Press release
Electric Motor Core Market Share Accelerated by Electrification, EV Penetration, and High-Efficiency Motor Demand
Electric Motor Core Market SizeThe global market for Electric Motor Core was valued at US$ 16490 million in the year 2024 and is projected to reach a revised size of US$ 26580 million by 2031, growing at a CAGR of 7.2% during the forecast period.
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Overall Market Overview
The Electric Motor Core Market is experiencing strong market growth driven by global electrification trends, rapid expansion of electric vehicles (EVs), and increasing demand for high-efficiency motors across industrial and consumer applications. Motor cores, as the electromagnetic backbone of electric motors, play a critical role in performance, energy efficiency, and power density. Market size expansion is supported by advancements in precision stamping, high-grade electrical steel, and growing adoption of automation and electrified mobility solutions, reinforcing a positive long-term market forecast.
Type Segment Analysis
Induction motor cores account for a significant market share due to their widespread use in industrial machinery, home appliances, and general-purpose motors, valued for durability and cost efficiency. Synchronous motor cores are witnessing accelerated market growth, driven by rising adoption in electric vehicles and high-efficiency industrial systems where precise speed control and reduced energy losses are critical. DC motor cores maintain steady demand, particularly in automotive accessories, small appliances, and specialized motion control applications.
Application Segment Analysis
The automotive industry main motor segment represents the fastest-growing application, fueled by the rapid penetration of electric and hybrid vehicles and increasing production of traction motors. Automotive motor accessories, including steering, braking, and thermal management systems, contribute significantly to overall market share due to rising vehicle electrification levels. Industrial machinery remains a stable demand pillar, supported by automation, robotics, and energy-efficient motor upgrades, while home appliances continue to drive volume consumption through motors used in HVAC systems, washing machines, and refrigerators.
Company Analysis
Global and regional manufacturers such as Mitsui High-tec, POSCO Mobility, JFE Shoji, Toyota Boshoku, and R. Bourgeois hold substantial market share through advanced lamination technologies, high-precision tooling, and strong partnerships with OEMs. Chinese suppliers including Changying Xinzhi Technology, Suzhou Fine-Stamping Machinery & Technology, Jiangsu Lianbo Precision Technology, and Changzhou Shengli Electrical Machine are rapidly expanding capacity and improving technological capabilities. The competitive landscape is characterized by continuous investment in thinner laminations, low-loss materials, and scalable manufacturing to meet EV and industrial demand.
Regional Analysis & Market Forecast
Asia-Pacific dominates global market share, led by China, Japan, and South Korea, due to concentrated motor manufacturing, robust EV supply chains, and strong demand from industrial and consumer sectors. Europe follows, supported by stringent energy-efficiency regulations and strong automotive electrification initiatives. North America demonstrates steady market growth driven by EV adoption, industrial automation, and reshoring of manufacturing activities. Emerging demand in Southeast Asia and Latin America is supported by expanding manufacturing bases and increasing electrification. The market forecast remains optimistic, supported by sustained EV growth, efficiency mandates, and material innovation.
Which regions currently lead the global Electric Motor Core market?
Asia-Pacific leads the market due to its dominance in motor manufacturing, EV production, and electrical steel processing. Europe and North America follow, supported by automotive electrification and industrial efficiency upgrades.
Who are the key players in the Electric Motor Core market share landscape?
Leading companies include Mitsui High-tec, POSCO Mobility, JFE Shoji, Toyota Boshoku, and R. Bourgeois, alongside fast-growing Chinese manufacturers expanding both domestic and international market presence.
What are the primary drivers fueling Electric Motor Core market growth?
Key drivers include rising EV production, demand for energy-efficient motors, industrial automation, advancements in electrical steel materials, and increasing electrification across transportation and manufacturing sectors.
What challenges or restraints impact the Electric Motor Core market?
Major challenges include volatility in electrical steel prices, high capital investment for precision stamping equipment, stringent quality requirements for EV applications, and supply chain disruptions.
Which motor core type holds the largest market share?
Induction motor cores currently hold the largest market share due to their extensive use across industrial machinery and home appliances, while synchronous motor cores are gaining share rapidly in EV applications.
How is EV adoption influencing Electric Motor Core market dynamics?
EV adoption is driving demand for high-precision, low-loss motor cores with thinner laminations and higher power density, significantly reshaping technology requirements and supplier competitiveness.
What is the future outlook for Electric Motor Core demand?
Demand is expected to grow steadily as electrification expands across automotive, industrial, and consumer sectors, reinforcing a positive long-term market forecast.
What role does advanced manufacturing technology play in this market?
Advanced manufacturing techniques such as high-speed stamping, laser welding, and automated stacking improve efficiency, reduce losses, and enhance scalability, making them critical to future market competitiveness.
by Type
• DC Motor Core
• Synchronous Motor Core
• Induction Motor Core
by Application
• Automotive Industry Main Motor
• Automotive Industry Motor Accessory
• Industrial Machinery
• Home Appliance
• Others
By Company
Mitsui High-tec, Changying Xinzhi Technology Co., Ltd., POSCO Mobility, JFE Shoji, Suzhou Fine-Stamping Machinery & Technology Co., Ltd, Jiangsu Lianbo Precision Technology Co., Ltd., Changzhou Shengli Electrical Machine, Jiangsu Tongda Power Technology Co.,Ltd., Henan Yongrong Power Technology Co.,Ltd, Anhui Feixiang Electric, Zhejiang Shiri Electromechanical Technology Co., Ltd., R.bourgeois, Wenzhou Qihang, Foshan Precision Power Technology, Yuma, Toyota Boshoku, Xulie Electromotor
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