North America Engine Stand Market is expected to reach US$ 230.63 million by 2027

Gasoline Engine Stand Segment to Dominate North America Engine Stand Market during 2019–2027

According to The Insight Partners market research study on “North America Engine Stand Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Product Type, and Application” is expected to reach US$ 230.63 million by 2027 from US$ 196.41 million in 2019. The market is estimated to grow at a CAGR of 2.7% from 2020 to 2027. The report provides trends prevailing in the North America engine stand market along with the drivers and restraints pertaining to the market growth. Increasing aircraft engine manufacturing is the major factor driving the growth of the North America engine stand market. However, issues associated with high longevity of engine stands hinders the growth of North America engine stand market.   

 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.

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.

AGSE LLC; DAE Industries; DEDIENNE AEROSPACE; HYDRO SYSTEMS KG; Mahle GmbH; NextGen Aerosupport; and Rhinestahlare among the leading companies in the North America engine stand market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Rhinestahl CTS has designed and manufactured GE9X engine shipping stand. Also, the Rhinestahl CTS has been selected as a GE Aviation authorized engine tooling licensee for the GE9X engines.

The report segments the North America Engine Stand Market follows:

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