Market Size of Middle East And Africa Aircraft Engine MRO Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 7.17 Billion |
| Market Size (2029) | USD 10.03 Billion |
| CAGR (2024 - 2029) | 6.96 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
MEA Aircraft Engine MRO Market Analysis
The Middle East And Africa Aircraft Engine MRO Market size is estimated at USD 7.17 billion in 2024, and is expected to reach USD 10.03 billion by 2029, growing at a CAGR of 6.96% during the forecast period (2024-2029).
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 and related engine MRO market in the Middle East and Africa.
Major 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 upgradation of the existing military aircraft fleet. This factor is significantly driving the growth of the aircraft engine MRO market in the region.
Countries such as Saudi Arabia, the United Arab Emirates, and Qatar are actively participating in programs such as the Carbon Reduction and Offsetting Scheme for International Aviation (CORSIA). Other countries are expected to join the aviation emission-curbing programs, which may boost the growth of the aircraft engine MRO market in the region.
MEA Aircraft Engine MRO Industry Segmentation
Engine maintenance, repair, and overhaul (MRO) involve the repair, service, or inspection of engines to ensure the safety and airworthiness of the aircraft by international standards.
The Middle-East and Africa Aircraft Engine MRO Market is Segmented by Application (Commercial Aviation, Military Aviation, and General Aviation) and Geography (Saudi Arabia, United Arab Emirates, Turkey, Egypt, Qatar, and Rest of the Middle East and Africa). The report offers the market size in value terms in USD for all the abovementioned segments.
| Application | |
| Commercial Aviation | |
| Military Aviation | |
| General Aviation |
| Geography | |
| Saudi Arabia | |
| United Arab Emirates | |
| Turkey | |
| Egypt | |
| Qatar | |
| Rest of Middle-East and Africa |
Middle East And Africa Aircraft Engine MRO Market Size Summary
The Middle East and Africa aircraft engine MRO market is poised for significant growth, driven by the expansion of commercial aviation and strategic investments in new and refurbished aircraft. Major economic players in the region, such as Saudi Arabia, Israel, Turkey, Iran, and Egypt, are heavily investing in aircraft procurement, which is bolstering the demand for engine maintenance, repair, and overhaul services. The region's commercial aviation sector is experiencing a surge in air passenger traffic and an increase in aircraft orders, particularly widebody aircraft, which further fuels the need for MRO services. The presence of global aviation hubs like Dubai enhances the utilization of these aircraft, while initiatives like the Carbon Reduction and Offsetting Scheme for International Aviation (CORSIA) are expected to stimulate market growth by promoting sustainable aviation practices.
The market landscape is characterized by a fragmented structure, with prominent players such as Safran, General Electric Company, Lufthansa Technik AG, and CFM International holding significant market shares. These companies, along with independent and airline overhaul shops, are pivotal in shaping the competitive dynamics of the market. The region's MRO market is witnessing increased activity from global service providers entering through contracts and joint ventures, which is expected to intensify competition. Additionally, the United Arab Emirates is enhancing its defense and general aviation capabilities, further driving demand for MRO services. The ongoing fleet modernization efforts by major airlines, coupled with strategic partnerships and collaborations, are set to transform the market landscape in the coming years.
Middle East And Africa Aircraft Engine MRO Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Commercial Aviation
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2.1.2 Military Aviation
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2.1.3 General Aviation
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2.2 Geography
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2.2.1 Saudi Arabia
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2.2.2 United Arab Emirates
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2.2.3 Turkey
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2.2.4 Egypt
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2.2.5 Qatar
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2.2.6 Rest of Middle-East and Africa
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Middle East And Africa Aircraft Engine MRO Market Size FAQs
How big is the Middle East And Africa Aircraft Engine MRO Market?
The Middle East And Africa Aircraft Engine MRO Market size is expected to reach USD 7.17 billion in 2024 and grow at a CAGR of 6.96% to reach USD 10.03 billion by 2029.
What is the current Middle East And Africa Aircraft Engine MRO Market size?
In 2024, the Middle East And Africa Aircraft Engine MRO Market size is expected to reach USD 7.17 billion.
