and torque offeredefficiency ratinglevel of customizationsafety and environmental compliancelocation and presence of supplierothers

Industrial Motor Procurement Intelligence Report Coverage

Grand View Research will cover the following aspects in the report:

Market Intelligence along with emerging technology and regulatory landscapeMarket estimates and forecasts from 2022 to 2030Growth opportunities, trends, and driver analysisSupply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developmentsPorter’s 5 forcesPricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysisEngagement and operating models, KPI, and SLA elementsLCC/BCC analysis and negotiation strategiesPeer benchmarking and product analysisMarket report in PDF, Excel, and PPT and online dashboard versions 

Industrial Motor Procurement Cost and Supplier Intelligence

The industrial motors industry relies on suppliers for materials such as copper, steel, and electronic components. While there are multiple suppliers available, the quality and cost of these materials can impact the cost of motor manufacturing. Large motor manufacturers may have more bargaining power with suppliers due to their purchasing volume, while smaller companies may face higher costs.

While manufacturing the industrial motor, raw materials, labor, machinery, land and construction, utilities, distribution, and marketing are some of the cost components in the category. The major portion of the cost goes towards the cost of raw materials such as steel, copper wires, magnets, electronic components, and insulation materials. Various factors such as power rating, efficiency, enclosure type, and construction materials affect the manufacturing cost of the motor. Motors made from high-standard materials such as stainless steel, and aluminum are more expensive as compared to motors made from standard materials such as cast iron.

List of Key Suppliers

SiemensABBNIDEC CorporationKirloskarWEGComposite MotorsHansen CorporationMagna InternationalYASADumore Corporation

Add-on Services provided by Grand View Research Pipeline: 

Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process 

Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier 

Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house. 

Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc. 

Browse through Grand View Research’s collection of procurement intelligence studies: 

Graphite Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)Heat Exchanger Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)Business Intelligence Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape) 

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trendsPrice and Cost Intelligence – pricing models adopted for the category, total cost of ownershipsSupplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializingSourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions