Ac/Dc Motor Market Overview in the European Union
In value terms, ac/dc motor production totaled $12.4B in 2010 estimated in export prices. In general, ac/dc motor production, however, continues to indicate an abrupt deduction. The pace of growth was the most pronounced in 2008 with an increase of 9% y-o-y. In that year, ac/dc motor production attained its peak level of $15.3B. From 2009 to 2010, ac/dc motor production growth failed to regain its momentum.
Italy (47M units) remains the largest ac/dc motor producing country in the European Union, comprising approx. 39% of total production. Moreover, ac/dc motor production in Italy exceeded the figures recorded by the region's second-largest producer, Romania (14M units), threefold. France (13M units) ranked third in terms of total production with a 11% share.
From 2007 to 2010, the average annual rate of growth in terms of volume in Italy stood at -6.0%. In the other countries, the average annual rates were as follows: Romania (-1.0% per year) and France (-2.3% per year).
The revenue of the ac/dc motor market in the European Union amounted to $42.5B in 2010, waning by -1.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, ac/dc motor consumption, however, continues to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2008 with a decrease of -1% against the previous year. Over the period under review, the ac/dc motor market attained its maximum level at $54.2B in 2007; however, from 2008 to 2010, consumption stood at a somewhat lower figure.
In Italy, ac/dc motor consumption contracted by an average annual rate of -5.9% over the period from 2007-2010. In the other countries, the average annual rates were as follows: France (+1.0% per year) and Germany (-9.4% per year).
In value terms, the UK ($22.4B) led the market, alone. The second position in the ranking was occupied by Germany ($5.7B). It was followed by Spain.
In the UK, the ac/dc motor market shrank by an average annual rate of -5.7% over the period from 2007-2010. The remaining consuming countries recorded the following average annual rates of market growth: Germany (-11.7% per year) and Spain (-15.4% per year).
The countries with the highest levels of ac/dc motor per capita consumption in 2010 were Italy (737 units per 1000 persons), Romania (645 units per 1000 persons) and Hungary (529 units per 1000 persons).
From 2007 to 2010, the most notable rate of growth in terms of ac/dc motor per capita consumption, amongst the main consuming countries, was attained by Romania, while the other leaders experienced more modest paces of growth.