Report : Middle East and Africa Commercial Aircraft Tooling Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Tool Type (Speed Handle, Wrenches, Safety Wire Pliers, Vibration Meters, Metal Working Tools, NDT Tools, and Others), Users (MRO Service Providers and Airline Operator), and Application (Engine, Airframe, Landing Gear, Line Maintenance, and Others)
The MRO Service Providers Segment to Dominate Middle East and Africa Commercial Aircraft Maintenance Tooling Market during 2021-2028
According to a new market research study on “Middle East and Africa Commercial Aircraft Maintenance Tooling Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Tool Type, Users Application, and Country,” is expected to reach US$ 166.70 million by 2028 from US$ 130.77 million in 2021. The market is estimated to grow at a CAGR of 3.5% from 2021 to 2028. The report provides trends prevailing in the Middle East and Africa commercial aircraft maintenance tooling market along with the drivers and restraints pertaining to the market growth. Surge in the number of aircraft MRO hangars and rising demand for vibration meters are major factors driving the growth of the Middle East and Africa commercial aircraft maintenance tooling market. However, shortage in the availability of skilled laborers may hinder the growth of Middle East and Africa commercial aircraft maintenance tooling market.
The COVID-19 pandemic has had an adverse impact on the Middle East and Africa commercial aviation industry. The countries in the region imposed air travel bans to curb the spread of the virus, which impaired the entire aviation industry ecosystem. The region has a minimal number of maintenance tools suppliers for commercial aviation, and the Maintenance, Repair and Operations in the region rely heavily on the international suppliers. This is one of the key factors for the decline in revenues caused by the emergence of COVID-19. Further, the decision to retire or long-term storage of aircraft fleet by various MEA based airlines has resulted in revenue loss of MRO facilities. Nonetheless, as the airlines in the region are removing their fleet from storage facilities for renewed operations, it is anticipated that the number of aircraft movements will upsurge, which would subsequently propel the demand for maintenance tools among the MRO facilities.
The market for Middle East and Africa commercial aircraft maintenance tooling is segmented into tool type, users, application, and country. Based on tool type, the market is further segmented into speed handle, wrenches, safety wire pliers, vibration meters, metal working tools, NDT tools, and others. In 2020, the speed handle segment held the largest share in Middle East and Africa commercial aircraft maintenance tooling market. Based on users, the Middle East and Africa commercial aircraft maintenance tooling market is divided into MRO service providers and airline operator. The MRO service providers segment is expected to be the fastest growing segment over the forecast period. Based on application, the market is categorized into engine, airframe, landing gear, line maintenance, and others. In 2020, the airframe segment held the largest share in Middle East and Africa commercial aircraft maintenance tooling market. Based on country, the Middle East and Africa commercial aircraft maintenance tooling market is divided into Saudi Arabia, UAE, South Africa and rest of Middle East and Africa. In 2020, UAE held the largest share in Middle East and Africa commercial aircraft maintenance tooling market. Furthermore, in this present scenario of COVID 19 pandemic, the Middle East and Africa commercial aircraft maintenance tooling market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Middle East and Africa countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for commercial aircraft maintenance tooling.
HYDRO SYSTEMS KG; Red Box Aviation.; Stanley Black & Decker, Inc.; STAHLWILLE Eduard Wille GmbH & Co. KG; Field International Group Limited; Henchman Products; Dedienne Aerospace; Franke Aerotec GmbH; Tronair Inc. and Snap-On Incorporated are some of the leading companies in the Middle East and Africa commercial aircraft maintenance tooling market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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