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Asia Pacific 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)

Code: TIPRE00020997 | Pages: 82 | Industry: Automotive and Transportation | Date: Apr 2021
Covid

Market Introduction

The presence of emerging economies and rise in the adoption of innovative, as well as advanced, technologies are among the factors contributing to the overall development of APAC. The engine stand market in APAC is sub segmented into Australia, China, Japan, India, South Korea, and the Rest of APAC. Rapid industrialization and urbanization across the countries in the region are creating high demand for passenger vehicles and commercial vehicles, energy, and power, thereby fueling the adoption of engine stands in the automotive and energy & power sectors. Australia, China, and India have experienced a rise in the number of local engine stand manufacturers in the last few years. For instance, BURG DESIGN (Aust) PTY LTD offers safe engine stands with strong construction, suitable to undergo toughest work. Kincrome Australia Pty Ltd offers engine stands specially designed for heavy engines. The company’s products are well-suited for trade workshops applications as well as for mounting popular motors such as 4-, 6-, and 8-cylinder motors. Hangzhou Omega Machinery Co., Ltd. (China) designs and manufactures engine stands with maximum durability and 360-degree rotational capabilities for positioning engines with ease. Additionally, the increasing use of diesel and gasoline, as automotive fuel types, across developing countries such as China and India are also expected to propel the adoption of diesel engine stands and gasoline engine stands in the region.    

Because of a massive number of cases in China and India, the APAC region is greatly affected by COVID-19, the country also homes the largest population across the world, thereby imposing greater risk of many individuals; it is also a world leader of many brands. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has also affected other major economies outside China, such as India, Australia and Japan, and the region is thus experiencing a downward inflation. The sudden closedown of all economic activities which includes manufacturing plants of both essential products and luxurious items has impacted the overall economy of the countries in the region. China being the manufacturing hub of the world has many major players and distributers located in the country. The temporary shutdown of supply chain to manufacturers of the engine stand is expected to negatively impact the market. Additionally, the reduction in demand of power by 25-30% has been observed across countries like India which in turn will lead to less demand of engine stands from the energy and power sector. This decrease in demand, combined with slow recovery, would have a negative effect on the engine stand market across the region owing to the pandemic.   

Market Overview and Dynamics

The engine stand market in APAC is expected to grow from US$ 103.88 million in 2019 to US$ 132.91 million by 2027; it is estimated to grow at a CAGR of 3.8% 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.

Key Market Segments

The APAC 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 APAC 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; and Vega Aviation Products Pvt. Ltd.  

Reasons to buy report

  • To understand the APAC 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 APAC engine stand market.
  • Efficiently plan M&A and partnership deals in APAC 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 APAC engine stand market.
  • Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.

APAC Engine Stand Market Segmentation

APAC Engine Stand Market - By Airport Type

  • Gasoline Engine Stand
  • Diesel Engine Stand

APAC Engine Stand Market - By Application

  • Automotive
  • Aircraft
  • Others

APAC Engine Stand Market - By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC 

APAC Engine Stand Market - Company Profiles

  • AGSE LLC
  • DAE Industries
  • DEDIENNE AEROSPACE
  • HYDRO SYSTEMS KG
  • Mahle GmbH
  • Vega Aviation Products Pvt. Ltd.

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.           APAC Engine Stand Market Landscape

4.1         Market Overview

4.2         APAC PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           APAC Engine Stand Market – Key Market Dynamics

5.1         Key Market Drivers

5.1.1        Significant Growth in Aircraft Engine Manufacturing

5.1.2        Boost in Order Deliveries Related to Aircraft

5.2         Key Market Restraints

5.2.1        Large Service Lives of Engine Stands

5.3         Key Market Opportunities

5.3.1        Rising Popularity of MRO Facilities in APAC Countries

5.4         Future Trends

5.4.1        Tracking Systems Being Integrated with Engine Stands

5.5         Impact Analysis of Drivers and Restraints

6.           Engine Stand Market – APAC Analysis

6.1         Overview

6.2         APAC Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)

7.           APAC Engine Stand Market Analysis – By Product Type

7.1         Overview

7.2         APAC 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.           APAC Engine Stand Market Analysis – By Application

8.1         Overview

8.2         APAC 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.           APAC Engine Stand Market – Country Analysis

9.1         Overview

9.1.2        APAC: Engine Stand Market, by Key Country

9.1.2.1          Australia: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)

9.1.2.1.1          Australia: Engine Stand Market, by Product Type

9.1.2.1.2          Australia: Engine Stand Market, by Application

9.1.2.2          China: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)

9.1.2.2.1          China: Engine Stand Market, by Product Type

9.1.2.2.2          China: Engine Stand Market, by Application

9.1.2.3          India: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)

9.1.2.3.1          India: Engine Stand Market, by Product Type

9.1.2.3.2          India: Engine Stand Market, by Application

9.1.2.4          Japan: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)

9.1.2.4.1          Japan: Engine Stand Market, by Product Type

9.1.2.4.2          Japan: Engine Stand Market, by Application

9.1.2.5          South Korea: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)

9.1.2.5.1          South Korea: Engine Stand Market, by Product Type

9.1.2.5.2          South Korea: Engine Stand Market, by Application

9.1.2.6          Rest of APAC: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)

9.1.2.6.1          Rest of APAC: Engine Stand Market, by Product Type

9.1.2.6.2          Rest of APAC: Engine Stand Market, by Application

10.        Impact of COVID-19 Pandemic on APAC Engine Stands Market

10.1      APAC: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Market Initiative

11.2      Merger and Acquisition

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      Vega Aviation Products Pvt. Ltd.

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Financial Overview

12.6.4     SWOT Analysis

12.6.5     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.             APAC Engine Stand Market – Revenue, and Forecast to 2027 (US$ Million)

Table 3.             Australia: Engine Stand Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 4.             Australia: Engine Stand Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 5.             China: Engine Stand Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 6.             China: Engine Stand Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 7.             India: Engine Stand Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 8.             India: Engine Stand Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 9.             Japan: Engine Stand Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 10.          Japan: Engine Stand Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 11.          South Korea: Engine Stand Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 12.          South Korea: Engine Stand Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 13.          Rest of APAC: Engine Stand Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 14.          Rest of APAC: Engine Stand Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 15.            List of Abbreviation

LIST OF FIGURES

Figure 1.           APAC Engine Stand Market Segmentation

Figure 2.           APAC Engine Stand Market Segmentation – By Country

Figure 3.           APAC Engine Stand Market Overview

Figure 4.           APAC Engine Stand Market, by Country

Figure 5.           APAC Engine Stand Market, By Product Type

Figure 6.           APAC Engine Stand Market, By Application

Figure 7.           APAC– PEST Analysis

Figure 8.           Ecosystem Analysis: APAC Engine Stand Market

Figure 9.           Expert Opinion

Figure 10.        APAC Engine Stand Market: Impact Analysis of Drivers and Restraints

Figure 11.        APAC Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)

Figure 12.        APAC Engine Stand Market Revenue Share, by Product Type (2019 and 2027)

Figure 13.        APAC Gasoline Engine Stand: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14.        APAC Diesel Engine Stand: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15.        APAC Engine Stand Market Revenue Share, by Application (2019 and 2027)

Figure 16.        APAC Automotive: Engine Stand – Revenue and Forecast to 2027 (US$ Million)

Figure 17.        APAC Aircraft: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18.        APAC Others: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        APAC: Engine Stand Market, by Key Country – Revenue (2019) (US$ Million)

Figure 20.        APAC: Engine Stand Market Revenue Share, by Key Country (2019 and 2027)

Figure 21.        Australia: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.        China: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.        India: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        Japan: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        South Korea: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.        Rest of APAC: Engine Stand Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.        Impact of COVID-19 Pandemic in APAC Country Markets

 

  1. AGSE LLC
  2. DAE Industries
  3. DEDIENNE AEROSPACE
  4. HYDRO SYSTEMS KG
  5. Mahle GmbH
  6. Vega Aviation Products Pvt. Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC 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 APAC 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 APAC 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

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