Wankel Engines Market Size, Share, Growth, and Industry Analysis, By Type (Water Cooled, Air Cooled), By Application (Unmanned Aerial Vehicle, Airplanes), Regional Insights, and Forecast To 2032

Wankel Engines Market Report Overview

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The global wankel engines market size was USD 44 million in 2023 and market is projected to touch USD 91.82 million by 2032, exhibiting a CAGR of 8.50% during the forecast period.

The wankel engine, also known as a rotary engine, is a type of internal combustion engine that uses a rotor instead of pistons to convert pressure into rotational motion. While wankel engines have several advantages over traditional piston engines, such as compact size, high power-to-weight ratio, and smooth operation, they have not gained widespread popularity in the automotive industry.

A wankel engine consists of a triangular rotor that rotates within an oval-shaped housing called the epitrochoid. The rotor has three curved sides, and each side acts as a separate piston equivalent. The epitrochoid housing contains the intake, compression, combustion, and exhaust chambers. Wankel engine gained attention due to its compact size, high power-to-weight ratio, and smooth operation. It was used in various applications, including automobiles, motorcycles, aircraft, and even power generators. Mazda, in particular, has been a major proponent of Wankel engine and has used them in some of their sports cars, such as the RX-7 and RX-8.

COVID-19 Impact: Pandemic Hampered the Demand for Market

The global COVID-19 pandemic has been unprecedented and staggering, with wankel engines market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

During the COVID-19 pandemic, the automotive industry as a whole experienced a significant decline in sales and production due to lockdowns, supply chain disruptions, and reduced consumer demand. These factors likely had an impact on the Wankel engines market as well. The pandemic led to reduced consumer purchasing power and a decline in vehicle sales overall. As a result, the demand for Wankel engine, which is primarily used in specialty or high-performance vehicles, may have been negatively affected. Many manufacturing facilities worldwide had to suspend operations or operate at reduced capacity to comply with lockdown measures and ensure the safety of their workers. These disruptions in production and supply chains could have affected the availability of Wankel engine and related components. During the pandemic, many automotive manufacturers shifted their focus towards electric and hybrid vehicles as governments and consumers increasingly emphasized sustainability and environmental concerns. This shift in priorities may have impacted the development and adoption of Wankel engine, which are known for their higher fuel consumption and emissions compared to alternative engine technologies.

Latest Trends

"Automotive Applications to Fuel Market Growth"

While wankel engines have been used in various sports cars and racing vehicles, their adoption in mainstream passenger vehicles has been limited. However, there were some indications of potential growth in this area, with manufacturers exploring the use of wankel engine as range extenders in hybrid and electric vehicles. These engines offer a compact size, high power-to-weight ratio, and smooth operation, making them suitable for certain automotive applications. Wankel engines have found a niche in the aviation industry, particularly in unmanned aerial vehicles (UAVs) and small aircraft. Their lightweight design and high power output make them well-suited for these applications. Some companies were developing Wankel-powered drones and small aircraft for various purposes, including surveillance, aerial photography, and personal transportation.

Wankel Engines Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into water cooled, air cooled.

• By Application Analysis

Based on application, the market can be divided into unmanned aerial vehicle, airplanes.

Driving Factors

"Compact and Lightweight Design to Drive Market Growth"

Wankel engine is known for their compact size and lightweight construction. This makes them attractive for applications where space and weight constraints are crucial, such as in motorcycles, small aircraft, and portable power equipment. Their small size also allows for greater design flexibility and placement options. Wankel engines have a high power-to-weight ratio compared to piston engines of similar displacement. This means they can deliver a significant amount of power relative to their size and weight. As a result, they are often favored in applications that require high power output in a compact package, such as racing cars and high-performance vehicles.

"Advanced Features of Product to Fuel Market Growth "

The rotary design of wankel engine provides inherently smooth operation due to the absence of reciprocating motion found in piston engines. This results in reduced vibrations and noise, leading to a more comfortable and refined driving or operating experience. This characteristic makes Wankel engine suitable for applications where smoothness and low noise are desired, such as in luxury cars and certain industrial equipment. Wankel engine can achieve high rotational speeds compared to piston engines, allowing for increased power output at higher RPMs. This characteristic makes them suitable for applications that require high-speed operation, such as racing vehicles and certain aviation applications. All these factors are driving wankel engines market growth.

Restraining Factors

"Environmental Concerns to Restrict Market Growth "

Wankel engines tend to have higher emissions, particularly in terms of hydrocarbon and nitrogen oxide emissions. With growing environmental concerns and stricter emissions standards, reducing emissions is a significant challenge for wankel engine. Meeting these stringent requirements may require additional technological advancements and investments, which could act as a restraint on market growth.

Wankel Engines Market Regional Insights

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"Presence of Key Players in Europe Anticipated to Drive Market Expansion "

Europe holds the leading position in wankel engines market share. Germany, in particular, has a strong presence in the automotive industry and is home to several renowned automobile manufacturers. Mazda, a Japanese automaker, has also been a prominent user and developer of wankel engine. They introduced the Wankel rotary engine in their RX-7 and RX-8 sports cars.

Key Industry Players

"Adoption Innovative Strategies by Key Players Influencing Market Growth"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio.

The top key players in the market are UAV Engines, Austro Engine, LiquidPiston, Rotron Power, AIE, Mistral Engines, Aixro, Orbital Power. The strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates market demand.

LIST OF TOP Wankel Engines COMPANIES

• UAV Engines
• Austro Engine
• LiquidPiston
• Rotron Power
• AIE
• Mistral Engines
• Aixro
• Orbital Power

Report Coverage

This report examines an understanding of the wankel engines market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.