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The global axial flux motor market is expected to reach $870.65 million by the end of the forecast period (2022-2030), expanding at a CAGR of 11.8% between 2022 and 2030.
When a high torque density in a compact package is necessary, axial flux motors are the way to go. Due to their extremely short axial length in comparison to their axial diameter, axial flow drives are also referred to as flattened and pancake electrically commutated motors. It uses the same electrical components as radial flux motors but produces better torque and power density. The increased battery life of axial flux motors with this feature makes them more cost-effective. And because they take up so little room, axial motors help keep vehicle weight down.
The Axial Flux Motor Market stands to benefit greatly from the rising interest of transportation conglomerates in electric vehicles. In December 2020, for instance, OLA invested $320 million in electric scooters. Lime, an American transportation company that invested in Uber Technologies, also bought a large quantity of electric bicycles and scooters. Demand for permanent magnet synchronous motors is anticipated to increase as a result of the industry's increased focus on enhancing design and manufacturing processes to produce better products with greater efficiency. Demand for axial flux motors is expected to increase from 2022 to 2027 as a result of the increased use of environmentally friendly technologies such as electric vehicles and heat recovery ventilation.
The data included in the Axial Flux Motor Market study reflect market conditions in a certain sector or industries. The Axial Flux Motor Market study offers analysis in terms of both quantitative and qualitative data with a forecast period of the report running from 2023 to 2030. The report is compiled after considering a wide range of factors, including but not limited to: product pricing; product or service penetration at both the country and regional levels; country GDP; market dynamics of parent and child markets; end-application industries; major players; consumer buying behavior; and the economic, political, and social scenarios of countries. The research is broken down into sections to provide an in-depth examination of the market from every angle.
Primary elements of the research include markets covered, an outlook for the industry, an analysis of the competitive landscape, and profiles of leading companies. The segments include specifics in terms of numerous viewpoints such as end-use industry, product or service type, and any other relevant segmentation as per the market's present condition which contains various factors to execute additional marketing activity. The market outlook section provides an in-depth examination of the factors (including market history, growth drivers, restraints, opportunities, and challenges, Porter's Five Forces Framework, macroeconomic analysis, value chain analysis, and pricing analysis) that are currently shaping and will continue to shape the market during the forecasted period. Internal market forces are covered by drivers and restrictions, whereas external market aspects are covered by opportunities and challenges. The market overview section also provides some insight into the forces shaping prospective company and funding prospects.
The Axial Flux Motor Market is characterized by a number of trends and dynamics that are shaping its future development. Environmental concerns and regulatory mandates are driving the global transition toward electric mobility, which is in turn driving the axial flux motor industry. Axial flux motors are gaining popularity in EVs due to their compact size, high power density, and low efficiency. As the world shifts its focus to renewable energy sources, axial flux motors are finding more widespread application in wind turbines and hydroelectric power facilities. Their efficiency in utilizing these energies has contributed to the expansion of the market. Thanks to constant developments in materials, design, and production methods, axial flux motors are finding increasing use in a broader spectrum of industries.
Axial flux motors are becoming increasingly popular in many applications, including heating, ventilation, and air conditioning (HVAC) systems and industrial machinery, as their ability to cut carbon emissions becomes more widely appreciated. Increased manufacturer rivalry has led to product enhancements and price reductions in the market. To increase their foothold in global markets, market actors are increasingly forming strategic alliances. As in other industries, supply chain issues have impacted the axial flux motor industry, producing production fluctuations and perhaps delaying project completion dates. Government incentives and subsidies around the world for electric vehicles and renewable energy are also contributing to the market's growth.
Report Coverage
Global Axial Flux Motor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Axial Flux Motor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Axial Flux Motor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Axial Flux Motor market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Axial Flux Motor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Axial Flux Motor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
AVID Technology Group Ltd., EMRAX MOTORS, YASA, Lynch Motor Company, Magnax, Nidec Minster Corporation, Agni Motors, Saietta Electric Drive, ASHWOODS ELECTRIC MOTORS LIMITED
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Axial Flux Motor market based on the below-mentioned segments:
Global Axial Flux Motor market, By Application
Electric Passenger Vehicles
Commercial Vehicles
Industrial Machinery
Elevators
Robotics Actuators
Yachts & Electric Boats
Electric Drones
Other
Global Axial Flux Motor Market, By End User
General Manufacturing
Power
Construction
Automotive
Aerospace
Marine
Agriculture
Others
Global Axial Flux Motor market, Regional Analysis
When a high torque density in a compact package is necessary, axial flux motors are the way to go. Due to their extremely short axial length in comparison to their axial diameter, axial flow drives are also referred to as flattened and pancake electrically commutated motors. It uses the same electrical components as radial flux motors but produces better torque and power density. The increased battery life of axial flux motors with this feature makes them more cost-effective. And because they take up so little room, axial motors help keep vehicle weight down.
The Axial Flux Motor Market stands to benefit greatly from the rising interest of transportation conglomerates in electric vehicles. In December 2020, for instance, OLA invested $320 million in electric scooters. Lime, an American transportation company that invested in Uber Technologies, also bought a large quantity of electric bicycles and scooters. Demand for permanent magnet synchronous motors is anticipated to increase as a result of the industry's increased focus on enhancing design and manufacturing processes to produce better products with greater efficiency. Demand for axial flux motors is expected to increase from 2022 to 2027 as a result of the increased use of environmentally friendly technologies such as electric vehicles and heat recovery ventilation.
The data included in the Axial Flux Motor Market study reflect market conditions in a certain sector or industries. The Axial Flux Motor Market study offers analysis in terms of both quantitative and qualitative data with a forecast period of the report running from 2023 to 2030. The report is compiled after considering a wide range of factors, including but not limited to: product pricing; product or service penetration at both the country and regional levels; country GDP; market dynamics of parent and child markets; end-application industries; major players; consumer buying behavior; and the economic, political, and social scenarios of countries. The research is broken down into sections to provide an in-depth examination of the market from every angle.
Primary elements of the research include markets covered, an outlook for the industry, an analysis of the competitive landscape, and profiles of leading companies. The segments include specifics in terms of numerous viewpoints such as end-use industry, product or service type, and any other relevant segmentation as per the market's present condition which contains various factors to execute additional marketing activity. The market outlook section provides an in-depth examination of the factors (including market history, growth drivers, restraints, opportunities, and challenges, Porter's Five Forces Framework, macroeconomic analysis, value chain analysis, and pricing analysis) that are currently shaping and will continue to shape the market during the forecasted period. Internal market forces are covered by drivers and restrictions, whereas external market aspects are covered by opportunities and challenges. The market overview section also provides some insight into the forces shaping prospective company and funding prospects.
The Axial Flux Motor Market is characterized by a number of trends and dynamics that are shaping its future development. Environmental concerns and regulatory mandates are driving the global transition toward electric mobility, which is in turn driving the axial flux motor industry. Axial flux motors are gaining popularity in EVs due to their compact size, high power density, and low efficiency. As the world shifts its focus to renewable energy sources, axial flux motors are finding more widespread application in wind turbines and hydroelectric power facilities. Their efficiency in utilizing these energies has contributed to the expansion of the market. Thanks to constant developments in materials, design, and production methods, axial flux motors are finding increasing use in a broader spectrum of industries.
Axial flux motors are becoming increasingly popular in many applications, including heating, ventilation, and air conditioning (HVAC) systems and industrial machinery, as their ability to cut carbon emissions becomes more widely appreciated. Increased manufacturer rivalry has led to product enhancements and price reductions in the market. To increase their foothold in global markets, market actors are increasingly forming strategic alliances. As in other industries, supply chain issues have impacted the axial flux motor industry, producing production fluctuations and perhaps delaying project completion dates. Government incentives and subsidies around the world for electric vehicles and renewable energy are also contributing to the market's growth.
Report Coverage
Global Axial Flux Motor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Axial Flux Motor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Axial Flux Motor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Axial Flux Motor market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | AVID Technology Group Ltd., EMRAX MOTORS, YASA, Lynch Motor Company, Magnax, Nidec Minster Corporation, Agni Motors, Saietta Electric Drive, ASHWOODS ELECTRIC MOTORS LIMITED |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Axial Flux Motor Market from 2021 to 2030.
- Market Forecast for Axial Flux Motor Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Axial Flux Motor competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Axial Flux Motor
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Axial Flux Motor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Axial Flux Motor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
AVID Technology Group Ltd., EMRAX MOTORS, YASA, Lynch Motor Company, Magnax, Nidec Minster Corporation, Agni Motors, Saietta Electric Drive, ASHWOODS ELECTRIC MOTORS LIMITED
Primary Target Market
- Market Players of Axial Flux Motor
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Axial Flux Motor market based on the below-mentioned segments:
Global Axial Flux Motor market, By Application
Electric Passenger Vehicles
Commercial Vehicles
Industrial Machinery
Elevators
Robotics Actuators
Yachts & Electric Boats
Electric Drones
Other
Global Axial Flux Motor Market, By End User
General Manufacturing
Power
Construction
Automotive
Aerospace
Marine
Agriculture
Others
Global Axial Flux Motor market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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