PUBLISHER: The Business Research Company | PRODUCT CODE: 1833958
PUBLISHER: The Business Research Company | PRODUCT CODE: 1833958
Motor lamination refers to the thin layers of electrical steel stacked together to form the core of electric motors and generators. These laminations are insulated from one another to reduce energy losses caused by eddy currents during the motor's operation. The primary purpose of motor lamination is to enhance the efficiency and performance of electric motors by minimizing electrical losses, improving magnetic properties, and supporting heat dissipation. This contributes to lower energy consumption and longer motor lifespan.
The motor lamination market consists of sales, by entities (organizations, sole traders, or partnerships), of motor lamination that are used by motor manufacturers, electric vehicle (EV) and conventional vehicle original equipment manufacturers (OEMs), appliance producers, power generation equipment vendors, and medical-devices manufacturers. They are employed wherever electromagnetic machines are employed whether in transportation, home and industrial appliances, electric power systems, or specialized equipment such as MRI systems or robotic actuators.
The global motor lamination market was valued at $17,908.53 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 3.00%.
Growing Aerospace And Defense Sector
The growing aerospace and defense sector fueled the growth of the motor lamination in the historic period. The aerospace and defense sector includes industries involved in the development, production, and maintenance of aircraft, spacecraft, and military systems. It covers both civil aviation (commercial airlines, satellites) and defense operations (military aircraft, missiles, radar, and combat vehicles). The aerospace and defense sector is driving demand for high-performance electric motors used in advanced systems such as drones, guided missiles, and aircraft actuators. This is boosting the motor lamination market, as these applications require precise, lightweight, and thermally efficient lamination materials to enhance motor efficiency and reliability. For instance, according to Aerospace, Security and Defence Industries Association of Europe (ASD), a trade association for the aerospace, defence and security industries in Europe, in 2023, Europe's aerospace and defence industry recorded a year-on-year turnover growth of 10.1%, reaching approximately $313.6 billion USD (€290.4 billion). This follows a 10.5% increase observed in 2022. Europe's share of the global aerospace and defence market rose to 26.5% in 2023, up from 23.4% the previous year, with the global market valued at around $1.28 trillion USD (€1,182 billion). Therefore, growing aerospace and defense sector drove the growth of the motor lamination market.
Strategic Investments To Strengthen Motor Lamination Capabilities
Major companies operating in the motor lamination market are investing heavily to enhance their manufacturing capabilities, develop advanced materials, and improve energy efficiency in response to the growing demand from electric vehicles, industrial automation, and renewable energy sectors. For instance, in January 2025, Thyssenkrupp, a German industrial engineering and steel production multinational conglomerate, commissioned a new high-tech annealing and isolating line at its Bochum site, marking a major investment in the future of electric mobility. This facility is part of a broader modernization program at Bochum, with a total investment of around 300 million euros, about 150 million euros specifically for the new annealing and isolating line. The new line enables production of ultra-thin, highly silicized, non-grain-oriented electrical steel (down to 0.2 mm thick) with optimized mechanical and magnetic properties, specifically designed for high-efficiency motors in electric vehicles. Moreover, in January 2024, EuroGroup Laminations, an Italian manufacturer of stators and rotors for electric motors, is significantly expanding its production in Mexico to meet growing demand in the North American electric vehicle (EV) market. The company has invested approximately 50 million euros to inaugurate a new plant in Queretaro, adding about 10,000 square meters to its existing 21,000 square meter facility, an expansion of 43%. This new investment is aimed at more than doubling the group's manufacturing capacity for the EV and automotive segment in Mexico over the next two years. The new plant is designed to the highest standards of innovation and sustainability, with a focus on decarbonization, circular economy, and advanced manufacturing processes.
The global motor lamination market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 11.95% of the total market in 2023.
Motor Lamination Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global motor lamination market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for motor lamination? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The motor lamination market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider motor lamination market; and compares it with other markets.