Industrial Production Products & Services

Electric DC Motors: Market Size, Growth & Forecast to 2030

The Electric DC Motors market is valued at about $62.5 billion (2026) and is projected to grow at a 6.4% CAGR through 2030. The largest cost driver is Raw Materials (Electrical Steel, Copper, Rare Earth Magnets) (45% of spend). Asia Pacific leads demand at 48%.

Market size
$62.5 bn (2026)
CAGR to 2030
+6.4%
Buyer power
Favours buyers
Tracked suppliers
150
Projected market growth (index, 2026 = 100)
Base year 2026
Official data · Claight projectionForecast
Market size index, 2026 = 100, at the 6.4% CAGR.
Forecast
2026
2027
2028
2029
2030
2031
2026 base: 1002031 est: 136

Cost structure

Raw Materials (Electrical Steel, Copper, Rare Earth Magnets)
45%
Manufacturing and Assembly Labor
20%
Energy and Upstream Processing
15%
Inbound and Outbound Logistics
10%
Overhead, Compliance, and Tooling
10%

Regional demand split

Asia Pacific demand
48%
Europe demand
22%
North America demand
20%
Rest of world demand
10%

Key suppliers

Nidec CorporationJohnson Electric Holdings LimitedMaxon Motor AGindustry sources Motion Technologies Inc.Ametek Inc.Faulhaber GroupToshiba CorporationABB Ltd.
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Claight market analysis of proprietary and public data. Full report: /category-intelligence/electric-dc-motors