Global Motor Lamination Market Report and Forecast 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