Global Motor Laminations Market to Hit USD 22.4 Billion by 2032, Growing at 4.8% CAGR from 2025–2032
Global Motor Laminations market was valued at US$ 14.85 billion in 2022 and is projected to reach US$ 20.35 billion by 2029, growing at a CAGR of 4.6% during the forecast period. Motor laminations, the thin steel sheets stacked to form motor cores, serve as the backbone of electric motor efficiency by reducing eddy current losses.