Engine stand is a tool commonly used to repair large heavy gasoline or diesel engines. It uses a heavy cantilevered support structure to hold the engine in midair so that the mechanic has access to any exposed surface of the engine.
Global consumption of Engine stand is 36322 units in 2018 and is projected to reach 46894 units by 2024, at a CAGR of 4.35% during the forecast period.
Global engine stand market was valued at USD 245.21 Million in 2014 and is expected to grow at a CAGR of 4.13% between 2019 and 2024. The application in the automotive sector accounted for the dominant share in 2018. This market is expected to grow at a CAGR of more than 4% between 2019 and 2024. The growth is precedential due to the increasing use of global automobile consumption.
The market for aircraft is expected to grow at a high CAGR of more than 4.3% between 2019 and 2024. This is mainly due to the growing of global military expenditure and demand for commercial aircraft.
Engine stand segmentation by product types include: Gasoline Engine Stand and Diesel Engine Stand, Engine stand segmentation by applications include: Automotive and Aircraft
Key players in global Engine stand market include: Rhinestahl, Frank Brown, AGSE, Shinn Fu Company Of America, Tronair, Carolina GSE, Performance Tool And Equipment, Champion GSE