An axial piston motor of adjustable swept volume for installation in a wheel hub, having a motor housing which is open on one side and is closed by a connection block, an output shaft rotatably mounted in the housing and a connection block, an adjusting device for adjusting the swept volume, a step-down gear unit driven by the output shaft and having a driving toothed wheel for the drive of the wheel hub, and a brake associated with the output shaft on the connection block. For the purpose of reducing the outlay in terms of construction, with comparatively compact dimensions, and for greater ease of external access to the adjusting device, the step-down gear unit (13) is arranged inside the motor housing (1, 3) with two-sided mounting of the driving toothed wheel (47) and the connection block (5) is set back radially with respect to the motor housing (1) and the adjusting device (28, 29, 30) is arranged so as to be freely externally accessible in the region (23) of the motor housing (1, 2) that is free of covering.