The motor lamination market, by value, is projected to grow to USD 27.6 billion by 2027 from USD 21.9 billion in 2022, at a CAGR of 4.7% from 2022 to 2027. The base year for the report is 2021 and the forecast period is from 2022 to 2027. Motor laminations market is primarily driven by the rising demand for luxury vehicles with more performance and comfort. Along with this, increasing stringent pollution norms is also adding substantially to the use of performance application motor types during the forecast period.
The lawn mower market is primarily dominated by globally established players Tempel (US), Pitti Engineering Ltd (India), Alinabal, Inc (US), EuroGroup Laminations S.p.A. (Italy), R. Bourgeois (France), and LCS Company (US). These companies are consistently developing new products, adopted expansion strategies, and undertook collaborations, partnerships, and mergers & acquisitions to gain traction in this high growth motor lamination market across different regions.
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Tempel (US) is one of the leading players in the motor lamination market across different regions. Tempel is following the strategy of new product developments using distinct electrical grade materials to gain a competitive edge in the motor lamination market. Tempel is one of the key players in manufacturing and supplying of motor lamination stacks through its vast network of dealerships. Its key strengths lie in its corporate values of providing durable, efficient, and high-quality technological solutions for motor lamination. It also processes around 350,000 tons of electrical steel every year. Tempel's global manufacturing capabilities enable it to collaborate with customers all over the world to deliver highly engineered electrical steel lamination solutions for electric motors, transformers, and generators. Tempel's expertise and proven partnership assist customers in improving motor efficiency, shortening product development cycle times, and lowering overall system costs. It has some of the world's most advanced progressive and large blank & notch Stamping capabilities and is uniquely positioned to handle any production requirements.
R. Bourgeois (France) is also a leading player in the motor lamination market. It has 180,000 tons/year of steel consumption. The products and services provided by the company are- high precision stamping dies, rotor, and stator lamination assemblies, electromobility HEV / PHEV / EV, large drive motor/generator, automotive alternator stators, dot bond, full bond glue bonding technology, aluminum die casting, assemblies, plastic over molding, electrostatic epoxy coating insulation, and transformer laminations. The acquisition of a high precision YASDA CNC jig borer in 2020 enables it to deliver accuracies for progressive dies exceeding 2 meters in length, as required in the demanding Hybrid/Electric new powertrain applications. R. Bourgeois is quite ahead of its competitors in terms of manufacturing capabilities. Also, the company has many subsidiaries across the globe, working on developing advanced motor lamination products.
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
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