GCC Aircraft MRO Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers GCC Aircraft MRO Market Share & Revenue and it is segmented by MRO Type (Airframe, Engine, Component and Interior, and Line), and Countries (United Arab Emirates, Saudi Arabia, Qatar, Oman, Kuwait, and Bahrain). The market size and forecast are provided in terms of value (USD) for all the above segments.

GCC Aircraft MRO Market Size

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GCC Aircraft MRO Market Summary
Study Period 2019-2029
Base Year For Estimation 2023
Market Size (2024) USD 3.25 Billion
Market Size (2029) USD 6.35 Billion
CAGR (2024 - 2029) 14.46 %
Market Concentration Medium

Major Players

GCC Aircraft MRO Market Major Players

*Disclaimer: Major Players sorted in no particular order

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GCC Aircraft MRO Market Analysis

The GCC Aircraft MRO Market size is estimated at USD 3.25 billion in 2024, and is expected to reach USD 6.35 billion by 2029, growing at a CAGR of 14.46% during the forecast period (2024-2029).

Major regional economic powers, such as the UAE, Saudi Arabia, and Qatar, are spending significant amounts on procuring new aircraft. Several other countries in the GCC are also focusing on the procurement of refurbished aircraft and the upgradation of the existing military aircraft fleet. This factor is significantly driving the growth of the aircraft MRO market.

One of the challenges of setting up MROs in the GCC region is attracting skilled labor or training the labor and retaining them. Though this challenge exists worldwide, it has started to appear in the region in recent years as both the aircraft fleet and the number of MRO players have increased significantly over the last two decades. However, the increase in the demand from the fleet growth is expected to outpace the maintenance technician supply in the coming years.

The countries in the GCC region like the United Arab Emirates and Saudi Arabia, among others, are one of the major hubs for the aviation industry. Due to this, the governments are supporting foreign MRO providers to expand their regional presence through partnerships and joint ventures with local players. This is expected to support the growth of the aircraft MRO market in the GCC countries during the forecast period.

GCC Aircraft MRO Market Trends

The Engine Segment Anticipated to Generate Highest Growth During the Forecast Period

The aircraft engine MRO market in the region is expected to experience high demand, due to the rise of the commercial aviation sector. Commercial aviation in the region is driven by increasing air passenger traffic, increasing procurement of new aircraft by airlines, and improved economic conditions in several countries across the Middle East & Africa.

During 2021-2022, the air passenger traffic in the region surpassed the pandemic levels due to the rapid vaccination programs and the re-opening of borders. It is expected that in 2040 the air passenger traffic in the GCC is expected to double in the region to reach 550 million. Saudi Arabia, Qatar, and UAE are the major countries in the GCC. In 2022 Saudi Arabia, Qatar, and UAE's air passenger traffic volume accounted for 173 million and this was a growth 5% compared to 2021 respectively. 

To cater to this demand in air passenger traffic various countries in the GCC region are awarding huge aircraft contracts to major OEMs like Airbus, and Boeing. This factory is expected to drive the demand for the aircraft engine segment in the GCC region. For instance, as of March 2023, Qatar Airways has approximately 250 Airbus, and Boeing aircraft models on order worth USD 72 billion. Most of the aircraft on order are expected to be delivered during the forecast period.

Additionally, to leverage the geographical advantage, the governments of the Gulf countries are making significant investments toward the improvement and expansion of their airport infrastructure. For instance, in December 2023, Saudi Arabia’s Public Investment Fund (PIF) signed an agreement to invest in Saudia Technic, a subsidiary of Saudia Group to boost Saudi Arabia’s aviation capabilities. Saudia Technic specializes in aviation maintenance, repair, and overhaul (MRO) services, including line, base, components, and engines.

Furthermore, in the region, the limited presence of domestic travel and the presence of major global aviation hubs such as Dubai have aided the utilization of widebody aircraft in the Middle Eastern countries. Hence there is a larger demand for aircraft engine MRO for widebody aircraft. For instance, in December 2023, FlyDubai awarded a contract to Boeing to deliver 30 B787-9 aircraft. The airline plans to use these B787-9s to open new routes and to use the aircraft on the high-demand existing routes. Apart from these developments, the majority of the engine MRO in the region is handled by engine OEMs like Rolls Royce plc, General Electric Company, and Pratt & Whitney, among others. Such factors are expected to drive the demand for commercial aircraft engine MRO services in the region during the forecast period.

GCC Aircraft MRO Market: Air Passenger Traffic, in Million, Major Countries, 2018-2022

United Arab Emirates to Exhibit the Largest Market Share During the Forecast Period

The UAE is home to major airlines, such as Etihad Airways and Emirates, which are rapidly expanding and upgrading their fleet of passenger and cargo aircraft as part of fleet modernization, hence the demand for aircraft MRO market is driven by various aircraft that are being delivered to the airlines in the region. 

Additionally, these airlines are focusing on increasing their presence in the LCC sector through partnerships with other airlines. As a result, there is also a demand for narrowbody aircraft and its MRO in the region. For instance, in July 2020, Air Arabia Abu Dhabi a joint venture between Etihad Aviation Group and Air Arabia started its operations and became the first low-cost carrier based out of the UAE capital. The airline in November 2019 contracted Airbus to deliver 120 A320neo aircraft which are scheduled for delivery starting from 2025. In November 2023 the airline contracted CFM International for 240 CFM Leap-1A engines to power its 120 Airbus A320neo family aircraft, including the A321XLR. Such huge orders for aircraft and aircraft engines are expected to drive the growth of the MRO market in the GCC region. 

Although various airlines in the country possess significant MRO capabilities, they still depend on engine OEMs and third-party providers for engine maintenance, which has helped engine MRO providers increase their market in the country in recent years. For instance, in November 2023 Sanad launched its new LEAP Engine Maintenance, Repair and Overhaul (MRO) Center in Abu Dhabi. The OEM’s new facility can provide MRO for LEAP-1A and 1B engines. The facility is capable of servicing up to 200 engines annually. Search developments are expected to drive the demand for the aircraft MRO market in the country during the forecast period.

GCC Aircraft MRO Market: Commercial and General Aviation Aircraft Deliveries, in Units, United Arab Emirates, 2018-2022

GCC Aircraft MRO Industry Overview

The market of GCC aircraft MRO is semi-consolidated and is majorly dominated by local players who perform base maintenance and line maintenance ranging from simple A checks to complex D checks. Some of the major players in the GCC aircraft MRO market are Saudia Aerospace Engineering Industries (SAUDIA), Emirates Engineering (Emirates Group), Rolls Royce plc, RTX Corporation, and Etihad Airways Engineering L.L.C. 

With the growing support of the governments to establish maintenance hubs in the region, the local players are entering into partnerships with other local players and foreign players. Over the years, many global and regional MRO service providers, such as Lufthansa Technik AG (Lufthansa Group), AMAC Aerospace, and Joramco, have expanded their MRO service networks through partnerships and joint ventures. This factor has propelled the growth of the aircraft MRO market in the GCC region.

Hence, most expansion projects in the regions are partnerships of airlines or third-party providers with engine OEMs. Such strategies by the companies are anticipated to support them in increasing their share in the market during the forecast period.

GCC Aircraft MRO Market Leaders

  1. Emirates Engineering (Emirates Group)

  2. RTX Corporation

  3. Saudia Aerospace Engineering Industries (SAUDIA)

  4. Etihad Airways Engineering L.L.C.

  5. Rolls-Royce plc

*Disclaimer: Major Players sorted in no particular order

GCC Aircraft MRO Market Concentration
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GCC Aircraft MRO Market News

In November 2023, Emirates awarded a contract to GE Aerospace for 202 GE9X engines and spares to power its upcoming fleet of Boeing B777X family of aircraft. The order also includes a long-term services agreement.

In November 2023, GAL AMMROC signed a teaming agreement with Pannesma to provide a range of advanced aircraft maintenance, upgrade and overhaul services for both rotary and fixed-wing aircraft.

GCC Aircraft MRO Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Buyers/Consumers

      2. 4.4.2 Bargaining Power of Suppliers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 MRO Type

      1. 5.1.1 Airframe

      2. 5.1.2 Engine

      3. 5.1.3 Component and Interior

      4. 5.1.4 Line

    2. 5.2 Countries

      1. 5.2.1 United Arab Emirates

        1. 5.2.1.1 Line

        2. 5.2.1.2 Component and Interior

        3. 5.2.1.3 Engine

        4. 5.2.1.4 Airframe

      2. 5.2.2 Saudi Arabia

        1. 5.2.2.1 Line

        2. 5.2.2.2 Component and Interior

        3. 5.2.2.3 Engine

        4. 5.2.2.4 Airframe

      3. 5.2.3 Qatar

        1. 5.2.3.1 Line

        2. 5.2.3.2 Component and Interior

        3. 5.2.3.3 Engine

        4. 5.2.3.4 Airframe

      4. 5.2.4 Oman

        1. 5.2.4.1 Line

        2. 5.2.4.2 Component and Interior

        3. 5.2.4.3 Engine

        4. 5.2.4.4 Airframe

      5. 5.2.5 Kuwait

        1. 5.2.5.1 Line

        2. 5.2.5.2 Component and Interior

        3. 5.2.5.3 Engine

        4. 5.2.5.4 Airframe

      6. 5.2.6 Bahrain

        1. 5.2.6.1 Line

        2. 5.2.6.2 Component and Interior

        3. 5.2.6.3 Engine

        4. 5.2.6.4 Airframe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Safran SA

      2. 6.2.2 General Electric Company

      3. 6.2.3 Rolls-Royce plc

      4. 6.2.4 RTX Corporation

      5. 6.2.5 Lufthansa Technik AG

      6. 6.2.6 Jordan Aircraft Maintenance Limited (Dubai Aerospace Enterprise (DAE))

      7. 6.2.7 Etihad Airways Engineering L.L.C.

      8. 6.2.8 Saudia Aerospace Engineering Industries (SAUDIA)

      9. 6.2.9 Qatar Airways Group

      10. 6.2.10 ExecuJet MRO Services (Pty) Ltd (Dassault Aviation)

      11. 6.2.11 Emirates Engineering (Emirates Group)

      12. 6.2.12 Oman Air

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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GCC Aircraft MRO Industry Segmentation

Aircraft MRO includes tasks performed to ensure the continuing airworthiness of an aircraft and its parts. MRO service providers perform overhaul, inspection, replacement, defect rectification, and the embodiment of modifications in compliance with airworthiness directives and repair. The study includes the MRO of all commercial fixed-wing aircraft and general aviation aircraft in GCC.

The GCC aircraft MRO market is segmented by MRO type and geography. By MRO type, the market is segmented into airframe, engine, component and interior, and line. The report also offers the market size and forecasts for six countries across the region. For each segment, the market sizing and forecasts have been done based on value (USD).

MRO Type
Airframe
Engine
Component and Interior
Line
Countries
United Arab Emirates
Line
Component and Interior
Engine
Airframe
Saudi Arabia
Line
Component and Interior
Engine
Airframe
Qatar
Line
Component and Interior
Engine
Airframe
Oman
Line
Component and Interior
Engine
Airframe
Kuwait
Line
Component and Interior
Engine
Airframe
Bahrain
Line
Component and Interior
Engine
Airframe
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GCC Aircraft MRO Market Research FAQs

The GCC Aircraft MRO Market size is expected to reach USD 3.25 billion in 2024 and grow at a CAGR of 14.46% to reach USD 6.35 billion by 2029.

In 2024, the GCC Aircraft MRO Market size is expected to reach USD 3.25 billion.

Emirates Engineering (Emirates Group), RTX Corporation, Saudia Aerospace Engineering Industries (SAUDIA), Etihad Airways Engineering L.L.C. and Rolls-Royce plc are the major companies operating in the GCC Aircraft MRO Market.

In 2023, the GCC Aircraft MRO Market size was estimated at USD 2.78 billion. The report covers the GCC Aircraft MRO Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the GCC Aircraft MRO Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Aircraft MRO in GCC Industry Report

Statistics for the 2024 Aircraft MRO in GCC market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aircraft MRO in GCC analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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GCC Aircraft MRO Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)