Automotive Axial Flux Motor Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027F, Segmented By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler, Two Wheeler), By Propulsion (BEV, HEV, PHEV), By Demand Category (OEM, Aftermarket), By Region, Competition
Published Date: April - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAutomotive Axial Flux Motor Market size
Download Sample Ask for Discount Request Customization
Global Automotive Axial Flux Motor Market was valued USD 134.84 million in 2022 and is predicted to grow at CAGR of 29.80% through 2027 on account of increasing penetration of axial flux motors in electric vehicles.
An axial flux motor, also known as an axial gap motor, is an electric motor design where the magnetic flux between the rotor and stator is aligned parallel to the rotational axis as compared to radially in the case with the concentric cylindrical geometry of the radial gap motor. Axial geometry can be applied to practically every operating principle, for example, brushed DC, induction, and stepper motors that can be employed in a radial motor. Over the past years, a number of developers have worked to improve the technology so that it can be used in applications such as electric motorcycles, Airport pods, delivery trucks, electric vehicles, and even aircraft. For many years, it was used in stationary applications such as elevators and agricultural machinery.
Global economic and public health concerns were forced upon us by the COVID-19 pandemic. The production output of vehicles was consequently reduced at many automotive businesses. The majority of companies, including those in the auto sector, were compelled to close down their manufacturing operations. Axial flux technology's penetration in electric vehicles is further hampered by the technology's developmental delays.
Increasing Adoption Of Axial Flux Motors In Electric Vehicles
The demand for electric vehicles is increasing as technology advances, which in turn affects the size of the electric motor sector. According to the Global Electric Vehicle Outlook from the International Energy Agency (IEA), the number of electric vehicles will have doubled by 2021 to reach about 6.6 million. Furthermore, axial flux motors are analogous to turbocharged engines in terms of internal combustion engines. Axial flux motors require robust hardware and electromagnetic motor designs. The research and development needed for the stability and compatibility of axial flux motors in electric vehicles is being funded by a large number of organizations such as Mercedes acquisition of YASA, a manufacturer of axial flux motors, in 2022 in order to launch a new motor production line for their electrical mobility division.
Advantages of Axial Flux Motors Over Radial Flux Motors
Due to their small size and great power density, axial flux permanent magnet synchronous motors are ideal for commercial equipment such as industrial robots, pumps, compressors, blowers, electrical vehicles, and drones. Additionally, axial flux motors have a higher power density than radial motors of comparable size, producing 30–40% more torque. Due to their great efficiency, axial flux motors are a preferable option in applications requiring energy efficiency. With continuous advancements in axial flux technology, such as better cooling and superior performance, the market for automotive axial flux motors is expected to rise at a rapid pace in the subsequent years.
Costs Associated with Axial Flux Motors
Axial flux motors are more expensive than radial flux motors because they are more difficult to manufacture and design, and also because there are fewer production technologies and tools found at. Manufacturing yokeless stator axial flux motors and regulating motor temperature has always been difficult for manufacturers. Major motor manufacturers are only able to produce prototypes of this type of motor, which drives up the price of the motor. Axial flux motors are predicted to grow slowly in the initial years due to a lack of technology and production facilities.
Market Segmentation
Download Sample Ask for Discount Request Customization
The global automotive axial flux motor market is segmented by vehicle type (passenger cars, light commercial vehicles, etc.), propulsion type (BEV, HEV, PHEV), demand category (OEM, aftermarket), and region (Europe, North America, Asia-Pacific, etc.). Passenger cars currently dominate the market, driven by the rise of electric vehicles. Europe and CIS hold the largest market share, followed by North America, according to TechSci Research.
Here's a more detailed look at the segmentation
1. By Vehicle Type
-
Passenger Cars
Dominating the market due to the growing adoption of electric vehicles.
-
Light Commercial Vehicles
Increasingly utilizing axial flux motors for their compact size and high torque.
-
Medium & Heavy Commercial Vehicles
Axial flux motors are suitable for applications requiring high power and torque, such as in electric trucks.
-
Two-Wheelers
Axial flux motors are also being considered for electric scooters and motorcycles.
2. By Propulsion Type
- Battery Electric Vehicles (BEV) A primary driver for the growth of the axial flux motor market.
- Hybrid Electric Vehicles (HEV) Axial flux motors can be used for electric assistance in HEVs.
- Plug-in Hybrid Electric Vehicles (PHEV) Similar to HEVs, axial flux motors offer a solution for electric propulsion.
3. By Demand Category
- Original Equipment Manufacturers (OEM) The dominant segment, as most axial flux motors are directly integrated into vehicles by manufacturers.
- Aftermarket The market for replacement and aftermarket upgrades is also growing.
Key players in the automotive axial flux motor market include
Company Profiles
|
Attribute |
Details |
|
Market Size in 2022 |
USD 108.52 Million |
|
Market Size in 2027 |
USD 108.52 Million |
|
Growth Rate |
29.80% |
|
Base Year |
2021 |
|
Historical Years |
2017 – 2020 |
|
Estimated Year |
2022 |
|
Forecast Period |
2023 – 2027 |
|
Quantitative Units |
Revenue in USD Billion, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
|
Report Coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
|
Segments Covered |
Vehicle Type Propulsion Demand Category Region |
|
Regional Scope |
Asia-Pacific, North America, Europe, Middle East & Africa, South America |
|
Country Scope |
United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, Russia, Belgium, China, Japan, South Korea, India, Malaysia, Indonesia, Thailand, Vietnam, South Africa, Saudi Arabia, United Arab Emirates, Argentina, Brazil, Colombia. |
|
Key Companies Profiled |
YASA Limited, Magnax BV, Saietta Group Plc, Whylot Electromechanical Solutions, Emrax D.o.o, Lucchi R. E Motor Solution, Agni Motors Ltd., Turntide Technologies, Maglec Propulsion Ltd., Dana TM4 |
|
Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy