Wankel Engines Market Growth Report 2021-2031
The Wankel Engines Market is expected to register a CAGR of 8.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
Wankel Engines Market covers analysis By Product Type (Water Cooled, Air Cooled); Application (Aircraft Engines, Unmanned Aerial Vehicle)
Purpose of the ReportThe report Wankel Engines Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Wankel Engines Market Segmentation
Product Type- Water Cooled
- Air Cooled
- Aircraft Engines
- Automotive
- Unmanned Aerial Vehicle
- Others
Strategic Insights
Wankel Engines Market Growth Drivers- Increasing Demand for Compact Engines: With rising development of the compact size wankel engines for automotive and aerospace applications is gaining popularity. This is because space efficiency and weight reduction are highly desired in automobiles which created massive demand for the market growth. The Wankel engine boasts a compact and light structure, which is good for applications where space and weight are considered paramount, such as motorcycles and small aircraft. The growing proliferation of compact engines is boosting the demand for wankel engines market.
- Rising Adoption of Advancned Technologies: Introduction of new advanced technologies into Wankel engines is improving the efficiency and performance. Improved fuel efficiency, reduced emissions, and so on are improvements that seem to be as alluring to the manufacturers as to the consumers. These engines feature a higher power-to-weight ratio than traditional piston engines. This is more appealing in sectors requiring performance at a weight increase without significance.
- Growing Research and Development: Companies are focusing more on the research activities to develop wankle engines with more advanced technologies. With more research activities, the better and stronger the wankel engines are developed. Material science and design innovations have really improved the reliability and versatility of wankel engines. Alternative fuels transitioning toward wankel engine-based motors to sustainability, an emphasis at which this stage can include a good mix of other elements also aligning more or less with trends currently emerging.
- Expansions of UAV Applications: The industry trend has indicated that wankel engines are used more for drone technology due to their efficiency and power-to-weight ratio. The growing development in the UAV sector with advacnned technology advancement is boosting the demand for wankle engines across the globe. The aerospace industry is seeking alternative engine technologies. Wankel engines can be applied in UAVs and light aircraft to provide room for growth in that niche market.
- Growing Emohasis on Sustainability: The competition is primarily made up of more sustainable industries; in this respect, the Wankel engine has much to bring to the table concerning the reduction of emissions when compared to piston engines. This involves a globalization of carbon footprint reductions as well as strictly enforcing ever more stringent environmental regulations. Wankel engines generally emit less because they burn the fuel efficiently. In an environment where regulations are tightening up, this is a huge selling point for manufacturers looking to make it into the market.
- Rising Adoption of Wankle Engines in Attacking Hybrid Electric Vehicles: Opportunities to insert wankel engines into hybrid electric vehicles continue to grow. They could benefit hybrids by offering better compactness and efficiency in matching with an electric powertrain, thereby opening a new option for manufacturers looking to achieve superior vehicle performance but sustainable enough. Electrified compact dimensions and efficiency will fit right into the vehicle to power the electric motor and produce a unique range-extender solution which is driving the application of the wankle engines globally.
- Development in the Emerging Markets: With the current industrialization in countries developing, Wankel engines have a strong possibility of replacing quite a few sectors as most originate in agriculture and small machinery applications. Their efficiency and low failure rates can be quite easily adapted by these surging economies, thus providing an enormous opportunity for market expansion. Developing countries in emerging nations such as Asia Pacific and Latin America are highly focusing on advancement in the UAV sector, which is also having a positive impact on the wankel engines market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Wankel Engines Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Wankel Engines Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The major players in the market includes UAV Engines Ltd., Austro Engine GmbH, LiquidPiston, Rotron Power, AIE, Mistral Engines, Aixro, Sky Power Gmbh , Wankle AG, Orbital Power
High manufacturing cost of the wankle engines hinders the market growth.
The Wankel Engines Market is estimated to witness a CAGR of 8.1% from 2023 to 2031
With rising development of the compact size wankel engines for automotive and aerospace applications is major driving factor for the market growth.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Wankel Engines Market - By Product
1.3.2 Wankel Engines Market - By Application
1.3.3 Wankel Engines Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WANKEL ENGINES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. WANKEL ENGINES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. WANKEL ENGINES MARKET - GLOBAL MARKET ANALYSIS
6.1. WANKEL ENGINES - GLOBAL MARKET OVERVIEW
6.2. WANKEL ENGINES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WANKEL ENGINES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. WATER COOLED
7.3.1. Overview
7.3.2. Water Cooled Market Forecast and Analysis
7.4. AIR COOLED
7.4.1. Overview
7.4.2. Air Cooled Market Forecast and Analysis
8. WANKEL ENGINES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AIRCRAFT ENGINES
8.3.1. Overview
8.3.2. Aircraft Engines Market Forecast and Analysis
8.4. UNMANNED AERIAL VEHICLE
8.4.1. Overview
8.4.2. Unmanned Aerial Vehicle Market Forecast and Analysis
9. WANKEL ENGINES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Wankel Engines Market Overview
9.1.2 North America Wankel Engines Market Forecasts and Analysis
9.1.3 North America Wankel Engines Market Forecasts and Analysis - By Product
9.1.4 North America Wankel Engines Market Forecasts and Analysis - By Application
9.1.5 North America Wankel Engines Market Forecasts and Analysis - By Countries
9.1.5.1 United States Wankel Engines Market
9.1.5.1.1 United States Wankel Engines Market by Product
9.1.5.1.2 United States Wankel Engines Market by Application
9.1.5.2 Canada Wankel Engines Market
9.1.5.2.1 Canada Wankel Engines Market by Product
9.1.5.2.2 Canada Wankel Engines Market by Application
9.1.5.3 Mexico Wankel Engines Market
9.1.5.3.1 Mexico Wankel Engines Market by Product
9.1.5.3.2 Mexico Wankel Engines Market by Application
9.2. EUROPE
9.2.1 Europe Wankel Engines Market Overview
9.2.2 Europe Wankel Engines Market Forecasts and Analysis
9.2.3 Europe Wankel Engines Market Forecasts and Analysis - By Product
9.2.4 Europe Wankel Engines Market Forecasts and Analysis - By Application
9.2.5 Europe Wankel Engines Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Wankel Engines Market
9.2.5.1.1 Germany Wankel Engines Market by Product
9.2.5.1.2 Germany Wankel Engines Market by Application
9.2.5.2 France Wankel Engines Market
9.2.5.2.1 France Wankel Engines Market by Product
9.2.5.2.2 France Wankel Engines Market by Application
9.2.5.3 Italy Wankel Engines Market
9.2.5.3.1 Italy Wankel Engines Market by Product
9.2.5.3.2 Italy Wankel Engines Market by Application
9.2.5.4 United Kingdom Wankel Engines Market
9.2.5.4.1 United Kingdom Wankel Engines Market by Product
9.2.5.4.2 United Kingdom Wankel Engines Market by Application
9.2.5.5 Russia Wankel Engines Market
9.2.5.5.1 Russia Wankel Engines Market by Product
9.2.5.5.2 Russia Wankel Engines Market by Application
9.2.5.6 Rest of Europe Wankel Engines Market
9.2.5.6.1 Rest of Europe Wankel Engines Market by Product
9.2.5.6.2 Rest of Europe Wankel Engines Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Wankel Engines Market Overview
9.3.2 Asia-Pacific Wankel Engines Market Forecasts and Analysis
9.3.3 Asia-Pacific Wankel Engines Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Wankel Engines Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Wankel Engines Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Wankel Engines Market
9.3.5.1.1 Australia Wankel Engines Market by Product
9.3.5.1.2 Australia Wankel Engines Market by Application
9.3.5.2 China Wankel Engines Market
9.3.5.2.1 China Wankel Engines Market by Product
9.3.5.2.2 China Wankel Engines Market by Application
9.3.5.3 India Wankel Engines Market
9.3.5.3.1 India Wankel Engines Market by Product
9.3.5.3.2 India Wankel Engines Market by Application
9.3.5.4 Japan Wankel Engines Market
9.3.5.4.1 Japan Wankel Engines Market by Product
9.3.5.4.2 Japan Wankel Engines Market by Application
9.3.5.5 South Korea Wankel Engines Market
9.3.5.5.1 South Korea Wankel Engines Market by Product
9.3.5.5.2 South Korea Wankel Engines Market by Application
9.3.5.6 Rest of Asia-Pacific Wankel Engines Market
9.3.5.6.1 Rest of Asia-Pacific Wankel Engines Market by Product
9.3.5.6.2 Rest of Asia-Pacific Wankel Engines Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Wankel Engines Market Overview
9.4.2 Middle East and Africa Wankel Engines Market Forecasts and Analysis
9.4.3 Middle East and Africa Wankel Engines Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Wankel Engines Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Wankel Engines Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Wankel Engines Market
9.4.5.1.1 South Africa Wankel Engines Market by Product
9.4.5.1.2 South Africa Wankel Engines Market by Application
9.4.5.2 Saudi Arabia Wankel Engines Market
9.4.5.2.1 Saudi Arabia Wankel Engines Market by Product
9.4.5.2.2 Saudi Arabia Wankel Engines Market by Application
9.4.5.3 U.A.E Wankel Engines Market
9.4.5.3.1 U.A.E Wankel Engines Market by Product
9.4.5.3.2 U.A.E Wankel Engines Market by Application
9.4.5.4 Rest of Middle East and Africa Wankel Engines Market
9.4.5.4.1 Rest of Middle East and Africa Wankel Engines Market by Product
9.4.5.4.2 Rest of Middle East and Africa Wankel Engines Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Wankel Engines Market Overview
9.5.2 South and Central America Wankel Engines Market Forecasts and Analysis
9.5.3 South and Central America Wankel Engines Market Forecasts and Analysis - By Product
9.5.4 South and Central America Wankel Engines Market Forecasts and Analysis - By Application
9.5.5 South and Central America Wankel Engines Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Wankel Engines Market
9.5.5.1.1 Brazil Wankel Engines Market by Product
9.5.5.1.2 Brazil Wankel Engines Market by Application
9.5.5.2 Rest of South and Central America Wankel Engines Market
9.5.5.2.1 Rest of South and Central America Wankel Engines Market by Product
9.5.5.2.2 Rest of South and Central America Wankel Engines Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. WANKEL ENGINES MARKET, KEY COMPANY PROFILES
11.1. AIXRO GMBH
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AUSTRO ENGINE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BARNARD MICROSYSTEMS LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. LIQUIDPISTON
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ENGIRO GMBH
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. 3W INTERNATIONAL GMBH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. GERHARD GEIGER GMBH AND CO. KG
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SKY POWER GMBH
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. UAV ENGINES LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WANKEL SUPERTEC GMBH
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. AIXRO GmbH
2. Austro Engine
3. Barnard Microsystems Ltd.
4. LiquidPiston
5. ENGIRO GmbH
6. 3W International GmbH
7. Gerhard Geiger GmbH and Co. KG
8. Sky Power GmbH
9. UAV Engines LTD
10. Wankel Supertec GmbH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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