Motor laminations—thin steel or alloy sheets that form the core of motors (rotors & stators)—are essential to electric motors, transformers, and generators. They help reduce energy losses (especially eddy currents), improve efficiency, and allow for lighter, more compact motor designs. According to Stratview Research, the motor lamination market was valued at USD 25.4 billion in 2024 (up from about USD 24.2 billion in 2023). The market is forecast to grow at a CAGR of ~4.9% from 2025 to 2032, reaching approximately USD 37.4 billion by 2032.

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Drivers

Several factors are fueling this growth:

• Rise of electric vehicles (EVs): As EV adoption climbs globally, demand for more efficient, higher-performance motors grows. High-quality lamination helps reduce losses, improve thermal performance, and deliver better torque & efficiency in EV motors. Stratview notes that EV motor lamination demand is a big growth segment.
• Efficiency regulations & energy cost concerns: Governments and industry bodies are pushing for stricter efficiency standards in motors used in automotive, industrial, appliances, HVAC, etc. Reducing energy losses (iron core losses, eddy current losses) in motor cores via better lamination is a way to meet those standards.
• Technological advancements in lamination manufacturing: Innovations in welding, bonding, stamping, cold-rolled steels, silicon steel, and other materials are enhancing performance. Also, thinner lamination sheets and more precise manufacturing reduce losses and improve motor performance.
• Growing demand in comfort, safety, and other motorized components: Beyond traction motors for EVs, many smaller motors (power steering, cooling fans, pumps, etc.) also require laminations for efficiency, noise reduction, heat management etc. The motor lamination demand is not just for big motors but many smaller ones.

Trends

Here are the trends shaping the market now and ahead:

• Regionally, Asia-Pacific leads: Asia-Pacific is expected to remain the largest regional market during the forecast period. High automotive production, many EV OEMs, industrial motor demand, and favorable policies make this region dominant.
• Vehicle type segment – BEVs dominate: In the EV category, Battery Electric Vehicles (BEVs) are expected to represent the largest share of the motor lamination demand. That’s because BEVs use motors heavily (for propulsion, etc.) and performance & efficiency are key.
• Material & technology preference shifts: Cold-rolled non-oriented steel (and similarly efficient steel grades) are growing. Technological preferences (welding, stamping) that allow tight tolerances, reduced loss, better performance are increasingly chosen. Also, growth in “cold rolled motor lamination” type materials.
• Applications in comfort & performance segments growing faster: Motors for comfort (like power steering, fan motors, etc.) are growing rapidly in lamination demand because of increased vehicle features. Likewise, safety and performance demands push higher quality of lamination.

Conclusion

The motor lamination market is set for steady, meaningful growth: from ~USD 25.4B in 2024 to ~USD 37.4B by 2032, at ~4.9% CAGR. For manufacturers, suppliers, and component makers, this means strong opportunities especially in EV motor laminations, in Asia-Pacific markets, and in technologies/materials that deliver lower losses, greater thermal performance, or lighter cores.

To succeed, players should invest in advanced lamination manufacturing (e.g. better steel grades, thinner laminations, precision stamping, bonding/welding), focus on cost-effectiveness of production, and ensure supply chain resilience. Regulatory pressures favour efficient motors, so those who can deliver motor lamination products that help OEMs meet emissions/efficiency standards will gain advantage.