Factors such as raising aircraft deliveries and orders across the globe are among the prominent factors that are encouraging the demand for more aircraft engines. Owing to the fact that the aerospace industry is among the prominent end users of engine stands, aircraft engine developers are engaged in procuring engine stands. In addition, increasing aircraft production and assembly plants in countries like the US are among the prominent factors contributing to the market growth. Moreover, the advent of a tracking system for engine stands to track real-time information about it is expected to create lucrative business opportunities for the developers. In addition, the rise in scope of maintenance, repair, and overhaul facilities is increasing across the globe, especially in the Southeast Asia market, including Thailand, Malaysia, Indonesia, and Singapore. Similarly, in other regions, the rise in the expansion of maintenance centers is also expected to drive market growth during the forecast period.
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Top Key Major Players:-
- MAHLE GmbH
- DAE Industries
- Dedienne Aerospace
- Hydro Systems KG
- NextGen Aerosupport
- Vega Aviation Products Pvt Ltd.
- EngineStands24
- Rhinestahl
- WOTCO Tools
- Unique Truck Equipment