North America Engine Stand Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type (Gasoline Engine Stand and Diesel Engine Stand), and Application (Automotive, Aircraft, and Others)
Market Introduction
The engine stand is basically a tool utilized to repair large & bulky both diesel and gasoline engines. The stand uses heavy cantilevered support structure that assists engine to be in midair so that concerned mechanic can successfully reach to exposed surface of engine. Aircraft engine manufacturers, production plants, assembly plants are major application areas of engine stand. Automotive plants are other users of engine stands existing in the market. Factors such as growing aircraft deliveries and orders is amongst the prominent factor which is encouraging the demand for more aircraft engines. Since, aerospace industry is amongst the prominent end user of engine stands, the aircraft engine manufacturers are procuring engine stands. In addition, growing aircraft production and assembly plants in countries like the US is amongst the prominent factor contributing towards the market growth. Moreover, advent of tracking system for engine stands to track real-time information about the engine stand is expected to create lucrative business prospects for the manufacturers. In addition, the scope of maintenance, repair, and overhaul centers is rising across Normal America. Contractual alliances, joint venture, and investment in MROs is another factor that is expected to contribute towards the demand for engine stand. Also, increasing aircraft engine manufacturing is a major factor driving the North America engine stand market.
The ongoing COVID-19 is having a very devastating impact over the North America region. Favorable government policies to boost innovation and reinforce infrastructure capabilities, North America have the highest acceptance and development rate of emerging technologies. Any impact on industries is therefore projected to have a negative influence on the region's economic development. Currently, due to the COVID-19 outbreak, the US is the world's worst affected country, thus affecting the sudden stands still across all the industries present in the region. It is becoming apparent with the COVID-19 pandemic spreading across the United States that few can escape its scope, presenting significant challenges to all industries. This had temporarily closed all production plants across all industries and has also affected the supply chain and logistics industry of the country adversely. Additionally, the closure of all transportation route such as roads and airways has also decreased the demand for engine stands from the major end-use industries such as automotive and aircraft amongst others. Also, owing to nationwide lockdown across major economies like United States and Canada, the supply chain of major components of engine stands was adversely affected, thereby impacted the manufacturing of the same. Thus, the above-mentioned factors indicate that the outbreak of the coid-19 pandemic has an adverse impact on the market across North America.
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Market Overview and Dynamics
The engine stand market in North America is expected to grow from US$ 196.41 million in 2019 to US$ 230.63 million by 2027; it is estimated to grow at a CAGR of 2.7% from 2020 to 2027. The adoption of advanced systems such as tracking devices in various equipment that are used in the aerospace industry is emerging as an important trend in the engine stand market. EngineStands24, one of the companies in the engine stand market, has recently improved its engine stands by adding new tracking devices in their existing stand offerings. EngineStands24is a subsidiary of Magnetic MRO who is a Total Technical Care provider for aircraft operators & lessors- has updated their engine stands by integrating new tracking devices. The tracking feature enables operators to trace engine stands in real-time, especially when it is transported/stored. Moreover, the tracking feature in devices also enables them to check the temperature of a place where the engine stand is stored.
Key Market Segments
The North America 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.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the engine stand market in North America 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; HYDRO SYSTEMS KG; Mahle GmbH; NextGen Aerosupport; and Rhinestahlare.
Reasons to buy report
- To understand the North America engine stand market landscape and identify market segments that are most likely to guarantee a strong return.
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America engine stand market.
- Efficiently plan M&A and partnership deals in North America engine stand market by identifying market segments with the most promising probable sales.
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America engine stand market.
- Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.
North America Engine Stand Market Segmentation
North America Engine Stand Market - By Airport Type
- Gasoline Engine Stand
- Diesel Engine Stand
North America Engine Stand Market - By Application
- Automotive
- Aircraft
- Others
North America Engine Stand Market - By Country
- US
- Canada
- Mexico
North America Engine Stand Market - Company Profiles
- AGSE LLC
- DAE Industries
- DEDIENNE AEROSPACE
- HYDRO SYSTEMS KG
- Mahle GmbH
- NextGen Aerosupport
- Rhinestahl
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Normal America Engine Stand Market Landscape
4.1 Market Overview
4.2 Normal America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Engine Stand Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Aircraft Engine Manufacturing
5.1.2 Aircraft Deliveries at High Rise
5.2 Key Market Restraints
5.2.1 High Longevity of Engine Stands
5.3 Future Trends
5.3.1 Tracking Systems Combining with Engine Stands
5.4 Impact Analysis of Drivers and Restraints
6. Engine Stand Market – Normal America Analysis
6.1 Overview
6.2 Normal America Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)
7. North America Engine Stand Market Analysis – By Product Type
7.1 Overview
7.2 North America Engine Stand Market, by Product Type (2019 and 2027)
7.3 Gasoline Engine Stand
7.3.1 Overview
7.3.2 Gasoline Engine Stand: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Diesel Engine Stand
7.4.1 Overview
7.4.2 Diesel Engine Stand: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)
8. North America Engine Stand Market Analysis – By Application
8.1 Overview
8.2 North America Engine Stand Market, by Application (2019 and 2027)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Aircraft
8.4.1 Overview
8.4.2 Aircraft: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)
9. North America Engine Stand Market – Country Analysis
9.1 Overview
9.1.1 North America: Engine Stand Market, by Key Country
9.1.1.1 US: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 US: Engine Stand Market, by Product Type
9.1.1.1.2 US: Engine Stand Market, by Application
9.1.1.2 Canada: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Canada: Engine Stand Market, by Product Type
9.1.1.2.2 Canada: Engine Stand Market, by Application
9.1.1.3 Mexico: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Mexico: Engine Stand Market, by Product Type
9.1.1.3.2 Mexico: Engine Stand Market, by Application
10. Impact of COVID-19 Pandemic on North America Engine Stand Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. COMPANY PROFILES
12.1 Mahle GmbH
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 AGSE LLC
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 DAE Industries
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Dedienne Aerospace
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 HYDRO SYSTEMS KG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 NextGen Aerosupport
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Rhinestahl
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Boeing and Airbus: Aircraft Order and Delivery Data, 2018 and 2019
Table 2. Normal America Engine Stand Market – Revenue, and Forecast to 2027 (US$ Million)
Table 3. US: Engine Stand Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 4. US: Engine Stand Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 5. Canada: Engine Stand Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada: Engine Stand Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 7. Mexico: Engine Stand Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 8. Mexico: Engine Stand Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. Normal America Engine Stand Market Segmentation
Figure 2. Normal America Engine Stand Market Segmentation – By Country
Figure 3. North America Engine Stand Market Overview
Figure 4. North America Engine Stand Market, by Country
Figure 5. North America Engine Stand Market, By Product Type
Figure 6. North America Engine Stand Market, By Application
Figure 7. North America – PEST Analysis
Figure 8. Ecosystem Analysis: Normal America Engine Stand Market
Figure 9. Expert Opinion
Figure 10. Normal America Engine Stand Market: Impact Analysis of Drivers and Restraints
Figure 11. Normal America Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. North America Engine Stand Market Revenue Share, by Product Type (2019 and 2027)
Figure 13. North America Gasoline Engine Stand: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. North America Diesel Engine Stand: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. North America Engine Stand Market Revenue Share, by Application (2019 and 2027)
Figure 16. North America Automotive: Engine Stand – Revenue and Forecast to 2027 (US$ Million)
Figure 17. North America Aircraft: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. North America Others: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. North America: Engine Stand Market, by Key Country – Revenue (2019) (US$ Million)
Figure 20. North America: Engine Stand Market Revenue Share, by Key Country (2019 and 2027)
Figure 21. US: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Canada: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Mexico: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Impact of COVID-19 Pandemic in North American Country Markets
- AGSE LLC
- DAE Industries
- DEDIENNE AEROSPACE
- HYDRO SYSTEMS KG
- Mahle GmbH
- NextGen Aerosupport
- Rhinestahl
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America engine stand market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America engine stand market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the engine stand market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution