What Has Been the Growth of the Motor Lamination Market So Far?
The motor lamination market has seen considerable growth due to a variety of factors.
• The motor lamination market has experienced strong growth in recent years. It will rise from $21.6 billion in 2024 to $23.09 billion in 2025, reflecting a CAGR of 6.9%.
The growth is due to the increased demand for electric vehicles, global energy consumption regulations, the growth of automation, and the expansion of renewable energy projects requiring efficient generators.
What Are the Future Growth Projections for the Motor Lamination Market?
The motor lamination market is expected to maintain its strong growth trajectory in upcoming years.
• The motor lamination market is expected to reach $29.81 billion by 2029 at a CAGR of 6.6%.
Growth is fueled by the expansion of the EV market, new materials, a focus on carbon footprint reduction, renewable energy installations, and urbanization. Trends include the use of high-performance materials, smaller motor designs, IoT-enabled smart motors, and advanced manufacturing techniques.
What Are The Core Factors Supporting Growth In The Motor Lamination Market?
The increasing vehicle sales are expected to stimulate the growth of the motor lamination market. As vehicle sales rise, the demand for efficient motor lamination solutions grows due to evolving regulations and sustainability concerns. Motor lamination enhances electric motor efficiency and performance in various vehicle systems. The National Automobile Dealers Association reported in December 2023 that new light vehicle sales in the U.S. increased from 14.93 million units in 2021 to 15.8 million units in 2022, marking a 12.4% growth from 2022 to 2023.
What Are The Major Segments Within The Global Motor Lamination Market?
The motor lamination market covered in this report is segmented –
1) By Material Type: Cold Rolled Non-Oriented Steel, Cold Rolled Non-Grained Oriented Steel, Other Material Types
2) By Technology: Welding, Bonding, Stamping, Other Technologies
3) 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, Other Motor Types
4) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Trucks, Buses
5) By Application: Performance, Comfort, Safety
Subsegments:
1) By Cold Rolled Non-Oriented Steel: Electrical Steel, High Silicon Steel
2) By Cold Rolled Non-Grained Oriented Steel: Non-Grain-Oriented Electrical Steel, High-Performance Non-Grain-Oriented Steel
3) By Other Material Types: Amorphous Steel, Grain-Oriented Electrical Steel, Aluminum-Laminated Steel
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How Are New Trends Impacting The Size Of The Motor Lamination Market?
Top enterprises in the lamination market are concentrating on the creation of innovative products, such as the Variable Frequency Drive (VFD), to improve precision, productivity and consumer control. The GD20 VFD, a vector control drive, effectively manages motor speed and torque with high accuracy, which is key for maintaining steady paper feed and handling different speeds in lamination. For example, in March 2024, industrial automation, energy, and power electronics specialist INVT (Shenzhen INVT Electric Co. Ltd.) of China, launched a lamination process that prioritizes accuracy and efficiency. For a lamination process to be accurate and efficient, an emphasis must be placed on correct material alignment, optimised adhesive use, and consistent quality control. Automated positioning and registration marks can guarantee perfect material alignment, reducing mistakes. Even distribution of adhesive, paired with controlled temperature and pressure, assures a solid, flawless bond. Regular calibration of machines, along with well-maintained rollers and tension controls, avoids material distortion and improves accuracy. Utilising high-grade laminates and materials that are suitable for the task further reinforces the final product, while automatic quality checks aid in early problem detection, leading to a reliable and efficient lamination process.
Who Are the Key Players In The Motor Lamination Market?
Major companies operating in the motor lamination market are:
• United States Steel Corporation
• EuroGroup Laminations S.p.A.
• LCS Company
• Tempel Steel Company
• Pitti Engineering Ltd
• Godrej And Boyce Manufacturing Limited
• Alliance Steel Corporation
• Metglas Inc
• Precision Micro Ltd.
• UPG Enterprises LLC
• Micro Precision Co. Ltd.
• Wingard & Co Inc
• Partzsch Group
• Polaris Laser Laminations LLC
• Sinotech Logistics Co Limited
• Lake Air Companies
• R. Bourgeois SA
• HV Wooding Limited
• Thomson Lamination Company Inc
• TEUK Limited
What Is The Most Dominant Region In The Motor Lamination Market?
Asia-Pacific was the largest region in the motor lamination market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the motor lamination market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
