Motor Lamination Market Analysis | 2024-2030

Market Insights

The motor lamination market was estimated at USD 25.4 billion in 2024 and is likely to grow at a CAGR of 4.8% during 2024-2030 to reach USD 33.7 billion in 2030.

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Market Dynamics

Introduction

Motor lamination is a term used to describe thin sheets of steel layered on top of one another to create the core of electric motors, minimizing energy losses through eddy currents. The laminations are insulated from one another and increase motor efficiency. Motor lamination is used in electric motors, transformers, generators, and other electromagnetic devices that need efficient magnetic flux.

The motor lamination industry is experiencing strong growth, driven by the spread of electric mobility, smart devices, and automated systems. Developments in silicon steel grades and advanced die tooling improve magnetic flux density and reduce core losses. Mandates from regulations for increased efficiency requirements in electric drives also drive higher adoption.

Market Drivers

Surge in Electric Vehicle Production

The worldwide electric vehicle (EV) market is estimated to grow to 372.38 million units by 2030, with a strong demand for high-performance motor laminations. With increasing EV manufacturing, the demand for light, high-torque motors increases. High-performance motor laminations with superior magnetic properties are key to improving energy efficiency, reducing core losses, and enhancing traction motor performance. This increase in EV manufacturing directly influences the demand for high-end laminations with lower power loss and improved thermal conductivity, essential for achieving strict emission standards and increasing overall motor efficiency.

Market Challenges

Increased Initial Investments in Lamination Technologies

The manufacturing process of motor lamination sheets involves several processes, such as bonding, welding, and stamping, all of which need huge investments in sophisticated machinery. R. Bourgeois and Tempel make use of advanced technologies, such as the Full-bond process and Glulock, to improve motor efficiency. But the exorbitant prices of specialized equipment, such as stacked stator lamination welding equipment (USD 30,000) and stamping equipment (USD 50,000), coupled with their high energy needs and maintenance costs, pose economic burdens. They add to the total capital cost, which could be a limitation to the development of the motor lamination market.

Market Opportunities

Technological Advancements in Lamination Sheets

The performance of the motor is directly affected by the quality of these sheets. With time, lamination manufacturing technologies have been aimed at minimizing fabrication costs and reducing production time. Important methods such as bonding, stamping, and welding are widely used in the production of lamination sheets. The application of precision techniques makes it possible to fabricate the rotor and stator from the same material. New technologies like the full bond technique and Glulock technology are likely to have a strong influence on the motor lamination market, leading demand for high-performance laminations with enhanced efficiency and durability during the forecast period.

Recent Developments

In March 2023, EuroGroup Laminations Spa registered first-quarter revenues of EUR229.8 million, compared to EUR191.2 million last year. The increase was largely attributed to the EV and Automotive segment, which experienced spectacular growth, almost doubling from 2022's same period, with revenues increasing from EUR55.9 million to EUR116.4 million.

Segments Analysis

By Electric Vehicle Type Analysis

“The BEV segment for the motor lamination market is estimated to be the largest market during the forecast period.”

Battery Electric Vehicles (BEVs) are the leader in the motor lamination sector today, occupying a 58.1% share of the EV market with the world in the process of shifting towards zero-emission transportation. Incentives from the government and progress in battery technology have propelled BEV adoption rates, raising the demand for motor laminations to improve motor efficiency. Initiatives such as the EU's planned 2035 petrol/diesel ban and China's goal for 40% EV sales in 2030 also drive the trend. Further, BEVs are increasingly incorporating advanced automotive solutions to enhance performance and comfort, thus becoming more dependent on precision-engineered lamination stacks.

By Vehicle Type Analysis

“Passenger Car segment for the motor lamination market is estimated to be the largest market during the forecast period.”

The passenger car segment is likely to dominate the market share in the motor lamination market for the vehicle type. With increasing investments in R&D and manufacturing capacity of leading automotive players across various regions, the demand for motors for comfort and safety applications is sure to register growth. Adoption of strict safety regulatory requirements necessitates the utilization of ABS and electronic stability controls, ultimately leading to increased demand for motors. Growing demand for luxury and premium cars with extra comfort applications, motors will be expected to drive the demand for motors and, consequently, the market through the forecast period.

Regional Analysis

“Asia Pacific is likely to be the largest market during the forecast period.”

Asia Pacific has also become a hub for motor vehicle production in recent times. The rise in motor vehicle production in the region is mainly due to the enabling regulatory policies of the government, such as 'Make in India'. China has become the top export hub for motor vehicle production because of the availability of low-cost capital, raw materials, and a skilled workforce to serve other regions. Almost all major automations and additions to performance, safety, and comfort in cars are primarily motor-powered, which means the demand for motor laminations will increase in tandem with the demand for motors. Therefore, taking into account the above points, it is clear that the market for motor lamination will increase considerably in the years to come.

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Key Players

Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the motor lamination market:

• Pitti Laminations Ltd.
• Tempel
• Bourgeois
• Eurogroup S.P.A
• Lamination Specialties
• Alinabal Inc.
• Partzsch Group
• Wingard & Co.
• Lcs Company
• United States Steel Corporation

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trends and forecasts. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The motor lamination market is segmented into the following categories:

By Application Type

• Performance
• Comfort
• Safety

By Technology Type

• Welding
• Bonding
• Stamping
• Others

By Motor Type

• Electric Water Pump Motor
• Radiator Cooling Fan Motor
• Electronic Throttle Valve Control Motor
• Electronic Variable Gear Ratio Motor
• Electronic Variable Valve Timing Motor
• Variable Nozzle Turbo Motor
• Adjustable Pedal Motor
• Electric Power Steering Motor
• Wiper Motor
• Starter Motor
• EGR Motor
• Fuel Pump Motor
• Power Antenna Motor
• Air Conditioner Motor
• Door Mirror Motor
• Power Window Motor
• Tilt Steering Column Motor
• Blower Motor
• Power Seat Motor
• Electric Sunroof Motor
• Door Closer Motor
• Cruise Control Motor
• Adaptive Front Light Motor
• Electronic Stability Control Motor
• ABS Motor
• Electronic Parking Brake Motor

By Vehicle Type

• Passenger Cars
• Light Commercial Vehicles
• Trucks
• Buses

By Material Type

• Cold Rolled Non-Oriented Steel
• Cold Rolled Non-Grained Oriented Steel
• Other Materials

By Electric Vehicle Type

• BEV (Battery Electric Vehicles)
• PHEV (Plug-In Hybrid Electric Vehicles)
• FCEV (Fuel-Cell Electric Vehicles)

Electric Vehicle Motor Lamination Market, by Application Type

• Performance
• Comfort
• Safety

All-Terrain Vehicle Motor Lamination Market, by Application Type

• Performance
• Comfort
• Safety

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, Italy, The UK, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s motor lamination market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respected clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances.

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