Europe Engine Stand Market Analysis and Opportunities by 2027

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.

France, Germany, Italy, UK, and Russia are major economies in APAC. Surge in aircraft delivery orders is the major factor driving the Europe engine stand market. The Europe aviation industry is experiencing swift growth, recording significant production volumes of commercial and military aircraft fleet. The commercial aircraft fleet has witnessed massive growth in the past few years owing to the emergence of new low-cost carriers (LCCs) and fleet expansion strategies adopted by the full-service carriers (FSCs). Commercial aviation is foreseen to surge in the coming years due to the mounting number of air travel passengers and aircraft procurement. In Europe air passenger traffic has been surging with time, which is propelling the demand for commercial aircraft.  Apart from the commercial aviation sector, the military aviation sector is consistently growing in terms of aircraft manufacturing and deliveries. Airbus and Boeing are the two aircraft manufacturing giants with significant volumes of orders and delivery statistics. These two aircraft original equipment manufacturers (OEMs) are continuously encountering orders for various aircraft models from different civil airlines. The aviation industry is dynamic and is evolving rapidly. Rise in the production of commercial and military aircraft is significantly expanding the scope of aircraft engine manufacturing. The procurement of aircraft is increasing across the Europe, especially in developing regions such as Asia. In October 2019, Airbus introduced their new assembly line for A320 structure in Hamburg (Germany).

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 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.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe engine stand market. The Europe engine stand market is expected to grow at a good CAGR during the forecast period.

Europe Engine Stand Market Segmentation

Europe Engine Stand Market – By Product Type

• Gasoline Engine Stand
• Diesel Engine Stand

Europe Engine Stand Market – By Application

• Automotive
• Aircraft
• Others

Europe Engine Stand Market, by Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe 

Europe Engine Stand Market - Companies Mentioned

• AGSE LLC
• DAE Industries
• DEDIENNE AEROSPACE
• Frank Brown & Son Ltd
• HYDRO SYSTEMS KG
• Mahle GmbH
• The Brixworth Engineering Co Ltd

Europe Engine Stand Report Scope