Product Code: FBI112122
Growth Factors of motor lamination Market
The global motor lamination market is experiencing strong momentum as industries worldwide accelerate the shift toward electrification, energy efficiency, and high-performance motor technologies. According to the latest assessment, the global motor lamination market size was valued at USD 20.68 billion in 2024, and is projected to rise to USD 21.38 billion in 2025. By 2032, the market is expected to reach USD 30.89 billion, driven by advancements in electric motor design, widespread adoption of electric vehicles (EVs), and rising demand for energy-efficient solutions across automotive and industrial sectors. Asia Pacific continues to lead the market, capturing 56.67% share in 2024, supported by rapid vehicle production, increasing EV adoption, and significant investments in motor component manufacturing.
Motor lamination consists of thin stacked sheets of iron or steel used to form motor cores, essential for reducing eddy current losses and improving energy efficiency. These laminations have become indispensable in electric motors powering EVs, hybrid systems, industrial machinery, and auxiliary automotive applications. As global sustainability efforts intensify, the need for high-efficiency motors is accelerating demand for advanced lamination materials and precision manufacturing processes.
Market Drivers: Rising EV Adoption Fuels Growth
A major factor influencing market expansion in 2024 and 2025 is the rapid growth of the electric vehicle sector. EVs depend heavily on efficient electric motors, where high-quality laminations enhance torque, reduce heat generation, and minimize energy losses. According to the International Energy Agency, 14 million electric cars were sold globally in 2023, representing an 18% share of global car sales, up significantly from 14% in 2022 and 2% in 2018. This dramatic expansion directly fuels demand for motor laminations, especially in EV traction motors, auxiliary systems, regenerative braking systems, and propulsion units.
Market Restraints: Supply Chain Limitations
Despite positive growth, the market faces challenges linked to raw material supply constraints, particularly silicon steel, cobalt, and specialty alloys. Price volatility and geopolitical disruptions impact production stability. As of February 2025, U.S. steel prices were projected to increase by 8.2%, while aluminum prices expected to rise by 5.7%, significantly affecting automakers and motor manufacturers. These supply challenges raise production costs and limit accessibility for smaller players, slowing market adoption in certain regions.
Market Opportunities: Expanding Emerging Markets
Emerging economies in Asia Pacific, South America, and Africa offer significant opportunities, supported by rapid urbanization, rising disposable incomes, and strict fuel-efficiency regulations. Increased EV infrastructure development and consumer interest in sustainable mobility are boosting demand for high-quality motor components. Strategic investments are rising, such as EuroGroup Laminations acquiring a 40% stake in India's Kumar Precision Stampings in August 2024, demonstrating the growing appeal of developing regions for key manufacturers.
Key Trends: Shift Toward Lightweight and High-Efficiency Materials
One of the most impactful trends shaping the market is the adoption of lightweight lamination materials, including thinner high-grade steel and advanced bonding technologies. Innovations like Feintool's glulock MD process, launched in June 2024, have enabled reductions in material usage and iron losses by up to 30%, while improving motor efficiency by 10%. With higher EV range and performance requirements, manufacturers are prioritizing materials that optimize thermal performance and energy management.
Regional Insights
Asia Pacific, valued at USD 11.72 billion in 2024, remains the global frontrunner due to strong EV adoption-particularly in China, which accounted for 60% of new electric vehicle registrations in 2023. India and Japan are also strengthening domestic EV production, driving demand for precision laminations.
Europe, expected to reach USD 3.94 billion in 2025, benefits from ambitious electrification targets and expansions by automakers such as BMW, Volkswagen, and Daimler.
North America, projected at USD 3.82 billion in 2025, shows strong demand from EV manufacturing hubs in the U.S., supported by technological innovations in motor systems.
The Rest of the World is expected to reach USD 1.43 billion in 2025, driven by growing automotive modernization and investments in electric mobility.
Conclusion
With the global market rising from USD 20.68 billion in 2024 to an anticipated USD 30.89 billion by 2032, the motor lamination industry is positioned for long-term growth. Accelerating EV adoption, innovation in lightweight materials, and expanding investments across emerging regions will continue to drive strong demand for high-performance motor laminations through 2032.
Segmentation By Vehicle Type
- Hatchback/Sedan
- SUVs
- LCVs
- HCVs
By Propulsion
By Motor Application
- Propulsion
- Auxiliary Systems
- Energy Recovery
- Start-Stop
By Manufacturing Process
- Stamping
- Laser Cutting
- Etching
By Material
- Silicon Steel
- Cobalt Alloys
- Others
By Motor Type
- Permanent Magnet Synchronous Motors (PMSM)
- Induction Motors
- Brushless DC Motors (BLDC)
- Others
By Region
- North America (By Vehicle Type, By Propulsion, By Motor Application, By Manufacturing Process, By Material, and By Motor Type)
- U.S. (By Propulsion)
- Canada (By Propulsion)
- Mexico (By Propulsion)
- Europe (By Vehicle Type, By Propulsion, By Motor Application, By Manufacturing Process, By Material, and By Motor Type)
- Germany (By Propulsion)
- France (By Propulsion)
- U.K. (By Propulsion)
- Rest of Europe (By Propulsion)
- Asia Pacific (By Vehicle Type, By Propulsion, By Motor Application, By Manufacturing Process, By Material, and By Motor Type)
- China (By Propulsion)
- Japan (By Propulsion)
- India (By Propulsion)
- South Korea (By Propulsion)
- Rest of Asia Pacific (By Propulsion)
- Rest of the World (By Vehicle Type, By Propulsion, By Motor Application, By Manufacturing Process, By Material, and By Motor Type)
Table of Content
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
4. Key Insights
- 4.1. Key Industry Developments - Mergers, Acquisitions & Partnerships
- 4.2. Latest Technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Impact of COVID-19 Pandemic on Global Motor Lamination Market
5. Global Motor Lamination Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Definition
- 5.2. Market Analysis, Insights and Forecast - By Vehicle Type
- 5.2.1. Hatchback/Sedan
- 5.2.2. SUVs
- 5.2.3. LCVs
- 5.2.4. HCVs
- 5.3. Market Analysis, Insights and Forecast - By Propulsion
- 5.3.1. ICE
- 5.3.2. Electric
- 5.4. Market Analysis, Insights and Forecast - By Motor Application
- 5.4.1. Propulsion
- 5.4.2. Auxiliary Systems
- 5.4.3. Energy Recovery
- 5.4.4. Start-Stop
- 5.5. Market Analysis, Insights and Forecast - By Manufacturing Process
- 5.5.1. Stamping
- 5.5.2. Laser Cutting
- 5.5.3. Etching
- 5.6. Market Analysis, Insights and Forecast - By Material
- 5.6.1. Silicon Steel
- 5.6.2. Cobalt Alloys
- 5.6.3. Others
- 5.7. Market Analysis, Insights and Forecast - By Motor Type
- 5.7.1. Permanent Magnet Synchronous Motors (PMSM)
- 5.7.2. Induction Motors
- 5.7.3. Brushless DC Motors (BLDC)
- 5.7.4. Others
- 5.8. Market Analysis, Insights and Forecast - By Region
- 5.8.1. North America
- 5.8.2. Europe
- 5.8.3. Asia Pacific
- 5.8.4. Rest of the World
6. North America Motor Lamination Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 6.1.1. Hatchback/Sedan
- 6.1.2. SUVs
- 6.1.3. LCVs
- 6.1.4. HCVs
- 6.2. Market Analysis, Insights and Forecast - By Propulsion
- 6.2.1. ICE
- 6.2.2. Electric
- 6.3. Market Analysis, Insights and Forecast - By Motor Application
- 6.3.1. Propulsion
- 6.3.2. Auxiliary Systems
- 6.3.3. Energy Recovery
- 6.3.4. Start-Stop
- 6.4. Market Analysis, Insights and Forecast - By Manufacturing Process
- 6.4.1. Stamping
- 6.4.2. Laser Cutting
- 6.4.3. Etching
- 6.5. Market Analysis, Insights and Forecast - By Material
- 6.5.1. Silicon Steel
- 6.5.2. Cobalt Alloys
- 6.5.3. Others
- 6.6. Market Analysis, Insights and Forecast - By Motor Type
- 6.6.1. Permanent Magnet Synchronous Motors (PMSM)
- 6.6.2. Induction Motors
- 6.6.3. Brushless DC Motors (BLDC)
- 6.6.4. Others
- 6.7. Market Analysis, Insights and Forecast - By Country
- 6.7.1. U.S.
- 6.7.1.1. Market Analysis, Insights and Forecast - By Propulsion
- 6.7.2. Canada
- 6.7.2.1. Market Analysis, Insights and Forecast - By Propulsion
- 6.7.3. Mexico
- 6.7.3.1. Market Analysis, Insights and Forecast - By Propulsion
7. Europe Motor Lamination Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 7.1.1. Hatchback/Sedan
- 7.1.2. SUVs
- 7.1.3. LCVs
- 7.1.4. HCVs
- 7.2. Market Analysis, Insights and Forecast - By Propulsion
- 7.2.1. ICE
- 7.2.2. Electric
- 7.3. Market Analysis, Insights and Forecast - By Motor Application
- 7.3.1. Propulsion
- 7.3.2. Auxiliary Systems
- 7.3.3. Energy Recovery
- 7.3.4. Start-Stop
- 7.4. Market Analysis, Insights and Forecast - By Manufacturing Process
- 7.4.1. Stamping
- 7.4.2. Laser Cutting
- 7.4.3. Etching
- 7.5. Market Analysis, Insights and Forecast - By Material
- 7.5.1. Silicon Steel
- 7.5.2. Cobalt Alloys
- 7.5.3. Others
- 7.6. Market Analysis, Insights and Forecast - By Motor Type
- 7.6.1. Permanent Magnet Synchronous Motors (PMSM)
- 7.6.2. Induction Motors
- 7.6.3. Brushless DC Motors (BLDC)
- 7.6.4. Others
- 7.7. Market Analysis, Insights and Forecast - By Country
- 7.7.1. U.K.
- 7.7.1.1. Market Analysis, Insights and Forecast - By Propulsion
- 7.7.2. Germany
- 7.7.2.1. Market Analysis, Insights and Forecast - By Propulsion
- 7.7.3. France
- 7.7.3.1. Market Analysis, Insights and Forecast - By Propulsion
- 7.7.4. Rest of Europe
- 7.7.4.1. Market Analysis, Insights and Forecast - By Propulsion
8. Asia Pacific Motor Lamination Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 8.1.1. Hatchback/Sedan
- 8.1.2. SUVs
- 8.1.3. LCVs
- 8.1.4. HCVs
- 8.2. Market Analysis, Insights and Forecast - By Propulsion
- 8.2.1. ICE
- 8.2.2. Electric
- 8.3. Market Analysis, Insights and Forecast - By Motor Application
- 8.3.1. Propulsion
- 8.3.2. Auxiliary Systems
- 8.3.3. Energy Recovery
- 8.3.4. Start-Stop
- 8.4. Market Analysis, Insights and Forecast - By Manufacturing Process
- 8.4.1. Stamping
- 8.4.2. Laser Cutting
- 8.4.3. Etching
- 8.5. Market Analysis, Insights and Forecast - By Material
- 8.5.1. Silicon Steel
- 8.5.2. Cobalt Alloys
- 8.5.3. Others
- 8.6. Market Analysis, Insights and Forecast - By Motor Type
- 8.6.1. Permanent Magnet Synchronous Motors (PMSM)
- 8.6.2. Induction Motors
- 8.6.3. Brushless DC Motors (BLDC)
- 8.6.4. Others
- 8.7. Market Analysis, Insights and Forecast - By Country
- 8.7.1. China
- 8.7.1.1. Market Analysis, Insights and Forecast - By Propulsion
- 8.7.2. India
- 8.7.2.1. Market Analysis, Insights and Forecast - By Propulsion
- 8.7.3. Japan
- 8.7.3.1. Market Analysis, Insights and Forecast - By Propulsion
- 8.7.4. South Korea
- 8.7.4.1. Market Analysis, Insights and Forecast - By Propulsion
- 8.7.5. Rest of Asia Pacific
- 8.7.5.1. Market Analysis, Insights and Forecast - By Propulsion
9. Rest of the World Motor Lamination Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 9.1.1. Hatchback/Sedan
- 9.1.2. SUVs
- 9.1.3. LCVs
- 9.1.4. HCVs
- 9.2. Market Analysis, Insights and Forecast - By Propulsion
- 9.2.1. ICE
- 9.2.2. Electric
- 9.3. Market Analysis, Insights and Forecast - By Motor Application
- 9.3.1. Propulsion
- 9.3.2. Auxiliary Systems
- 9.3.3. Energy Recovery
- 9.3.4. Start-Stop
- 9.4. Market Analysis, Insights and Forecast - By Manufacturing Process
- 9.4.1. Stamping
- 9.4.2. Laser Cutting
- 9.4.3. Etching
- 9.5. Market Analysis, Insights and Forecast - By Material
- 9.5.1. Silicon Steel
- 9.5.2. Cobalt Alloys
- 9.5.3. Others
- 9.6. Market Analysis, Insights and Forecast - By Motor Type
- 9.6.1. Permanent Magnet Synchronous Motors (PMSM)
- 9.6.2. Induction Motors
- 9.6.3. Brushless DC Motors (BLDC)
- 9.6.4. Others
10. Competitive Analysis
- 10.1. Key Industry Developments
- 10.2. Global Market Rank Analysis (2024)
- 10.3. Competitive Dashboard
- 10.4. Comparative Analysis - Major Players
- 10.5. Company Profiles
- 10.5.1. ArcelorMittal (Luxembourg)
- 10.5.1.1. Overview
- 10.5.1.2. Products & services
- 10.5.1.3. SWOT Analysis
- 10.5.1.4. Recent Developments
- 10.5.1.5. Strategies
- 10.5.1.6. Financials (Based on Availability)
- 10.5.2. POSCO (South Korea)
- 10.5.2.1. Overview
- 10.5.2.2. Products & services
- 10.5.2.3. SWOT Analysis
- 10.5.2.4. Recent Developments
- 10.5.2.5. Strategies
- 10.5.2.6. Financials (Based on Availability)
- 10.5.3. JFE Steel Corporation (Japan)
- 10.5.3.1. Overview
- 10.5.3.2. Products & services
- 10.5.3.3. SWOT Analysis
- 10.5.3.4. Recent Developments
- 10.5.3.5. Strategies
- 10.5.3.6. Financials (Based on Availability)
- 10.5.4. Baosteel Group (China)
- 10.5.4.1. Overview
- 10.5.4.2. Products & services
- 10.5.4.3. SWOT Analysis
- 10.5.4.4. Recent Developments
- 10.5.4.5. Strategies
- 10.5.4.6. Financials (Based on Availability)
- 10.5.5. Nippon Steel Corporation (Japan)
- 10.5.5.1. Overview
- 10.5.5.2. Products & services
- 10.5.5.3. SWOT Analysis
- 10.5.5.4. Recent Developments
- 10.5.5.5. Strategies
- 10.5.5.6. Financials (Based on Availability)
- 10.5.6. Thyssenkrupp Steel Europe AG (Germany)
- 10.5.6.1. Overview
- 10.5.6.2. Products & services
- 10.5.6.3. SWOT Analysis
- 10.5.6.4. Recent Developments
- 10.5.6.5. Strategies
- 10.5.6.6. Financials (Based on Availability)
- 10.5.7. Tata Steel Ltd. (India)
- 10.5.7.1. Overview
- 10.5.7.2. Products & services
- 10.5.7.3. SWOT Analysis
- 10.5.7.4. Recent Developments
- 10.5.7.5. Strategies
- 10.5.7.6. Financials (Based on Availability)
- 10.5.8. Thomson Lamination Co. Inc. (U.S.)
- 10.5.8.1. Overview
- 10.5.8.2. Products & services
- 10.5.8.3. SWOT Analysis
- 10.5.8.4. Recent Developments
- 10.5.8.5. Strategies
- 10.5.8.6. Financials (Based on Availability)
- 10.5.9. Laser Technologies (U.S.)
- 10.5.9.1. Overview
- 10.5.9.2. Products & services
- 10.5.9.3. SWOT Analysis
- 10.5.9.4. Recent Developments
- 10.5.9.5. Strategies
- 10.5.9.6. Financials (Based on Availability)
- 10.5.10. Precision Micro (U.K.)
- 10.5.10.1. Overview
- 10.5.10.2. Products & services
- 10.5.10.3. SWOT Analysis
- 10.5.10.4. Recent Developments
- 10.5.10.5. Strategies
- 10.5.10.6. Financials (Based on Availability)
- 10.5.11. Tempel (U.S.)
- 10.5.11.1. Overview
- 10.5.11.2. Products & services
- 10.5.11.3. SWOT Analysis
- 10.5.11.4. Recent Developments
- 10.5.11.5. Strategies
- 10.5.11.6. Financials (Based on Availability)
- 10.5.12. Lammotor (China)
- 10.5.12.1. Overview
- 10.5.12.2. Products & services
- 10.5.12.3. SWOT Analysis
- 10.5.12.4. Recent Developments
- 10.5.12.5. Strategies
- 10.5.12.6. Financials (Based on Availability)
- 10.5.13. EuroGroup Lamination (Italy)
- 10.5.13.1. Overview
- 10.5.13.2. Products & services
- 10.5.13.3. SWOT Analysis
- 10.5.13.4. Recent Developments
- 10.5.13.5. Strategies
- 10.5.13.6. Financials (Based on Availability)
- 10.5.14. Lake Air Companies Lamination Specialties Incorporated (U.S.)
- 10.5.14.1. Overview
- 10.5.14.2. Products & services
- 10.5.14.3. SWOT Analysis
- 10.5.14.4. Recent Developments
- 10.5.14.5. Strategies
- 10.5.14.6. Financials (Based on Availability)
- 10.5.15. LCS Company (U.S.)
- 10.5.15.1. Overview
- 10.5.15.2. Products & services
- 10.5.15.3. SWOT Analysis
- 10.5.15.4. Recent Developments
- 10.5.15.5. Strategies
- 10.5.15.6. Financials (Based on Availability)
- 10.5.16. Partzsch Elektromotoren E.K. (Germany)
- 10.5.16.1. Overview
- 10.5.16.2. Products & services
- 10.5.16.3. SWOT Analysis
- 10.5.16.4. Recent Developments
- 10.5.16.5. Strategies
- 10.5.16.6. Financials (Based on Availability)
- 10.5.17. Pitti Laminations Ltd. (India)
- 10.5.17.1. Overview
- 10.5.17.2. Products & services
- 10.5.17.3. SWOT Analysis
- 10.5.17.4. Recent Developments
- 10.5.17.5. Strategies
- 10.5.17.6. Financials (Based on Availability)
- 10.5.18. Polaris Laser Laminations LLC (U.S.)
- 10.5.18.1. Overview
- 10.5.18.2. Products & services
- 10.5.18.3. SWOT Analysis
- 10.5.18.4. Recent Developments
- 10.5.18.5. Strategies
- 10.5.18.6. Financials (Based on Availability)