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Global Motor Lamination Market Size, Growth, Forecast: By Material Type: Steel, Nickel Alloys, Cobalt Alloys, Others; By Technology: Welding, Bonding, Stamping; By Application: Electrical Stators/Rotors, Electric Motors, Magnetic Coils, Transformers, Others; By End Use; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Motor Lamination Market Outlook
The global motor lamination market size reached nearly USD 22.82 billion in 2023. The market is projected to grow at a CAGR of 4.6% between 2024 and 2032 to reach a value of around USD 34.15 billion by 2032.
Key Trends in the Market
Motor lamination refers to a component of an electric motor made up of thin sheets of metal. It forms the core of the stator and rotor of an electric motor to minimise the loss of eddy current.
- The increasing application of motor lamination in battery-powered electric vehicles (BEV) and plug-in hybrid vehicles (PHEV) is driving the market growth. In addition, increasing investments by leading automotive players aimed towards ramping up production capacities of BEVs and PHEVs are further bolstering the motor lamination market growth.
- Rapid industrialisation across developing and developed countries has been propelling the sales of motor-based household appliances and industrial components. This, along with rising standards of living, is bolstering the market for motor lamination.
- Stringent regulations introduced by various governments and increasing efforts by organisations to reduce electricity waste and optimise the efficiency of electronic or mobility products are crucial motor lamination market trends.
Market Analysis
Based on material type, the market is segmented into steel, nickel alloys, and cobalt alloys, among others. The steel segment is further divided based on type into cold rolled non-oriented steel, cold rolled non-grained oriented steel, and silicon steel. On the basis of technology, the market is classified into welding, bonding, and stamping.
By application, the market is divided into electrical stators/rotors, electric motors, magnetic coils, and transformers, among others. The motor lamination market segmentations, based on end use, include automotive industry, electronics industry, and infrastructure industry, among others. The major regional markets for motor lamination include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global motor lamination market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Sinotech Inc.
- Godrej & Boyce Mfg. Co. Ltd.
- Tempel Steel Company
- LCS Company
- HV Wooding Ltd.
- Polaris Laser Laminations LLC
- Partzsch Group
- Thomson Lamination Company
- EuroGroup Laminations S.p.A.
- Pitti Engineering Limited
- Others
Market Share by End Use
The automotive industry accounts for a significant portion of the motor lamination market share. The increasing sales of electric vehicles are considerably boosting the usage of motor lamination to improve motor efficiency.
The rising disposable incomes and an increasing number of working professionals across emerging economies are propelling the automotive sector’s growth, boosting the demand for motor lamination. Moreover, the rising popularity of hybrid EVs and luxury vehicles is further propelling the segment’s growth.
Market Share by Region
As per the motor lamination market analysis, the Asia Pacific is expected to robustly grow in the coming years. This can be attributed to the rapid growth of the automotive sector, driven by a foothold of leading automotive players in countries like Japan and China. Moreover, technological advancements and the growing adoption of electronic products are further fuelling the demand for motor lamination in the region.
Competitive Landscape
Sinotech Inc. is a leading construction engineering company which offers services related to geotechnical engineering, disaster prevention, and vibration control, among others. It was founded in 1970 and is headquartered in Oregon, the United States.
Godrej & Boyce Mfg. Co. Ltd. is a leading engineering company which manufactures, exports, and distributes electric motor lamination and motor components in a variety of electric steel grades. It was established in 1897 and is headquartered in Maharashtra, India.
Tempel Steel Company is a leading manufacturer of precision magnetic steel laminations for autos, motors, and generators, among others. The company was founded in 1945 and is headquartered in Illinois, the United States.
Other motor lamination market players include LCS Company, HV Wooding Ltd., Polaris Laser Laminations LLC, Partzsch Group, Thomson Lamination Company, EuroGroup Laminations S.p.A., and Pitti Engineering Limited, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Material Type |
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Motor Lamination Market Analysis
8.1 Key Industry Highlights
8.2 Global Motor Lamination Historical Market (2018-2023)
8.3 Global Motor Lamination Market Forecast (2024-2032)
8.4 Global Motor Lamination Market by Material Type
8.4.1 Steel
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Cold Rolled Non-Oriented Steel
8.4.1.3.2 Cold Rolled Non-Grained Oriented Steel
8.4.1.3.3 Silicon Steel
8.4.2 Nickel Alloys
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Cobalt Alloys
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Motor Lamination Market by Technology
8.5.1 Welding
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Bonding
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Stamping
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Motor Lamination Market by Application
8.6.1 Electrical Stators/Rotors
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Electric Motors
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Magnetic Coils
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Transformers
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Motor Lamination Market by End Use
8.7.1 Automotive Industry
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Electronics Industry
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Infrastructure Industry
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Others
8.8 Global Motor Lamination Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Motor Lamination Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Motor Lamination Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Motor Lamination Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Motor Lamination Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Motor Lamination Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Sinotech Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Godrej & Boyce Mfg. Co. Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Tempel Steel Company
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 LCS Company
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 HV Wooding Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Polaris Laser Laminations LLC
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Partzsch Group
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Thomson Lamination Company
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 EuroGroup Laminations S.p.A.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Pitti Engineering Limited
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Motor Lamination Market: Key Industry Highlights, 2018 and 2032
2. Global Motor Lamination Historical Market: Breakup by Material Type (USD Billion), 2018-2023
3. Global Motor Lamination Market Forecast: Breakup by Material Type (USD Billion), 2024-2032
4. Global Motor Lamination Historical Market: Breakup by Technology (USD Billion), 2018-2023
5. Global Motor Lamination Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6. Global Motor Lamination Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Motor Lamination Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Motor Lamination Historical Market: Breakup by End Use (USD Billion), 2018-2023
9. Global Motor Lamination Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10. Global Motor Lamination Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Motor Lamination Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Motor Lamination Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Motor Lamination Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Motor Lamination Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Motor Lamination Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Motor Lamination Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Motor Lamination Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Motor Lamination Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Motor Lamination Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Motor Lamination Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Motor Lamination Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Motor Lamination Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 22.82 billion in 2023.
The market is estimated to grow at a CAGR of 4.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 34.15 billion by 2032.
The increasing applications of motor lamination in battery-powered electric vehicles (BEV) and plug-in hybrid vehicles (PHEV), rapid industrialisation across developing and developed countries, and the escalating adoption of electronic products are the major drivers of the market.
The key trends in the market include the stringent regulations of various governments to reduce electricity waste and the rising focus on optimising the efficiency of electronic and mobility products.
Steel, nickel alloys, and cobalt alloys, among others, are the different material types used in motor lamination.
Welding, bonding, and stamping are the major segments based on technologies of motor lamination.
Sinotech Inc., Godrej & Boyce Mfg. Co. Ltd., Tempel Steel Company, LCS Company, HV Wooding Ltd., Polaris Laser Laminations LLC, Partzsch Group, Thomson Lamination Company, EuroGroup Laminations S.p.A., and Pitti Engineering Limited, among others, are the key market players.
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