Widebody Aircraft Segment is Expected to be Fastest Growing During Forecast Period for MEA Region

According to a new market research study on “MEA Aircraft Wheels MRO Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Wheel Type, Aircraft Type, and Technology” is expected to reach US$ 40.57 million by 2028 from US$ 31.59 million in 2021. The market is estimated to grow at a CAGR of 3.6% from 2021 to 2028. The report provides trends prevailing in the MEA aircraft wheels MRO market along with the drivers and restraints pertaining to the market growth. Increasing MRO activities in emerging economies and growing demand of passenger airline services are the major factor driving the growth of the MEA aircraft wheels MRO market. However, evolving specifications of aircraft wheels hinder the growth of MEA aircraft wheels MRO market.    

The demand for aircraft wheels MRO services weakened over the past couple of months in the MEA countries due to implementation of travel restrictions in response to curb the spread of COVID-19. Besides, the discontinuation of wide-body jets and narrow-body jets, which were prime customers of aftermarket products and services, has affected the market growth. However, there is some positivity in the regional market due to the presence of prominent airline operators such as the Emirates Group and the Etihad Airways. Furthermore, the development of new airports in the region is expected to provide growth opportunities to the market in the coming years. 

The MEA aircraft wheels MRO market is segmented based on wheel type, aircraft type, technology, and country. Based on wheel type, the market is segmented into nose wheel and main wheel. The main wheel segment dominated the MEA aircraft wheels MRO market in 2020 and same segment is expected to be fastest growing during forecast period. Based on aircraft type, the market is bifurcated into narrowbody aircraft, widebody aircraft, general aviation aircraft, military aircraft, and helicopter. The narrowbody aircraft segment dominated the MEA aircraft wheels MRO market in 2020 and widebody aircraft segment is expected to be fastest growing during forecast period. Based on technology, the market is segmented into inspection, non-destructive testing, machining, and others. The non-destructive testing segment dominated the MEA aircraft wheels MRO market in 2020 and same segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into the UAE, Saudi Arabia, South Africa, and rest of MEA. 

AAR CORP, AMETEK Inc., Lufthansa Technik, and Röder Präzision GmbH are among the leading companies in the MEA aircraft wheels MRO market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, AAR, a leading provider of aviation services to commercial and government operators, MROs and OEMs, has signed a multi-year agreement to perform airframe maintenance on United Airlines’ narrow-body aircraft fleet at its MRO facility in Rockford, IL.

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