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This study identifies the most recent economic and technological trends in the global motor services industry and analyzes the short, medium, and long-term growth prospects. It examines how the shifting landscape and evolving end-user expectations are driving demand for smarter motor solutions that solve major obstacles end users confront. Today’s industrial requirements are spurring the adoption of digital solutions across industries and creating new revenue opportunities for OEMs and end users by leveraging the data these solutions collect. The research examines the evolution of motor maintenance, from an in-house service to a predictive analytics-based service. It elaborates on how, as technology use increases, the need for individual service providers will slowly fade as OEMs are offering an array of bundled services to improve their stakeholder management.

Finally, this research offers three lucrative growth opportunities for the motor services market. Frost & Sullivan identifies these growth opportunities as critical enablers that unlock new revenue streams and deliver differentiated motor products and services.