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The Impact of Increasing Vehicle Sales On The Motor Lamination Market: A Significant Driver Propelling The Motor Lamination Market In 2025
The Motor Lamination Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Motor Lamination Market Size and Projected Growth Rate?
The motor lamination market has experienced significant growth recently. It will expand from $21.6 billion in 2024 to $23.09 billion in 2025 at a CAGR of 6.9%. Key growth factors have included increased adoption of electric vehicles, stricter global energy regulations, automation growth in manufacturing, the development of renewable energy infrastructure, and wider use of electric motors across industries.
The motor lamination market is expected to grow steadily, projected to reach $29.81 billion by 2029, with a CAGR of 6.6%. This growth is driven by the continued rise of the EV market, development of new materials, focus on reducing carbon footprints, growth in renewable energy, urbanization in developing countries, and greater investment in R&D. Trends include the use of high-performance materials, smaller and lighter motor designs, development of smart motors with IoT connectivity, advanced manufacturing processes, and increased demand for customized motor laminations.
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What Are the Major Segments in the 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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What Are The Driving Motor Lamination Market Evolution?
On the automotive side, the motor lamination market is benefitting from the rising vehicle sales, which highlight the increasing need for effective motor components. Motor lamination helps improve the efficiency and performance of electric motors, especially in vehicles where energy conservation and optimal motor function are key to reducing emissions and improving sustainability.
Which Firms Dominate The Motor Lamination Market Segments?
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 Trends Are Expected to Dominate the Motor Lamination Market in the Next 5 Years?
Major participants in the lamination market are introducing products such as variable frequency drives to improve precision and efficiency. In March 2024, INVT launched the GD20 VFD for accurate lamination, enhancing adhesive application, temperature control, and material alignment for a consistent product.
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Which Is The Largest 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Motor Lamination Market?
2. What is the CAGR expected in the Motor Lamination Market?
3. What Are the Key Innovations Transforming the Motor Lamination Industry?
4. Which Region Is Leading the Motor Lamination Market?
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