Global Automotive Rotary (Wankel) Engine Market 2017-2021
About Automotive Rotary (Wankel) Engines
Rotary engines are one of the earliest types of internal combustion engines (ICEs). These engines had an odd number of cylinders arranged in a radial configuration. In this type of engines, the crankshaft remains stationary during operation along with the crankcase, and the cylinders attached within the crankcase rotate as a single unit. In automotive applications, rotary engine, also referred as Wankel engine, has been used by many automakers. It has an eccentric rotary design that converts the pressure created by the combustion of the of the fuel-air mixture into rotating motion of the rotor.
Technavio’s analysts forecast the global automotive rotary (Wankel) engines market to grow at a CAGR of 15.50% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive rotary (Wankel) engines market for 2017-2021. To calculate the market size, the report considers the OEM or automaker fitment of rotary engines in automobiles.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Rotary (Wankel) Engine Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive rotary (Wankel) engines market: Ferrari, Mazda Motor, and Porsche.
Other Prominent Vendors in the market are: Daimler Group, Koenigsegg, McLaren, Pagani Automobili, and Zenvo Automotive.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Development of next-generation rotary engine: Mazda RX-9. The global automotive powertrain industry is witnessing rapid developments and enhancements in the field of engine technology. Leading automakers have been developing energy-efficient engine technologies for both diesel and gasoline, which promise higher performance and greater fuel efficiency. Similarly, rotary engine market is witnessing few developments that are expected to increase the operation and functionality of rotary engines.”
According to the report, one of the major drivers for this market is Decreasing prices of retail gasoline driving ICE market. Gasoline is a crucial source of energy for the global automotive industry as most vehicles worldwide use gasoline as fuel. The retail prices of gasoline have always played a crucial role in determining the dynamics of the automotive industry as the cost of gasoline plays a significant role in determining the running cost of an automobile. The recent decline in the price of oil had a notable impact on the global economy. The prices of gasoline have dropped from around $3.34 per gallon in 2014 to around $2.4 per gallon in 2015. The average prices of gasoline further declined in 2016; the average prices fell by nearly 11.2% to $2.13 per gallon when compared with 2015.
Further, the report states that one of the major factors hindering the growth of this market is Leakage of fuel-air mixture through rotor seals: Serious threat to combustion process. The automotive rotary engine exhibits many advantages and benefits over traditional reciprocating piston engines. The integration of minimum moving parts is paving the way for simplistic design, and compact shape and size are one of the biggest takeaways of the engine that are gaining popularity in the global automotive industry. The various stakeholders involved in development and testing of the rotary engine are finding ways to make the rotary engine more useful for mass applications.
Ferrari, Mazda Motor, Porsche, Daimler Group, Koenigsegg, McLaren, Pagani Automobili, and Zenvo Automotive.