Key Market Indicators
Canadian DC motor exports are projected to reach $46 million by 2028, up from $42 million in 2023, representing an annual compound growth rate (CAGR) of 1.5%. Since 1994, the supply of DC motors from Canada has increased by an average of 2.3% annually. In 2023, Canada ranked 12th in global DC motor exports, with Serbia slightly ahead at $42 million. Germany, the United States, and France occupied the second, third, and fourth positions, respectively. On the import side, Canada is expected to see a significant rise in DC motor imports, reaching approximately $252 million by 2028 from $208 million in 2023. This marks an average annual growth rate of 3%. Canadian demand for DC motors has surged by 10.5% per year on average since 1994.
