CATEGORY
DC Motors
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Savings Achieved
(in %)
The average annual savings achieved in DC Motors category is 6.57%
Payment Terms
(in days)
The industry average payment terms in DC Motors category for the current quarter is 74.2 days
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Category Strategy and Flexibility
Engagement Model
Supply Assurance
Sourcing Process
Supplier Type
Pricing Model
Contract Length
SLAs/KPIs
Lead Time
Supplier Diversity
Targeted Savings
Risk Mitigation
Financial Risk
Sanctions
AMEs
Geopolitical Risk
Cost Optimization
Price per Unit Competitiveness
Specification Leanness
Minimum Order Quality
Payment Terms
Inventory Control
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Schedule a DemoDC Motors market report transcript
DC Motors Global Market Outlook
- The APAC will continue to dominate the market, in terms of supply and demand for DC motors. The demand in the region is expected to be driven by increasing demand from major end-use industries, such as Consumer Electronics & Appliances, Automotive, HVAC, etc., led by increasing disposable income and urbanization & industrialization trends
Impact of COVID-19 on DC Motors Industry
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Post recovery of activities by major industries, building resilient supply chain has become the top priority. Local sourcing, reduced dependency on China/single large source, increased automation, etc., are few of the supply chain risk mitigation strategies in discussion by industry majors.
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Due to supply chain uncertainties created by the COVID-19 pandemic, buyers from varied industries have planned to reduce their dependencies on global sourcing by developing strategies to engage with local suppliers, thereby ensuring uninterrupted supply of parts/components.
Global DC Motors Market: Drivers and Constraints
Industry Drivers
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Increasing demand from major end-use industries, such as Consumer Electronics, Automotive, HVAC, etc., is expected to drive the demand for DC motors globally
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Regulations demanding that consumers upgrade to higher efficiency motors is expected to boost motor sales globally. Development of new electric motor technologies, such as compact and modular motors, BLDC motors with integrated speed controllers, etc., are expected to boost their demand in new and existing applications
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Development of new electric motor technologies is expected to boost use of such products in new applications. Major manufacturers are increasing spend on R&D, so as to differentiate their products from those of competitors
Constraints
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Raw material accounts for more than 70 percent of motor cost, volatility in raw material prices is expected to have negative impact on the market
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High maintenance (high power applications) required for DC Motors may also restrain the market for industrial DC Motors
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Various barriers to adoption of high-efficiency motors involve customer sentiment, such as buyers being cost oriented and focusing on short-term savings as opposed to life cycle cost assessments
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Existing and threatened trade protectionism, arising from trade disputes between nations could pose a serious concern
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