According to the research report, the global motor lamination market was valued at USD 21.92 billion in 2023 and is expected to reach USD 44.93 billion by 2032, to grow at a CAGR of 8.4% during the forecast period.
Market Overview:
The motor lamination market is a vital segment within the global motor manufacturing industry, playing a critical role in enhancing the efficiency and performance of electric motors. Motor laminations are thin steel sheets, typically made from electrical steel, stacked together to form the core of an electric motor. These laminations reduce energy losses caused by eddy currents, improving the motor’s overall performance and energy efficiency.
The demand for motor laminations spans various industries, including automotive, industrial machinery, renewable energy, and consumer electronics. With the rapid adoption of electric vehicles (EVs), renewable energy systems, and automation technologies, the motor lamination market is witnessing significant growth. Manufacturers are focusing on innovative designs and advanced materials to meet the evolving requirements of modern motor systems.
Market’s Growth Drivers;
Several factors are driving the growth of the motor lamination market:
- Rising Adoption of Electric Vehicles (EVs): The global shift toward sustainable transportation has led to a surge in the demand for electric motors, which rely heavily on high-quality motor laminations for improved performance and efficiency.
- Expansion of Renewable Energy Infrastructure: Wind turbines and other renewable energy systems require efficient electric motors, boosting the need for advanced motor laminations.
- Industrial Automation Growth: The increasing adoption of automation in manufacturing and other industries has driven the demand for electric motors, fueling the growth of the motor lamination market.
- Focus on Energy Efficiency: Stringent energy efficiency regulations and growing awareness of energy conservation have accelerated the development of high-performance motor laminations.
- Advancements in Material Science: Innovations in electrical steel and other materials are enhancing the properties of motor laminations, contributing to market growth.
Major Key Players:
- Tempel
- Pitti Engineering
- Alinabal
- EuroGroup Laminations
- R. Bourgeois Alliance Steel
- Metglas
- Lawkim Motors Group
- Sinotech
- United States Steel Corporation
- Lamination Specialties Incorporated
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/motor-lamination-market
Recent Developments:
- Extended Warranty for GALVALUME Coils by United States Steel Corporation
In January 2023, United States Steel Corporation announced an update to its warranty policy for GALVALUME coils used in commercial and residential building construction. The new warranties, available to U.S. customers, have been significantly extended to a range of 40 to 60 years, compared to the previous warranty period of 20 to 25 years. This enhancement underscores the company’s commitment to delivering long-lasting and reliable products. - Akoya Capital Partners and PNC Mezzanine Capital Acquire Alinabal
In August 2022, Akoya Capital Partners and PNC Mezzanine Capital acquired Alinabal, marking a strategic transition for the company. With access to new executive leadership expertise and financial resources, the acquisition allowed Alinabal’s long-time owners to transfer ownership to the next generation. This move is expected to drive the company’s growth and expansion in the years ahead.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
The research study includes segmental analysis that divides the market into distinct groups or segments based on common characteristics. With market segmentation, businesses can identify specific customer groups that are more likely to be interested in specific products or services. Also, it enables these businesses to focus their marketing efforts and resources more efficiently, leading to higher conversion rates and improved return on investment. Furthermore, segmentation analysis helps companies develop personalized products or services, which can result in increased customer loyalty and improved customer satisfaction.
Motor Lamination Market, Motor Type Outlook (Revenue, USD Billion, 2019-2032)
- Wiper motor
- Starter motor
- EGR Motor
- Fuel pump motor
Motor Lamination Market, Application Outlook (Revenue, USD Billion, 2019-2032)
- Performance
- Comfort
- Safety
Motor Lamination Market, Vehicle Type Outlook (Revenue, USD Billion, 2019-2032)
- Passenger Cars
- Light Commercial Vehicles
- Trucks
- Bikes
Motor Lamination Market, Material Type Outlook (Revenue, USD Billion, 2019-2032)
- Cold-Rolled Non Oriented Steel
- Cold-Rolled Non Grained Steel
Motor Lamination Market, Technology Type Outlook (Revenue, USD Billion, 2019-2032)
- Welding
- Bonding
- Stomping
Motor Lamination Market, Electric Vehicle Type Outlook (Revenue, USD Billion, 2019-2032)
- BEV
- PHEV
- FCEV
The future of the motor lamination market is closely tied to advancements in electric motor technology and the increasing emphasis on energy efficiency. The growing adoption of electric vehicles and renewable energy systems is expected to drive significant demand for high-performance motor laminations.
𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
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