Motor Lamination Market

Market Leader - Motor Lamination Market

The stringent emission regulations to be implemented in North America, Europe, and Asia Oceania along with an increasing focus on safety and comfort are expected to increase the demand for motors. Due to the requirement of fuel efficiency, the OEMs are reducing mechanical linkages and are shifting to the usage of mechatronics. Additionally, there has been an increase in the demand for comfort and safety features by the consumers, hence, the requirements for motors as per the applications are increasing impacting the motor lamination market. All these factors together are projected to drive the demand for motor lamination in the coming years. The motor lamination market is projected to grow at a CAGR of 5.76% from 2018 to 2025. From a market size of USD 12.6 billion in 2018, it is projected to reach USD 18.6 billion by 2025.

A luxury vehicle is a term used for a vehicle that belongs to D, F, and E segments. Mercedes-Benz S-Class, Range Rover, Jaguar I-Pace, and Tesla Model S are some examples of premium luxury vehicles. The rising share of luxury vehicles with automatic features in the global market has boosted the sales of electric motors. Advanced features such as electric sunroof, power seat, power steering, power window, and power antenna work with the help of motors. Several driver assistance features and safety systems installed in luxury vehicles use electric motors, which,, in turn require lamination stacks in the rotor and stator part of the motor. Luxury vehicles are expected to witness a 44.54% increase in sales from 2016 to 2025. Thus, the increase in sales of luxury vehicles will boost the demand for electric motors and motor lamination.

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The demand for electric, hybrid, and other alternative fuel vehicles has increased over the last few years. The operators are now trying alternate fuel vehicles such as electric vehicles to achieve a reduction in CO2 at fleet level. Such bold moves will help the manufacturers to achieve the emission standards. Industry experts believe that due to the rise in the importance of fuel efficiency and focus on a cleaner environment, the purchase of hybrid and electric cars is expected to witness a huge growth compared to other vehicle categories in the next 5 years.

Motor laminations are made of thin steel sheets stacked together. A motor consists of 2 main parts, namely, rotor and stator. The steel portions of the rotor and stator are called laminations. These lamination sheets are stacked using different technologies such as welding, stacking, and bonding. Among these technologies, bonding technology leads to higher precision and reduces eddy current losses.

In terms of advancements in lamination manufacturing, the FullBond technique and DOTS technology / Glulock are expected to be used by the manufacturers in the coming years. This method is expected to eventually replace other methods as it enables thinner lamination the reducing the overall weight of the motor. This technology is also expected to increase the winding slots in the motors. Larger motors such as traction motors or motors with a diameter more than 100 mm can be effectively stacked with the help of this technology. In this technique, instead of dots, the entire surface is bonded. The bonding technology will help the manufacturers to produce high precision lamination stack. As per the industry expert, bonding technology is estimated to grow at the fastest CAGR during the forecast period.

The motor lamination market is dominated by Tempel, Euro Group Lamination, R Bourgeois, Lawkim Motors, and Lamination Specialties. The key strategies adopted by major companies to sustain their positions are expansions and partnerships. The players can also shift toward the usage of advance technology such as bonding. This technology will be helpful to meet the high precision motor lamination required for electric vehicles.

Related Reports:

Motor Lamination Market by Application (Performance, Comfort, and Safety), Material, Technology, Motor Type (Power Steering & Window, Adaptive front light, and Other), ICE & Electric Vehicle, and Region - Global Forecast to 2025

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Report Code
AT 6928
RI Published ON
2/15/2019
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