Global Wankel Engines Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Wankel Engines Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The Wankel engine is a type of internal combustion engine using an eccentric rotary design to convert pressure into rotating motion. In contrast to the more common reciprocating piston designs, the Wankel engine delivers advantages of simplicity, smoothness, compactness, high revolutions per minute, and a high power-to-weight ratio.

Market Overview:

The latest research study on the global Wankel Engines market finds that the global Wankel Engines market reached a value of USD 53.26 million in 2022. It’s expected that the market will achieve USD 103.69 million by 2028, exhibiting a CAGR of 11.74% during the forecast period.

Influence of COVID-19 Outbreak on Wankel Engines Industry Development .

The downstream buyers of high-speed motors for industrial solutions are mainly drones and aircraft manufacturers. Affected by COVID-19, downstream buyers are worried about the delay in the supply chain, which may boost the sales of Wankel Engines in a short time. However, most factories have not yet been fully operational, which limits the overall supply of the Wankel Engines market, thereby reducing the industry's ability to deal with the backlog and quickly recover from losses.

Market Drivers/Opportunities

Due to the superior power-to-weight ratio and the inherent advantages of reduced noise and vibration signals, Wankel engines are used as propulsion devices for UAVs and aircraft. As the application of drones continues to expand, for example, aerial photography, express delivery, pesticide spraying, etc. The requirements for the safety and reliability of drones are becoming more and more stringent, so the Wankel engine has played a certain role in its market. In turn, this also promotes sales to the Wankel engine market.

Market Challenges

/Risks
Wankel Engines’ raw material costs and labor costs continue to increase, narrowing the company's profit space. For the labor-intensive Wankel Engines industry, the rise in labor costs has made many SMEs unsustainable for a time, especially the labor shortage problem caused by the loss of labor and the problem of labor cost growth. Engine production costs continue to rise.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview:

Rotron Power is one of the major players operating in the Wankel Engines market, holding a share of 30.77% in 2020.

Rotron Power Limited is a British aircraft engine manufacturer based in Semley, Wiltshire. The company specializes in designing and manufacturing Wankel engines for unmanned aerial vehicles, light aircraft and helicopters.

UAV Engines is an enterprise that specializes in designing, manufacturing and selling highperformance rotary engines for UAVs.

Segmentation Overview:

Among different product types, Water Cooled segment is anticipated to contribute the largest market share in 2027.

The water-cooled Wankel engine is a Wankel engine that uses water or antifreeze with water as the main component as the cooling medium. It casts some channels for water to circulate on the inner wall of the cylinder and cylinder head, and is equipped with a special radiator outside the engine body. The cooling water is forced to circulate through the water pump and pipes, and then the cooling fan is used to blow the air at high speed to dissipate heat. The surface of the heat sink of the engine takes away the heat emitted by the engine and cools the engine.

The air-cooled Wankel engine is an engine with air as the cooling medium. It casts some radiating fins on the outer wall of the cylinder and cylinder head, and uses a cooling fan to blow air over the surface of the radiating fins at high speed to take away the heat emitted by the engine and cool the engine.

Application Overview:

By application, the Unmanned Aerial Vehicle segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Wankel Engines market covered in Chapter 3:

Aixro
Rotron Power
3W International
Austro Engine
UAV Engines
AIE

In Chapter 4 and Chapter 14.2, on the basis of types, the Wankel Engines market from 2018 to 2029 is primarily split into:

Water Cooled
Air Cooled

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Wankel Engines market from 2018 to 2029 covers:

Unmanned Aerial Vehicle
Airplanes

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)