Axial Flux Electric Motor Market size is estimated to be USD 1.52 Billion in 2024 and is expected to reach USD 6.05 Billion by 2033 at a CAGR of 17.2% from 2026 to 2033.
The global Axial Flux Electric Motor market size was valued at USD 50.1 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 29.3% from 2023 to 2030. The increasing demand for electric vehicles (EVs) and sustainable energy solutions is a major driver for the markets growth. With the rising focus on energy efficiency and reduced carbon emissions, axial flux electric motors, known for their high power density and compact size, are gaining traction in various applications, including electric mobility, industrial automation, and renewable energy. These motors are being adopted in lightweight applications such as motorcycles and drones due to their superior torque to weight ratio compared to traditional radial motors.
Regionally, North America held the largest market share in 2022, accounting for 36.4% of the global market share. The rapid adoption of electric vehicles and the increasing presence of key manufacturers in the region are contributing to the growth. Europe is also a significant market for axial flux electric motors, driven by government regulations promoting cleaner transportation and industrial automation. The Asia Pacific market is anticipated to experience the highest growth during the forecast period, with a CAGR of 33.1% from 2023 to 2030. This can be attributed to the increasing demand for electric vehicles in countries such as China and Japan, alongside the rapid advancement in electric motor technology. Additionally, the growing presence of manufacturing hubs in the region offers ample opportunities for market growth.
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Honeywell
Mettler Toledo
Emerson
DKK-TOA Corporation
Hach Company
ProMinent
PCE Instruments
BMT Messtechnik GMBH
Shanndong
KWJ Engineering Inc
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Axial Flux Electric Motor Market
Automotive Sector
Industrial Automation
Consumer Electronics
Aerospace and Defense
Renewable Energy Systems
Single-Sided Axial Flux Motors
Double-Sided Axial Flux Motors
Integrated Axial Flux Motors
High-Power Axial Flux Motors
Low-Power Axial Flux Motors
Stator Components
Rotor Components
Magnetic Materials
Coil Windings
Cooling Systems
OEMs (Original Equipment Manufacturers)
Aftermarket Suppliers
Research Institutions
Small and Medium Enterprises (SMEs)
Large Corporations
Direct Sales
Distributors and Suppliers
Online Retail
Trade Shows and Exhibitions
Partnerships and Collaborations
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Axial Flux Electric Motor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Axial Flux Electric Motor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Axial Flux Electric Motor Market, By Type
6. Global Axial Flux Electric Motor Market, By Application
7. Global Axial Flux Electric Motor Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Axial Flux Electric Motor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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