The engine stand market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. In terms of market share, the North America region dominated the engine stand market in 2019. The American Society of Mechanical Engineers has developed specifications, including engine stands, for automotive lifting equipment. These specifications shall be directed at the owners or operators of the following portable automotive service equipment: fittings, adapters and attachments, automotive hand jacks, vehicle mechanical jacks, automotive stands, vehicle ramps, mobile vehicle lifts and jacks, vehicle lifts, mobile vehicle dolls and part dolls; they shall be guided by the specification of these staff.
Impact of COVID-19 Pandemic on Engine stand Market
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 US that a few can escape its scope, presenting significant challenges to all industries. This had temporarily closed down 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. Also, owing to nationwide lockdown across major economies such as the US and Canada, the supply chain of major components of engine stands was adversely affected, thereby impacted the manufacturing of the same.
Some of the key players in this market include Mahle GmbH, AGSE LLC, DAE Industries, DEDIENNE AEROSPACE, Frank Brown & Son Ltd, The Brixworth Engineering Co Ltd, HYDRO SYSTEMS KG, NextGen Aerosupport, Vega Aviation Products Pvt. Ltd, Rhinestah
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This is a professional and in-depth study on the current state of the Engine Stand Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Engine Stand Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.
The segmentation in this research study has been finalized post in-depth secondary research and extensive primary research. In addition, the market is also segmented on the basis of technology offered by the leading participants in the industry in order to understand widely used market specific terminologies. Thus, we have incorporated the segments of the research and have finalized the market segmentation.
The Insight Partners Engine Stand Market Research Report Scenario include:-
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The report also covers a detailed chapter of the analysis on COVID-19 impact on this market at global and regional level in our final reports.
This research provides detailed information regarding the major factors influencing the growth of the Engine Stand Market in Global and Regional Level (drivers, restraints, opportunities, and challenges), forecast of the market size, in terms of value, market share by region and segment; regional market positions; segment and country opportunities for growth; New product developments, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats from current competition and prospects; Key company profiles, SWOT, product portfolio and growth strategies.
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