Market Size of Middle-East and Africa Aircraft MRO Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
MEA Aircraft MRO Market Analysis
The Middle-East and Africa Aircraft MRO Market is projected to grow with a CAGR of over 4% during the forecast period (2022 - 2027).
The COVID-19 pandemic has significantly impacted the revenue streams of the major full-service carriers in the region, as they rely immensely on international travel. While domestic travel has witnessed a significant rebound worldwide, the domestic market is significantly smaller in Middle-East compared to other regions of the world. On the other hand, several African airlines have filed for bankruptcy and are seeking government aid to recover. Several airlines in the region have opted for early retirement of the aircraft to reduce operational and maintenance expenses, in the first year of the pandemic.
On the other hand, in the military sector, regional economic powers, such as Saudi Arabia, Israel, Turkey, Iran, and Egypt, are spending significant amounts on the procurement of new aircraft. Several countries, especially in the African region, are also focusing on the procurement of refurbished aircraft and the upgrading of the existing military aircraft fleet. This factor is significantly driving the growth of the military aircraft MRO market in the region.
