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

Market Overview

Global Axial Flux Motors Market was valued at USD 240.5 million in 2024 and is expected to reach USD 1123.5 million by 2030 with a CAGR of 29.1% through 2030. The rising demand for electric vehicles (EVs) plays a significant role, as axial flux motors offer higher efficiency, compact design, and improved power density, making them ideal for EV applications. Their lightweight and compact design also makes them attractive in sectors like aerospace, drones, and robotics, where space and weight reduction are crucial.

As battery technology advances, allowing for more powerful and efficient batteries, the performance of axial flux motors improves, boosting their use in EVs and renewable energy systems. The global push for sustainability and reducing carbon emissions aligns with the high energy efficiency of axial flux motors, making them an eco-friendly choice for various applications. Furthermore, the growing investment in renewable energy technologies, particularly in wind turbines and energy storage systems, enhances the demand for efficient, space-saving motors. Technological innovations in materials and manufacturing processes further reduce costs and improve the feasibility of adopting axial flux motors across industries. These factors collectively position axial flux motors as a key technology in driving the transition to more efficient and sustainable systems across sectors.

Key Market Drivers

Rising Demand for Electric Vehicles (EVs)

The growing demand for electric vehicles (EVs) is one of the primary drivers of the Global Axial Flux Motors Market. As the automotive industry transitions toward electrification, there is an increasing focus on developing more efficient and compact electric motor technologies. Axial flux motors are emerging as a superior alternative to traditional radial flux motors due to their unique design, which allows for higher power density and efficiency while being significantly lighter and more compact. This is a crucial advantage in the EV market, where reducing the weight of components is vital for improving the vehicle's overall performance and range. Companies such as BorgWarner and GKN Automotive are making significant investments in the development and adoption of axial flux motors, frequently through strategic partnerships and acquisitions. These investments are focused on enhancing their expertise in electric powertrains and advancing green energy solutions. Global EV sales surpassed 14 million units in 2023, accounting for 18% of all new car sales, according to the International Energy Agency (IEA).

The compact nature of axial flux motors also allows for more flexible and optimized integration within the vehicle's design. In an electric vehicle, every kilogram of weight saved can contribute to an increased range, improved acceleration, and better overall performance. As a result, manufacturers are increasingly considering axial flux motors for use in electric cars, buses, trucks, and two-wheelers. Additionally, axial flux motors can provide the high torque required for electric vehicles, which is essential for quick acceleration and efficiency.

Another significant advantage of axial flux motors in EV applications is their high efficiency. As the electric vehicle market grows, manufacturers are constantly seeking ways to improve vehicle performance while lowering energy consumption. Axial flux motors can operate at higher efficiencies compared to conventional motors, which translates into better range per charge and lower energy use. This is particularly important as consumers demand electric vehicles that can travel longer distances on a single charge. The growing focus on reducing carbon emissions and improving energy efficiency further drives the adoption of these motors in electric vehicle platforms.

In addition, many governments around the world are offering incentives and subsidies to encourage the adoption of electric vehicles. These policies, coupled with the increase in consumer demand for sustainable transportation, create a favorable environment for the adoption of advanced technologies like axial flux motors. As the EV industry continues to expand, the demand for more efficient and lightweight motor solutions will continue to grow, positioning axial flux motors as a critical component in meeting these demands.

In summary, the rising demand for electric vehicles is a key market driver for the axial flux motors market. The need for more efficient, compact, and lightweight motor technologies aligns well with the advantages of axial flux motors, making them a preferred choice for the growing EV industry. As this market continues to expand globally, the adoption of axial flux motors in electric vehicles is expected to increase, further driving market growth.

Technological Advancements and Innovation in Motor Design

Technological advancements and innovations in motor design are pivotal factors contributing to the growth of the Global Axial Flux Motors Market. In recent years, significant strides have been made in materials science, motor architecture, and manufacturing processes, making axial flux motors more efficient, cost-effective, and suitable for a wide range of applications. These improvements are driving their adoption across various industries, including automotive, aerospace, and renewable energy.

One of the key areas of innovation is in materials and magnetic design. The use of advanced magnetic materials and techniques, such as high-energy permanent magnets and improved stator and rotor designs, has increased the efficiency of axial flux motors. These materials allow for a greater concentration of magnetic flux, resulting in higher torque and power output in a smaller, more compact package. As a result, axial flux motors can deliver the same or better performance than traditional radial flux motors while taking up less space and weight. This is particularly important in applications like electric vehicles, where every reduction in size and weight directly contributes to improved performance, range, and efficiency.

Furthermore, advancements in cooling technology have enhanced the thermal management of axial flux motors, enabling them to operate at higher power outputs without overheating. In high-performance applications such as electric vehicles and industrial machinery, maintaining optimal operating temperatures is crucial for ensuring the longevity and reliability of motors. The development of advanced cooling techniques, such as liquid cooling and heat dissipation systems, has made it feasible to use axial flux motors in demanding environments without sacrificing performance.

Manufacturing techniques have also seen significant improvements. The development of more efficient winding techniques, automated assembly processes, and additive manufacturing (3D printing) has lowered production costs and improved the scalability of axial flux motors. As these motors become more cost-competitive with traditional motor technologies, they become a more viable option for mass-market applications. For example, the use of automated winding techniques enables the production of high-precision, high-performance motors at a lower cost, making them more accessible to manufacturers.

In addition, integration with digital technologies is improving the performance and adaptability of axial flux motors. Motor control systems powered by artificial intelligence (AI) and machine learning can optimize the operation of axial flux motors in real time, improving their efficiency, performance, and lifespan. These digital innovations make it easier for manufacturers to customize axial flux motors for specific applications, from electric vehicles to industrial automation and renewable energy systems.

Technological advancements in axial flux motor design not only improve their performance and efficiency but also open up new markets and applications. As innovation continues to drive down costs and enhance the capabilities of axial flux motors, their adoption across various industries, particularly in electric vehicles, renewable energy, and aerospace, will continue to rise, making technological progress a major driver for the market’s growth. As of 2024, there are over 40 million EVs on the road globally, with this number expected to exceed 240 million by 2030.

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Key Market Challenges

High Manufacturing Costs and Scalability Issues

Despite the significant advantages of axial flux motors, one of the key challenges hindering their widespread adoption is the high manufacturing costs associated with their production. While these motors offer superior efficiency, power density, and compactness compared to conventional radial flux motors, the materials and advanced technologies required to build them can make them more expensive to produce. For instance, the use of high-performance permanent magnets, advanced magnetic materials, and precision manufacturing techniques raises the production costs considerably. Additionally, the complexity of the design, which includes multi-phase windings and high precision rotor-stator arrangements, adds to the manufacturing expenses.

For many companies, particularly in industries like automotive, where cost efficiency is crucial, these high manufacturing costs pose a significant barrier to adopting axial flux motors, especially when compared to more established and cost-effective motor technologies. The price point of axial flux motors can make them unaffordable for mass-market applications, which is a concern for industries such as electric vehicles, where affordability is a key factor in driving adoption. As a result, manufacturers may be hesitant to switch from traditional radial flux motors, which have a well-established and cost-effective production process.

Additionally, scalability issues contribute to the market challenge. While axial flux motors offer numerous advantages, such as lightweight and compact design, their adoption is still relatively limited compared to radial flux motors, primarily because of the difficulty in scaling production. Unlike conventional motor technologies that have been refined over decades, axial flux motor designs are still evolving. Establishing large-scale manufacturing facilities that can produce these motors in mass quantities with consistent quality remains a significant challenge. This limits the ability to meet the growing demand in high-volume markets such as electric vehicles and renewable energy systems.

The lack of widespread manufacturing infrastructure for axial flux motors also results in limited availability of qualified suppliers, which can further increase costs and hinder market expansion. Manufacturers may face difficulties in sourcing high-quality materials, and the lack of economies of scale can prevent them from achieving cost reductions. Consequently, until there is a significant reduction in manufacturing costs and an increase in production capabilities, the adoption of axial flux motors in large-scale applications remains constrained.

In summary, the high manufacturing costs and scalability challenges associated with axial flux motors are significant barriers to their widespread adoption. While the technology holds great potential, it will require continued innovation in manufacturing processes, economies of scale, and cost reduction to make axial flux motors more affordable and accessible for mass-market applications.

Limited Industry Standards and Integration Challenges

Another significant challenge facing the Global Axial Flux Motors Market is the lack of industry standards and the associated integration challenges. Axial flux motors, while showing great promise, are still a relatively new technology, and as such, there are no universally accepted industry standards for their design, performance, or integration into existing systems. This lack of standardization creates confusion and uncertainty for manufacturers, engineers, and end-users, making it difficult to ensure compatibility with existing equipment and systems.

In the automotive industry, for instance, the integration of axial flux motors into electric vehicles (EVs) requires specialized designs to ensure that the motor can work seamlessly with the vehicle’s powertrain, battery, and control systems. Since axial flux motors differ in structure from traditional radial flux motors, adapting them to existing EV architectures can require significant redesigns or retrofitting. This can lead to delays, increased costs, and potential compatibility issues that make the adoption of axial flux motors more challenging for manufacturers. Additionally, since the technology is still evolving, different manufacturers may have their own variations of axial flux motor designs, further complicating integration into standardized platforms.

In industries like renewable energy, particularly wind power, where axial flux motors are gaining traction, the absence of clear standards poses similar issues. Wind turbine manufacturers, for example, need to ensure that the motors they use are compatible with the turbine's control systems, grid connection, and overall design specifications. The lack of established standards makes it harder for engineers to evaluate whether axial flux motors will integrate effectively with existing turbine designs, potentially slowing down their adoption in the renewable energy sector.

Moreover, the lack of clear performance metrics and testing standards for axial flux motors complicates their acceptance by both industry players and regulators. Without universally agreed-upon benchmarks for motor performance—such as efficiency ratings, power output, and durability standards—it becomes difficult for potential customers to accurately assess the benefits of axial flux motors over traditional alternatives. This lack of standardized performance data can lead to hesitation among manufacturers and investors, as they may perceive the technology as unproven or uncertain.

The integration challenges extend beyond just compatibility issues. Axial flux motors require new control systems, cooling mechanisms, and housing designs that may not be readily available. Developing or adapting existing infrastructure to support these new motor technologies can incur additional costs and engineering effort. For companies looking to adopt axial flux motors in large-scale applications, the absence of a plug-and-play solution increases the complexity and cost of integration, which can deter widespread adoption.

Key Market Trends

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

One of the most prominent trends driving the Global Axial Flux Motors Market is the increasing adoption of these motors in electric vehicles (EVs) and hybrid electric vehicles (HEVs). The demand for more efficient, lightweight, and powerful motors is growing as the automotive industry focuses on reducing emissions and improving vehicle performance. Axial flux motors, with their compact design and high power density, are becoming increasingly attractive for automakers looking to optimize space, reduce weight, and enhance performance in EVs and HEVs.

Axial flux motors offer a significant advantage in terms of efficiency and weight compared to traditional radial flux motors, which is particularly crucial in the EV market. In an electric vehicle, reducing the weight of components directly contributes to improved range and energy efficiency. The high torque output of axial flux motors also provides excellent acceleration, which is a key performance requirement for electric vehicles. Moreover, their smaller size allows for better space utilization in the vehicle's design, freeing up space for larger batteries or additional storage, thus boosting the overall functionality of the vehicle.

Automakers are increasingly focusing on the development and integration of axial flux motors into their next-generation EVs and HEVs to meet consumer expectations for better performance and longer range on a single charge. As a result, many companies are investing in R&D and partnerships to explore the potential of axial flux motors. The growing emphasis on reducing the environmental impact of transportation, coupled with consumer demand for sustainable and efficient vehicles, is accelerating the adoption of axial flux motors in the electric vehicle industry. As these vehicles gain traction, the demand for axial flux motors is expected to continue growing, making the automotive sector a major driver for the market.

Advances in Manufacturing Technologies and Cost Reduction

Another key trend in the Global Axial Flux Motors Market is the continuous advancements in manufacturing technologies that are enabling cost reductions and improving the scalability of axial flux motor production. As the market for axial flux motors expands, manufacturers are investing in innovative production methods to make these motors more affordable and accessible for a wider range of industries. These advancements are helping overcome some of the barriers related to high manufacturing costs and scalability challenges that have traditionally limited the widespread adoption of axial flux motors.

One of the main developments is the use of advanced materials and automated manufacturing techniques, which are lowering production costs. For instance, the integration of high-performance materials such as high-energy permanent magnets, advanced stator designs, and optimized winding techniques enables the production of more efficient axial flux motors at a lower cost. These innovations not only improve motor performance but also make them more cost-effective for large-scale production. Furthermore, the use of additive manufacturing (3D printing) and other automated processes is reducing labor costs, improving precision, and accelerating production timelines.

Manufacturers are also adopting lean manufacturing principles to minimize waste, improve operational efficiency, and optimize production processes. This helps reduce the overall cost per unit and allows for greater production flexibility, making it easier to scale up production as demand increases. As a result, axial flux motors are becoming more cost-competitive with traditional motor technologies, which is encouraging more industries to consider them for applications in electric vehicles, renewable energy, and industrial automation.

The reduction in manufacturing costs, along with improvements in efficiency and performance, is making axial flux motors more accessible to a broader range of applications. These advances in production technologies are expected to drive further adoption of axial flux motors in a variety of sectors, including automotive, renewable energy, and aerospace, helping to unlock new market opportunities and fueling growth in the axial flux motors market.

Segmental Insights

Type Insights

Dual-Rotor Single Stator segment dominated the Axial Flux Motors Market in 2024 and is projected to maintain its leadership throughout the forecast period, due to its superior performance characteristics and efficiency. This configuration features two rotors and a single stator, enabling it to deliver higher power density and efficiency than other designs. The DRSS configuration allows for more power to be generated in a smaller space, making it particularly appealing for applications where weight and space are critical, such as in electric vehicles (EVs), aerospace, and industrial machinery.

The dual-rotor design improves torque density and provides better heat dissipation, which enhances the motor's overall efficiency and longevity. Additionally, the layout reduces the need for complex gear systems, which simplifies the motor structure and makes it more cost-effective. This makes DRSS motors a favorable choice for manufacturers who seek compact yet powerful motors that can deliver high performance while keeping energy consumption low.

The demand for lighter and more powerful motors, particularly in the EV market, is driving the growth of the DRSS segment. As electric vehicles require high-performance, efficient motors to maximize range and reduce energy consumption, the DRSS configuration is increasingly being adopted due to its ability to provide these benefits. With continuous advancements in manufacturing and design, the DRSS segment is expected to remain a key player in the axial flux motors market, catering to industries that prioritize efficiency, compactness, and performance.  

Application Insights

General Manufacturing segment dominated the Axial Flux Motors Market in 2024 and is projected to maintain its leadership throughout the forecast period, driven by the growing demand for efficient and high-performance motors across various industrial applications. Axial flux motors, with their compact size, high power density, and efficiency, are becoming increasingly attractive for manufacturers seeking to improve operational performance while reducing energy consumption and space requirements. This makes them particularly well-suited for industries such as automation, robotics, and heavy machinery, where performance and space optimization are critical.

In general manufacturing, axial flux motors are gaining traction due to their ability to deliver high torque at lower speeds, which is ideal for applications requiring precise control and high power output. Additionally, the lightweight nature of axial flux motors helps reduce the overall weight of equipment and machinery, making it easier to handle and more energy-efficient. Their improved heat dissipation capabilities also contribute to longer lifespans and reduced maintenance costs, which are important factors for manufacturers aiming to optimize operational efficiency.

As industries continue to embrace automation and seek more sustainable solutions, the demand for advanced motor technologies like axial flux motors is expected to rise. With the growing focus on reducing energy costs and improving manufacturing processes, the general manufacturing sector is likely to remain a major driver of growth in the axial flux motors market, contributing to the widespread adoption of this technology in various industrial applications.

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Regional Insights

Largest Region

North America dominated the Axial Flux Motors Market in 2024 and is anticipated to maintain its leadership throughout the forecast period, primarily driven by the rapid adoption of electric vehicles (EVs) and significant investments in advanced manufacturing technologies. The region's strong automotive and renewable energy sectors, along with a growing focus on energy efficiency, have made it a key hub for the development and application of axial flux motors. In particular, the United States and Canada are seeing widespread interest from both traditional automakers and new entrants in the EV market, who are exploring the benefits of axial flux motors for their compactness, high power density, and energy efficiency.

North America's leadership in innovation, supported by substantial R&D investments, is accelerating the integration of axial flux motors in electric vehicles, industrial automation, and other high-performance applications. Moreover, the region benefits from a well-established infrastructure for manufacturing, supply chain management, and technological expertise, which facilitates the scaling of axial flux motor production. With the increasing demand for lightweight, efficient motors to meet regulatory standards for emissions and sustainability, North America’s automotive and industrial sectors are driving the widespread adoption of axial flux motor technology.

Furthermore, government policies promoting green energy, sustainability, and electric mobility, such as incentives for EV adoption and clean energy initiatives, are providing the necessary push for the growth of axial flux motors in the region. These factors combine to position North America as a key player and leader in the global axial flux motors market.

Emerging Region

South America was the emerging region in the Axial Flux Motors Market in 2024 and is anticipated to maintain its leadership throughout the forecast period, driven by increasing interest in electric vehicles (EVs), renewable energy, and industrial automation. While the region has traditionally lagged behind in the adoption of advanced motor technologies, recent developments show a shift towards more sustainable and efficient solutions. As governments across South America work to boost clean energy and reduce emissions, the demand for high-performance motors like axial flux designs is gaining momentum.

In particular, the push for electric vehicles is a significant driver for the growth of axial flux motors in South America. Many countries in the region are introducing incentives to promote EV adoption, and automakers are increasingly exploring axial flux motors for their compact size, high torque output, and superior energy efficiency. This is helping to make EVs more viable in the region, where traditional internal combustion engine vehicles have dominated for years.

Moreover, South America's expanding renewable energy sector, especially in wind and solar power, is creating additional demand for efficient and compact motors, such as axial flux designs, which are ideal for integration into smaller, more efficient wind turbines. As the region embraces these technological advancements, the adoption of axial flux motors is expected to grow, making South America an emerging market for this technology. With further investments in infrastructure and technology development, South America is poised to play a key role in the global axial flux motors market.

 Recent Developments

• In May 2025, YASA proudly marked the official opening of its newly upgraded manufacturing facility in Yarnton, near Oxford. This milestone follows a USD 14.60 million investment, significantly expanding YASA’s production capabilities and positioning the company at the forefront of axial-flux e-motor technology. The state-of-the-art facility sets new standards in motor quality and innovation, enabling YASA to scale production to over 25,000 units annually, while reinforcing its leadership in next-generation electric drive solutions. 
• In April 2025, Turntide Technologies Unveils High-Performance Axial Flux Motor – AF430S. Turntide Technologies, a U.S.-based leader in motor and electrification solutions, has launched its latest innovation—the AF430S advanced axial flux motor—designed to meet the demanding needs of electric industrial equipment and high-performance vehicles, including off-highway applications and premium automotive segments. Engineered for seamless integration with original equipment manufacturers (OEMs), the AF430S helps accelerate time to market by eliminating the need for major vehicle redesigns. This next-generation motor delivers up to 96% efficiency, an impressive power density exceeding 7.2 kW/kg, and torque density over 20.5 Nm/kg, setting new benchmarks in compact, high-performance electric drive systems. 
• In April 2025, Valeo and PanGood Announce Breakthrough Axial Flux Generator Co-Development. Valeo, in collaboration with Chinese high-tech innovator PanGood, has announced the joint development of a next-generation Axial Flux Generator—a major advancement in compact, lightweight, and high-efficiency electric powertrain technology. This innovative 2-in-1 solution combines the motor and inverter into a single, ultra-compact, and scalable unit. Designed for versatility across all types of electric vehicles, the architecture is particularly well-suited for Extended Range Electric Vehicles (EREVs), where maximizing efficiency and smart energy distribution is crucial to extending driving range without adding significant mass or cost.

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:

o   Dual-Rotor Single Stator

o   Single-Rotor Dual-Stator      

• Axial Flux Motors Market, By Application:

o   General Manufacturing

o   Power

o   Construction

o   Automotive

o   Aerospace

o   Marine

o   Agriculture

o   Others      

• Axial Flux Motors Market, By Cooling Process:

o   Air Cooling

o   Liquid Cooling   

• Axial Flux Motors Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  Germany

§  France

§  United Kingdom

§  Italy

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

o   South America

§  Brazil

§  Colombia

§  Argentina

o   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.

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Company Information

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