Global Coreless Axial Flux Electric Motors Market Strategic Research Report

Scope of the Report

The global Coreless Axial Flux Electric Motors market size is predicted to grow from US$ 270 million in 2025 to US$ 582 million in 2032; it is expected to grow at a CAGR of 12.0% from 2026 to 2032.

A coreless axial flux electric motor is a high-performance motor that employs an axial flux topology and has a stator without an iron core. Unlike traditional radial flux motors where flux flows radially, the flux in a coreless axial flux motor is transmitted axially. It typically consists of a dual-rotor, single-stator or single-rotor, dual-stator structure. Permanent magnets are mounted on the rotor discs, while the stator uses a coreless winding structure, eliminating the need for a traditional silicon steel core.

In 2025, global sales of coreless axial flux electric motors reached 23,000 units, with a production capacity of approximately 33,000 units. The average selling price was US$12,000 per unit, and the average gross profit margin was 35%-45%.

The upstream of the industry chain mainly includes suppliers of high-performance rare earth permanent magnet materials (neodymium iron boron, samarium cobalt, etc.), copper winding materials, carbon fiber and aluminum alloy structural parts, bearings, sensors, encoders, and power electronic devices such as IGBTs and SiC power modules; the midstream consists of R&D and manufacturing enterprises of coreless axial flux motors and electric drive systems, responsible for electromagnetic design, coreless winding manufacturing, rotor magnetic circuit optimization, thermal management system development and controller integration, and forming complete motor drive solutions; the downstream is mainly used in low-altitude economy, engineering machinery, new energy vehicles, new energy ships, aerospace and other fields.

Global carbon neutrality goals, policies promoting new energy vehicles, and aviation electrification strategies have provided significant development opportunities for the coreless axial flux electric motor industry. Countries are actively supporting the research and development of new energy vehicles and advanced aircraft, driving innovation in high-efficiency, high-power-density electric drive technologies. Simultaneously, the establishment of eVTOL certification systems, Urban Air Mobility (UAM) planning, and the upgrading of energy efficiency standards for high-efficiency motors have also accelerated the commercialization of axial flux motor technologies. In recent years, an increasing number of automakers and aerospace companies have begun collaborating with axial flux motor manufacturers to jointly advance the development of next-generation electric drive systems.

Key Questions Addressed in this Report

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

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

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

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

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

This report presents a comprehensive overview of the global Coreless Axial Flux Electric Motors market, covering market size and forecast, segmentation by product type and application, competitive landscape, leading players and regional and country-level outlook.

Segment by Type

• Single Rotor
• Dual Rotor

Segment by Cooling Methods

• Air Cooling
• Water Cooling
• Oil Cooling

Segment by Voltage

• ＜100V
• 100–600V
• 600–1000V

Segment by Application

• New Energy Vehicles
• Construction Machinery
• Low-Altitude Economy
• New Energy Ships
• Aerospace
• Others

Who Can Use This Report?

This report is written for decision-makers who need a clear, data-backed view of the global Coreless Axial Flux Electric Motors market:

• Manufacturers, suppliers and solution providers benchmarking their position and planning product, capacity and go-to-market strategy
• Distributors, channel partners and end users in New Energy Vehicles, Construction Machinery, Low-Altitude Economy evaluating demand and sourcing options
• Investors, financial analysts and consultants assessing growth opportunities, competitive dynamics and M&A potential
• Government agencies, industry associations and research institutions tracking industry developments and policy impact