Motor Laminations Market Scope
Motor laminations refer to the steel portion of rotor and stator consist of thin lamination sheets which are stacked together. Motor laminations have numerous applications in the automotive industry for engine cooling, power steering, fuel pump, windows, and others. Motor laminations market ha growth prospects owing to growing sales of automotive worldwide. In addition, technological advancement in the motor laminations such as the development of high precision lamination sheets expected to drive the demand for motor laminations over the forecasted period.
According to AMA, the Global Motor Laminations market is expected to see growth rate of 4.98%
Market players are focusing on partnership, collaborations, and new product launch in order to increase their offerings in the motor laminations market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Motor Laminations market throughout the predicted period.
Tempel (United States), Euro Group Lamination (Italy), R Bourgeois (France), Lawkim Motors (India), Lamination Specialties (United States), Alinabal (United States), Lamination Specialties (United States), Pitti Engineering (India), Euro Group (Italy) and Partzsch Elektromotoren E.K. (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Sinotech, Inc. (United States), Precision Pressing Manufacturers (India) and Polaris Laser Laminations, LLC. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Motor Laminations market , by Application (Starter Motors, Wiper Motors, HVAC Blower Motors, Electronic Power Assisted Steering, Radiator Fan Motors, Window Lift Motors, Fuel Pump Motors, Seat Adjuster Motors and Adaptive Front Light Motors) and Region with country level break-up.
On the basis of geography, the market of Motor Laminations has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- Rising Demand for the High Precision Lamination Sheets for Motor Laminations
- Technological Developments in the Lamination Techniques
Market Drivers
- Increasing Sale of Luxury Motors
- Emphasizing On Development of High-Performance Motors
Opportunities
- Increasing Demand for Electric Vehicles
- Rising Demand from the Developing Economies Owing to Growth in Automotive Industry
Restraints
- High Capital Invest Associated With Motor Laminations
- Stringent Government Regulations for Automotive Industry
Challenges
- Complexity Associated With Lamination Design
- Availability of Substitute Technologies in the Market