Global Motor Lamination market is valued approximately USD 12.6 billion in 2018 and is anticipated to grow with a growth rate of more than 5.76% over the forecast period 2019-2026. Motor lamination are made up of electrical steel lamination. Silicon steel are referring as electrical steel, it is a steel with silicon added to it. When silicon is added to steel it helps in increasing its electrical resistance that improves the magnetic fields to penetrate it and decrease the steel’s hysteresis loss. The rise in demand for high-performance motors with the increase in sale of luxury vehicles coupled with increase in stringency of emission & fleet- level regulation have pushed OEMS to produce and sell electric vehicles are the factors driving the growth of market over the forecast years. Whereas, the high capital investment in lamination technology and decreasing demand of motors in the developing economies are the factors hampering the growth of market over the forecast years. However, increase in demand for high precision lamination sheets and design by expert and advancement in lamination technology is lucrative growth opportunity for the market. For instance: according to the Environmental Protection Agency (EPA), electric vehicles convert about 59-62% of the electric energy from grid to power at the wheel as compared to conventional gasoline vehicles that convert about 17-21% of the energy stored to power at the wheel. Also, “Paris agreement” was signed by 175 countries on 12 December 2015, aimed at reducing the global CO2 emission by 28% in 2025, On 1 April 2017 the supreme court of India had banned the sale of vehicles BS-III compliant vehicles and imposed BS-IV as the standard emission criteria by the vehicles for sale in India. Thus, the rising initiative regarding use of electric vehicle for emission of green- house gases propel the growth of market over the forecast years.
The regional analysis of global Motor Lamination market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the fastest growing region in the global motor lamination market owing to the rising focus on electric vehicles coupled with the rising automobile equipment production with different type of motors. Whereas, China is the fastest growing economy in the Asia Pacific region owing to the largest manufacturer of commercial vehicles. Also, increase in demand of premium vehicles and government regulation regarding safety features surge the growth of market across the globe.
Market player included in this report are:
- Tempel
- Euro Group Lamination
- R. Bourgeois
- Lawkim motors
- Lamination Specialties
- Alinabal
- Wingard & co
- Laser technologies
- Orchid
- Sinotech
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Vehicle Type:
- Passenger vehicle
- Light commercial vehicle
- Truck
- Bus
By Technology
- Welding
- Bonding
- Others
By Application:
- Performance
- Comfort
- Safety
By Regions:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Rest of the World
- Mexico
- Furthermore, years considered for the study are as follows:
- Historical year – 2016, 2017
- Base year – 2018
- Forecast period – 2019 to 2026
Target Audience of the Global Motor Lamination Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
- Investors