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2021
Engine Stand Market

Engine Stand Market by Product Type (Gasoline Engine Stand, and Diesel Engine Stand), Application (Automotive, Aircraft, and Others), and Rotatable (Fixed, and Mobile): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13462
Pages: NA
Dec 2021 | 186 Views
   
Author(s) : Sonia Mutreja
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Engine Stand Market Outlook 2030 -

An engine stand is a tool commonly used to repair large heavy gasoline or diesel engines. The engine is held in midair by a heavy cantilevered support structure allowing the mechanic access to any exposed surface of the engine. While small single-piston engines can often be laid on a table for repair, a large engine is usually supported by its engine mounts or the flywheel transmission case mounts, and fragile components such as oil pans and valve covers would be crushed if the large engine was placed on a flat surface. Engine stands are typically mounted on large casters so that an engine can be moved around the shop to different test and repair stations, and the engine can often be rotated in midair to provide easier access to underside surfaces of the engine. The engine stand is frequently used along with the engine crane to remove or install an engine in a vehicle, to break- in that engine, and perform repairs.

Market Scope and Structure Analysis:

Report Metric

Details

 Market size available for years

 2020–2030

 Base year considered

 2020

 Forecast period

 2021–2030

 Forecast units

 Value (USD)

 Segments covered

 Type, Application, Rotatable, and Region

 Regions covered

 North America, Europe, Asia-Pacific, LAMEA

 Companies covered

Rhinestahl, Hutchinson, Shinn Fu Company of America (SFA), Frank&Brown, Performance Tool and Equipment, AGSE, Dover Corporation, Magnetic MRO, and Pratt&Whitney.


COVID-19 Impact Analysis

North America has the highest rate of acceptance and development of emerging technologies due to favorable government policies that encourage innovation and reinforce infrastructure capabilities. Any impact on industries is therefore projected to have a negative impact on the economic development of the region. Currently, due to the COVID-19 outbreak, the U.S. is the worst-affected country across the globe, causing a complete shutdown of all the industries in the region. With the COVID-19 pandemic spreading across the U.S. It is becoming clear that only a few will be immune, presenting significant challenges to all industries. This has temporarily halted all the manufacturing plants across all industries as well as has a negative impact on the supply chain and logistics industry of the country.  In addition, the closure of all transportation routes such as roads and airports has reduced the demand for engine stands from the major end-use industries such as automotive and aircraft. Furthermore, the supply chain of major components of engine stands was disrupted, affecting the manufacturing of the same, because of nationwide lockdown in major economies such as the U.S. and Canada.

Top Impacting Factors

  • Growth in aircraft deliveries, rise in the number of engines assembly plants, and technological development drive the market growth.
  • Unavailability & unawareness about engine stand in many countries is expected to hamper the market growth.
  • Rise of maintenance, repair & overhaul centers, and tracking systems for engine stands to track real-time information, is seen as a market investments   opportunity.

The Engine Stand Market Trends Are as Follows:

Investments in Sophisticated Agriculture Technologies

The exponential growth of the aviation sector has complemented the establishment of maintenance, repair and operations (MRO) facilities across the globe over the years. The scope of MRO facilities is expected to expand in various parts of the globe, particularly in Asia. The outlook for the civil aviation industry in Asian countries has evolved drastically as a result of increase in adoption of low-cost carriers (LCCs). The rise of the aviation sector is rapidly accelerating the growth of the aircraft maintenance business particularly in Asia-Pacific. China and India are emerging as economic powerhouses in terms of fleet acquisition. AirAsia (Malaysia) and Lion Air (Indonesia), among others, have placed large aircraft orders in the recent years.  The need for adequate MRO capabilities is on an increase with the growth of the fleet acquisition. Such developments in the Asia-Pacific MRO market are expected to benefit engine stand manufacturers in the coming years.

Tracking System for Engine Stands to Track Real-Time Information

Adoption of advanced systems, such as tracking devices in various aerospace industry equipment is emerging as a significant trend in the engine stand market. EngineStands24, one of the engines stands companies, has recently improved its engine stands by incorporating new tracking devices in their existing stand offerings. EngineStands24, a subsidiary of Magnetic MRO, which provides a Total Technical Care to aircraft operators & lessors- has updated its engine stands by incorporating new tracking devices. The tracking feature enables operators to track engine positions in real-time, especially when is the engine is being stored. Furthermore, the tracking feature in devices allows them to check the temperature of a location where the engine stand is kept. Another advantage of the tracking device integrated engine stand is the ability to track an engine throughout its loan period. Therefore, the development of such systems and their integration into engine stand is expected to contribute toward the market growth during the forecast period.

Key Segments Covered:

Segments

Sub-segments

 Type

  • Gasoline Engine Stand
  • Diesel Engine Stand

 Application

  • Automotive
  • Aircraft
  • Others

 Rotatable

  • Fixed
  • Mobile

 Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa


Key Benefits of the Report:

  • This study provides an analytical depiction of the engine stand market, as well as   current trends and future estimations to identify potential investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of the engine stand market.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the engine stand market.
  • The report provides a detailed engine stand market analysis based on competitive intensity and the competition that will take shape in coming years.

Questions Answered in the Engine Stand Market Research Report:

  • Who are the leading market players active in the engine stand market?
  • What would be the detailed impact of the COVID-19 on the market?
  • What are the current trends that would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the engine stand market?
  • What are the future projections that would help in taking further strategic steps?
 
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