Motor Lamination Market Report 2022: Sector to Reach $27.6 Billion by 2027 at a 4.7% CAGR

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Jan 23, 2023, 15:30 ET

DUBLIN, Jan. 23, 2023 /PRNewswire/ -- The "Motor Lamination Market by Application (Performance, Comfort, and Safety), Material, Technology, Motor Type (Power Steering & Window, Adaptive front light), ICE & Electric Vehicle, ATV by Application and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The motor lamination market is projected to grow from USD 21.9 billion in 2022 to reach USD 27.6 billion by 2027 at a CAGR of 4.7% during the forecast period. Increasing vehicle sales, developments in autonomous vehicles, and growing sales of luxury vehicles are boosting demand for motors. In addition, the growing demand for safety, performance, and comfort features has increased the number of motors per vehicle. For both these reasons, the demand for motor lamination stacks is growing.

Comfort application motors is expected to be the largest motor lamination market in All-terrain vehicles

The comfort application motors segment is expected to be the largest segment for the All-terrain vehicle motor lamination market during the forecast period. With an increase in the adoption of all-terrain vehicles for varied applications and uses ranging from adventure tourism, farm field touring, and off-road riding to high-end performance drive, which demands a bit of comfort and additional accessories such as electric power steering, powered seats and adaptive light controls are primarily driven by motors and other components. However, the space for comfort motors is limited in the case of ATVs considering that most vehicles are being used for off-roading and thrill driving; the advancements in technology and demand for balanced luxury, the demand for comfort motors will increase in the coming years.

Bonding would be the largest and fastest manufacturing technology for the motor laminations during the forecast period

Bonding technology for manufacturing motor laminations will have the largest market share during the forecast period. Bonding eliminates the need for magnetic core rivet joints or welding, which reduces interlaminar loss. The bonded cores have excellent thermal conductivity which produces no hum noise. Various developments in bonding techniques with flexibility for customized requirements are also driving the popularity of the technology.

Asia Pacific is the largest and fastest growing market for the motor lamination market

Asia Pacific countries such as China, India, South Korea, and Japan account for a major share of the motor lamination market due to the demand for vehicles equipped with advanced systems. Many premium vehicles are equipped with advanced systems which are primarily driven by motors. Also, with stringent emission norms in the Asia Pacific, the motor lamination market is expected to get a boost. This is because the use of electric motor systems for e-mobility reduces the overall weight and hence makes the vehicle lighter, thereby driving the demand for motor lamination stacks in the region.

Market Dynamics

Drivers

Transition to E-Mobility Solutions and Increased Usage of Electric Motors
Increase in Demand for High-Performance Motors for Automotive Applications

Restraints

Higher Up-Front Investments in Lamination Technologies
Low Market Penetration and Serviceability in Developing Economies
Presence of In-House OEMs Restricts Growth of Lamination Manufacturing Companies

Opportunities

Demand for High-Precision Motor Lamination Sheets with Distinct Material Features
Advancements in Lamination Technologies with Better Operational Efficiency

Challenges

Transition to Newer Technologies with Higher Cost
Technological Complexity with Growing Lamination Technologies and Customized Requirements

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview and Industry Trends

6 Motor Lamination Market, by Application
6.1 Introduction
6.2 Performance
6.3 Comfort
6.4 Safety

7 Motor Lamination Market, by Motor Type
7.1 Introduction
7.2 Electric Water Pump Motors
7.3 Radiator Cooling Fan Motors
7.4 Electronic Throttle Valve Control Motors
7.5 Electronic Variable Gear Ratio Motors
7.6 Electronic Variable Valve Timing Motors
7.7 Variable Nozzle Turbo Motors
7.8 Adjustable Pedal Motors
7.9 Electric Power Steering Motors
7.10 Wiper Motors
7.11 Starter Motors
7.12 EGR Motors
7.13 Fuel Pump Motors
7.14 Power Antenna Motors
7.15 Air Conditioner Motors
7.16 Door Mirror Motors
7.17 Power Window Motors
7.18 Tilt Steering Column Motors
7.19 Blower Motors
7.20 Power Seat Motors
7.21 Electric Sunroof Motors
7.22 Door Closer Motors
7.23 Cruise Control Motors
7.24 Adaptive Front Light Motors
7.25 Electronic Stability Control Motors
7.26 ABS Motors
7.27 Electronic Parking Brake Motors

8 Motor Lamination Market, by Material
8.1 Introduction
8.2 Cold-Rolled Non-Oriented (Crno) Steel
8.3 Cold-Rolled Non-Grained Oriented (Crngo) Steel
8.4 Other Materials

9 Motor Lamination Market, by Technology
9.1 Introduction
9.2 Welding
9.3 Bonding
9.4 Stamping
9.5 Others

10 Motor Lamination Market, by Vehicle Type
10.1 Introduction
10.2 Passenger Cars
10.3 Light Commercial Vehicles
10.4 Trucks
10.5 Buses

11 Motor Lamination Market, by Electric Vehicle Type
11.1 Introduction
11.2 Battery Electric Vehicles
11.3 Plug-In Hybrid Electric Vehicles
11.4 Fuel-Cell Electric Vehicles

12 Electric Vehicle Motor Lamination Market, by Application
12.1 Introduction
12.2 Performance
12.3 Comfort
12.4 Safety

13 All-Terrain Vehicle Motor Lamination Market, by Application
13.1 Introduction
13.2 Performance
13.3 Comfort
13.4 Safety

14 Motor Lamination Market, by Region

15 Competitive Landscape

16 Company Profiles

17 Analyst's Recommendations

18 Appendix

Companies Mentioned

Advanced Technology & Materials Co. Ltd
Alinabal Inc.
Aperam
Eurogroup S.P.A
Lake Air
Lamination Specialties
Laser Technologies
Lcs Company
Magcore
Metglas Inc.
Orchid
Partzsch Group
Pitti Laminations Ltd.
Polaris Laser Laminations
R. Bourgeois
Sinotech
Tempel
Thomson Lamination Company, Inc.
United States Steel Corporation
Wingard & Co

For more information about this report visit https://www.researchandmarkets.com/r/uqz74

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