• In January 2023, EuroGroup Laminations, an Italian manufacturer of electric motor components, announced its intention to issue up to 250 million euros in newly issued shares, aiming to revive its public listing after market volatility in 2022. This move followed a slowdown in IPO activities due to geopolitical and economic instability.

• In September 2022, engineers at the University of New South Wales developed a high-speed motor that surpassed previous benchmarks for laminated Interior Permanent Magnet Synchronous Motors (IPMSMs). This motor, achieving 100,000 revolutions per minute, demonstrated the fastest IPMSM created with commercially available lamination materials​.

In this report, the Motor Lamination Market has been segmented by Material, Technology, Vehicle, Electric Vehicle, Application, and Geography.

Motor Lamination Market, Segmentation by Material

The Motor Lamination Market has been segmented by Material into Steel, Nickel Alloys, Cobalt Alloys, and Others.

Steel
Steel is the most widely used material in the motor lamination market due to its excellent magnetic properties and cost-effectiveness. It accounts for over 70% of the total market share. The high permeability and low core loss of steel make it ideal for electric motors in automotive, industrial, and consumer applications.

Nickel Alloys
Nickel alloys are favored in high-performance motors where thermal stability and corrosion resistance are critical. These materials contribute around 15% to the market share. Their enhanced electrical efficiency supports usage in aerospace, military, and advanced electronics applications.

Cobalt Alloys
Cobalt alloys offer superior magnetic saturation, making them suitable for compact and powerful motor designs. Despite their higher cost, they hold a niche share of nearly 10% in the market. Their strength lies in demanding applications like aerospace propulsion systems and high-speed electric motors.

Others
The 'Others' segment includes advanced composites and hybrid materials developed for specialized motor applications. These materials make up the remaining 5% of the market, reflecting ongoing innovations aimed at improving motor performance and efficiency.

Motor Lamination Market, Segmentation by Technology

The Motor Lamination Market has been segmented by Technology into Welding and Bonding.

Welding
Welding is a widely adopted technology in motor lamination due to its ability to provide a strong mechanical bond between lamination stacks. It ensures structural integrity and reduces vibration and noise in motor operations. Welding holds a significant market share of nearly 60%, particularly in automotive and industrial motors.

Bonding
Bonding is gaining traction as a preferred technique for achieving lower core loss and improved motor efficiency. It enables uniform stacking and eliminates interlaminar movement. Accounting for approximately 40% of the market, bonding is increasingly used in EV motors, high-speed applications, and precision equipment.

Motor Lamination Market, Segmentation by Vehicle

The Motor Lamination Market has been segmented by Vehicle into Passenger Car, Light Commercial Vehicle, Truck, and Bus.

Passenger Car
Passenger cars dominate the motor lamination market due to the rising demand for fuel-efficient and electric vehicles. This segment accounts for nearly 55% of the total market. Increasing urbanization and preference for personal mobility continue to drive adoption of laminated motors in compact and mid-size cars.

Light Commercial Vehicle
Light commercial vehicles (LCVs) are witnessing growing integration of laminated motors for better torque output and energy efficiency. Representing around 20% of the market, LCVs benefit from the expansion of e-commerce logistics and last-mile delivery fleets.

Truck
Trucks contribute about 15% to the motor lamination market, with a focus on durability and power output. The shift towards electrification of heavy-duty vehicles and increased investment in green freight corridors are expected to bolster demand in this segment.

Bus
The bus segment, comprising roughly 10% of the market, is increasingly adopting laminated motors to support electric mass transit. Rising investments in public transport electrification and government subsidies are propelling growth in urban and intercity electric bus fleets.

Motor Lamination Market, Segmentation by Electric Vehicle

The Motor Lamination Market has been segmented by Electric Vehicle into Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV) and Plug In Hybrid Electric Vehicle (PHEV).

Battery Electric Vehicle (BEV)
Battery Electric Vehicles lead the market with a share of around 60%, driven by their reliance on electric motors as the sole propulsion system. The need for high-efficiency motor laminations in BEVs to extend driving range and enhance energy performance continues to fuel growth.

Hybrid Electric Vehicle (HEV)
Hybrid Electric Vehicles utilize a combination of internal combustion engines and electric motors, requiring reliable motor laminations for seamless power transition. HEVs account for nearly 25% of the market, benefiting from improved fuel efficiency and reduced emissions.

Plug In Hybrid Electric Vehicle (PHEV)
Plug-In Hybrid Electric Vehicles offer extended electric driving range with external charging capability, increasing demand for high-performance motor laminations. This segment holds about 15% of the market and is growing due to consumer preference for flexible powertrains and eco-friendly mobility.

Motor Lamination Market, Segmentation by Application

The Motor Lamination Market has been segmented by Application into Performance, Comfort and Safety.

Performance
The performance segment dominates the application scope, accounting for approximately 50% of the market. Motor laminations enhance torque output, speed control, and overall efficiency in electric and hybrid powertrains, supporting high-demand use cases in automotive and industrial motors.

Comfort
Comfort applications, such as climate control systems, power windows, and seat adjusters, make up about 30% of the market. Laminated motors provide quiet operation and smooth actuation, improving the driving experience and passenger convenience.

Safety
Safety-focused applications hold roughly 20% market share, driven by increasing integration of active safety systems like anti-lock braking systems (ABS), lane assist, and electronic stability control. Motor laminations ensure precise performance under critical driving conditions.

Motor Lamination Market, Segmentation by Geography

In this report, the Motor Lamination Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Motor Lamination Market Share (%), by Geographical Region

North America
North America holds a considerable share in the motor lamination market, driven by the strong presence of the automotive and industrial sectors. High adoption of electric vehicles (EVs) and investments in advanced manufacturing continue to support growth across the U.S. and Canada.

Europe
Europe contributes significantly to the market, supported by stringent emission regulations and government incentives for e-mobility. The region accounts for a substantial portion of demand due to its focus on energy-efficient motor technologies and sustainable transportation solutions.

Asia Pacific
Asia Pacific dominates the global market with over 40% share, driven by rapid growth in automotive production, especially in countries like China, Japan, and India. Rising demand for electric mobility and expansion of the consumer electronics sector further boost adoption of motor laminations.

Middle East and Africa
The Middle East and Africa region is witnessing gradual growth due to increasing investments in industrial automation and energy projects. Emerging demand for hybrid vehicles and localized manufacturing capabilities is fostering regional market expansion.

Latin America
Latin America holds a smaller yet growing share in the motor lamination market. Growth is being driven by rising automotive demand, especially in Brazil and Mexico, along with government support for EV infrastructure and renewable energy initiatives.

This report provides an in depth analysis of various factors that impact the dynamics of Motor Lamination Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers

• Rising demand for electric and hybrid vehicles
• Growth in industrial automation and robotics usage
• Advancements in energy-efficient motor technologies

• Increased renewable energy installations and equipment - The increasing deployment of renewable energy installations is significantly driving the demand for high-efficiency electric motors, thereby positively influencing the motor lamination market. Systems such as wind turbines, solar-powered generators, and hydropower plants rely heavily on optimized motor performance. High-quality laminated cores ensure reduced energy loss and improved magnetic efficiency, which are vital in renewable systems aiming for maximum energy output.

  Motor laminations are essential in minimizing eddy current losses and maintaining thermal stability in continuous operation, making them indispensable for long-running renewable applications. The shift toward decentralized power generation further increases the use of compact, lightweight, and energy-efficient motors that rely on precision-laminated components to enhance performance in limited-space environments.

  With global governments prioritizing clean energy investments, especially under frameworks like the European Green Deal or Inflation Reduction Act in the U.S., manufacturers of renewable energy equipment are under pressure to adopt energy-optimized motor designs. This has led to a surge in demand for high-grade silicon steel laminations and advanced stamping and stacking technologies.

  As the share of renewables in the global energy mix grows, the need for high-performance motor laminations will continue to rise. Their role in enabling low-loss power conversion and ensuring long operational lifespans places motor laminations at the center of future sustainable energy infrastructure.

Restraints

• High cost of precision manufacturing processes
• Complex design requirements for customization
• Raw material price volatility and supply risks

• Lack of skilled labor for technical processes - A significant challenge in the motor lamination market is the persistent lack of skilled labor needed for precision manufacturing. The production of motor laminations involves advanced tooling, laser cutting, die stamping, and assembly technologies that require highly trained technicians. In many regions, particularly in developing economies, there is a widening gap between industry demand and available workforce expertise.

  Without properly trained workers, companies struggle to maintain tight tolerances, consistent quality, and high-volume output. Errors in manufacturing processes can lead to higher scrap rates, reduced motor efficiency, and delayed delivery timelines. These issues affect both profit margins and customer satisfaction, especially in sectors such as EV manufacturing, aerospace, and industrial automation.

  The growing demand for custom motor designs and miniaturized laminations adds complexity to production workflows. Manufacturers need workers who can operate multi-axis CNC machines, understand magnetic field dynamics, and apply precision stacking techniques. The absence of such skills limits innovation and restricts market scalability.

  This barrier, stakeholders must invest in vocational education, on-the-job training programs, and collaboration with technical institutes. Without developing a reliable talent pool, the motor lamination industry risks operational bottlenecks, quality concerns, and long-term competitiveness erosion.

Opportunities

• Emergence of high-speed motor applications
• Expansion in aerospace and medical motor markets
• Development of advanced silicon steel laminations

• Integration in smart appliances and compact motors - The trend toward smart appliances and compact motor systems is opening promising opportunities in the motor lamination market. With the rise of IoT-enabled consumer electronics, manufacturers are designing smaller, more efficient motors to meet the needs of space-constrained devices. These compact motors require ultra-thin, high-strength laminations to ensure low energy loss and quiet operation.

  Appliances such as smart washing machines, HVAC systems, air purifiers, and robotic vacuum cleaners increasingly rely on brushless DC motors and stepper motors, both of which benefit from precision lamination. The ability to optimize magnetic performance and reduce motor noise and heat through lamination is becoming a key product differentiator for appliance brands.

  With energy labeling regulations and consumer demand for energy savings on the rise, motor manufacturers are under pressure to deliver motors with high torque-to-weight ratios and long operational lifespans. Laminated stators and rotors allow for lightweight designs without compromising performance, driving adoption in household and commercial-grade appliances.

  The integration of smart technologies into everyday products will continue to push demand for compact, durable, and efficient motor laminations. As appliance OEMs scale up production of connected, AI-enabled machines, the motor lamination market will benefit from a sustained surge in component demand tailored to these next-generation devices.