Global Motor Lamination Market Size & Outlook, 2023-2030
The global motor lamination market size was estimated at USD 23,900.0 million in 2023 and is projected to reach USD 31,981.4 million by 2030, growing at a CAGR of 4.2% 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 2024 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Precision Micro | View profile | - | Erdington, Birmingham, United Kingdom, Europe | https://www.precisionmicro.com/ |
| LCS Company | View profile | - | Saint Paul, Minnesota, United States, North America | http://www.lcscompany.com/ |
| Wingard & Co | View profile | 101-250 | Baltimore, Maryland, United States, North America | https://wingardcompany.com |
| Tempel Group | View profile | 101-250 | Lisbon, Lisboa, Portugal, Europe | https://www.tempelgroup.com/ |
| Pitti Engineering | View profile | 1001-5000 | Hyderabad, Andhra Pradesh, India, Asia | http://www.pitti.in |
| Lamination Specialties | View profile | 51-100 | Chicago, Illinois, United States, North America | https://www.laminationspecialties.com |
| Polaris Industries | View profile | 5001-10000 | Long Lake, Minnesota, United States, North America | http://www.polaris.com/en-us |
Global motor lamination market size, by regions, 2018-2030 (US$M)
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