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What fueled the previous growth in the motor lamination market?

In recent years, there has been robust growth in the motor lamination market size. The market which was valued at $21.6 billion in 2024, is projected to increase to $23.09 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.9%. This notable augmentation in the historic period could be due to a surge in the demand for electric vehicles, stringent global regulations concerning energy utilization, expanded automation and application of electric motors within manufacturing processes, the growth of wind and solar energy projects necessitating effective generators, and a heightened use of electric motors.

What will be the motor lamination market size in the future?

The market size for motor laminations is projected to experience significant growth in the approaching years, reaching a whopping $29.81 billion by 2029, progressing at a compound annual growth rate of 6.6%. This expansion during the predicted period can be credited to factors like the ongoing surge in the Electric Vehicle (EV) market, the invention of innovative alloys and composites, a heightened focus on curtailing carbon footprints, persistent growth in installations of renewable energy, rapid urbanization in emerging economies, and augmented investments in R&D. The upcoming period is set to witness key trends such as the amplified utilization of high-grade materials, a shift towards designing smaller, lightweight motors to enhance performance in the automotive industry and portable applications, the proliferation of intelligent motors featuring in-built sensors and Internet of Things (IoT) connectivity for instant monitoring and optimization, the application of cutting-edge manufacturing methods like laser cutting and additive production, and the rising demand for bespoke motor laminations designed to meet unique applications and performance criteria.

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What main drivers are fueling expansion in the motor lamination market?

The motor lamination market’s growth is anticipated to be driven by a surge in vehicle sales. Vehicle sales involve a business transaction where sellers transfer automobile ownership to buyers against payment. With the growing sales, the demand for efficient motor lamination solutions elevates, primarily due to increasing regulatory standards and concerns about sustainability. Motor lamination is used in vehicles to improve the efficacy and performance of electric motors. It plays a crucial role in several critical functions such as propulsion, auxiliary systems, and steering. For example, the National Automobile Dealers Association, an automotive trade association rooted in the US, reported that the sales of new light vehicles surged from 14.93 million units in 2021 to 15.8 million units in 2022 and touched 15.46 million units in 2023. This surge corresponds to a growth rate of 12.4% from 2022 to 2023. Hence, the escalating vehicle sales positively influence the growth of the motor lamination market.

What key areas define the segmentation of 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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Who are the dominant players expanding their reach 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 key trends are currently impacting the motor lamination market’s development?

Key players in the lamination market, like INVT (Shenzhen INVT Electric Co. Ltd.), are concentrating on the creation of upgraded products such as the Variable Frequency Drive (VFD), which improves accuracy, effectiveness, and user control. The GD20 VFD, an example of a Variable Frequency Drive, is a precision instrument which controls motor speed and torque — crucial factors to ensure uniformity in paper feeding and varied speeds in lamination. Back in March 2024, INVT, a China-based company specializing in industrial automation, energy, and power electronics, introduced a lamination system that emphasized accuracy and efficiency. This involved specific attention on precise material alignment, optimal adhesive application and maintaining uniform quality control. Automated positioning systems and registration marks assist in correct material alignment, thus reducing inaccuracies. An evenly spread adhesive along with a controlled environment of temperature and pressure is critical for a sturdy, flawless bond. Frequent machine calibrations, together with properly kept rollers and tension controls, mitigate material alteration and increase precision. Utilizing top-grade laminates and materials appropriate for the specific application further fortifies the final product. Automated quality tests facilitate early detection of problems, thus making the lamination process both dependable and proficient.

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Which regions are emerging as leaders 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.

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