Europe Engine Stand Market
The market in Europe is far more fragmented than that in North America. According to European Automobile Manufacturers Association (ACEA), though most of the cars registered across the region are petrol driven, diesel-driven car registration has risen over the years. In 2018, diesel car registrations accounted for 35.9% of the total car registrations across Europe. The rise in use of alternative fuel such as diesel and gasoline for vehicles is boosting the adoption of diesel and gasoline engines across the region. This rise in adoption of diesel is also driving the adoption of diesel engine stands across all workshops and repairs centers for enabling ease and convenience of the maintenance and handling of heavy diesel engines, when taken out of the vehicle. Europe is a home to both engines stand manufacturers and distributors, and it also has companies offering engine stands on lease. For instance, EngineStands.com offers aircraft engine stands to MROs, airlines, repair shops, and leasing companies freight forwarders amongst others in the world; it offers the machines to the clients according to their preferred period. Further, SNA Europe group is among the engine strand manufactures operating in Europe; it offers geared engine stands for enabling easy transportation of heavy engines. Also, surge in aircraft delivery orders is a major factor driving the Europe engine stand market.
The impact of COVID-19 differed from country to country across the European region as selected countries witnessed an increase in the number of recorded cases and subsequently attracted strict as well as longer lockdown periods or social isolation. However, Western European countries such as Germany, France, Russia, the UK, and others have seen a comparatively modest decrease in their growth activities because of the strong healthcare system. To protect its citizens from the virus, the European government has made tremendous investments in incorporating technologies in its healthcare systems to help identify signs of the virus. Businesses across Europe have shifted from traditional to online businesses in order to carry on with their financial activities during the corona virus outbreak. High adoption of work from home culture across the region owing to the nationwide lockdown has reduced the demand for power, and transportation facilities across the country especially from the commercial sector, thereby affected the automotive, aircraft and power sector adversely across the region. On the other hand, the shutdown of manufacturing plants coupled with the adverse impact on logistics and supply chain in the area is also expected to impact the production and distribution process of the same. Thus, the above-mentioned factors indicate that the European engine stand market has been negatively impacted owing to the pandemic.
Strategic insights for the Europe Engine Stand provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 145.96 Million |
| Market Size by 2027 | US$ 195.07 Million |
| Global CAGR (2020 - 2027) | 4.3% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Engine Stand refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The engine stand market in Europe is expected to grow from US$ 145.96 million in 2019 to US$ 195.07 million by 2027; it is estimated to grow at a CAGR of 4.3% from 2020 to 2027. With the growing number of engine orders, the aircraft engine manufacturers are expanding their warehouse capabilities to store/mount higher number of manufactured engines. Thus, with the greater production of different engine models, the demand for engine stands is also surging, which is driving the market growth. Rolls Royce, Pratt &Whitney, General Electric, CSM Engines, and International Engine Alliance are among the leading and gigantic aircraft engine manufacturers that are contributing to the engine stand market growth.
The Europe engine stand market has been segmented into product type, and application. Based on product type, the Normal America engine stand market is segmented into gasoline engine stand, diesel engine stands. Gasoline engine stand segment held a substantial market share in 2019. Based on application, the Normal America engine stand market is segmented into automotive, aircraft, others. Aircraft segment held a substantial market share in 2019.
A few major primary and secondary sources referred to for preparing this report on the engine stand market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AGSE LLC; DAE Industries; DEDIENNE AEROSPACE;
The Europe Engine Stand Market is valued at US$ 145.96 Million in 2019, it is projected to reach US$ 195.07 Million by 2027.
As per our report Europe Engine Stand Market, the market size is valued at US$ 145.96 Million in 2019, projecting it to reach US$ 195.07 Million by 2027. This translates to a CAGR of approximately 4.3% during the forecast period.
The Europe Engine Stand Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Engine Stand Market report:
The Europe Engine Stand Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Engine Stand Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Engine Stand Market value chain can benefit from the information contained in a comprehensive market report.
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