Updated

Updated · PR Newswire · Jun 24

Axial Flux Motor Market to Reach $4.97 Billion by 2032 as EV Demand Drives 18.65% CAGR

Updated

Updated · PR Newswire · Jun 24

Axial Flux Motor Market to Reach $4.97 Billion by 2032 as EV Demand Drives 18.65% CAGR

1 articles · Updated · PR Newswire · Jun 24

$4.97 billion is the projected size of the global axial flux motor market by 2032, up from $1.50 billion in 2025, according to a Credence Research forecast.
18.65% annual growth is being driven by rising EV adoption and demand for compact, lightweight, high-torque motors in industrial automation, aerospace, marine and robotics applications.
Asia Pacific holds the largest regional share at about 38%, followed by Europe at 29% and North America at 22%, reflecting stronger electrification and advanced manufacturing investment.
High development costs, manufacturing scale-up complexity and OEM integration hurdles still threaten wider adoption, especially where platforms and power electronics must be redesigned.
Electric vehicles are expected to remain the main demand engine through 2032, while electric aviation, marine propulsion and advanced machinery broaden the market's long-term growth base.

Sources

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