Automotive Axial Flux Motor Market is predicted to grow at CAGR of 29.80% through 2027

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2017 2027
Global Automotive Axial Flux Motor Market
FORECAST AND OPPORTUNITIES
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Table of Contents
S. No. Contents Contents Contents Page No.
1. Product Overview Product Overview Product Overview
2. Research Methodology Research Methodology Research Methodology
3. Executive Summary Executive Summary Executive Summary
4. Impact of COVID-19 on Global Automotive Axial Flux Motor Market Impact of COVID-19 on Global Automotive Axial Flux Motor Market Impact of COVID-19 on Global Automotive Axial Flux Motor Market
5. Voice of Customer Voice of Customer Voice of Customer
5.1. Factors Influencing Purchase Decision Factors Influencing Purchase Decision
5.2. Aided and Unaided Brand Recall Aided and Unaided Brand Recall
5.3. Brand Satisfaction Level Brand Satisfaction Level
6. Global Automotive Axial Flux Motor Market Outlook Global Automotive Axial Flux Motor Market Outlook Global Automotive Axial Flux Motor Market Outlook
6.1. Market Size Forecast Market Size Forecast
6.1.1. By Value and Volume
6.2. Market Share Forecast Market Share Forecast
6.2.1. By Vehicle Type (Two-Wheeler, Passenger Car, Light Commercial Vehicle (LCV), Medium Heavy Commercial Vehicle (MHCV)
6.2.2. By Propulsion (BEV, HEV, PHEV)
6.2.3. By Demand Category (OEM, Aftermarket)
6.2.4 By Region (North America Europe Asia Pacific South America and Middle East Africa)
6.2.5. By Company (2021)
6.3. Market Map (By Propulsion, By Region) Market Map (By Propulsion, By Region)
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7. Europe CIS Automotive Axial Flux Motor Market Outlook Europe CIS Automotive Axial Flux Motor Market Outlook Europe CIS Automotive Axial Flux Motor Market Outlook Europe CIS Automotive Axial Flux Motor Market Outlook Europe CIS Automotive Axial Flux Motor Market Outlook
7.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
7.1.1. By Value and Volume By Value and Volume By Value and Volume
7.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
7.2.1. By Vehicle Type By Vehicle Type By Vehicle Type
7.2.2. By Propulsion By Propulsion By Propulsion
7.2.3. By Demand Category By Demand Category By Demand Category
7.2.4. By Country (United Kingdom, France , Germany , Italy, Spain, Belgium , Russia ) By Country (United Kingdom, France , Germany , Italy, Spain, Belgium , Russia ) By Country (United Kingdom, France , Germany , Italy, Spain, Belgium , Russia )
7.3. Market Map (By Propulsion, By Region) Market Map (By Propulsion, By Region) Market Map (By Propulsion, By Region) Market Map (By Propulsion, By Region)
7.4. Europe CIS Country Analysis Europe CIS Country Analysis Europe CIS Country Analysis Europe CIS Country Analysis
7.4.1. United Kingdom Automotive Axial Flux Motor Market Outlook United Kingdom Automotive Axial Flux Motor Market Outlook United Kingdom Automotive Axial Flux Motor Market Outlook
7.4.1.1. Market Size Forecast Market Size Forecast
7.4.1.1.1. By Value Volume
7.4.1.2. Market Share Forecast Market Share Forecast
7.4.1.2.1. By Vehicle Type
7.4.1.2.2. By Propulsion
7.4.1.2.3. By Demand Category
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7.4.2. France Automotive Axial Flux Motor Market Outlook France Automotive Axial Flux Motor Market Outlook France Automotive Axial Flux Motor Market Outlook
7.4.2.1. Market Size Forecast Market Size Forecast
7.4.2.1.1. By Value Volume
7.4.2.2. Market Share Forecast Market Share Forecast
7.4.2.2.1. By Vehicle Type
7.4.2.2.2. By Propulsion
7.4.2.2.3. By Demand Category
7.4.3. Germany Automotive Axial Flux Motor Market Outlook Germany Automotive Axial Flux Motor Market Outlook Germany Automotive Axial Flux Motor Market Outlook
7.4.3.1. Market Size Forecast Market Size Forecast
7.4.3.1.1. By Value Volume
7.4.3.2. Market Share Forecast Market Share Forecast
7.4.3.2.1. By Vehicle Type
7.4.3.2.2. By Propulsion Type
7.4.3.2.3. By Demand Category
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7.4.4. Italy Automotive Axial Flux Motor Market Outlook Italy Automotive Axial Flux Motor Market Outlook Italy Automotive Axial Flux Motor Market Outlook
7.4.4.1. Market Size Forecast Market Size Forecast
7.4.4.1.1. By Value Volume
7.4.4.2. Market Share Forecast Market Share Forecast
7.4.4.2.1. By Vehicle Type
7.4.4.2.2. By Propulsion
7.4.4.2.3. By Demand Category
7.4.5. Belgium Automotive Axial Flux Motor Market Outlook Belgium Automotive Axial Flux Motor Market Outlook Belgium Automotive Axial Flux Motor Market Outlook
7.4.5.1. Market Size Forecast Market Size Forecast
7.4.5.1.1. By Value Volume
7.4.5.2. Market Share Forecast Market Share Forecast
7.4.5.2.1. By Vehicle Type
7.4.5.2.2. By Propulsion Type
7.4.5.2.3. By Demand Category
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7.4.6. Spain Automotive Axial Flux Motor Market Outlook Spain Automotive Axial Flux Motor Market Outlook Spain Automotive Axial Flux Motor Market Outlook
7.4.6.1. Market Size Forecast Market Size Forecast
7.4.6.1.1. By Value Volume
7.4.6.2. Market Share Forecast Market Share Forecast
7.4.6.2.1. By Vehicle Type
7.4.6.2.2. By Propulsion
7.4.6.2.3. By Demand Category
7.4.7. Russia Automotive Axial Flux Motor Market Outlook Russia Automotive Axial Flux Motor Market Outlook Russia Automotive Axial Flux Motor Market Outlook
7.4.7.1. Market Size Forecast Market Size Forecast
7.4.7.1.1. By Value Volume
7.4.7.2. Market Share Forecast Market Share Forecast
7.4.7.2.1. By Vehicle Type
7.4.7.2.2. By Propulsion Type
7.4.7.2.3. By Demand Category
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8. North America Automotive Axial Flux Motor Market Outlook North America Automotive Axial Flux Motor Market Outlook North America Automotive Axial Flux Motor Market Outlook North America Automotive Axial Flux Motor Market Outlook North America Automotive Axial Flux Motor Market Outlook
8.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
8.1.1. By Value and Volume By Value and Volume By Value and Volume
8.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
8.2.1. By Vehicle Type By Vehicle Type By Vehicle Type
8.2.2. By Propulsion By Propulsion By Propulsion
8.2.3. By Demand Category By Demand Category By Demand Category
8.2.4. By Country (United States, Canada , Mexico ) By Country (United States, Canada , Mexico ) By Country (United States, Canada , Mexico )
8.3. Market Map (By Propulsion, By Region) Market Map (By Propulsion, By Region) Market Map (By Propulsion, By Region) Market Map (By Propulsion, By Region)
8.4. North America Country Analysis North America Country Analysis North America Country Analysis North America Country Analysis
8.4.1. United States Automotive Axial Flux Motor Market Outlook United States Automotive Axial Flux Motor Market Outlook United States Automotive Axial Flux Motor Market Outlook
8.4.1.1. Market Size Forecast Market Size Forecast
8.4.1.1.1. By Value Volume
8.4.1.2. Market Share Forecast Market Share Forecast
8.4.1.2.1. By Vehicle Type
8.4.1.2.2. By Propulsion
8.4.1.2.3. By Demand Category
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8.4.2. Canada Automotive Axial Flux Motor Market Outlook Canada Automotive Axial Flux Motor Market Outlook Canada Automotive Axial Flux Motor Market Outlook
8.4.2.1. Market Size Forecast Market Size Forecast
8.4.2.1.1. By Value Volume
8.4.2.2. Market Share Forecast Market Share Forecast
8.4.2.2.1. By Vehicle Type
8.4.2.2.2. By Propulsion
8.4.2.2.3. By Demand Category
8.4.3. Mexico Automotive Axial Flux Motor Market Outlook Mexico Automotive Axial Flux Motor Market Outlook Mexico Automotive Axial Flux Motor Market Outlook
8.4.3.1. Market Size Forecast Market Size Forecast
7.4.3.1.1. By Value Volume
8.4.3.2. Market Share Forecast Market Share Forecast
8.4.3.2.1. By Vehicle Type
8.4.3.2.2. By Propulsion Type
8.4.3.2.3. By Demand Category
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9. Asia Pacific Automotive Axial Flux Motor Market Outlook Asia Pacific Automotive Axial Flux Motor Market Outlook Asia Pacific Automotive Axial Flux Motor Market Outlook Asia Pacific Automotive Axial Flux Motor Market Outlook Asia Pacific Automotive Axial Flux Motor Market Outlook
9.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
9.1.1. By Value and Volume By Value and Volume By Value and Volume
9.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
9.2.1. By Vehicle Type By Vehicle Type By Vehicle Type
9.2.2. By Propulsion By Propulsion By Propulsion
9.2.3. By Demand Category By Demand Category By Demand Category
9.2.4. By Country (China, Japan, South Korea, India, Indonesia , Thailand , Vietnam , Malaysia) By Country (China, Japan, South Korea, India, Indonesia , Thailand , Vietnam , Malaysia) By Country (China, Japan, South Korea, India, Indonesia , Thailand , Vietnam , Malaysia)
9.3. Market Map (By Propulsion, By Region) Market Map (By Propulsion, By Region) Market Map (By Propulsion, By Region) Market Map (By Propulsion, By Region)
9.4. Asia Pacific Country Analysis Asia Pacific Country Analysis Asia Pacific Country Analysis Asia Pacific Country Analysis
9.4.1. China Automotive Axial Flux Motor Market Outlook China Automotive Axial Flux Motor Market Outlook China Automotive Axial Flux Motor Market Outlook
9.4.1.1. Market Size Forecast Market Size Forecast
9.4.1.1.1. By Value Volume
9.4.1.2. Market Share Forecast Market Share Forecast
9.4.1.2.1. By Vehicle Type
9.4.1.2.2. By Propulsion
9.4.1.2.3. By Demand Category
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9.4.2. Japan Automotive Axial Flux Motor Market Outlook Japan Automotive Axial Flux Motor Market Outlook Japan Automotive Axial Flux Motor Market Outlook
9.4.2.1. Market Size Forecast Market Size Forecast
9.4.2.1.1. By Value Volume
9.4.2.2. Market Share Forecast Market Share Forecast
9.4.2.2.1. By Vehicle Type
9.4.2.2.2. By Propulsion
9.4.2.2.3. By Demand Category
9.4.3. South Korea Automotive Axial Flux Motor Market Outlook South Korea Automotive Axial Flux Motor Market Outlook South Korea Automotive Axial Flux Motor Market Outlook
9.4.3.1. Market Size Forecast Market Size Forecast
9.4.3.1.1. By Value Volume
9.4.3.2. Market Share Forecast Market Share Forecast
9.4.3.2.1. By Vehicle Type
9.4.3.2.2. By Propulsion Type
9.4.3.2.3. By Demand Category
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9.4.4. India Automotive Axial Flux Motor Market Outlook India Automotive Axial Flux Motor Market Outlook India Automotive Axial Flux Motor Market Outlook
9.4.4.1. Market Size Forecast Market Size Forecast
9.4.4.1.1. By Value Volume
9.4.4.2. Market Share Forecast Market Share Forecast
9.4.4.2.1. By Vehicle Type
9.4.4.2.2. By Propulsion
9.4.4.2.3. By Demand Category
9.4.5. Indonesia Automotive Axial Flux Motor Market Outlook Indonesia Automotive Axial Flux Motor Market Outlook Indonesia Automotive Axial Flux Motor Market Outlook
9.4.5.1. Market Size Forecast Market Size Forecast
9.4.5.1.1. By Value Volume
9.4.5.2. Market Share Forecast Market Share Forecast
9.4.5.2.1. By Vehicle Type
9.4.5.2.2. By Propulsion Type
9.4.5.2.3. By Demand Category
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9.4.6. Thailand Automotive Axial Flux Motor Market Outlook Thailand Automotive Axial Flux Motor Market Outlook Thailand Automotive Axial Flux Motor Market Outlook
9.4.6.1. Market Size Forecast Market Size Forecast
9.4.6.1.1. By Value Volume
9.4.6.2. Market Share Forecast Market Share Forecast
9.4.6.2.1. By Vehicle Type
9.4.6.2.2. By Propulsion
9.4.6.2.3. By Demand Category
9.4.7. Malaysia Automotive Axial Flux Motor Market Outlook Malaysia Automotive Axial Flux Motor Market Outlook Malaysia Automotive Axial Flux Motor Market Outlook
9.4.7.1. Market Size Forecast Market Size Forecast
9.4.7.1.1. By Value Volume
9.4.7.2. Market Share Forecast Market Share Forecast
9.4.7.2.1. By Vehicle Type
9.4.7.2.2. By Propulsion Type
9.4.7.2.3. By Demand Category
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9.4.8. Vietnam Automotive Axial Flux Motor Market Outlook Vietnam Automotive Axial Flux Motor Market Outlook Vietnam Automotive Axial Flux Motor Market Outlook
9.4.8.1. Market Size Forecast Market Size Forecast
9.4.8.1.1. By Value Volume
9.4.8.2. Market Share Forecast Market Share Forecast
9.4.8.2.1. By Vehicle Type
9.4.8.2.2. By Propulsion
9.4.8.2.3. By Demand Category
10. South America Automotive Axial Flux Motor Market Outlook South America Automotive Axial Flux Motor Market Outlook South America Automotive Axial Flux Motor Market Outlook South America Automotive Axial Flux Motor Market Outlook South America Automotive Axial Flux Motor Market Outlook
10.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
10.1.1. By Value and Volume By Value and Volume By Value and Volume
10.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
10.2.1. By Vehicle Type By Vehicle Type By Vehicle Type
10.2.2. By Propulsion By Propulsion By Propulsion
10.2.3. By Demand Category By Demand Category By Demand Category
10.2.4. By Country (Brazil, Argentina , Colombia ) By Country (Brazil, Argentina , Colombia ) By Country (Brazil, Argentina , Colombia )
10.3. Market Map (By Propulsion, By Region) Market Map (By Propulsion, By Region) Market Map (By Propulsion, By Region) Market Map (By Propulsion, By Region)
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10.4. South America Country Analysis South America Country Analysis South America Country Analysis South America Country Analysis
10.4.1. Brazil Automotive Axial Flux Motor Market Outlook Brazil Automotive Axial Flux Motor Market Outlook Brazil Automotive Axial Flux Motor Market Outlook
10.4.1.1. Market Size Forecast Market Size Forecast
10.4.1.1.1. By Value Volume
10.4.1.2. Market Share Forecast Market Share Forecast
10.4.1.2.1. By Vehicle Type
10.4.1.2.2. By Propulsion
10.4.1.2.3. By Demand Category
10.4.2. Argentina Automotive Axial Flux Motor Market Outlook Argentina Automotive Axial Flux Motor Market Outlook Argentina Automotive Axial Flux Motor Market Outlook
10.4.2.1. Market Size Forecast Market Size Forecast
10.4.2.1.1. By Value Volume
10.4.2.2. Market Share Forecast Market Share Forecast
10.4.2.2.1. By Vehicle Type
10.4.2.2.2. By Propulsion Type
10.4.2.2.3. By Demand Category
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10.4.3. Colombia Automotive Axial Flux Motor Market Outlook Colombia Automotive Axial Flux Motor Market Outlook Colombia Automotive Axial Flux Motor Market Outlook
10.4.3.1. Market Size Forecast Market Size Forecast
10.4.3.1.1. By Value Volume
10.4.3.2. Market Share Forecast Market Share Forecast
10.4.3.2.1. By Vehicle Type
10.4.3.2.2. By Propulsion
10.4.3.2.3. By Demand Category
11. Middle East And Africa Automotive Axial Flux Motor Market Outlook Middle East And Africa Automotive Axial Flux Motor Market Outlook Middle East And Africa Automotive Axial Flux Motor Market Outlook Middle East And Africa Automotive Axial Flux Motor Market Outlook Middle East And Africa Automotive Axial Flux Motor Market Outlook
11.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
11.1.1. By Value and Volume By Value and Volume By Value and Volume
11.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
11.2.1. By Vehicle Type By Vehicle Type By Vehicle Type
11.2.2. By Propulsion By Propulsion By Propulsion
11.2.3. By Demand Category By Demand Category By Demand Category
11.2.4. By Country (South Africa, Turkey , Iran , Egypt ) By Country (South Africa, Turkey , Iran , Egypt ) By Country (South Africa, Turkey , Iran , Egypt )
11.3. Market Map (By Propulsion, By Region) Market Map (By Propulsion, By Region) Market Map (By Propulsion, By Region) Market Map (By Propulsion, By Region)
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11.4. Middle East Africa Country Analysis Middle East Africa Country Analysis Middle East Africa Country Analysis Middle East Africa Country Analysis
11.4.1. Turkey Automotive Axial Flux Motor Market Outlook Turkey Automotive Axial Flux Motor Market Outlook Turkey Automotive Axial Flux Motor Market Outlook
11.4.1.1. Market Size Forecast Market Size Forecast
11.4.1.1.1. By Value Volume
11.4.1.2. Market Share Forecast Market Share Forecast
11.4.1.2.1. By Vehicle Type
11.4.1.2.2. By Propulsion
11.4.1.2.3. By Demand Category
11.4.2. South Africa Automotive Axial Flux Motor Market Outlook South Africa Automotive Axial Flux Motor Market Outlook South Africa Automotive Axial Flux Motor Market Outlook
11.4.2.1. Market Size Forecast Market Size Forecast
7.3.2.1.1. By Value Volume
11.4.2.2. Market Share Forecast Market Share Forecast
11.4.2.2.1. By Vehicle Type
11.4.2.2.2. By Propulsion Type
11.4.2.2.3. By Demand Category
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11.4.3. Iran Automotive Axial Flux Motor Market Outlook Iran Automotive Axial Flux Motor Market Outlook Iran Automotive Axial Flux Motor Market Outlook
11.4.3.1. Market Size Forecast Market Size Forecast
11.4.3.1.1. By Value Volume
11.4.3.2. Market Share Forecast Market Share Forecast
11.4.3.2.1. By Vehicle Type
11.4.3.2.2. By Propulsion
11.4.3.2.3. By Demand Category
11.4.4. Egypt Automotive Axial Flux Motor Market Outlook Egypt Automotive Axial Flux Motor Market Outlook Egypt Automotive Axial Flux Motor Market Outlook
11.4.4.1. Market Size Forecast Market Size Forecast
11.4.4.1.1. By Value Volume
11.4.4.2. Market Share Forecast Market Share Forecast
11.4.4.2.1. By Vehicle Type
11.4.4.2.2. By Propulsion Type
11.4.4.2.3. By Demand Category
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12. Market Dynamics Market Dynamics
11.1. Drivers
11.2. Challenges
13. Market Trends and Developments Market Trends and Developments
14 Porters Five Forces Porters Five Forces
15. Competitive Landscape Competitive Landscape
13.1. YASA Limited
13.2. Magnax BV
13.3. Saietta Group Plc
13.4. Whylot Electromechanical Solutions
13.5. Emrax D.o.o
13.6. Lucchi R. E Motor Solution
13.7. Agni Motors Ltd
13.8. Turntide Technologies
13.9. Maglec Propulsion Ltd
13.10. Dana TM4
16. Strategic Recommendations Strategic Recommendations
17. About Us Disclaimer About Us Disclaimer
19
PRODUCT OVERVIEW
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Scope of Report Product of Interest (POI) Axial
Flux Motor
An axial flux motor is an electric motor that has
a gap between the rotor and stator, and the
magnetic flux is aligned parallel with the axis
of rotation. This type of motor is also commonly
known as an axial gap motor.
Market Segmentation
GLOBAL AUTOMOTIVE AXIAL FLUX MOTOR MARKET
Year Range
By Vehicle Type
By Demand Category
By Region
By Propulsion

• Two-Wheeler
• Passenger Car
• LCV
• MHCV

• BEV
• HEV
• PHEV

• OEM
• Aftermarket

• North America
• Europe
• Asia Pacific
• South America
• Middle East Africa

National Capital Region, Southern Tagalog
(Calabarzon), Central Luzon, Others
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RESEARCH METHODOLOGY
22

• Research Methodology

Data Collection
Developing List of Respondents
Formulating Questionnaire
Data Validation
Market Profiling
Data Analysis
In-depth secondary research was conducted to
determine top players in Global Automotive Axial
Flux Motor Market, overall market size and
segmental market size.
The data was scrutinized using MS-Excel,
statistical tools and internal proprietary
database to obtain qualitative and quantitative
insights about Global Automotive Axial Flux Motor
Market.
Data obtained as a result of primary and
secondary research was validated through rigorous
triangulation.
TechSci conducted interviews with industry
experts and industry players for data collection
and verification.
In order to conduct industry experts interviews,
TechSci formulated a detailed discussion guide.
List of industry players and industry specialists
was developed.
Primary Research
Desk Research
Company Analysis

• Recent Developments
• Market Changing Aspects/Dynamics
• Government Policies
• Conclusion

• Market Participants
• Key Strengths

• Identifying Key Opinion Leaders
• Questionnaire Design
• In-depth Interviews

Source Secondary Research, Expert Interviews,
and TechSci Research Analysis Note These are
dummy figures please purchase our report for
actual data
23

• Research Methodology

• Baseline Methodology
• Our dedicated team of industry experts has
  monitored and analyzed various aspects of the
  Global Automotive Axial Flux Motor Market. The
  team has analyzed the outlook of various segments
  of this market, while considering the major
  influencing factors such as rising demand for
  electric vehicles. The study includes market
  forecasting, which would enable our clients to
  take better decisions while planning their
  strategy to achieve sustainability in the Global
  Automotive Axial Flux Motor Market.
• Methodology Followed for Calculation of Market
  Size
• Market Size by Value and Volume Market size, in
  terms of value and volume, was calculated based
  on information collected through exhaustive
  secondary research and primary surveys, with
  various key opinion leaders/stakeholders, such as
  axial flux motor manufacturing companies, channel
  partners, end users, industry experts, and other
  industry participants. The market in terms of
  volume has been derived by considering the
  vehicle production, motor sales, and other
  factors.
• The team interviewed more than 10-15 axial flux
  motor manufacturing companies, 100120 end users,
  and 1520 industry experts and other value chain
  stakeholders in Global Automotive Axial Flux
  Motor Market to obtain the overall market size
  for 2018-2028, which was validated by the Delphi
  technique. to arrive Taking standard deviation
  into consideration, the market size was averaged
  out at the market size data for 2018-2028.

Source Secondary Research, Expert Interviews,
and TechSci Research Analysis Note These are
dummy figures please purchase our report for
actual data
24

• Research Methodology

• Respondents were asked about the current and
  future market growth rates, market shares by
  vehicle type, by propulsion, by demand category,
  by region and by company. Removing the outlier
  responses, the geometric mean of growth estimates
  and provider wise revenue shares generated across
  various segments were considered to arrive at the
  final revenue shares. Revenue shares generated
  across various segments were further triangulated
  from the response received from other
  stakeholders depending upon the segments of the
  Global Automotive Axial Flux Motor Market.
• Methodology Followed for Calculation of Market
  Shares
• Market shares by vehicle type, by propulsion, by
  demand category, by region and by company were
  calculated based on the responses received
  through primary surveys with industry experts, in
  which the respondents were asked about the market
  shares or revenue generated from various segments
  of the Global Automotive Axial Flux Motor Market.
  The final shares were calculated by taking the
  geometric mean of the responses gathered from key
  opinion leaders after eliminating the outliers.
• Methodology Followed for Forecasting
• TechSci Research performed periodical checks on
  data collected through the surveys with logic
  checks and analyzed the survey results in
  SPSS/Tableau Software.
• Data triangulation techniques were applied to
  fill the gaps and to present a more meaningful
  picture of the market. To forecast the Global
  Automotive Axial Flux Motor Market, TechSci
  research used various forecast techniques such
  as
• Moving Average
• Time Series Analysis
• Regression Analysis
• Econometric and Judgmental Analysis

25

• Research Methodology

TechSci Research used its own forecast tool,
which is based on the growth of various allied
industries in respective regions. TechSci
Research also used the impact analysis during
short, medium and long- term period to estimate
and analyze market demand scenario. It should be
noted that the figures compiled are only for the
organized market including market share data.
Partial List of Companies Interviewed Key Secondary Sources
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 World Bank TechSci Research Proprietary Database Knowledge Repository Company Annual Reports Industry Magazines Industry Reports News Dailies Credible Paid Databases
26

• Industry Brief

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 during the forecast period,
2022-2027. According to TechSci Research
report, Automotive Axial Flux Motor Market-
Global Industry Size, Share, Trends, Competition,
Opportunity, and Forecast, 2017-2027F, Global
Automotive Axial Flux Motor Market was valued USD
108 Million in 2021 and is predicted to grow at
CAGR of 29.80 through 2027 as it has the
potential to replace radial motors owing to their
power efficiency, compact size, and high torque
specification. The geometry of an axial flux
motor is distinct from that of a radial motor. It
uses the same electrical components as radial
flux motors but produces better torque and power
density. In axial flux motors, the magnetic flux
direction is parallel to the motor rotation axis,
but in radial flux motors, the magnetic flux
direction is radial. Nearly every operating
principle, including brushed DC, induction, and
stepper motors, can be used in axial geometry.
Axial flux motors are sometimes referred to as
flat motors due to their extremely low axial
length-to-diameter ratio. In order to address
environmental issues, electric vehicles are
considered alternatives to conventional
automobiles with combustion engines. Automotive
electric car sales reached 6.6 million in 2021,
according to the Global Electric Vehicle Outlook
from the International Energy Agency (IEA).
Axial-flux motors are majorly used in electric
vehicles. Since they are small, light, and
efficient, axial flux motors are ideal for use in
electric vehicles. Overall, this has a positive
impact on the future growth of the automotive
axial flux market. Furthermore, in terms of
internal combustion engines, axial flux motors
are comparable to turbocharged engines. Strong
hardware and electromagnetic motor designs are
needed for axial flux motors. Moreover, in 2022,
Mercedes acquired YASA, a producer of axial flux
motors, in order to start a new motor production
line. Moreover, Magnax, a Belgian company, raised
20 million euros in August 2022 for the
development and manufacturing of axial flux
motors. In November 2021, in order to create
axial flux motors on a large scale, the Renault
Group purchased a 21 minority investment in
Whylot, a maker of vehicle e-motors. Axial flux
motors are perfect for commercial machinery such
as industrial robots, pumps, compressors,
electrical vehicles, and drones due to their
small size and high-power density. Axial flux
motors produce 3040 greater torque and have a
higher power density than radial motors of equal
size. Axial flux motors, and in particular the
yokeless version, are anticipated to capture an
ever-increasing share of the expanding electric
motor market. The Asia-Pacific region being the
largest market for electric vehicles is expected
to register a high CAGR during the forecast
period. Moreover, European region having majority
of shares dominate the market. On the basis of
vehicle type, passenger car segment is dominating
the market currently owing to global rise in
electric passenger vehicle sales.  Majority of
market is covered by battery electric vehicles
followed by plug-in hybrid electric vehicles.
Based on demand category, OEM is expected to
dominate the global automotive axial flux motor
market. The global automotive axial flux motor
market can be segmented on the basis of vehicle
type, propulsion, demand category, and region.
Based on vehicle type, the market is further
segmented into passenger car, light commercial
vehicle, medium heavy commercial vehicle, and
two wheeler. Based on propulsion type, the market
is further split into BEV, HEV, and PHEV. Based
on demand category, the market is divided into
OEM, Aftermarket. On the basis of region, the
market is divided among Asia-Pacific, Europe
CIS, North America, South America, Middle East
Africa. Some of the major companies operating in
the Global Automotive Axial Flux Motor Market
include Whylot Electromechanical Solutions, Emrax
D.o.o., Lucchi R. E Motor Solution, Agni Motors
Ltd., YASA Limited, Magnax BV, Saietta Group Plc,
Turntide Technologies, Maglec Propulsion Ltd,
Dana TM4 These are the key players developing
advanced technologies and launching new products
to stay competitive in the market. Other
competitive strategies include mergers with tech
firms, new product developments, and marketing
activities to increase customer outreach. The
demand for the automotive axial flux market is
expected to increase in the next few years owing
to significant companies investing in the
technology and rising sales of electric vehicles
in several nations. Europe and the CIS region is
expected to continue to lead by 2027, but
Asia-Pacific will register a high CAGR owing to
the region's significant sales of electric
vehicles, said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based
global management consulting firm.
27

• Sample Data - Snapshot

Global Automotive Axial Flux Motor Market Size,
By Value (USD Million), 2017-2027F
CAGR 2017-2021 By Value XX
CAGR 2022E-2027F By Value XX
Europe CIS Automotive Axial Flux Motor Market
Share, By Vehicle Type, By Value, 2017-2027F
United Kingdom Automotive Axial Flux Motor Market
Share, By Demand Category, By Value, 2017-2027F
28

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• Report Name Global Automotive Axial Flux
  Motor Market
• FORECAST AND OPPORTUNITIES
• 2017 2027

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