Motor Lamination

Global Motor Lamination Market to Reach US$28.5 Billion by 2030

The global market for Motor Lamination estimated at US$18.3 Billion in the year 2024, is expected to reach US$28.5 Billion by 2030, growing at a CAGR of 7.6% over the analysis period 2024-2030. Cold Rolled Non-Oriented (CRNO), one of the segments analyzed in the report, is expected to record a 7.6% CAGR and reach US$14.8 Billion by the end of the analysis period. Growth in the Cold Rolled Non-Grain Oriented (CRNGO) segment is estimated at 8.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$4.7 Billion While China is Forecast to Grow at 11.1% CAGR

The Motor Lamination market in the U.S. is estimated at US$4.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.8 Billion by the year 2030 trailing a CAGR of 11.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.8% and 6.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.7% CAGR.

Global Motor Lamination Market - Key Trends and Drivers Summarized

How Is Motor Lamination Enhancing Electric Motor Efficiency?

Motor lamination plays a crucial role in enhancing the efficiency and performance of electric motors by reducing energy losses. These laminations are thin sheets of electrical steel stacked together to form the core of electric motors. By minimizing eddy current losses, which occur due to the swirling of electric currents inside the core material, laminations improve the motor`s energy efficiency. This is particularly important for industries such as automotive, aerospace, and industrial machinery, where electric motors are used extensively. The push for energy efficiency, driven by regulatory mandates and sustainability goals, is making motor lamination a critical component in modern motor design. The motor lamination market includes various types of laminations, such as rotor laminations, stator laminations, and armature laminations. Each serves a unique purpose in reducing magnetic losses in different parts of the motor. Different grades of electrical steel are used for manufacturing these laminations based on their magnetic properties and thickness. Companies are focusing on developing advanced materials that offer high magnetic permeability and low core loss to further improve motor efficiency. The increasing use of electric vehicles (EVs), with their high demand for efficient electric motors, is significantly influencing the market.

What Are the Key Trends Impacting the Motor Lamination Market?

Several trends are shaping the motor lamination market, including the growing adoption of electric vehicles, advancements in electrical steel materials, and the increasing focus on renewable energy. The rapid shift toward electric mobility is one of the primary drivers of demand for motor laminations, as automakers aim to improve the efficiency of electric traction motors. In addition, the development of new grades of electrical steel with lower core losses and higher magnetic performance is expanding the potential applications for laminated cores. The transition to renewable energy sources, such as wind and solar, is also contributing to the growth of the motor lamination market. These energy sources require electric motors for power generation and distribution, and higher efficiency motors with advanced lamination techniques can help optimize the performance of wind turbines and other renewable systems. The industry is also seeing a shift towards automation and robotics, where laminated motors are used in precision machinery, further driving market growth.

How Do Different Applications Shape the Motor Lamination Market?

Applications include electric motors for automotive, industrial machinery, household appliances, and power generation. Among these, the automotive sector, particularly the electric vehicle segment, holds the largest share due to the increasing production of EVs and hybrid electric vehicles (HEVs). In industrial machinery, laminations are used to enhance the efficiency of equipment such as pumps, compressors, and fans. The end-use industries for motor lamination range from automotive and industrial to consumer electronics and aerospace. Each industry requires specific grades and configurations of laminated cores depending on the motor`s design and intended use. Geographically, North America, Europe, and Asia-Pacific are significant markets, with Asia-Pacific leading due to its strong manufacturing base and increasing adoption of electric vehicles. Government initiatives promoting energy-efficient technologies and sustainability are further influencing market growth in these regions.

What Factors Are Driving the Growth in the Motor Lamination Market?

The growth in the motor lamination market is driven by several factors, including the increasing adoption of electric vehicles, rising demand for energy-efficient industrial machinery, and advancements in electrical steel technology. As electric vehicles become more mainstream, the need for efficient electric motors is expanding, which, in turn, drives the demand for high-quality motor laminations. The push for industrial energy efficiency is also encouraging companies to adopt motors with advanced lamination techniques. Additionally, innovations in electrical steel materials that offer lower core losses and better magnetic properties are further enhancing the potential of motor laminations to improve motor performance across various sectors.

SCOPE OF STUDY:

The report analyzes the Motor Lamination market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Material (Cold Rolled Non-Oriented (CRNO), Cold Rolled Non-Grain Oriented (CRNGO), Other Materials); Technology (Bonding, Welding, Other Technologies); Application (Performance, Comfort, Safety)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• Advanced Technology & Materials Co., Ltd.
• Alliance Steel
• Big River Steel Limited
• Lamination Specialties, Inc.
• Laser Technologies
• Lawkim Motors Group
• LCS Company
• Partzsch Elektromotoren E.K.
• Pitti Engineering Limited
• R Bourgeois
• Tempel Steel Company, Inc.
• United States Steel Corp.
• Wingard & Co.

TARIFF IMPACT FACTOR

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APRIL 2025: NEGOTIATION PHASE

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