Axial Flux Motors Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Cooling Process, By Type, By Application, By Region & Competition, 2020-2030F
The Global Axial Flux Motors Market was valued at USD 240.5 million in 2024 and is anticipated to reach 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 to their 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 to conventional systems. Additionally, increasing investments in renewable energy infrastructure and innovations in motor materials and manufacturing techniques are helping to reduce production costs and expand their application across multiple industries.
Market Overview
Forecast Period
2026-2030
Market Size 2024
USD 240.5 Million
Market Size 2030
USD 1123.5 Million
CAGR 2025-2030
29.1%
Fastest Growing Segment
Air Cooling
Largest Market
North America
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 to enhance 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 to strengthen their position in the electric powertrain sector. According to the 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 to conventional 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 to achieve economies of scale, deterring manufacturers from switching to axial 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 into EVs and HEVs is rapidly emerging as a dominant trend in the global market. Automakers are increasingly turning to these motors to meet the demand for improved performance, reduced emissions, and greater efficiency. Axial flux motors provide high torque output in a compact form, contributing to better acceleration and more efficient use of vehicle space. Their design also supports 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 cargo space. As automotive manufacturers continue to prioritize sustainable, high-performance solutions, investments in R&D and strategic collaborations are accelerating the incorporation of axial flux motors into next-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 into the following categories, in addition to the industry trends which have also been 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 to a company's specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to five).
Table of Contents
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)