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

  • Industry : Automotive
  • Pages : 110
  • Published Date : February, 2023
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Summary

Report Description

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 available. 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.


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Market Segmentation

The global automotive axial flux motor market is segmented on the basis of vehicle type, propulsion, demand category, and region. Based on vehicle type, the market is segmented on the basis of passenger car, light commercial vehicle, medium & heavy commercial vehicle, and two wheeler. Based on propulsion type, the market is segmented into BEV, HEV, PHEV. Based on demand category, the market is further bifurcated into OEM and Aftermarket. On the basis of region, the market is divided into Asia-Pacific, Europe & CIS, North America, South America, Middle East & Africa.

Company Profiles

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 are the key players developing advanced technologies to stay competitive in the market and enhancing their product portfolio in the regions to increase their customer outreach.

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)

Report Scope:

In this report, global automotive axial flux motor market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  •  Global Automotive Axial Flux Motor Market, By Vehicle Type:
    • Passenger Car
    • Light Commercial Vehicle
    • Medium & Heavy Commercial Vehicle
    • Two Wheeler

·         Global Automotive Axial Flux Motor Market, By Propulsion:

    • BEV
    • HEV
    • PHEV

·         Global Automotive Axial Flux Motor Market, By Demand Category:

    • OEM
    • Aftermarket
  • Global Automotive Axial Flux Motor Market, By Region:
    • Europe & CIS
      • Germany
      • France
      • United Kingdom
      • Spain
      • Italy
      • Belgium
      • Russia
    • North America
      • United States
      • Canada
      • Mexico
    • Asia-Pacific
      • China
      • India
      • Japan
      • Malaysia
      • Thailand
      • Indonesia
      • Vietnam
      • South Korea
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Iran
      • Turkey
      • Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global Automotive Axial Flux Motor Market.

Available Customizations:

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).

Automotive Axial flux motor market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

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.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Automotive Axial Flux Motor Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Aided and Unaided Brand Recall

5.3.  Brand Satisfaction Level

6.    Global Automotive Axial Flux Motor Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Volume

6.1.2.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler, Two Wheeler)

6.2.2.     By Propulsion (BEV, HEV, PHEV)

6.2.3.     By Demand Category (OEM, Aftermarket)

6.2.4.     By Region

6.2.5.     By Company (2022)

6.3.  Global Automotive Axial Flux Motor Market Mapping & Opportunity

6.3.1.     Market Mapping & Opportunity by Propulsion

6.3.2.     Market Mapping & Opportunity by Region

7.    Asia Pacific Automotive Axial Flux Motor Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Volume

7.1.2.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

7.2.2.     By Propulsion (BEV, HEV, PHEV)

7.2.3.     By Demand Category (OEM, Aftermarket)

7.3.  Asia Pacific Automotive Axial Flux Motor Market Mapping & Opportunity

7.3.1.     Market Mapping & Opportunity by Propulsion

7.3.2.     Market Mapping & Opportunity by Country

8.    Europe & CIS Automotive Axial Flux Motor Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Volume

8.1.2.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

8.2.2.     By Propulsion (BEV, HEV, PHEV)

8.2.3.     By Demand Category (OEM, Aftermarket)

8.3.  Europe Automotive Axial Flux Motor Market Mapping & Opportunity

8.3.1.     Market Mapping & Opportunity by Propulsion

8.3.2.     Market Mapping & Opportunity by Country

8.4.  Europe & CIS: Country Analysis

8.4.1.     United Kingdom Automotive Axial Flux Motor Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Volume

8.4.1.1.2.             By Value

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

8.4.1.2.2.             By Propulsion (BEV, HEV, PHEV)

8.4.1.2.3.             By Demand Category (OEM, Aftermarket)

8.4.2.     France Automotive Axial Flux Motor Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Volume

8.4.2.1.2.             By Value

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

8.4.2.2.2.             By Propulsion (BEV, HEV, PHEV)

8.4.2.2.3.             By Demand Category (OEM, Aftermarket)

8.4.3.     Germany Automotive Axial Flux Motor Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Volume

8.4.3.1.2.             By Value

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

8.4.3.2.2.             By Propulsion (BEV, HEV, PHEV)

8.4.3.2.3.             By Demand Category (OEM, Aftermarket)

8.4.4.     Italy Automotive Axial Flux Motor Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Volume

8.4.4.1.2.             By Value

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

8.4.4.2.2.             By Propulsion (BEV, HEV, PHEV)

8.4.4.2.3.             By Demand Category (OEM, Aftermarket)

8.4.5.     Belgium Automotive Axial Flux Motor Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Volume

8.4.5.1.2.             By Value

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

8.4.5.2.2.             By Propulsion (BEV, HEV, PHEV)

8.4.5.2.3.             By Demand Category (OEM, Aftermarket)

8.4.6.     Spain Automotive Axial Flux Motor Market Outlook

8.4.6.1.         Market Size & Forecast

8.4.6.1.1.             By Volume

8.4.6.1.2.             By Value

8.4.6.2.         Market Share & Forecast

8.4.6.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

8.4.6.2.2.             By Propulsion (BEV, HEV, PHEV)

8.4.6.2.3.             By Demand Category (OEM, Aftermarket)

8.4.7.     Russia Automotive Axial Flux Motor Market Outlook

8.4.7.1.         Market Size & Forecast

8.4.7.1.1.             By Volume

8.4.7.1.2.             By Value

8.4.7.2.         Market Share & Forecast

8.4.7.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

8.4.7.2.2.             By Propulsion (BEV, HEV, PHEV)

8.4.7.2.3.             By Demand Category (OEM, Aftermarket)

9.    North America Automotive Axial Flux Motor Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Volume

9.1.2.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

9.2.2.     By Propulsion (BEV, HEV, PHEV)

9.2.3.     By Demand Category (OEM, Aftermarket)

9.2.4.     By Country

9.3.  North America Automotive Axial Flux Motor Market Mapping & Opportunity

9.3.1.     Market Mapping & Opportunity by Propulsion

9.3.2.     Market Mapping & Opportunity by Country

9.4.  North America: Country Analysis

9.4.1.     United States Automotive Axial Flux Motor Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Volume

9.4.1.1.2.             By Value

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

9.4.1.2.2.             By Propulsion (BEV, HEV, PHEV)

9.4.1.2.3.             By Demand Category (OEM, Aftermarket)

9.4.2.     Canada Automotive Axial Flux Motor Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Volume

9.4.2.1.2.             By Value

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

9.4.2.2.2.             By Propulsion (BEV, HEV, PHEV)

9.4.2.2.3.             By Demand Category (OEM, Aftermarket)

9.4.3.     Mexico Automotive Axial Flux Motor Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Volume

9.4.3.1.2.             By Value

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

9.4.3.2.2.             By Propulsion (BEV, HEV, PHEV)

9.4.3.2.3.             By Demand Category (OEM, Aftermarket)

9.5.  Asia Pacific: Country Analysis

9.5.1.     China Automotive Axial Flux Motor Market Outlook

9.5.1.1.         Market Size & Forecast

9.5.1.1.1.             By Volume

9.5.1.1.2.             By Value

9.5.1.2.         Market Share & Forecast

9.5.1.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

9.5.1.2.2.             By Propulsion (BEV, HEV, PHEV)

9.5.1.2.3.             By Demand Category (OEM, Aftermarket)

9.5.2.     Japan Automotive Axial Flux Motor Market Outlook

9.5.2.1.         Market Size & Forecast

9.5.2.1.1.             By Volume

9.5.2.1.2.             By Value

9.5.2.2.         Market Share & Forecast

9.5.2.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

9.5.2.2.2.             By Propulsion (BEV, HEV, PHEV)

9.5.2.2.3.             By Demand Category (OEM, Aftermarket)

9.5.3.     South Korea Automotive Axial Flux Motor Market Outlook

9.5.3.1.         Market Size & Forecast

9.5.3.1.1.             By Volume

9.5.3.1.2.             By Value

9.5.3.2.         Market Share & Forecast

9.5.3.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

9.5.3.2.2.             By Propulsion (BEV, HEV, PHEV)

9.5.3.2.3.             By Demand Category (OEM, Aftermarket)

9.5.4.     India Automotive Axial Flux Motor Market Outlook

9.5.4.1.         Market Size & Forecast

9.5.4.1.1.             By Volume

9.5.4.1.2.             By Value

9.5.4.2.         Market Share & Forecast

9.5.4.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

9.5.4.2.2.             By Propulsion (BEV, HEV, PHEV)

9.5.4.2.3.             By Demand Category (OEM, Aftermarket)

9.5.5.     Indonesia Automotive Axial Flux Motor Market Outlook

9.5.5.1.         Market Size & Forecast

9.5.5.1.1.             By Volume

9.5.5.1.2.             By Value

9.5.5.2.         Market Share & Forecast

9.5.5.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

9.5.5.2.2.             By Propulsion (BEV, HEV, PHEV)

9.5.5.2.3.             By Demand Category (OEM, Aftermarket)

9.5.6.     Thailand Automotive Axial Flux Motor Market Outlook

9.5.6.1.         Market Size & Forecast

9.5.6.1.1.             By Volume

9.5.6.1.2.             By Value

9.5.6.2.         Market Share & Forecast

9.5.6.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

9.5.6.2.2.             By Propulsion (BEV, HEV, PHEV)

9.5.6.2.3.             By Demand Category (OEM, Aftermarket)

9.5.7.     Malaysia Automotive Axial Flux Motor Market Outlook

9.5.7.1.         Market Size & Forecast

9.5.7.1.1.             By Volume

9.5.7.1.2.             By Value

9.5.7.2.         Market Share & Forecast

9.5.7.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

9.5.7.2.2.             By Propulsion (BEV, HEV, PHEV)

9.5.7.2.3.             By Demand Category (OEM, Aftermarket)

9.5.8.     Vietnam Automotive Axial Flux Motor Market Outlook

9.5.8.1.         Market Size & Forecast

9.5.8.1.1.             By Volume

9.5.8.1.2.             By Value

9.5.8.2.         Market Share & Forecast

9.5.8.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

9.5.8.2.2.             By Propulsion (BEV, HEV, PHEV)

9.5.8.2.3.             By Demand Category (OEM, Aftermarket)

10.  South America Automotive Axial Flux Motor Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Volume

10.1.2.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

10.2.2.  By Propulsion (BEV, HEV, PHEV)

10.2.3.  By Demand Category (OEM, Aftermarket)

10.3.              South America Automotive Axial Flux Motor Market Mapping & Opportunity

10.3.1.  Market Mapping & Opportunity by Propulsion

10.3.2.  Market Mapping & Opportunity by Country

10.4.              South America: Country Analysis

10.4.1.  Brail Automotive Axial Flux Motor Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Volume

10.4.1.1.2.           By Value

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

10.4.1.2.2.           By Propulsion (BEV, HEV, PHEV)

10.4.1.2.3.           By Demand Category (OEM, Aftermarket)

10.4.2.  Argentina Automotive Axial Flux Motor Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Volume

10.4.2.1.2.           By Value

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

10.4.2.2.2.           By Propulsion (BEV, HEV, PHEV)

10.4.2.2.3.           By Demand Category (OEM, Aftermarket)

10.4.3.  Colombia Automotive Axial Flux Motor Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Volume

10.4.3.1.2.           By Value

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

10.4.3.2.2.           By Propulsion (BEV, HEV, PHEV)

10.4.3.2.3.           By Demand Category (OEM, Aftermarket)

11.  Middle East and Africa Automotive Axial Flux Motor Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.1.2.  By Volume

11.2.              Market Share & Forecast

11.2.1.  By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

11.2.2.  By Propulsion (BEV, HEV, PHEV)

11.2.3.  By Demand Category (OEM, Aftermarket)

11.3.              Middle East and Africa Automotive Axial Flux Motor Market Mapping & Opportunity

11.3.1.  Market Mapping & Opportunity by Propulsion

11.3.2.  Market Mapping & Opportunity by Country

11.4.              Middle East and Africa: Country Analysis

11.4.1.  Turkey Automotive Axial Flux Motor Market Outlook

11.4.1.1.      Market Size & Forecast

11.4.1.1.1.           By Volume

11.4.1.1.2.           By Value

11.4.1.2.      Market Share & Forecast

11.4.1.2.1.           By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

11.4.1.2.2.           By Propulsion (BEV, HEV, PHEV)

11.4.1.2.3.           By Demand Category (OEM, Aftermarket)

11.4.2.  South Africa Automotive Axial Flux Motor Market Outlook

11.4.2.1.      Market Size & Forecast

11.4.2.1.1.           By Volume

11.4.2.1.2.           By Value

11.4.2.2.      Market Share & Forecast

11.4.2.2.1.           By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

11.4.2.2.2.           By Propulsion (BEV, HEV, PHEV)

11.4.2.2.3.           By Demand Category (OEM, Aftermarket)

11.4.3.  Iran Automotive Axial Flux Motor Market Outlook

11.4.3.1.      Market Size & Forecast

11.4.3.1.1.           By Volume

11.4.3.1.2.           By Value

11.4.3.2.      Market Share & Forecast

11.4.3.2.1.           By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

11.4.3.2.2.           By Propulsion (BEV, HEV, PHEV)

11.4.3.2.3.           By Demand Category (OEM, Aftermarket)

11.4.4.  Egypt Automotive Axial Flux Motor Market Outlook

11.4.4.1.      Market Size & Forecast

11.4.4.1.1.           By Volume

11.4.4.1.2.           By Value

11.4.4.2.      Market Share & Forecast

11.4.4.2.1.           By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler)

11.4.4.2.2.           By Propulsion (BEV, HEV, PHEV)

11.4.4.2.3.           By Demand Category (OEM, Aftermarket)

12.  Market Dynamics

12.1.              Drivers

12.1.1.  Increasing adoption of axial flux motors in electric vehicles

12.1.2.  Advantages of Axial Flux Motors Over Radial Flux Motors

12.2.              Challenges

12.2.1.  Costs Associated with Axial Flux Motors

12.3.              Market Trends and Developments

12.3.1.  Shifting Trend Toward Axial Flux Motor

12.3.2.  Use of Axial Flux in Super Cars

13.  Porter’s Five Forces Model

13.1.              Competition Landscape

13.2.              Buyer Power

13.3.              Supplier Power

13.4.              Threat of New Entrants

13.5.              Threat of Substitutes

14.  Competitive Landscape

14.1.              Magnax BV

14.1.1.  Company Details

14.1.2.  Products & Services

14.1.3.  Recent Development

14.1.4.  Key Management Personnel

14.2.              Saietta Group Plc

14.2.1.  Company Details

14.2.2.  Products & Services

14.2.3.  Recent Development

14.2.4.  Key Management Personnel

14.3.              Emrax D.o.o

14.3.1.  Company Details

14.3.2.  Products & Services

14.3.3.  Recent Development

14.3.4.  Key Management Personnel

14.4.              Whylot Electromechanical Solutions

14.4.1.  Company Details

14.4.2.  Products & Services

14.4.3.  Recent Development

14.4.4.  Key Management Personnel

14.5.              Lucchi R. E Motor Solution

14.5.1.  Company Details

14.5.2.  Products & Services

14.5.3.  Recent Development

14.5.4.  Key Management Personnel

14.6.              Agni Motors Ltd

14.6.1.  Company Details

14.6.2.  Products & Services

14.6.3.  Recent Development

14.6.4.  Key Management Personnel

14.7.              Turntide Technologies

14.7.1.  Company Details

14.7.2.  Products & Services

14.7.3.  Recent Development

14.7.4.  Key Management Personnel

14.8.              Maglec Propulsion Ltd

14.8.1.  Company Details

14.8.2.  Products & Services

14.8.3.  Recent Development

14.8.4.  Key Management Personnel

14.9.              Dana TM4

14.9.1.  Company Details

14.9.2.  Products & Services

14.9.3.  Recent Development

14.9.4.  Key Management Personnel

14.10.            YASA Limited

14.10.1.                Company Details

14.10.2.                Products & Services

14.10.3.                Recent Development

14.10.4.                Key Management Personnel

15.  Strategic Recommendations

15.1.              Key Focus Areas

15.2.              Target Regions & Countries

15.3.              Target Category

16.  About Us & Disclaimer

Figures and Tables

Figure 1:               Global Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 2:               Global Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 3:               Global Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 4:               Global Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 5:               Global Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 6:               Global Automotive Axial Flux Motor Market Share, By Region, By Value, 2017-2027F

Figure 7:               Global Automotive Axial Flux Motor Market Share, By Company, By Value, 2021

Figure 8:               Global Automotive Axial Flux Motor Market Map, By Propulsion, Market Size (USD Million) & Growth Rate (%), 2021

Figure 9:               Global Automotive Axial Flux Motor Market Map, By Region, Market Size (USD Million) & Growth Rate (%),2021

Figure 10:            Europe & CIS Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 11:            Europe & CIS Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 12:            Europe & CIS Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 13:            Europe & CIS Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 14:            Europe & CIS Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 15:            Europe & CIS Automotive Axial Flux Motor Market Share, By Country, By Value, 2017-2027F

Figure 16:            Europe & CIS Automotive Axial Flux Motor Market Map, By Propulsion, Market Size (USD Million) & Growth Rate (%), 2021

Figure 17:            Europe & CIS Automotive Axial Flux Motor Market Map, By Region, Market Size (USD Million) & Growth Rate (%),2021

Figure 18:            United Kingdom Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 19:            United Kingdom Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 20:            United Kingdom Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 21:            United Kingdom Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 22:            United Kingdom Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 23:            France Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 24:            France Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 25:            France Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 26:            France Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 27:            France Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 28:            Germany Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 29:            Germany Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 30:            Germany Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 31:            Germany Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 32:            Germany Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 33:            Italy Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 34:            Italy Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 35:            Italy Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 36:            Italy Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 37:            Italy Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 38:            Belgium Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 39:            Belgium Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 40:            Belgium Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 41:            Belgium Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 42:            Belgium Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 43:            Spain Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 44:            Spain Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 45:            Spain Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 46:            Spain Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 47:            Spain Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 48:            Russia Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 49:            Russia Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 50:            Russia Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 51:            Russia Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 52:            Russia Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 53:            North America Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 54:            North America Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 55:            North America Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 56:            North America Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 57:            North America Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 58:            North America Automotive Axial Flux Motor Market Share, By Country, By Value, 2017-2027F

Figure 59:            North America Automotive Axial Flux Motor Market Map, By Propulsion, Market Size (USD Million) & Growth Rate (%), 2021

Figure 60:            North America Automotive Axial Flux Motor Market Map, By Region, Market Size (USD Million) & Growth Rate (%),2021

Figure 61:            United States Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 62:            United States Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 63:            United States Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 64:            United States Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 65:            United States Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 66:            Canada Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 67:            Canada Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 68:            Canada Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 69:            Canada Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 70:            Canada Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 71:            Mexico Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 72:            Mexico Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 73:            Mexico Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 74:            Mexico Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 75:            Mexico Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 76:            Asia-Pacific Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 77:            Asia-Pacific Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 78:            Asia-Pacific Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 79:            Asia-Pacific Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 80:            Asia-Pacific Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 81:            Asia-Pacific Automotive Axial Flux Motor Market Share, By Country, By Value, 2017-2027F

Figure 82:            Asia-Pacific Automotive Axial Flux Motor Market Map, By Propulsion, Market Size (USD Million) & Growth Rate (%), 2021

Figure 83:            Asia-Pacific Automotive Axial Flux Motor Market Map, By Region, Market Size (USD Million) & Growth Rate (%),2021

Figure 84:            China Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 85:            China Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 86:            China Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 87:            China Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 88:            China Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 89:            Japan Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 90:            Japan Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 91:            Japan Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 92:            Japan Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 93:            Japan Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 94:            South Korea Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 95:            South Korea Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 96:            South Korea Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 97:            South Korea Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 98:            South Korea Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 99:            India Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 100:          India Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 101:          India Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 102:          India Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 103:          India Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 104:          Indonesia Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 105:          Indonesia Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 106:          Indonesia Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 107:          Indonesia Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 108:          Indonesia Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 109:          Thailand Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 110:          Thailand Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 111:          Thailand Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 112:          Thailand Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 113:          Thailand Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 114:          Malaysia Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 115:          Malaysia Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 116:          Malaysia Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 117:          Malaysia Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 118:          Malaysia Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 119:          Vietnam Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 120:          Vietnam Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 121:          Vietnam Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 122:          Vietnam Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 123:          Vietnam Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 124:          South America Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 125:          South America Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 126:          South America Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 127:          South America Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 128:          South America Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 129:          South America Automotive Axial Flux Motor Market Share, By Country, By Value, 2017-2027F

Figure 130:          South America Automotive Axial Flux Motor Market Map, By Propulsion, Market Size (USD Million) & Growth Rate (%), 2021

Figure 131:          South America Automotive Axial Flux Motor Market Map, By Region, Market Size (USD Million) & Growth Rate (%),2021

Figure 132:          Brazil Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 133:          Brazil Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 134:          Brazil Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 135:          Brazil Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 136:          Brazil Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 137:          Argentina Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 138:          Argentina Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 139:          Argentina Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 140:          Argentina Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 141:          Argentina Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 142:          Colombia Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 143:          Colombia Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 144:          Colombia Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 145:          Colombia Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 146:          Colombia Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 147:          Middle East and Africa Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 148:          Middle East and Africa Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 149:          Middle East and Africa Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 150:          Middle East and Africa Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 151:          Middle East and Africa Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 152:          Middle East and Africa Automotive Axial Flux Motor Market Share, By Country, By Value, 2017-2027F

Figure 153:          Middle East and Africa Automotive Axial Flux Motor Market Map, By Propulsion, Market Size (USD Million) & Growth Rate (%), 2021

Figure 154:          Middle East and Africa Automotive Axial Flux Motor Market Map, By Region, Market Size (USD Million) & Growth Rate (%),2021

Figure 155:          Turkey Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 156:          Turkey Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 157:          Turkey Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 158:          Turkey Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 159:          Turkey Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 160:          South Africa Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 161:          South Africa Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 162:          South Africa Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 163:          South Africa Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 164:          South Africa Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 165:          Iran Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 166:          Iran Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 167:          Iran Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 168:          Iran Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 169:          Iran Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Figure 170:          Egypt Automotive Axial Flux Motor Market Size, By Value (USD Million), 2017-2027F

Figure 171:          Egypt Automotive Axial Flux Motor Market Size, By Volume (Units), 2017-2027F

Figure 172:          Egypt Automotive Axial Flux Motor Market Share, By Vehicle Type, By Value, 2017-2027F

Figure 173:          Egypt Automotive Axial Flux Motor Market Share, By Propulsion, By Value, 2017-2027F

Figure 174:          Egypt Automotive Axial Flux Motor Market Share, By Demand Category, By Value, 2017-2027F

Frequently asked questions

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Delays in research and development and high cost due to lack of technology affects the Global Automotive Axial Flux Motor market.

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In 2022, Passenger car segment captures majority of shares global automotive axial flux motor market based on vehicle type.

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The major players in the global Automotive Axial Flux Motor Market are Magnax BV, Saietta Group Plc, Maglec Propulsion Ltd, and YASA Limited etc.

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With increase in specification such as high torque, high density, and lower weight of axial flux motors drives the growth of automotive axial flux motor market.

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Srishti Verma

Business Consultant
Press Release

Automotive Axial Flux Motor Market to be Valued over USD 496 Million by 2027

Feb, 2023

Development in research & development of axial flux motor and upsurge in the demand for zero emission electric vehicles is expected to drive the growth of global automotive axial flux motor market du

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