According to TechSci Research report, “Global Two Wheeler Axial Flux Motors Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Two Wheeler Axial Flux Motors Market stood at USD 43 million in 2022 and is anticipated to grow with a CAGR of 5.40% in the forecast period, 2024-2028. The global two-wheeler axial flux motors market is experiencing a significant transformation driven by the growing demand for sustainable and eco-friendly mobility solutions.
Electric two-wheelers equipped with axial flux motors have emerged as a promising alternative to traditional gasoline-powered motorcycles and scooters. This shift is primarily influenced by environmental concerns, stringent emissions regulations, and the need for energy-efficient transportation. Axial flux motors, known for their compact design and high efficiency, are at the forefront of this change, providing the essential propulsion technology for electric two-wheelers.
One of the key drivers of this market is the increasing awareness of environmental issues and the desire for cleaner transportation options. Governments around the world are introducing regulations to curb emissions and promote electric mobility. As a result, electric two-wheelers with axial flux motors offer an attractive solution, emitting zero tailpipe emissions and contributing to reduced air pollution.
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The global two-wheeler axial flux motors market is witnessing a transformative shift in the landscape of personal mobility. Electric two-wheelers, powered by axial flux motors, have emerged as a compelling solution to the challenges posed by traditional gasoline-powered motorcycles and scooters.
This market is evolving rapidly, driven by a convergence of factors that include environmental concerns, technological advancements, changing consumer preferences, and urbanization. One of the primary drivers of the global two-wheeler axial flux motors market is the increasing awareness of environmental issues and the pressing need for sustainable transportation options. The world is facing escalating concerns over air quality, carbon emissions, and the impact of transportation on climate change.
In response, governments and regulatory bodies worldwide are implementing stringent emissions standards and promoting electric mobility as a means to reduce greenhouse gas emissions and mitigate environmental damage. Axial flux motors, renowned for their efficiency and compatibility with electric powertrains, have become instrumental in addressing these concerns. Electric two-wheelers equipped with axial flux motors offer a cleaner and greener alternative to traditional internal combustion engine (ICE) vehicles, emitting zero tailpipe emissions and significantly reducing the carbon footprint of personal transportation.
Furthermore, the global market for electric two-wheelers with axial flux motors is driven by technological advancements in motor technology. Axial flux motors, characterized by their compact design and high power density, have benefited from ongoing research and development efforts aimed at improving their performance and efficiency. Innovations in materials, manufacturing techniques, and thermal management systems have resulted in lighter, more durable, and heat-efficient motors. These advancements contribute to increased energy efficiency and enhanced overall performance of electric two-wheelers. Additionally, the integration of sophisticated motor control systems and battery management technology has made axial flux motors more responsive, allowing for smoother acceleration, improved range, and better energy management. As electric two-wheeler manufacturers continue to refine axial flux motor technology, consumers can expect higher-performing and more reliable vehicles.
While the adoption of electric two-wheelers with axial flux motors is on the rise, several challenges need to be addressed to unlock the market’s full potential. One of the key challenges is the limited availability of charging infrastructure. Electric two-wheelers rely on charging stations for replenishing their batteries, and the lack of a robust charging network can hinder widespread adoption. Range anxiety, or the fear of running out of battery charge without access to a charging point, remains a significant concern for potential electric two-wheeler buyers. To overcome this challenge, governments, private enterprises, and utility companies must invest in the development of comprehensive and easily accessible charging infrastructure. The expansion of fast-charging stations, particularly in urban areas and along major commuting routes, is essential to alleviate range anxiety and encourage consumers to make the switch to electric two-wheelers.
Battery technology represents a critical aspect of the global two-wheeler axial flux motors market, and there are both opportunities and challenges associated with it. While there have been significant advancements in battery technology in recent years, including improvements in energy density and charging speeds, there is still room for innovation. Battery energy density needs to increase to provide electric two-wheelers with longer ranges, especially for riders who require extended commutes or travel. Additionally, battery weight remains a concern, as lighter batteries can enhance the overall performance and handling of electric two-wheelers. Further research and development efforts are required to develop batteries that are more energy-dense, lightweight, and cost-effective.
Safety concerns are another area of focus within the global two-wheeler axial flux motors market. Electric two-wheelers, often characterized by their silent operation, can be less noticeable to pedestrians and other road users, increasing the risk of accidents. Furthermore, the instant torque and rapid acceleration provided by axial flux motors can catch riders off guard, particularly those transitioning from traditional gasoline-powered vehicles.
To mitigate these safety concerns, manufacturers must invest in safety features and rider education programs. Safety features can include improved visibility through lighting and reflective elements, anti-lock braking systems (ABS), and traction control systems. Rider education programs can help familiarize new riders with the unique characteristics of electric two-wheelers, emphasizing safe riding practices and defensive riding techniques. Additionally, governments and regulatory bodies should establish safety standards specific to electric two-wheelers and enforce them rigorously to ensure the vehicles meet stringent safety criteria.
Recent Developments in Two Wheeler Axial Flux Motors Market
- To provide the next-generation maritime propulsion solutions, Saietta Group plc created the Propel division of axial flux motors in November 2021. These axial flux motors use Flux Technology for supporting decarbonization and sustainable mobility on waterways. These motors provide the best possible performance and efficiency, which enables them to comply with impending laws in all the main cities.
- To improve electrification capabilities and create sustainable electrification for industrial and commercial vehicles, Turntide Technologies bought AVID Technology in August 2021. The acquisition aims to bring together AVID’s and technology to produce goods that can be used in industrial vehicles. In order to stop using rare earth magnets in electric vehicles, the acquisition was made.
Major companies operating in Global Two Wheeler Axial Flux Motors Market are:
- Magnax BV
- YASA Limited
- Nidec Corporation
- Saietta Group
- EMRAX
- Whylot Electromechanical Solutions
- Agni Motors Ltd,
- Turntide Technologies
- Elaphe Propulsion Technologies,
- Brusa Elektronik AG
- PML Flightlink Ltd.
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“The global two-wheeler axial flux motors market is undergoing a dynamic transformation as the demand for electric mobility solutions surges. Electric two-wheelers equipped with axial flux motors are at the forefront of this change, offering environmentally friendly and efficient alternatives to traditional gasoline-powered motorcycles and scooters. The market is driven by environmental concerns, technological innovations, and evolving consumer preferences for sustainable transportation options. However, challenges such as limited charging infrastructure and higher upfront costs need to be addressed to unlock the market’s full potential. With continuous advancements in motor technology, battery efficiency, and supportive government policies, the global two-wheeler axial flux motors market is poised for substantial growth, promising a cleaner and more sustainable future for personal mobility,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Two Wheeler Axial Flux Motors Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Propulsion (BEV, HEV, PHEV), By Demand Category (OEM, Aftermarket) By Region, By Competition, 2018-2028”, has evaluated the future growth potential of Global Two Wheeler Axial Flux Motors Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Two Wheeler Axial Flux Motors Market.
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