North America Engine Stand Market Outlook and Strategic Insights by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

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)

Report Date : Apr 2021
Report Code : TIPRE00021004

Category : Automotive and Transportation
Status : Published

Available Report Formats :
No. of Pages : 79

Page Updated: Apr 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

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 US, Canada, and Mexico are major economies in North America. Increasing aircraft engine manufacturing is the major factor driving the North America engine stand market. 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. A few of the facts about the aircraft engine manufacturing companies are: General Electric’s partnership with Safran positioned CFM as an international brand (GE and CFM account for 16% and 39% share of the aircraft engine manufacturing, respectively. Also, Pratt & Whitney accounts for ~25% of engine market. The company’s engines are being heavily used in A330, A320, A220, 767, 747-400s, and Embraer E-jets. 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.

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.

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 North America engine stand market. The North America engine stand market is expected to grow at a good CAGR during the forecast period.

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North America Engine Stand Market Segmentation

North America Engine Stand Market – By Product 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 - Companies Mentioned

AGSE LLC
DAE Industries
DEDIENNE AEROSPACE
HYDRO SYSTEMS KG
Mahle GmbH
NextGen Aerosupport
Rhinestahl

North America Engine Stand Report Scope

Report Attribute	Details
Market size in 2019	US$ 196.41 Million
Market Size by 2027	US$ 230.63 Million
Global CAGR (2020 - 2027)	2.7%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Product Type Gasoline Engine Stand and Diesel Engine Stand By Application Automotive Aircraft
Regions and Countries Covered	North America US Canada Mexico
Market leaders and key company profiles	AGSE LLC DAE Industries DEDIENNE AEROSPACE HYDRO SYSTEMS KG Mahle GmbH NextGen Aerosupport Rhinestahl

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the North America Engine Stand Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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