Motor Lamination Market to Reach $35.16 Billion by 2032, Expanding at a 4.90% CAGR

The global motor lamination market is expected to grow at growth rate of 4.90% to reach USD 35,160.97 Million by 2032.

Motor lamination is a vital process in the production of electric transformers and motors, involving the stacking of thin electrical steel sheets to create a core. This method is essential for minimizing eddy current losses, thereby boosting the efficiency and overall performance of these devices. The steel sheets used in lamination are coated with an insulating layer to reduce electrical losses and enhance thermal management. Furthermore, the precise design of the laminations helps optimize motor operation by efficiently directing magnetic flux, reducing energy dissipation, and improving power output. By reducing energy losses, motor lamination increases durability, reliability, and efficiency in a variety of industrial and commercial applications. As the demand for high-performance electric motors rises—especially in the automotive, energy, and manufacturing sectors—advancements in lamination materials and techniques are driving innovation and improving motor efficiency in an increasingly electrified world.

Industry demand is expected to grow in line with the rising need for electric vehicles (EVs), driven by the increasing preference for high-performance motors made from advanced silicon-based materials and high-performance electrical steels used in motor laminations. These factors are fueling motor demand and promoting the development of technologies that will accelerate market growth. However, the complex manufacturing processes involved in lamination production and the high costs associated with producing premium electrical steel may pose challenges to market expansion. On the other hand, ongoing innovations in material science, such as non-oriented electrical steels and advanced insulation coatings, present profitable opportunities for manufacturers to offer more customized and efficient lamination solutions. Additionally, the growing adoption of robotics and automation across various industries, which requires cutting-edge, high-performance motor laminations, further strengthens the market’s growth potential.

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The market is segmented into four categories based on material: silicon steel, cold-rolled lamination steel, nickel alloys, and cobalt alloys. The cobalt alloy sector is expected to maintain market leadership throughout the forecast period. The growing significance of cobalt alloys stems from their exceptional magnetic properties, which are vital for high-efficiency motor performance, particularly in applications that require strong magnetic fields at high temperatures. With high saturation magnetization and minimal power loss, cobalt alloys are ideal for demanding applications such as aerospace, electric vehicles (EVs), and high-performance industrial motors, where efficiency and reliability are paramount.

The market is further divided into three categories based on technology: stamping, welding, and bonding. The stamping sector is expected to remain dominant, as it is a highly refined manufacturing process that plays a key role in enhancing electric motor performance and efficiency. This method involves cutting and shaping laminations from electrical steel sheets, a critical step in reducing energy losses and forming the magnetic cores of motors. The stamping segment continues to grow, driven by the increasing adoption of electric vehicles and a stronger focus on energy efficiency across various industries. The market is also divided into three categories based on application: magnetic coils, transformers, and electrical stators/rotors. The magnetic coils sector is experiencing significant growth, driven by their essential role in the production of magnetic coils, which are key components in generators and electric motors. Motor laminations, made from stacked thin electrical steel sheets, form the core of these coils, reducing eddy current losses and boosting motor efficiency and performance. The rising demand for high-efficiency motors, which use advanced laminations in their magnetic coils, is driven by increasing regulatory pressures and growing awareness of energy consumption reduction.

KEY BENEFITS OF THE REPORT:

• Insights into strategies adopted by key players to maintain competitiveness.
• Comprehensive analysis of the leading companies shaping the competitive landscape.
• Examination of the key drivers fuelling global market growth.
• Identification of the geographic regions expected to experience the highest growth.
• Detailed evaluation of the current market conditions and future growth projections.

The motor lamination market is growing, primarily driven by the increasing global demand for luxury vehicles. As concerns about environmental degradation and air pollution rise, automakers are developing vehicles that meet local regulations, spurred by heightened public awareness of the harmful effects of vehicle emissions. Companies distribute their products through a range of channels, including wholesalers, corporate websites, retailers, end consumers, and e-commerce platforms. Leading market players strengthen their presence through key strategies such as investments in R&D, product launches, partnerships, mergers, and acquisitions. For instance, in January 2024, Eurogroup Laminations (EGLA.MI), a manufacturer of electric motor components, announced a €50 million ($55 million) investment to expand its manufacturing capacity in Mexico to support the growing automotive industry.

Market Segmentation

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL MOTOR LAMINATION MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

Ø Thomas Laminations

Ø Eurogroup S.P.A

Ø R. Bourgeois

Ø Lamination Specialties Incorporated

Ø Hyundai Rotem Co

Ø Pitti Laminations Ltd.

Ø Polaris Laser Laminations, LLC.

Ø Tempel

Ø Wingard & Co., Inc.

Ø LCS Company

Ø Partzsch Elektromotoren E.K.

Ø Precision Micro Ltd

Ø Lake Air Companies

Ø Others

GLOBAL MOTOR LAMINATION MARKET, BY MATERIAL- MARKET ANALYSIS, 2019 - 2032

Ø Silicon Steel

Ø Cold-Rolled lamination Steel

Ø Nickel Alloys

Ø Cobalt Alloys

GLOBAL MOTOR LAMINATION MARKET, BY TECHNOLOGY- MARKET ANALYSIS, 2019 - 2032

Ø Stamping

Ø Welding

Ø Bonding

GLOBAL MOTOR LAMINATION MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032

Ø Magnetic Coils

Ø Transformers

Ø Electrical Stators/Rotors

GLOBAL MOTOR LAMINATION MARKET, BY END-USE- MARKET ANALYSIS, 2019 - 2032

Ø Automotive

Ø Manufacturing

Ø Electronics

GLOBAL MOTOR LAMINATION MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

North America

U.S.

Canada

Europe

Germany

Uk

France

Italy

Spain

The Netherlands

Sweden

Russia

Poland

Rest Of Europe

Asia Pacific

China

India

Japan

South Korea

Australia

Indonesia

Thailand

Philippines

Rest Of Apac

Latin America

Brazil

Mexico

Argentina

Colombia

Rest Of Latam

The Middle East And Africa

Saudi Arabia

Uae

Israel

Turkey

Algeria

Egypt

Rest Of Mea

o Algeria

o Egypt

o Rest of MEA