Wankel Engine Market Size, Share, Growth, and Industry Growth, By Type (Water Cooled and Air Cooled), By Application (Unmanned Aerial Vehicle and Airplanes), Regional Forecast To 2031

Updated On: 08 April 2024

Wankel Engine Market REPORT OVERVIEW

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The global wankel engines market size was USD 44 million in 2021 and market is projected to touch USD 99.63 million by 2031, at a CAGR of 8.5% during the forecast period.

The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Wankel engines, also known as rotary engines, are a type of engines that have internal combustion engines. They use eccentric rotor design which converts the pressure energy of gases into rotary motion directly. It is made of rotor, housing, inlet and exhaust ports, output shaft, and spark plug. It uses rotary motion of a triangular rotor that is mounted in an elliptical chamber that transforms thermal energy into rotary motion. They have all the rotating parts and have low weight, compact design, and small size.     

Escalating production of automobiles and uses of the rotary engines in automobiles is projected to rise the market growth. They are used by many automobile manufacturers which are anticipated to drive market growth. Significant demand for such engines for hyper cars and super cars from racing car manufacturers is anticipated to facilitate market share. They are used by big and renowned car manufacturers such as Ferrari, Lamborghini, Porsche, McLaren, Pagani, Buggati, and various other car manufacturers. Advantages of rotary engines over traditional reciprocating engines. Rapid developments and introduction of novel technologies is expected to drive the market wankel engines growth.

COVID-19 Impact: Decline Automotive and Aerospace Industries to Obstruct Market Growth

The effects of the COVID-19 pandemic are already being felt on a global level, the wankel engines market was considerably influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. During the pandemic there was a drop in the production activities in the automotive industry due to shortage of raw materials and shortage of labor. Closure of factories led to disruptions in manufacturing activities due to social distancing norms. This reduced the demand for wankel engines which affected the market growth of the product. Restricted workforce limited the supply at production sites as well. Production of all the parts used in the automobiles and aerospace industries were halted.  

LATEST TRENDS

"Adoption of New Technologies in Automotive Industry to Propel Market Development"

The global wankel engines market growth is estimated to increase due to the adoption of new technologies. Integration of various new and inventive technologies in making and development of rotary engines is expected to gradually create more market growth. Automotive industry is expected to experience structural changes owing to rapid developments and new technologies. Artificial intelligence and machine learning is expected to be one of the most popular technologies that is being adopted. Such technologies can transform the manufacturing process and activities involved in terms of robotic consistency, accuracy, and efficiency. Adoption of such new technologies in automotive industries of various developed and developing countries is estimated to produce profitable prospects for market growth during the forecast period.

Wankel Engine Market SEGMENTATION

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• By Type

Based on type; the market is divided into water cooled and air cooled.

Air cooled are expected to be the leading part of the type segment.  

• By Application

Based on application; the market is divided into unmanned aerial vehicle and airplanes.

DRIVING FACTORS

"Application in the Automotive and Aircraft Industries to Amplify Product Demand "

Some of the main applications of the rotary engines are in automotive and aircraft industries which is projected to lead growth and drive demand for wankel engines. Such engines have been around for a quite a long time and they are one of the most widely used engines. Automotive makers in various countries are expected to drive demand for such engines. They are also used in the aircraft industry owing to their light weight, compact, light, and are vibration-less. They have stronger flows and longer operating cycle compared to reciprocating piston engine is expected to facilitate wankel engines market growth.

"Various Benefits of the Product to Boost Market Development"

Progressive demand for rotary engines is owing to various benefits they offer which is expected to fuel demand for wankel engines. The adoption is expected to rise owing to the benefits the engine offers. Benefits such as they are quiet and smooth, slow internal movement, and few parts to move. Working of the rotary engine is smooth and has more refined feel while driving. They also have few parts to be moved compared to conventional engines. They are also slower in movement which means that their parts are under less pressure and have reliability for a long time.

RESTRAINING FACTORS

"Low Thermal Efficiency to Hamper Market Growth"

There are a number of factors that can propel the growth of the wankel engines market. Due to the unique shape of their combustion they have low thermal efficiency which can hinder market growth. This leads to exhaustion of the engines with unburnt fuel which can affect the performance of the machine. Such negative effects are expected to decrease market growth and act as restraints.

Wankel Engine Market REGIONAL INSIGHTS

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"North America to Lead the Market Share Due to Growth in Automotive Industry "

North America to have a dominating part in the global wankel engines market share owing to increasing expansion of the automotive industry. Increasing presence of automobile manufacturers is expected to increase the market share for the region. Americas have been home to various numerous old brands such as Chevrolet, Cadillac, GMC, and Buick which fueled the automotive industry. Therefore, need to have high performing engines has propelled the growth for usage of such engines in the region. Rise in the aircraft industry is also expected to propel market share. Automotive manufacturers in the region are integrating engines that have different displacement and power outputs in their automobiles which is expected to enhance the region’s growth during the forecast period.

KEY INDUSTRY PLAYERS

"Market Players to Boost Market Growth"

The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• UAV Engines (U.K.)
• Austro Engine (Austria)
• LiquidPiston (U.S.)
• Rotron Power (U.K.)
• AIE (U.K.)
• Mistral Engines (Sweden)
• Aixro (Germany)
• Orbital Power (U.K.)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.