Electric Motors Core Research:CAGR of 6.5% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Electric Motor Core- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.



The global market for Electric Motor Core was US$ 14.12 billion in 2023 and is forecast to a readjusted size of US$ 21.43 billion by 2030 with a CAGR of 6.29% during the forecast period 2024-2030.



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Electric Motors Core Market Summary

According to the new market research report "Global Electric Motors Core Market Report 2024-2030", published by QYResearch, the global Electric Motors Core market size is projected to reach USD 21.43 billion by 2030, at a CAGR of 6.5% during the forecast period.

An electric motor core is a critical component in electric motors, essential for generating and guiding the magnetic field that enables the conversion of electrical energy into mechanical energy. It is typically composed of two parts: the stator core, which remains stationary and holds the winding coils, and the rotor core, which rotates to create mechanical motion. These cores are usually made from laminated silicon steel or other advanced materials to reduce energy losses caused by eddy currents and hysteresis, ensuring efficiency. The motor core supports the flow of magnetic flux and serves as the structural foundation for the motor's operation, making it indispensable for applications ranging from electric vehicles and industrial machinery to household appliances and renewable energy systems.

Global Electric Motors Core MarketSize(US$ Million), 2019-2030
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Above data is based on report from QYResearch: Global Electric Motors Core Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.



Global Electric Motors Core Top10Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
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Above data is based on report from QYResearch: Global Electric Motors Core Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

This report profiles key players of Electric Motors Core such as Mitsui High-tec, Eurotranciatura SpA.

According to QYResearch Top Players Research Center, the global key manufacturers of Electric Motors Core include Mitsui High-tec, Eurotranciatura SpA, Changying Xinzhi Technology, R.bourgeois, Suzhou Fine-Stamping Machinery & Technology, Tempel Steel, POSCO Mobility, JFE Shoji, Jiangsu Tongda Power Technology, Changzhou Shengli Electrical Machine, etc. In 2023, the global top 10 players had a share approximately 27.0% in terms of revenue.



Electric Motors Core,Global Market Size, Split by Product Segment
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Based on or includes research from QYResearch: Global Electric Motors Core Market Report 2024-2030.

In terms of product type, currently DC Motor Core is the largest segment, hold a share of 21.5%.

In terms of product application, currently Automotive Industry Main Motor is the largest segment, hold a share of 14.8%.



Market Trends

Focus on Lightweight and Compact Designs

Manufacturers are innovating to create smaller, lighter motor cores for EVs and portable industrial machinery, improving energy density.

Emerging Markets Growth

Developing regions, particularly in Asia-Pacific, are witnessing increased investment in EV infrastructure, manufacturing facilities, and industrial equipment.

Customization and Specialization

Demand for application-specific motor cores tailored to unique performance requirements is rising, especially in automotive and renewable energy sectors.

Automation in Manufacturing Processes

High-speed stamping, laser cutting, and additive manufacturing are increasingly adopted to improve precision and production efficiency.

Amorphous and Nano-crystalline Cores

The use of advanced core materials like amorphous metal and nano-crystalline alloys is on the rise due to their superior magnetic properties and reduced energy losses.



Market Drivers

Rising Adoption of Electric Vehicles (EVs)

The rapid growth of the EV market is a key driver, as electric motor cores are critical components in EV propulsion systems. Governments and automakers globally are pushing for higher EV adoption, boosting demand for efficient motor cores.

Renewable Energy Growth

Expansion in renewable energy applications, such as wind turbines and solar trackers, relies on efficient electric motors, creating demand for precision motor cores.

Rapid Urbanization and Infrastructure Development

Urbanization in developing countries drives demand for elevators, HVAC systems, and public transport, all of which rely on electric motors, thereby boosting the motor core market.

Growth of Consumer Electronics and Appliances:

Increasing reliance on high-efficiency electric motors in home appliances, from refrigerators to air conditioners, creates steady demand for precision motor cores.



Market Drivers

Raw Material Volatility

Price fluctuations in critical materials like silicon steel, copper, and rare earth magnets can affect profit margins.

High Initial Investment Costs

Advanced machinery and R&D for high-performance motor cores involve significant capital expenditure, which can be a barrier for new entrants.

Technical Complexity

Manufacturing precision motor cores involves complex processes that require skilled labor and advanced machinery, which may pose challenges in scaling production.

Short Lifecycle of EV Technologies

Rapid advancements in EV motors mean motor cores must frequently evolve, increasing R&D pressures and reducing the lifecycle of existing designs.





Conclusion

The global market for Electric Motor Core was estimated to be worth US$ 14.12 billion in 2023 and is forecast to a readjusted size of US$ 21.43 billion by 2030 with a CAGR of 6.29% during the forecast period 2024-2030.

The global key companies of Electric Motor Core include Mitsui High-tec, Eurotranciatura, Changying Xinzhi Technology, R.bourgeois Suzhou Fine-Stamping Machinery & Technology , etc. In 2023, the global five largest players hold a share 20.94 % in terms of revenue.

The electric motor core market maintains a strong global presence, with Asia-Pacific leading the charge thanks to its robust manufacturing base, rapid industrialization, and growing demand for electric vehicles (EVs) and industrial automation equipment. Countries such as China, Japan, and South Korea spearhead the region's growth, driven by substantial investments in EV infrastructure and renewable energy initiatives. Europe follows as a key player, bolstered by stringent energy efficiency regulations and high EV adoption rates, particularly in nations like Germany, France, and the Nordic countries. North America is experiencing steady growth, with the U.S. and Canada prioritizing industrial automation and sustainable energy solutions. Meanwhile, emerging markets in South America and the Middle East are progressively driving demand, fuelled by expanding industrial sectors and renewable energy projects.

The electric motor core market is currently undergoing remarkable growth, propelled by the widespread adoption of EVs, the rising prevalence of industrial automation, and the increasing emphasis on energy-efficient systems. Governments worldwide are enforcing strict energy efficiency standards and promoting electrification across various sectors, generating significant demand for advanced motor cores. Innovations in materials such as silicon steel and amorphous alloys, combined with cutting-edge manufacturing technologies like high-speed stamping and laser cutting, are further enhancing motor core performance and efficiency.

Industry trends reveal a pronounced shift toward lightweight, compact motor core designs tailored to EVs and portable industrial machinery. The integration of smart motors equipped with IoT for predictive maintenance and energy monitoring is gaining momentum. Additionally, the focus on sustainable manufacturing practices and the localization of production is transforming the competitive landscape. However, the market faces notable challenges, including high R&D and manufacturing costs, raw material price volatility, and the technical complexities involved in achieving precision. Global supply chain disruptions and reliance on rare earth materials also exacerbate market pressures.

In conclusion, the electric motor core market is well-positioned for substantial growth, driven by the global transition to electrification, energy efficiency, and sustainable development. Key growth factors include the rapid expansion of the EV industry, advancements in industrial automation, and compliance with stringent energy efficiency regulations. Emerging trends like lightweight designs, material innovation, and the adoption of smart motor technologies are reshaping the industry.

Despite challenges such as high costs, supply chain vulnerabilities, and environmental concerns, the market offers promising opportunities in retrofitting existing systems, heavy industry electrification, and expansion into emerging markets. The market's future success will depend on its ability to strike a balance between innovation, cost management, and environmental sustainability while addressing diverse global and regional needs.







The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.



The Electric Motor Core market is segmented as below:

By Company

Mitsui High-tec
Eurotranciatura SpA
Changying Xinzhi Technology
R.bourgeois
Suzhou Fine-Stamping Machinery & Technology
Tempel
POSCO Mobility
JFE Shoji
Jiangsu Tongda Power Technology
Changzhou Shengli Electrical Machine
Jiangsu Lianbo Precision Technology
Jaingsu Huaxin Precision Technological Corporation
Hidria
Wuxi Longsheng Technology
Zhejiang Shiri Electromechanical Technology
Henan Yongrong Power Technology
Foshan Precision Power Technology



Segment by Type

DC Motor Core
Synchronous Motor Core
Induction Motor Core



Segment by Application

Automotive Industry Main Motor
Automotive Industry Motor Accessory
Electric Bikes, Scooters and Mopeds
Industrial Machinery
Home Appliance
Others



Each chapter of the report provides detailed information for readers to further understand the Electric Motor Core market:

Chapter 1: Introduces the report scope of the Electric Motor Core report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)

Chapter 2: Detailed analysis of Electric Motor Core manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)

Chapter 3: Provides the analysis of various Electric Motor Core market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)

Chapter 5: Sales, revenue of Electric Motor Core in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)

Chapter 6: Sales, revenue of Electric Motor Core in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.



Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Electric Motor Core competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Electric Motor Core comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Electric Motor Core market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.



Other relevant reports of QYResearch:

Global and Japan Electric Motor Core Market Report & Forecast 2024-2030
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Global Electric Motors Core Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application
Global and United States Electric Motor Core Market Report & Forecast 2023-2029

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