The global Axial Flux Motors for Electric Vehicles market size is predicted to grow from US$ 677 million in 2025 to US$ 15702 million in 2031; it is expected to grow at a CAGR of 68.9% from 2025 to 2031.

The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.

Axial flux motors (AFMs) represent a transformative advancement in electric motor technology, particularly suited for electric vehicles (EVs). Unlike traditional radial flux motors, AFMs feature a flat, disc-like design where the magnetic flux flows parallel to the motor shaft. This configuration allows for higher power density, reduced weight, and more efficient use of space, making them ideal for applications where compactness and performance are paramount.

In the automotive sector, AFMs are gaining traction across various vehicle categories. Their lightweight and high-torque characteristics make them particularly advantageous for electric buses, trucks, and supercars. These vehicles benefit from the AFM's ability to deliver substantial power output while minimizing space and weight, which is crucial for performance and efficiency.

The product types of AFMs can be primarily categorized into dual-rotor single-stator and single-rotor dual-stator designs. Among these, the dual-rotor single-stator type dominates the market, accounting for approximately 67% of the global AFM market share. This configuration offers superior magnetic circuit utilization and symmetrical structure, resulting in enhanced efficiency and output performance. Meanwhile, the single-rotor dual-stator type, while simpler in design and manufacturing, holds a smaller portion of the market due to comparatively lower electromagnetic performance.

In terms of application, AFMs are predominantly used in electric buses, electric trucks, and electric supercars. These vehicle segments demand motors that can provide high torque, exceptional efficiency, and effective thermal management. AFMs meet these needs by delivering high torque at low speeds and enabling efficient cooling due to their flat construction. Besides these major applications, AFMs also serve other electric vehicle segments, explicitly excluding two-wheelers and three-wheelers, highlighting their focus on mid-to-large four-wheeled electric vehicles.

Geographically, Europe stands as the largest consumer market for AFMs, accounting for about 60% of global market revenue. This dominance is driven by Europe's stringent environmental policies, robust automotive manufacturing infrastructure, and strong governmental support for electric mobility. Europe's leading role not only fuels demand but also fosters technological innovation and the development of a mature supply chain around AFM technologies.

Several factors drive the growth of AFM adoption in electric vehicles. Increasingly strict emission regulations worldwide are accelerating the shift from internal combustion engine vehicles to electric vehicles, creating a growing demand for high-performance electric motors. AFMs’ high power density and compact size align perfectly with the automotive industry's push toward lightweight and efficient electric drive solutions. Improvements in manufacturing techniques and cost reduction strategies further enhance the viability of AFMs for large-scale adoption. Moreover, their flat design enables automakers to optimize vehicle architecture, improving battery space utilization and overall vehicle dynamics, which are critical for extending driving range and performance.

Nevertheless, challenges remain in the widespread deployment of AFMs. The manufacturing process is complex and relies on advanced materials, which contributes to relatively high production costs compared to conventional motors. The precision required in materials and fabrication raises the technical barrier, impacting affordability. Furthermore, integrating AFMs into existing vehicle platforms presents engineering challenges, necessitating adaptations in electronic control systems, mechanical assembly, and cooling solutions. These integration demands require close collaboration between vehicle manufacturers and motor suppliers. The scaling of production capacity and establishment of standardized manufacturing processes are also critical to meeting growing market demand efficiently.

In conclusion, axial flux motors represent a vital technological advancement in electric vehicle propulsion systems, combining superior performance with design compactness. The dual-rotor single-stator type leads the market, especially in applications such as electric buses, trucks, and supercars. Europe's position as the largest consumer market underpins continued growth and innovation in this field. While cost and integration challenges persist, ongoing technological advancements and industry maturation are expected to drive the broader adoption of AFMs, thus playing a key role in the evolution of high-performance, efficient electric vehicles globally.

LP Information, Inc. (LPI) ' newest research report, the “Axial Flux Motors for Electric Vehicles Industry Forecast” looks at past sales and reviews total world Axial Flux Motors for Electric Vehicles sales in 2024, providing a comprehensive analysis by region and market sector of projected Axial Flux Motors for Electric Vehicles sales for 2025 through 2031. With Axial Flux Motors for Electric Vehicles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Axial Flux Motors for Electric Vehicles industry.

This Insight Report provides a comprehensive analysis of the global Axial Flux Motors for Electric Vehicles landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Axial Flux Motors for Electric Vehicles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Axial Flux Motors for Electric Vehicles market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Axial Flux Motors for Electric Vehicles and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Axial Flux Motors for Electric Vehicles.

This report presents a comprehensive overview, market shares, and growth opportunities of Axial Flux Motors for Electric Vehicles market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

    Dual-rotor Single-stator Type

    Single-rotor Dual-stator Type

Segmentation by Application:

    Electric Buses

    Electric Trucks

    Electric Supercars

    Other

This report also splits the market by region:

    Americas

    United States

    Canada

    Mexico

    Brazil

    APAC

    China

    Japan

    Korea

    Southeast Asia

    India

    Australia

    Europe

    Germany

    France

    UK

    Italy

    Russia

    Middle East & Africa

    Egypt

    South Africa

    Israel

    Turkey

    GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

    YASA

    PanGood

    Omni Powertrain Technologies

    Naxatra Labs

    Phi-Power

    Turntide Technologies

    Magnax

    EFLOW

    EMRAX

    Beyond Motors

    Evolito

Key Questions Addressed in this Report

What is the 10-year outlook for the global Axial Flux Motors for Electric Vehicles market?

What factors are driving Axial Flux Motors for Electric Vehicles market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Axial Flux Motors for Electric Vehicles market opportunities vary by end market size?

How does Axial Flux Motors for Electric Vehicles break out by Type, by Application?

1 Scope of the Report
    1.1 Market Introduction
    1.2 Years Considered
    1.3 Research Objectives
    1.4 Market Research Methodology
    1.5 Research Process and Data Source
    1.6 Economic Indicators
    1.7 Currency Considered
    1.8 Market Estimation Caveats

2 Executive Summary
    2.1 World Market Overview
        2.1.1 Global Axial Flux Motors for Electric Vehicles Annual Sales 2020-2031
        2.1.2 World Current & Future Analysis for Axial Flux Motors for Electric Vehicles by Geographic Region, 2020, 2024 & 2031
        2.1.3 World Current & Future Analysis for Axial Flux Motors for Electric Vehicles by Country/Region, 2020, 2024 & 2031
    2.2 Axial Flux Motors for Electric Vehicles Segment by Type
        2.2.1 Dual-rotor Single-stator Type
        2.2.2 Single-rotor Dual-stator Type
    2.3 Axial Flux Motors for Electric Vehicles Sales by Type
        2.3.1 Global Axial Flux Motors for Electric Vehicles Sales Market Share by Type (2020-2025)
        2.3.2 Global Axial Flux Motors for Electric Vehicles Revenue and Market Share by Type (2020-2025)
        2.3.3 Global Axial Flux Motors for Electric Vehicles Sale Price by Type (2020-2025)
    2.4 Axial Flux Motors for Electric Vehicles Segment by Application
        2.4.1 Electric Buses
        2.4.2 Electric Trucks
        2.4.3 Electric Supercars
        2.4.4 Other
    2.5 Axial Flux Motors for Electric Vehicles Sales by Application
        2.5.1 Global Axial Flux Motors for Electric Vehicles Sale Market Share by Application (2020-2025)
        2.5.2 Global Axial Flux Motors for Electric Vehicles Revenue and Market Share by Application (2020-2025)
        2.5.3 Global Axial Flux Motors for Electric Vehicles Sale Price by Application (2020-2025)

3 Global by Company
    3.1 Global Axial Flux Motors for Electric Vehicles Breakdown Data by Company
        3.1.1 Global Axial Flux Motors for Electric Vehicles Annual Sales by Company (2020-2025)
        3.1.2 Global Axial Flux Motors for Electric Vehicles Sales Market Share by Company (2020-2025)
    3.2 Global Axial Flux Motors for Electric Vehicles Annual Revenue by Company (2020-2025)
        3.2.1 Global Axial Flux Motors for Electric Vehicles Revenue by Company (2020-2025)
        3.2.2 Global Axial Flux Motors for Electric Vehicles Revenue Market Share by Company (2020-2025)
    3.3 Global Axial Flux Motors for Electric Vehicles Sale Price by Company
    3.4 Key Manufacturers Axial Flux Motors for Electric Vehicles Producing Area Distribution, Sales Area, Product Type
        3.4.1 Key Manufacturers Axial Flux Motors for Electric Vehicles Product Location Distribution
        3.4.2 Players Axial Flux Motors for Electric Vehicles Products Offered
    3.5 Market Concentration Rate Analysis
        3.5.1 Competition Landscape Analysis
        3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
    3.6 New Products and Potential Entrants
    3.7 Market M&A Activity & Strategy

4 World Historic Review for Axial Flux Motors for Electric Vehicles by Geographic Region
    4.1 World Historic Axial Flux Motors for Electric Vehicles Market Size by Geographic Region (2020-2025)
        4.1.1 Global Axial Flux Motors for Electric Vehicles Annual Sales by Geographic Region (2020-2025)
        4.1.2 Global Axial Flux Motors for Electric Vehicles Annual Revenue by Geographic Region (2020-2025)
    4.2 World Historic Axial Flux Motors for Electric Vehicles Market Size by Country/Region (2020-2025)
        4.2.1 Global Axial Flux Motors for Electric Vehicles Annual Sales by Country/Region (2020-2025)
        4.2.2 Global Axial Flux Motors for Electric Vehicles Annual Revenue by Country/Region (2020-2025)
    4.3 Americas Axial Flux Motors for Electric Vehicles Sales Growth
    4.4 APAC Axial Flux Motors for Electric Vehicles Sales Growth
    4.5 Europe Axial Flux Motors for Electric Vehicles Sales Growth
    4.6 Middle East & Africa Axial Flux Motors for Electric Vehicles Sales Growth

5 Americas
    5.1 Americas Axial Flux Motors for Electric Vehicles Sales by Country
        5.1.1 Americas Axial Flux Motors for Electric Vehicles Sales by Country (2020-2025)
        5.1.2 Americas Axial Flux Motors for Electric Vehicles Revenue by Country (2020-2025)
    5.2 Americas Axial Flux Motors for Electric Vehicles Sales by Type (2020-2025)
    5.3 Americas Axial Flux Motors for Electric Vehicles Sales by Application (2020-2025)
    5.4 United States
    5.5 Canada
    5.6 Mexico
    5.7 Brazil

6 APAC
    6.1 APAC Axial Flux Motors for Electric Vehicles Sales by Region
        6.1.1 APAC Axial Flux Motors for Electric Vehicles Sales by Region (2020-2025)
        6.1.2 APAC Axial Flux Motors for Electric Vehicles Revenue by Region (2020-2025)
    6.2 APAC Axial Flux Motors for Electric Vehicles Sales by Type (2020-2025)
    6.3 APAC Axial Flux Motors for Electric Vehicles Sales by Application (2020-2025)
    6.4 China
    6.5 Japan
    6.6 South Korea
    6.7 Southeast Asia
    6.8 India
    6.9 Australia
    6.10 China Taiwan

7 Europe
    7.1 Europe Axial Flux Motors for Electric Vehicles by Country
        7.1.1 Europe Axial Flux Motors for Electric Vehicles Sales by Country (2020-2025)
        7.1.2 Europe Axial Flux Motors for Electric Vehicles Revenue by Country (2020-2025)
    7.2 Europe Axial Flux Motors for Electric Vehicles Sales by Type (2020-2025)
    7.3 Europe Axial Flux Motors for Electric Vehicles Sales by Application (2020-2025)
    7.4 Germany
    7.5 France
    7.6 UK
    7.7 Italy
    7.8 Russia

8 Middle East & Africa
    8.1 Middle East & Africa Axial Flux Motors for Electric Vehicles by Country
        8.1.1 Middle East & Africa Axial Flux Motors for Electric Vehicles Sales by Country (2020-2025)
        8.1.2 Middle East & Africa Axial Flux Motors for Electric Vehicles Revenue by Country (2020-2025)
    8.2 Middle East & Africa Axial Flux Motors for Electric Vehicles Sales by Type (2020-2025)
    8.3 Middle East & Africa Axial Flux Motors for Electric Vehicles Sales by Application (2020-2025)
    8.4 Egypt
    8.5 South Africa
    8.6 Israel
    8.7 Turkey
    8.8 GCC Countries

9 Market Drivers, Challenges and Trends
    9.1 Market Drivers & Growth Opportunities
    9.2 Market Challenges & Risks
    9.3 Industry Trends

10 Manufacturing Cost Structure Analysis
    10.1 Raw Material and Suppliers
    10.2 Manufacturing Cost Structure Analysis of Axial Flux Motors for Electric Vehicles
    10.3 Manufacturing Process Analysis of Axial Flux Motors for Electric Vehicles
    10.4 Industry Chain Structure of Axial Flux Motors for Electric Vehicles

11 Marketing, Distributors and Customer
    11.1 Sales Channel
        11.1.1 Direct Channels
        11.1.2 Indirect Channels
    11.2 Axial Flux Motors for Electric Vehicles Distributors
    11.3 Axial Flux Motors for Electric Vehicles Customer

12 World Forecast Review for Axial Flux Motors for Electric Vehicles by Geographic Region
    12.1 Global Axial Flux Motors for Electric Vehicles Market Size Forecast by Region
        12.1.1 Global Axial Flux Motors for Electric Vehicles Forecast by Region (2026-2031)
        12.1.2 Global Axial Flux Motors for Electric Vehicles Annual Revenue Forecast by Region (2026-2031)
    12.2 Americas Forecast by Country (2026-2031)
    12.3 APAC Forecast by Region (2026-2031)
    12.4 Europe Forecast by Country (2026-2031)
    12.5 Middle East & Africa Forecast by Country (2026-2031)
    12.6 Global Axial Flux Motors for Electric Vehicles Forecast by Type (2026-2031)
    12.7 Global Axial Flux Motors for Electric Vehicles Forecast by Application (2026-2031)

13 Key Players Analysis
    13.1 YASA
        13.1.1 YASA Company Information
        13.1.2 YASA Axial Flux Motors for Electric Vehicles Product Portfolios and Specifications
        13.1.3 YASA Axial Flux Motors for Electric Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
        13.1.4 YASA Main Business Overview
        13.1.5 YASA Latest Developments
    13.2 PanGood
        13.2.1 PanGood Company Information
        13.2.2 PanGood Axial Flux Motors for Electric Vehicles Product Portfolios and Specifications
        13.2.3 PanGood Axial Flux Motors for Electric Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
        13.2.4 PanGood Main Business Overview
        13.2.5 PanGood Latest Developments
    13.3 Omni Powertrain Technologies
        13.3.1 Omni Powertrain Technologies Company Information
        13.3.2 Omni Powertrain Technologies Axial Flux Motors for Electric Vehicles Product Portfolios and Specifications
        13.3.3 Omni Powertrain Technologies Axial Flux Motors for Electric Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
        13.3.4 Omni Powertrain Technologies Main Business Overview
        13.3.5 Omni Powertrain Technologies Latest Developments
    13.4 Naxatra Labs
        13.4.1 Naxatra Labs Company Information
        13.4.2 Naxatra Labs Axial Flux Motors for Electric Vehicles Product Portfolios and Specifications
        13.4.3 Naxatra Labs Axial Flux Motors for Electric Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
        13.4.4 Naxatra Labs Main Business Overview
        13.4.5 Naxatra Labs Latest Developments
    13.5 Phi-Power
        13.5.1 Phi-Power Company Information
        13.5.2 Phi-Power Axial Flux Motors for Electric Vehicles Product Portfolios and Specifications
        13.5.3 Phi-Power Axial Flux Motors for Electric Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
        13.5.4 Phi-Power Main Business Overview
        13.5.5 Phi-Power Latest Developments
    13.6 Turntide Technologies
        13.6.1 Turntide Technologies Company Information
        13.6.2 Turntide Technologies Axial Flux Motors for Electric Vehicles Product Portfolios and Specifications
        13.6.3 Turntide Technologies Axial Flux Motors for Electric Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
        13.6.4 Turntide Technologies Main Business Overview
        13.6.5 Turntide Technologies Latest Developments
    13.7 Magnax
        13.7.1 Magnax Company Information
        13.7.2 Magnax Axial Flux Motors for Electric Vehicles Product Portfolios and Specifications
        13.7.3 Magnax Axial Flux Motors for Electric Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
        13.7.4 Magnax Main Business Overview
        13.7.5 Magnax Latest Developments
    13.8 EFLOW
        13.8.1 EFLOW Company Information
        13.8.2 EFLOW Axial Flux Motors for Electric Vehicles Product Portfolios and Specifications
        13.8.3 EFLOW Axial Flux Motors for Electric Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
        13.8.4 EFLOW Main Business Overview
        13.8.5 EFLOW Latest Developments
    13.9 EMRAX
        13.9.1 EMRAX Company Information
        13.9.2 EMRAX Axial Flux Motors for Electric Vehicles Product Portfolios and Specifications
        13.9.3 EMRAX Axial Flux Motors for Electric Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
        13.9.4 EMRAX Main Business Overview
        13.9.5 EMRAX Latest Developments
    13.10 Beyond Motors
        13.10.1 Beyond Motors Company Information
        13.10.2 Beyond Motors Axial Flux Motors for Electric Vehicles Product Portfolios and Specifications
        13.10.3 Beyond Motors Axial Flux Motors for Electric Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
        13.10.4 Beyond Motors Main Business Overview
        13.10.5 Beyond Motors Latest Developments
    13.11 Evolito
        13.11.1 Evolito Company Information
        13.11.2 Evolito Axial Flux Motors for Electric Vehicles Product Portfolios and Specifications
        13.11.3 Evolito Axial Flux Motors for Electric Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
        13.11.4 Evolito Main Business Overview
        13.11.5 Evolito Latest Developments

14 Research Findings and Conclusion