December 6, 2019

Automotive Motor Lamination Market Promising Growth Opportunities Over 2018-2028

Automotive Motor Lamination Market: Introduction

Laminations are the steel portions of the stator and rotor consisting of thin lamination sheets stacked together. Motor laminations are also known as motor cores, stator laminations, stator cores, rotor laminations and others. Motor lamination as an indispensable application in automotive industry. Automotive motor lamination is used in applications including power steering, windows, wipers braking systems, engine cooling and fuel/oil/water pumps. Automotive Motor Lamination helps in increasing the motor efficiency and reducing overall system cost. This makes automotive motor lamination a key component in the automotive industry. Owing to increasing automotive sales and vehicle fleet, the demand for automotive motor laminations is also estimated to witness significant growth in the coming years. This in turn is expected to contribute to the growing market of automotive motor lamination across the globe during the forecast period.

Automotive Motor Lamination Market: Dynamics

With rising implementation of stringent environmental regulations and emission control measures, Hybrid Electrical Vehicles (HEVs) powered by a combination of IC engines and pure battery operated electric vehicles are estimated to have prominent growth opportunities in the global Automotive Motor Lamination market.

Growing automation and inclination of costumers towards electric and hybrid vehicles are forcing them to replace their convectional vehicles. To compensate the features such as high initial costs, less engine power as compared to the conventional counterparts, the manufacturers are focusing on increasing its aesthetic appeal which is estimated to remain most prominent driver for global automotive motor lamination market over the forecast period.

Global manufacturers are already integrated to increase the percentage of electric and hybrid cars available in the market. The number is expected to upsurge in the coming years, owing to growing traction towards more eco-friendly alternatives in both vehicle manufacturers and buyers as well, giving impetus to the market for hybrid and electric cars, which in turn will accelerate the market for auto-components such as automotive motor lamination over the forthcoming years.

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Automotive Motor Lamination Market: Segment

The global Automotive Motor Lamination market has been segmented by application type, by vehicle type and by sales channel

On the basis of application type, the global Automotive Motor Lamination market has been segmented as:

  • Starter Motors
  • Wiper Motors
  • HVAC Blower Motors
  • Electronic Power Assisted Steering
  • Radiator Fan Motors
  • Window Lift Motors
  • Fuel Pump Motors
  • Seat Adjuster Motors
  • Adaptive Front Light Motors

On the basis of vehicle type, the global Automotive Motor Lamination market has been segmented as:

  • Conventional Vehicles

  • Passenger Car
    Compact Cars
    Mid-size cars
    Luxury Vehicles

  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Electric Vehicles

On the basis of Sales Channel, the global Automotive Motor Lamination market has been segmented as:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

Automotive Motor Lamination Market: Regional Outlook

Growing urbanization in developing countries across the globe, rising employment, improvements witnessed in disposable income and rise in dual income household of middle class families are the key factors fuelling the demand for passenger cars, which in turn, will accelerate the growth of the Automotive Motor Lamination market. Affordable price brackets for middle-class population and rising standard of living are some of the other factors that are driving the growth of passenger cars and propelling the demand for Automotive Motor Lamination. The adoption of advanced technology leading to the consumer’s inclination towards automation is estimated to be one of the prominent drivers of the global Automotive Motor Lamination market. Most of the automatic control units uses motors for their operation, making the operation quite easy and comfortable for the global consumers.

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Automotive Motor Lamination Market: Key Participants

Examples of some of the market participants identified across the value chain of the global Automotive Motor Lamination market include:

  • Sinotech, Inc.
  • Polaris Laser Laminations, LLC.
  • Tempel Company
  • bourgeois S.A.
  • Lawkim Motors Group