Motor Lamination Market - By Material Type (Steel, Nickel Alloys, Cobalt Alloys), By Technology (Welding, Bonding), By Electric Vehicle Type (Battery Electric Vehicles, Hybrid Electric Vehicles, Plug-in Hybrid Electric Vehicles), By Vehicle Type & Forecast, 2024 - 2032

Motor Lamination Market Size

Motor Lamination Market will register significant growth between 2024 and 2032 as researchers push the boundaries of motor technology. These specialized laminations are integral to creating efficient and high-performing motors tailored to specific applications.
 

For instance, in June 2023, a team of engineers at MIT was in the process of developing a 1MW motor, which could serve as a crucial milestone in the quest to electrify larger aircraft. They meticulously designed and tested the principal components of the motor, demonstrating through comprehensive computations that these components can function together seamlessly to produce one megawatt of power. An essential step in this endeavor involved validating the stator core loss estimate through experimental testing on toroidal samples and full-size stator laminations. Moreover, the lamination bonding process was observed to increase the core loss of Fe-Co-V material by a factor of 1.2.
 

With advancements in fields like electric vehicles, robotics, and renewable energy, the need for precision-engineered laminations is paramount. This trend reflects a growing emphasis on energy efficiency and performance optimization across various industries. As such, the motor lamination industry is propelled by the relentless pursuit of innovation in motor design and functionality.
 

The motor lamination market experiences a surge in demand driven by intensified research and development efforts aimed at enhancing motor speeds. As engineers and researchers explore ways to optimize motor performance, there is a growing need for specialized laminations capable of withstanding higher speeds while maintaining efficiency. This trend underscores a broader industry focus on improving the speed and agility of various motor-driven applications, from electric vehicles to industrial machinery. Consequently, the Motor Lamination industry witnesses heightened demand as it plays a pivotal role in supporting these advancements.
 

For instance, in September 2022, engineers at the University of New South Wales (UNSW) developed a high-speed motor poised to revolutionize electric vehicles (EVs) by offering a superior power-to-weight ratio compared to current technology. Surpassing previous benchmarks, the motor achieved remarkable milestones, doubling the existing high-speed record for laminated Interior Permanent Magnet Synchronous Motors (IPMSMs). Clocking speeds of 100,000 revolutions per minute, it stood as the fastest IPMSM constructed using commercially available lamination materials to date.
 

While the motor lamination market experiences growth, several restraints hinder its progress. Supply chain disruptions, driven by raw material shortages and transportation challenges, can impede manufacturing operations and limit market accessibility. Additionally, stringent regulations regarding environmental sustainability and energy efficiency standards pose compliance burdens on manufacturers, potentially increasing production costs. Market saturation and intense competition also present challenges for companies striving to differentiate their products. Overcoming these obstacles requires strategic adaptation and innovation to navigate the complexities of the motor lamination industry.
 

Motor Lamination Market Trends

Leading companies in the motor lamination sector are expanding their businesses globally, driving significant trends in the industry. These companies are leveraging technological advancements to enhance manufacturing processes, improve product quality, and meet the evolving needs of diverse markets worldwide. Additionally, strategic partnerships and acquisitions are enabling them to access new markets and broaden their customer base. As a result, the Motor Lamination sector is experiencing increased globalization, with leading companies establishing a strong presence in key regions to capitalize on emerging opportunities and drive further growth.
 

Citing an instance, in January 2023, EuroGroup Laminations, an Italian manufacturer of electric motor components, announced its intention to initiate a new share offering in Milan, signaling a revival in public listings after a challenging 2022. The IPO market faced a slowdown due to market volatility induced by events such as Russia's invasion of Ukraine and escalating interest rates. In Italy, only six companies, primarily small firms, were listed on the main market. EuroGroup intended to issue up to 250 million euros in newly issued shares, along with existing shares sold by various shareholders, including a subsidiary of French private equity firm Tikehau Capital, as outlined in a statement released by the company.
 

Motor Lamination Market Analysis

The most common material used for motor lamination is silicon steel, sometimes referred to as electrical steel. Steel is more electrically resistant, more permeable to magnetic fields, and has less hysteresis loss when silicon is added to it. However, silicon in silicon steel may reduce corrosion. Hence, the use of motor laminations helps to improve the functional qualities of motor units along with reducing machine losses.
 

Based on the electric vehicle type, the Battery Electric Vehicle (BEV) segment of the motor lamination market is estimated to be a significant market, primarily driven by the increasing demand for electric vehicles worldwide. Motor lamination is a crucial component in the construction of electric motors used in BEVs; thus, the growth of the BEV segment is likely to directly impact the demand for motor laminations. BEVs are gaining popularity globally as they are considered eco-friendly and emit lower levels of harmful gases compared to conventional vehicles.
 

The passenger car market is witnessing significant growth globally, fueled by rising disposable incomes, changing consumer preferences, and increasing urbanization. Moreover, the demand for electric vehicles is also increasing in the passenger car segment owing to their eco-friendly & energy-efficient nature. Governments around the world are promoting the adoption of electric vehicles by offering incentives & subsidies, further augmenting the growth of the passenger car segment. Furthermore, technological advancements have led to the development of high-performance motors in electric vehicles, which require efficient motor laminations.
 

China has become a leading export center for vehicle manufacturing due to the availability of cheap capital, raw materials, and skilled labor. Asia Pacific motor lamination market has become the center of automotive production in recent years. The growing vehicle production in the region can primarily be attributed to the government's supportive regulatory policies, such as the Make in India initiative. Because engines power the majority of the key automation and upgrades for performance enthusiasts, safety, and comfort in cars, it stands to reason that the demand for motor lamination industry will rise in tandem.
 

Motor Lamination Market Share

Major companies operating in the motor lamination industry competitive landscape include:

• Tempel
• Euro Group Lamination
• R Bourgeois
• Lawkim Motors
• Lamination Specialties

These companies offer a wide range of products & services, including high-quality laminations for various motor applications, customization services, and technical support.
 

Motor Lamination Industry News

In March 2023, EuroGroup Laminations Spa announced a rise in first-quarter revenues, reaching EUR229.8 million compared to EUR191.2 million in the corresponding period last year. The surge was primarily attributed to the EV & Automotive segment, which experienced significant growth, more than doubling from the same period in 2022, with revenues escalating from EUR55.9 million to EUR116.4 million. 

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