Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Automotive Welding Motor Cores Market by Type (Special Alloys, Electrical Steel), By Application (Passenger Car, Commercial Vehicle) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Automotive Welding Motor Cores Market by Type (Special Alloys, Electrical Steel), By Application (Passenger Car, Commercial Vehicle) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 362940 4200 Automobile & Transportation 377 133 Pages 5 (33)
                                          

Market Overview:


The global automotive welding motor cores market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for electric vehicles and rising penetration of advanced welding technologies. On the basis of type, the global automotive welding motor cores market has been segmented into special alloys and electrical steel. The special alloys segment is expected to account for a major share of the global automotive welding motor cores market during the forecast period owing to its superior properties such as high strength-to-weight ratio, corrosion resistance, and thermal conductivity. On the other hand, electrical steel is anticipated to grow at a higher CAGR during 2018-2030 due its low cost and excellent magnetic properties that make it suitable for use in high power applications such as traction motors in electric vehicles (EVs). Based on application, passenger car accounted for majority share of revenue generated from sales of automotive welding motor cores worldwide in 2017; however commercial vehicle is projected exhibit highest CAGR over next 10 years owing growing demand from developing countries including China & India .


Global Automotive Welding Motor Cores Industry Outlook


Product Definition:


An automotive welding motor core is a type of electric motor that is used in the manufacturing of automobiles. This type of electric motor is important because it helps to weld different parts of the car together.


Special Alloys:


Special alloys are a group of high strength materials consisting of nickel, chromium, tungsten and molybdenum. These metals when used in welding motor cores provide significant energy savings resulting in increased profit margins for the welders. Special alloyed materials have been used for many years in the manufacturing process owing to their superior properties such as corrosion resistance, high tensile strength and ductility along with electrical conductivity.


Electrical Steel:


Electrical steel is a special type of high carbon, low alloyed iron that has been processed to remove about 1.5% of the total volume and replace it with aluminum. The product was developed for use in electrical motors as it exhibits properties such as small cross-sectional area, low hysteresis loss, high magnetic energy density and excellent resistance to corrosion.


The global market size was valued at USD 830 million in 2015.


Application Insights:


The passenger car segment held the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growing demand for lightweight vehicles to improve fuel efficiency is projected to remain a key factor driving automotive welding motor cores over the forecast period.


Passenger cars are usually equipped with smaller electric motors that require less power and weight reduction, which makes them suitable for use in electric vehicles. In addition, increasing penetration of digital technologies such as HVAC, lighting systems along with entertainment systems in commercial vehicles is anticipated to propel product demand from 2018 to 2030.


Commercial vehicle application segment was estimated at USD 1,252.5 million in 2017 owing to rising utilization of commercial trucks & buses across end-use markets including construction sites and mining sites across various regions globally on account of their high payload capacitys per unit mass comparedto light-dutyvehicles (LDVs).


Regional Analysis:


Asia Pacific accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major automotive manufacturing hubs, such as China, India, Japan and South Korea. Increasing demand for passenger cars and commercial vehicles in this region on account of rising disposable income coupled with rapid urbanization has resulted in increased adoption of welding equipment as well.


The Asia Pacific regional market was followed by Europe which accounted for a revenue share of more than 20% owing to high penetration rates associated with increasing vehicle production levels across several key markets including Germany, Italy and U.K., among others.


Growth Factors:


  • Increasing demand for electric vehicles: The global automotive welding motor cores market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand for electric vehicles. This is because electric vehicles are powered by batteries, which need charging points, and this is expected to drive the growth of the automotive welding motor cores market.
  • Rising disposable income: The rising disposable income of consumers in developing countries is fueling the growth of the automotive welding motor cores market as they are able to afford luxury cars that require these components.
  • Technological advancements: The development of new technologies in the field of electric vehicles is aiding in fuellingthegrowthoftheautomotiveweldingmotorcoresmarketasitispromotingtheadoptionofelectricvehiclesacrossvarioussegmentsoftheeconomy.Thisisthushelpingtodrivethegrowthofthemarketduringtheforecastperiod2018-2023 .

Scope Of The Report

Report Attributes

Report Details

Report Title

Automotive Welding Motor Cores Market Research Report

By Type

Special Alloys, Electrical Steel

By Application

Passenger Car, Commercial Vehicle

By Companies

Wingard & Company, Polaris Laser Laminations, Axalta, Mitsui High-tec, Kuroda Precision, POSCO, Yuma Lamination, Changying Xinzhi, Xulie Electromotor, Foshan Pulizi Core, Dongguan Onlink, Foshan Temyoo, Suzhou Fine-stamping

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

133

Number of Tables & Figures

94

Customization Available

Yes, the report can be customized as per your need.


Global Automotive Welding Motor Cores Market Report Segments:

The global Automotive Welding Motor Cores market is segmented on the basis of:

Types

Special Alloys, Electrical Steel

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Passenger Car, Commercial Vehicle

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Wingard & Company
  2. Polaris Laser Laminations
  3. Axalta
  4. Mitsui High-tec
  5. Kuroda Precision
  6. POSCO
  7. Yuma Lamination
  8. Changying Xinzhi
  9. Xulie Electromotor
  10. Foshan Pulizi Core
  11. Dongguan Onlink
  12. Foshan Temyoo
  13. Suzhou Fine-stamping

Global Automotive Welding Motor Cores Market Overview


Highlights of The Automotive Welding Motor Cores Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Special Alloys
    2. Electrical Steel
  1. By Application:

    1. Passenger Car
    2. Commercial Vehicle
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Welding Motor Cores Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

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Global Automotive Welding Motor Cores Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Automotive welding motor cores are the most important part of a welding machine. They convert electricity into heat, which melts the metal being welded.

Some of the major players in the automotive welding motor cores market are Wingard & Company, Polaris Laser Laminations, Axalta, Mitsui High-tec, Kuroda Precision, POSCO, Yuma Lamination, Changying Xinzhi, Xulie Electromotor, Foshan Pulizi Core, Dongguan Onlink, Foshan Temyoo, Suzhou Fine-stamping.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Welding Motor Cores Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 Automotive Welding Motor Cores Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Automotive Welding Motor Cores Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the Automotive Welding Motor Cores Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global Automotive Welding Motor Cores Market Size & Forecast, 2020-2028       4.5.1 Automotive Welding Motor Cores Market Size and Y-o-Y Growth       4.5.2 Automotive Welding Motor Cores Market Absolute $ Opportunity

Chapter 5 Global  Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2  Market Size Forecast by Type
      5.2.1 Special Alloys
      5.2.2 Electrical Steel
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global  Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2  Market Size Forecast by Applications
      6.2.1 Passenger Car
      6.2.2 Commercial Vehicle
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Automotive Welding Motor Cores Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Automotive Welding Motor Cores Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America  Analysis and Forecast
   9.1 Introduction
   9.2 North America  Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America  Market Size Forecast by Type
      9.6.1 Special Alloys
      9.6.2 Electrical Steel
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America  Market Size Forecast by Applications
      9.10.1 Passenger Car
      9.10.2 Commercial Vehicle
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe  Analysis and Forecast
   10.1 Introduction
   10.2 Europe  Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe  Market Size Forecast by Type
      10.6.1 Special Alloys
      10.6.2 Electrical Steel
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe  Market Size Forecast by Applications
      10.10.1 Passenger Car
      10.10.2 Commercial Vehicle
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific  Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific  Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific  Market Size Forecast by Type
      11.6.1 Special Alloys
      11.6.2 Electrical Steel
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific  Market Size Forecast by Applications
      11.10.1 Passenger Car
      11.10.2 Commercial Vehicle
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America  Analysis and Forecast
   12.1 Introduction
   12.2 Latin America  Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America  Market Size Forecast by Type
      12.6.1 Special Alloys
      12.6.2 Electrical Steel
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America  Market Size Forecast by Applications
      12.10.1 Passenger Car
      12.10.2 Commercial Vehicle
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA)  Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA)  Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA)  Market Size Forecast by Type
      13.6.1 Special Alloys
      13.6.2 Electrical Steel
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA)  Market Size Forecast by Applications
      13.10.1 Passenger Car
      13.10.2 Commercial Vehicle
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Automotive Welding Motor Cores Market: Competitive Dashboard
   14.2 Global Automotive Welding Motor Cores Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Wingard & Company
      14.3.2 Polaris Laser Laminations
      14.3.3 Axalta
      14.3.4 Mitsui High-tec
      14.3.5 Kuroda Precision
      14.3.6 POSCO
      14.3.7 Yuma Lamination
      14.3.8 Changying Xinzhi
      14.3.9 Xulie Electromotor
      14.3.10 Foshan Pulizi Core
      14.3.11 Dongguan Onlink
      14.3.12 Foshan Temyoo
      14.3.13 Suzhou Fine-stamping

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