Axial Flux Motors Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Cooling Process (Air Cooling, Liquid Cooling), By Type (Dual-Rotor Single Stator, Single-Rotor Dual-Stator), By Application (General Manufacturing, Power, Construction, Automotive, Aerospace, Marine, Agriculture, Others), By Region & Competition, 2020-2030F

May 2025 | 188 pages | ID: A0594A4F9B9AEN
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Market Overview

The Global Axial Flux Motors Market was valued at USD 240.5 million in 2024 and is anticipated treach USD 1123.5 million by 2030, growing at a CAGR of 29.1% during the forecast period. Axial flux motors are gaining widespread traction due ttheir superior efficiency, compact form factor, and high power density, making them highly suitable for electric vehicles (EVs), aerospace, robotics, and other space-constrained applications. Their lightweight design supports energy-efficient mobility, especially in sectors prioritizing sustainability and performance. The evolution of battery technology and the global emphasis on reducing carbon emissions have further reinforced the appeal of axial flux motors as a clean, efficient alternative tconventional systems. Additionally, increasing investments in renewable energy infrastructure and innovations in motor materials and manufacturing techniques are helping treduce production costs and expand their application across multiple industries.

Key Market Drivers

Rising Demand for Electric Vehicles (EVs)

The growing adoption of electric vehicles is a major factor driving the Global Axial Flux Motors Market. As the automotive industry continues its transition towards electrification, the need for efficient, lightweight, and space-saving motor technologies has intensified. Axial flux motors offer notable advantages over traditional radial flux motors, including higher power density and improved efficiency in a more compact and lighter design. These characteristics are crucial for EV manufacturers striving tenhance vehicle range and performance. Major players such as BorgWarner and GKN Automotive are actively investing in axial flux motor technology through acquisitions and strategic partnerships tstrengthen their position in the electric powertrain sector. According tthe International Energy Agency (IEA), global EV sales exceeded 14 million units in 2023, accounting for 18% of all new car sales, highlighting the rising influence of EVs in shaping market demand.

Key Market Challenges

High Manufacturing Costs and Scalability Issues

A critical challenge for the axial flux motor market lies in the elevated production costs and scalability limitations associated with these motors. While they offer outstanding performance and efficiency benefits, their manufacturing requires advanced materials such as high-performance magnets and precision-engineered components. These factors increase the cost relative tconventional radial flux motors. The complex design, which often involves multi-phase windings and tightly controlled rotor-stator alignment, further complicates the manufacturing process. For cost-sensitive markets like mass-produced electric vehicles, the high price tag of axial flux motors can hinder widespread adoption. Additionally, the lack of well-established large-scale production infrastructure for these motors makes it difficult tachieve economies of scale, deterring manufacturers from switching taxial flux alternatives despite their performance advantages.

Key Market Trends

Growing Adoption in Electric Vehicles (EVs) and Hybrid Electric Vehicles (HEVs)

The integration of axial flux motors intEVs and HEVs is rapidly emerging as a dominant trend in the global market. Automakers are increasingly turning tthese motors tmeet the demand for improved performance, reduced emissions, and greater efficiency. Axial flux motors provide high torque output in a compact form, contributing tbetter acceleration and more efficient use of vehicle space. Their design alssupports lighter vehicles, enhancing driving range and energy conservation—key concerns for electric mobility. Furthermore, the space saved by axial flux motors allows for greater design flexibility, including the installation of larger batteries or enhanced cargspace. As automotive manufacturers continue tprioritize sustainable, high-performance solutions, investments in R&D and strategic collaborations are accelerating the incorporation of axial flux motors intnext-generation EV and HEV platforms, reinforcing their critical role in the evolving mobility landscape.

Key Market Players
  • YASA Ltd.
  • Emrax d.o.o.
  • GKN Automotive Limited
  • BorgWarner Inc.
  • Apex Dynamics, Inc.
  • Infinitum Electric, Inc.
  • PMS Motors
  • Rotary Power Ltd.
Report Scope:

In this report, the Global Axial Flux Motors Market has been segmented intthe following categories, in addition tthe industry trends which have alsbeen detailed below:
  • Axial Flux Motors Market, By Type:
  • Dual-Rotor Single Stator
  • Single-Rotor Dual-Stator
  • Axial Flux Motors Market, By Application:
  • General Manufacturing
  • Power
  • Construction
  • Automotive
  • Aerospace
  • Marine
  • Agriculture
  • Others
  • Axial Flux Motors Market, By Cooling Process:
  • Air Cooling
  • Liquid Cooling
  • Axial Flux Motors Market, By Region:
  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • South America
  • Brazil
  • Colombia
  • Argentina
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Axial Flux Motors Market.

Available Customizations:

Global Axial Flux Motors Market report with the given market data, TechSci Research offers customizations according ta company's specific needs. The following customization options are available for the report:

Company Information
    • Detailed analysis and profiling of additional market players (up tfive).
1. PRODUCT OVERVIEW

1.1. Market Definition
1.2. Scope of the Market
  1.2.1. Markets Covered
  1.2.2. Years Considered for Study
  1.2.3. Key Market Segmentations

2. RESEARCH METHODOLOGY

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. EXECUTIVE SUMMARY

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends

4. VOICE OF CUSTOMER

5. GLOBAL AXIAL FLUX MOTORS MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
5.2. Market Share & Forecast
  5.2.1. By Type (Dual-Rotor Single Stator, Single-Rotor Dual-Stator)
  5.2.2. By Application (General Manufacturing, Power, Construction, Automotive, Aerospace, Marine, Agriculture, Others)
  5.2.3. By Cooling Process (Air Cooling, Liquid Cooling)
  5.2.4. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)
5.3. By Company (2024)
5.4. Market Map

6. NORTH AMERICA AXIAL FLUX MOTORS MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Type
  6.2.2. By Application
  6.2.3. By Cooling Process
  6.2.4. By Country
6.3. North America: Country Analysis
  6.3.1. United States Axial Flux Motors Market Outlook
    6.3.1.1. Market Size & Forecast
      6.3.1.1.1. By Value
    6.3.1.2. Market Share & Forecast
      6.3.1.2.1. By Type
      6.3.1.2.2. By Application
      6.3.1.2.3. By Cooling Process
  6.3.2. Canada Axial Flux Motors Market Outlook
    6.3.2.1. Market Size & Forecast
      6.3.2.1.1. By Value
    6.3.2.2. Market Share & Forecast
      6.3.2.2.1. By Type
      6.3.2.2.2. By Application
      6.3.2.2.3. By Cooling Process
  6.3.3. Mexico Axial Flux Motors Market Outlook
    6.3.3.1. Market Size & Forecast
      6.3.3.1.1. By Value
    6.3.3.2. Market Share & Forecast
      6.3.3.2.1. By Type
      6.3.3.2.2. By Application
      6.3.3.2.3. By Cooling Process

7. EUROPE AXIAL FLUX MOTORS MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Type
  7.2.2. By Application
  7.2.3. By Cooling Process
  7.2.4. By Country
7.3. Europe: Country Analysis
  7.3.1. Germany Axial Flux Motors Market Outlook
    7.3.1.1. Market Size & Forecast
      7.3.1.1.1. By Value
    7.3.1.2. Market Share & Forecast
      7.3.1.2.1. By Type
      7.3.1.2.2. By Application
      7.3.1.2.3. By Cooling Process
  7.3.2. France Axial Flux Motors Market Outlook
    7.3.2.1. Market Size & Forecast
      7.3.2.1.1. By Value
    7.3.2.2. Market Share & Forecast
      7.3.2.2.1. By Type
      7.3.2.2.2. By Application
      7.3.2.2.3. By Cooling Process
  7.3.3. United Kingdom Axial Flux Motors Market Outlook
    7.3.3.1. Market Size & Forecast
      7.3.3.1.1. By Value
    7.3.3.2. Market Share & Forecast
      7.3.3.2.1. By Type
      7.3.3.2.2. By Application
      7.3.3.2.3. By Cooling Process
  7.3.4. Italy Axial Flux Motors Market Outlook
    7.3.4.1. Market Size & Forecast
      7.3.4.1.1. By Value
    7.3.4.2. Market Share & Forecast
      7.3.4.2.1. By Type
      7.3.4.2.2. By Application
      7.3.4.2.3. By Cooling Process
  7.3.5. Spain Axial Flux Motors Market Outlook
    7.3.5.1. Market Size & Forecast
      7.3.5.1.1. By Value
    7.3.5.2. Market Share & Forecast
      7.3.5.2.1. By Type
      7.3.5.2.2. By Application
      7.3.5.2.3. By Cooling Process

8. ASIA PACIFIC AXIAL FLUX MOTORS MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Type
  8.2.2. By Application
  8.2.3. By Cooling Process
  8.2.4. By Country
8.3. Asia Pacific: Country Analysis
  8.3.1. China Axial Flux Motors Market Outlook
    8.3.1.1. Market Size & Forecast
      8.3.1.1.1. By Value
    8.3.1.2. Market Share & Forecast
      8.3.1.2.1. By Type
      8.3.1.2.2. By Application
      8.3.1.2.3. By Cooling Process
  8.3.2. India Axial Flux Motors Market Outlook
    8.3.2.1. Market Size & Forecast
      8.3.2.1.1. By Value
    8.3.2.2. Market Share & Forecast
      8.3.2.2.1. By Type
      8.3.2.2.2. By Application
      8.3.2.2.3. By Cooling Process
  8.3.3. Japan Axial Flux Motors Market Outlook
    8.3.3.1. Market Size & Forecast
      8.3.3.1.1. By Value
    8.3.3.2. Market Share & Forecast
      8.3.3.2.1. By Type
      8.3.3.2.2. By Application
      8.3.3.2.3. By Cooling Process
  8.3.4. South Korea Axial Flux Motors Market Outlook
    8.3.4.1. Market Size & Forecast
      8.3.4.1.1. By Value
    8.3.4.2. Market Share & Forecast
      8.3.4.2.1. By Type
      8.3.4.2.2. By Application
      8.3.4.2.3. By Cooling Process
  8.3.5. Australia Axial Flux Motors Market Outlook
    8.3.5.1. Market Size & Forecast
      8.3.5.1.1. By Value
    8.3.5.2. Market Share & Forecast
      8.3.5.2.1. By Type
      8.3.5.2.2. By Application
      8.3.5.2.3. By Cooling Process

9. MIDDLE EAST & AFRICA AXIAL FLUX MOTORS MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Type
  9.2.2. By Application
  9.2.3. By Cooling Process
  9.2.4. By Country
9.3. Middle East & Africa: Country Analysis
  9.3.1. Saudi Arabia Axial Flux Motors Market Outlook
    9.3.1.1. Market Size & Forecast
      9.3.1.1.1. By Value
    9.3.1.2. Market Share & Forecast
      9.3.1.2.1. By Type
      9.3.1.2.2. By Application
      9.3.1.2.3. By Cooling Process
  9.3.2. UAE Axial Flux Motors Market Outlook
    9.3.2.1. Market Size & Forecast
      9.3.2.1.1. By Value
    9.3.2.2. Market Share & Forecast
      9.3.2.2.1. By Type
      9.3.2.2.2. By Application
      9.3.2.2.3. By Cooling Process
  9.3.3. South Africa Axial Flux Motors Market Outlook
    9.3.3.1. Market Size & Forecast
      9.3.3.1.1. By Value
    9.3.3.2. Market Share & Forecast
      9.3.3.2.1. By Type
      9.3.3.2.2. By Application
      9.3.3.2.3. By Cooling Process

10. SOUTH AMERICA AXIAL FLUX MOTORS MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value
10.2. Market Share & Forecast
  10.2.1. By Type
  10.2.2. By Application
  10.2.3. By Cooling Process
  10.2.4. By Country
10.3. South America: Country Analysis
  10.3.1. Brazil Axial Flux Motors Market Outlook
    10.3.1.1. Market Size & Forecast
      10.3.1.1.1. By Value
    10.3.1.2. Market Share & Forecast
      10.3.1.2.1. By Type
      10.3.1.2.2. By Application
      10.3.1.2.3. By Cooling Process
  10.3.2. Colombia Axial Flux Motors Market Outlook
    10.3.2.1. Market Size & Forecast
      10.3.2.1.1. By Value
    10.3.2.2. Market Share & Forecast
      10.3.2.2.1. By Type
      10.3.2.2.2. By Application
      10.3.2.2.3. By Cooling Process
  10.3.3. Argentina Axial Flux Motors Market Outlook
    10.3.3.1. Market Size & Forecast
      10.3.3.1.1. By Value
    10.3.3.2. Market Share & Forecast
      10.3.3.2.1. By Type
      10.3.3.2.2. By Application
      10.3.3.2.3. By Cooling Process

11. MARKET DYNAMICS

11.1. Drivers
11.2. Challenges

12. MARKET TRENDS AND DEVELOPMENTS

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. COMPANY PROFILES

13.1. YASA Ltd.
  13.1.1. Business Overview
  13.1.2. Key Revenue and Financials
  13.1.3. Recent Developments
  13.1.4. Key Personnel
  13.1.5. Key Product/Services Offered
13.2. Emrax d.o.o.
13.3. GKN Automotive Limited
13.4. BorgWarner Inc.
13.5. Apex Dynamics, Inc.
13.6. Infinitum Electric, Inc.
13.7. PMS Motors
13.8. Rotary Power Ltd.

14. STRATEGIC RECOMMENDATIONS

15. ABOUT US & DISCLAIMER


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