Report : Middle East & Africa Aircraft MRO Market Forecast to 2030 - Regional Analysis - by Components (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, and Others), Aircraft Type (Fixed Wing Aircraft and Rotary Wing Aircraft), and End Users (Commercial and Military)
At 3.5% CAGR, Middle East & Africa Aircraft MRO Market is Projected to be worth US$ 16,543.79 million by 2030, says Business Market Insights
According to Business Market Insights’ research, the Middle East & Africa aircraft MRO market was valued at US$ 12,521.62 million in 2022 and is projected to reach US$ 16,543.79 million by 2030, registering a CAGR of 3.5% from 2022 to 2030. Increasing air travel and blockchain technology changing MRO landscape are among the critical factors attributed to drive the Middle East & Africa aircraft MRO market growth.
Airlines are maximizing the utilization of their aircraft to meet the growing passenger demand. This means that aircraft spend more time in the air and require more frequent maintenance checks to ensure their airworthiness. As more people choose air travel, airlines are operating more flights with shorter turnaround times between departures. This increased flight frequency places greater demands on aircraft maintenance to ensure safe and reliable operations. According to the Airports Council International (ACI) World's Industry Outlook for 2023-2024, as global passenger traffic recovers, 2024 is predicted to represent a turning point, with 9.4 billion passengers traveling worldwide, up from 9.2 billion in 2019 (102.5% of 2019 levels). In 2022, the market with the fastest rate of recovery was the Middle East region. The region is expected to keep improving in 2023, reaching 394 million passengers, or 96.8% of the level in 2019. Further, 429 million passengers, or 105.4% of the 2019 level, are expected in 2024. The Africa area is anticipated to exhibit a consistent upward trend in the next years, with 221 million passengers—or 96.3% of the 2019 level—occurring in 2023. By the end of 2024, the region is expected to have 253 million passengers, or 110.6% of the level in 2019.
It is anticipated that developing markets like Egypt, Morocco, and Tunisia will propel this consistent expansion. As air travel continues to rise, MRO providers play a crucial role in meeting the maintenance demands of airlines, contributing to the growth of the Aircraft MRO market.
On the contrary, OEMs entering aftermarket hampers the growth of Middle East & Africa aircraft MRO market.
Based on components, the Middle East & Africa aircraft MRO market is segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. The engine MRO segment held 54.6% market share in 2022, amassing US$ 6,836.89 million. It is projected to garner US$ 9,538.03 million by 2030 to register 4.2% CAGR during 2022–2030.
In terms of aircraft type, the Middle East & Africa aircraft MRO market is bifurcated into fixed wing aircraft and rotary wing aircraft. The fixed wing aircraft segment held 73.1% share of Middle East & Africa aircraft MRO market in 2022, amassing US$ 9,151.78 million. It is anticipated to garner US$ 11,841.21 million by 2030 to expand at 3.3% CAGR during 2022–2030.
By end users, the Middle East & Africa aircraft MRO market is divided into commercial and military. The commercial segment held 76.2% share of Middle East & Africa aircraft MRO market in 2022, amassing US$ 9,535.34 million. It is projected to garner US$ 12,288.13 million by 2030 to expand at 3.2% CAGR from 2022 to 2030.
Based on country, the Middle East & Africa aircraft MRO market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 41.1% share of Middle East & Africa aircraft MRO market in 2022. It was assessed at US$ 5,148.47 million in 2022 and is likely to hit US$ 6,780.20 million by 2030, registering a CAGR of 3.5% during 2022–2030.
Key players operating in the Middle East & Africa aircraft MRO market are AAR, Collins Aerospace, Delta TechOps, GE Aviation, Lufthansa Technik, Rolls-Royce plc, Singapore Technologies Engineering Ltd, and Turkish Technic Inc, among others.
- In July 2023, Turkish Technic, one of the world’s leading maintenance, repair and overhaul (MRO) providers, signed another base maintenance agreement with Emirates, the largest Boeing 777 fleet operator in the world. This agreement will serve as an extension to the initial base maintenance annex signed in April 2023, which covered five Emirates Boeing 777s.
- In April 2023, Safran Nacelles and Lufthansa Technik signed a license agreement for the Maintenance, Repair and Overhaul (MRO) of Airbus A320neo’s LEAP-1A nacelles. Over 2,500 nacelles produced by Safran Nacelles are currently in service on Airbus A320neo aircraft that are powered by CFM International’s LEAP-1A engines.
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