Global Motor Lamination Market Size & Outlook, 2023-2030
The motor lamination industry worldwide is expected to reach a projected revenue of US$ 31,981.4 million by 2030. A compound annual growth rate of 4.2% is expected of the worldwide motor lamination industry from 2024 to 2030.
Revenue, 2023 (US$M)
$23,900.0
Forecast, 2030 (US$M)
$31,981.4
CAGR, 2024 - 2030
4.2%
Report Coverage
Worldwide
Global motor lamination market, 2018-2030 (US$M)
Global motor lamination market highlights
- The global motor lamination market generated a revenue of USD 23,900.0 million in 2023 and is expected to reach USD 31,981.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.2% by 2030.
- In terms of segment, welding accounted for a revenue of USD 23,900.0 million in 2023.
- Welding is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 23,900.0 million |
| Market revenue in 2030 | USD 31,981.4 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Welding |
| Fastest growing segment | Welding |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Welding |
Other key industry trends
- In terms of revenue, the North America accounted for 17.8% of the global motor lamination market in 2023.
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Motor Lamination Market Scope
Motor lamination market segmentation & scope
Material
Nickel Alloys
Cold-Rolled lamination Steel
Cobalt Alloys
Silicon Steel
Application
Electrical Stators/Rotors
Magnetic Coils
Transformers
End Use
Automotive
Electronics
Manufacturing
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Japan
China
India
Australia
South Korea
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Motor Lamination Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global motor lamination market size, by regions, 2018-2030 (US$M)
Related industry reports
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