Aerospace MRO in Middle East & Africa

Aerospace MRO in Middle East & Africa

Summary

Aerospace MRO in Middle East & Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• Aerospace MRO refers to the maintenance, repair, and overhaul of an aircraft or its parts. It includes all the actions that have the objective of retaining or restoring the items or components of an aircraft.
• The Middle East & African aerospace MRO market had total revenues of $8,814.4 million in 2023, representing a negative compound annual growth rate (CAGR) of 2.5% between 2018 and 2023.
• The civil aerospace segment accounted for the market's largest proportion in 2023, with total revenues of $7,907.4 million, equivalent to 89.7% of the market's overall value.
• The Middle East & African aerospace MRO market experiences robust growth driven by several interconnected factors, such as increasing defense spending, aging aircraft fleets, and stringent regulatory requirements. The upswing in defense spending enhances the need for MRO in military aviation assets, highlighting the market's resilience. For instance, according to GlobalData, Middle East government spending in the defense sector stood at $167.8 billion in 2023, an increase of 6.9% from the previous year.

• Save time carrying out entry-level research by identifying the size, growth, and leading players in the aerospace mro market in Middle East & Africa
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the aerospace mro market in Middle East & Africa
• Leading company profiles reveal details of key aerospace mro market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Middle East & Africa aerospace mro market with five year forecasts by both value and volume

• What was the size of the Middle East & Africa aerospace mro market by value in 2023?
• What will be the size of the Middle East & Africa aerospace mro market in 2028?
• What factors are affecting the strength of competition in the Middle East & Africa aerospace mro market?
• How has the market performed over the last five years?
• How large is Middle East & Africa’s aerospace mro market in relation to its regional counterparts?