Europe Engine Stand Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type, and Application

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. 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. EngineStands24 is a subsidiary of Magnetic MRO who is a Total Technical Care provider for aircraft operators & lessors. The tracking feature enables operators to trace engine stands in real-time, especially when they are transported/stored. Moreover, the tracking feature in devices enables them to check the temperature of a place where the engine stand is stored. Tracking of engine during complete loan period is another benefit provided by the tracking device integrated engine stand. The EngineStand24’s tracking system is executed to complete stands pool, including Trent 700 engine stands for A330 and PW4000-94 engine stands for B767 & B747 aircraft. Therefore, the development of such systems and their integration into engine stand is expected to contribute toward the market growth during the forecast period. Additionally, surge in aircraft delivery orders is among the other factors expected to fuel the demand for engine stands in Europe.

Based on application, the aircraft segment led the Europe engine stand market in 2019. In the aircraft industry, engine stands are utilized in repair and maintenance of heavy engines. The complexity in handling heavy weight engines integrated in aircraft is triggering the adoption of engine stands, which assist engineers in repair and maintenance work. Aircraft engines play a vital role and thus are periodically repaired. DAE Industries is one of the companies catering to the aircraft industry; it offers engine transport stands, pedestal stands, and store stands for the applications in this industry. Most transport stands are compatible with bootstrap; they have heavy duty locking casters and tow bars; and they are built considering the OEM standards.

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, and the UK have seen a comparatively modest decrease in their growth activities because of the strong healthcare system. To protect their citizens from the virus, the European governments have 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 to carry on with their financial activities during the coronavirus outbreak. Rise in 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. This, in turn, has 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.

The overall Europe engine stand market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Europe engine stand market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the Europe engine stand market. AGSE LLC, DAE Industries, DEDIENNE AEROSPACE, Frank Brown & Son Ltd, HYDRO SYSTEMS KG, Mahle GmbH, and The Brixworth Engineering Co Ltd are among the key players operating in the Europe engine stand market.