Europe Engine Stand Market

Market Introduction

The market in Europe is far more fragmented than that in North America. According to European Automobile Manufacturers Association (ACEA), though most of the cars registered across the region are petrol driven, diesel-driven car registration has risen over the years. In 2018, diesel car registrations accounted for 35.9% of the total car registrations across Europe. The rise in use of alternative fuel such as diesel and gasoline for vehicles is boosting the adoption of diesel and gasoline engines across the region. This rise in adoption of diesel is also driving the adoption of diesel engine stands across all workshops and repairs centers for enabling ease and convenience of the maintenance and handling of heavy diesel engines, when taken out of the vehicle. Europe is a home to both engines stand manufacturers and distributors, and it also has companies offering engine stands on lease. For instance, EngineStands.com offers aircraft engine stands to MROs, airlines, repair shops, and leasing companies freight forwarders amongst others in the world; it offers the machines to the clients according to their preferred period. Further, SNA Europe group is among the engine strand manufactures operating in Europe; it offers geared engine stands for enabling easy transportation of heavy engines. Also, surge in aircraft delivery orders is a major factor driving the Europe engine stand market.  

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 in order 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.

Market Overview and Dynamics

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.  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. 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.

Key Market Segments

The Europe 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 Europe 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; Frank Brown & Son Ltd; HYDRO SYSTEMS KG; Mahle GmbH; and The Brixworth Engineering Co Ltd.  

Reasons to buy report

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

Europe Engine Stand Market Segmentation

Europe Engine Stand Market - By Airport 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 - Company Profiles

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

Europe Engine Stand Market Strategic Insights

Europe Engine Stand Market Segmentation Analysis

Europe Engine Stand Market Report Highlights

Europe Engine Stand Report Scope

Europe Engine Stand Market Country and Regional Insights