Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), By Parts Type (MRO Parts, Rotable Replacement Parts), By Component Type (Engine, Airframe, Interior, Cockpit Systems, Others), By Aircraft Type (Narrow-body, Wide-body, Regional Aircraft) And Competitive Landscape
Product Code: ETC401893 | Publication Date: Oct 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 |
Middle East Aircraft Aftermarket Parts Market is expected to experience decent growth in the forecasted period. Primarily driven by the growing demand for aircraft parts in the region. The Middle East is one of the fastest-growing aviation markets in the world, with a large number of airlines operating in the region. This has led to an increased demand for aircraft parts and components in the region.
According to 6Wresearch, the Middle East Aircraft Aftermarket Parts Market size is expected to grow during 2022-2028. The market is also driven by the growing number of MRO facilities in the region. The Middle East is home to some of the world's largest MRO providers, such as Saudia Aerospace Engineering Industries and Bahrain Aircraft Maintenance Engineering Company. These companies have been investing heavily in setting up new MRO facilities in the region, which is expected to drive growth in the aircraft aftermarket parts market.
The market is further driven by favourable government policies in the region. The governments of countries in the Middle East are investing heavily in the development of their aviation sector. This is expected to create a favourable environment for growth in the aircraft aftermarket parts market. However, the high cost of spare parts and the lack of skilled labour are some of the major challenges faced by the players operating in this market.
The Middle East is one of the most promising regions for the growth of the aircraft aftermarket parts market. The region is home to some of the world's largest airlines, including Emirates, Qatar Airways, and Saudi Arabian Airlines.
The growing demand for air travel in the region is one of the major drivers of the aircraft aftermarket parts market. According to the International Air Transport Association (IATA), the number of passengers traveling to, from, and within the Middle East is expected to reach 749 million by 2037. The region's airlines are also investing heavily in new aircraft. Emirates, for instance, has placed orders for over 150 new aircraft from Boeing and Airbus. This is expected to create a significant demand for aftermarket parts and services in the coming years.
Another driver of the market is the growing trend of outsourcing by airlines. Airlines in the Middle East are outsourcing an increasing number of their operations, including maintenance and repair services. This is providing a boost to the regional aircraft aftermarket parts market.
COVID-19 has been hard on the global aircraft industry due to the strict lockdown. There was no traveling anywhere which halted the industry. There was no place to park the aircraft at one point in time. But the post-pandemic has resumed the industry to a great extent.
Based on Aircraft Type, the segment Narrow-body has the largest share in the Middle East Aircraft Aftermarket Parts Market Share due to its cost efficiency per mile compared to the Wide-Range Aircraft type.
There are many key players in the Middle East aircraft aftermarket parts market, Some of the leading companies in this market include
These companies have a strong presence in the region and are well-positioned to capitalize on the growing demand for aircraft aftermarket parts in the Middle East.
AAR Corp is a leading provider of aviation services and products. The company has a strong presence in the Middle East and offers a wide range of aircraft aftermarket parts and services.
Alcoa Corporation is a leading global provider of aluminium products and solutions. The company has a significant presence in the Middle East and offers a wide range of aircraft aftermarket parts and solutions.
Honeywell International Inc. is a leading global provider of technology and engineering solutions. The company has a strong presence in the Middle East and offers a wide range of aircraft aftermarket parts and services.
United Technologies Corporation is a leading global provider of technology products and services. The company has a strong presence in the Middle East and offers a wide range of aircraft aftermarket parts and services.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Middle East Aircraft Aftermarket Parts Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Aircraft Aftermarket Parts Market Revenues & Volume, 2021 & 2028F |
3.3 Middle East Aircraft Aftermarket Parts Market - Industry Life Cycle |
3.4 Middle East Aircraft Aftermarket Parts Market - Porter's Five Forces |
3.5 Middle East Aircraft Aftermarket Parts Market Revenues & Volume Share, By Countries, 2021 & 2028F |
3.6 Middle East Aircraft Aftermarket Parts Market Revenues & Volume Share, By Parts Type, 2021 & 2028F |
3.7 Middle East Aircraft Aftermarket Parts Market Revenues & Volume Share, By Component Type, 2021 & 2028F |
3.8 Middle East Aircraft Aftermarket Parts Market Revenues & Volume Share, By Aircraft Type, 2021 & 2028F |
4 Middle East Aircraft Aftermarket Parts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Aircraft Aftermarket Parts Market Trends |
6 Saudi Arabia Aircraft Aftermarket Parts Market, 2018 - 2028 |
6.1.1 Saudi Arabia Aircraft Aftermarket Parts Market, Revenues & Volume, By Parts Type, 2018 - 2028 |
6.1.2 Saudi Arabia Aircraft Aftermarket Parts Market, Revenues & Volume, By Component Type, 2018 - 2028 |
6.1.3 Saudi Arabia Aircraft Aftermarket Parts Market, Revenues & Volume, By Aircraft Type, 2018 - 2028 |
7 UAE Aircraft Aftermarket Parts Market, 2018 - 2028 |
7.1 UAE Aircraft Aftermarket Parts Market, Revenues & Volume, By Parts Type, 2018 - 2028 |
7.2 UAE Aircraft Aftermarket Parts Market, Revenues & Volume, By Component Type, 2018 - 2028 |
7.3 UAE Aircraft Aftermarket Parts Market, Revenues & Volume, By Aircraft Type, 2018 - 2028 |
8 Qatar Aircraft Aftermarket Parts Market, 2018 - 2028 |
8.1 Qatar Aircraft Aftermarket Parts Market, Revenues & Volume, By Parts Type, 2018 - 2028 |
8.2 Qatar Aircraft Aftermarket Parts Market, Revenues & Volume, By Component Type, 2018 - 2028 |
8.3 Qatar Aircraft Aftermarket Parts Market, Revenues & Volume, By Aircraft Type, 2018 - 2028 |
9 Kuwait Aircraft Aftermarket Parts Market, 2018 - 2028 |
9.1 Kuwait Aircraft Aftermarket Parts Market, Revenues & Volume, By Parts Type, 2018 - 2028 |
9.2 Kuwait Aircraft Aftermarket Parts Market, Revenues & Volume, By Component Type, 2018 - 2028 |
9.3 Kuwait Aircraft Aftermarket Parts Market, Revenues & Volume, By Aircraft Type, 2018 - 2028 |
10 Oman Aircraft Aftermarket Parts Market, 2018 - 2028 |
10.1 Oman Aircraft Aftermarket Parts Market, Revenues & Volume, By Parts Type, 2018 - 2028 |
10.2 Oman Aircraft Aftermarket Parts Market, Revenues & Volume, By Component Type, 2018 - 2028 |
10.3 Oman Aircraft Aftermarket Parts Market, Revenues & Volume, By Aircraft Type, 2018 - 2028 |
11 Bahrain Aircraft Aftermarket Parts Market, 2018 - 2028 |
11.1 Bahrain Aircraft Aftermarket Parts Market, Revenues & Volume, By Parts Type, 2018 - 2028 |
11.2 Bahrain Aircraft Aftermarket Parts Market, Revenues & Volume, By Component Type, 2018 - 2028 |
11.3 Bahrain Aircraft Aftermarket Parts Market, Revenues & Volume, By Aircraft Type, 2018 - 2028 |
12 Turkey Aircraft Aftermarket Parts Market, 2018 - 2028 |
12.1 Turkey Aircraft Aftermarket Parts Market, Revenues & Volume, By Parts Type, 2018 - 2028 |
12.2 Turkey Aircraft Aftermarket Parts Market, Revenues & Volume, By Component Type, 2018 - 2028 |
12.3 Turkey Aircraft Aftermarket Parts Market, Revenues & Volume, By Aircraft Type, 2018 - 2028 |
13 Rest of Middle East Aircraft Aftermarket Parts Market, 2018 - 2028 |
13.1 Rest of Middle East Aircraft Aftermarket Parts Market, Revenues & Volume, By Parts Type, 2018 - 2028 |
13.2 Rest of Middle East Aircraft Aftermarket Parts Market, Revenues & Volume, By Component Type, 2018 - 2028 |
13.3 Rest of Middle East Aircraft Aftermarket Parts Market, Revenues & Volume, By Aircraft Type, 2018 - 2028 |
14 Middle East Aircraft Aftermarket Parts Market Key Performance Indicators |
15 Middle East Aircraft Aftermarket Parts Market - Opportunity Assessment |
15.1 Middle East Aircraft Aftermarket Parts Market Opportunity Assessment, By Countries, 2021 & 2028F |
15.2 Middle East Aircraft Aftermarket Parts Market Opportunity Assessment, By Parts Type, 2021 & 2028F |
15.3 Middle East Aircraft Aftermarket Parts Market Opportunity Assessment, By Component Type, 2021 & 2028F |
15.4 Middle East Aircraft Aftermarket Parts Market Opportunity Assessment, By Aircraft Type, 2021 & 2028F |
16 Middle East Aircraft Aftermarket Parts Market - Competitive Landscape |
16.1 Middle East Aircraft Aftermarket Parts Market Revenue Share, By Companies, 2021 |
16.2 Middle East Aircraft Aftermarket Parts Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |