Middle East & Africa Aircraft Wheels MRO Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Wheel Type (Nose Wheel and Main Wheel), Aircraft Type (Narrowbody Aircraft, Widebody Aircraft, General Aviation Aircraft, Military Aircraft, and Helicopter), and Technology (Inspection, Non-destructive Testing, Machining, and Others)

Code: TIPRE00026099 | Pages: 88 | Industry: Aerospace and Defense | Date: Nov 2021
Covid

Market Introduction

The aircraft wheels MRO market in the MEA is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The region is likely to exhibit moderate growth patterns in the coming years. However, the MEA records a higher air traffic capacity, resulting in a significant supply of capacity offered by almost all major operators in the region. The construction of new airports in major cities in Gulf countries is one of the primary forces driving the rise in the number of aircraft fleets in the MEA, which propels the demand for aircraft wheels MRO services. The countries such as the UAE, Saudi Arabia, and Turkey spend significantly higher amounts in the procurement of new defense aircraft or in the MRO activities of the existing aircraft fleet. According to the Federal Aviation Administration, the aviation industry in the Middle East is experiencing significant growth at an annual rate of 10%. Similarly, African countries are also experiencing growth in the aviation industry owing to the rising passenger count due to the liberalization of air service agreements. The IATA is expecting a surge of ~5.9% in annual passenger count over the next 20 years, implying more than 300 million additional passengers. Further, aircraft wheels MRO market players in the region are focusing on partnerships with other companies in the world. In November 2019, Magnetic MRO and First Premium for Support Services signed an agreement to set up an aircraft wheels MRO facility in Jeddah, Saudi Arabia. In February 2020, Honeywell International selected BNT International as its channel partner for providing African airlines with wheels maintenance services. The ongoing economic and political issues affect airline traffic in Africa; as a result, the local air traffic is growing at a slow pace, which limits the opportunities for the growth of the aircraft wheels MRO market players in the region. South African Airways Technical (SAAT) is one of the top MRO service providers in the MEA, which strongly focuses on building its third-party business.

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.


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Market Overview and Dynamics

The MEA aircraft wheels MRO market is expected to grow from US$ 31.59 million in 2021 to US$ 40.57 million by 2028; it is estimated to grow at a CAGR of 3.6% from 2021 to 2028. Partnerships, acquisitions, and strategic collaborations are leading to new trends in the aircraft wheels MRO services market. These strategies allow the market players to expand their reach and strengthen their presence across the region. In November 2020, Bombardier started building its aircraft maintenance, repair, and overhaul (MRO) facility to enlarge its footprint and create a new customer base for its aircraft wheels MRO services. Therefore, growing partnerships, acquisitions, and strategic collaborations is expected to escalate the MEA aircraft wheels MRO market.

Key Market Segments

In terms of wheel type, the main wheel segment accounted for the largest share of the MEA aircraft wheels MRO market in 2020. In terms of aircraft type, the narrowbody aircraft segment held a larger market share of the MEA aircraft wheels MRO market in 2020. Further, the non-destructive testing segment held a larger share of the MEA aircraft wheels MRO market based on technology in 2020.  

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the MEA aircraft wheels MRO market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AAR CORP, AMETEK Inc., Lufthansa Technik, and Röder Präzision GmbH.

Reasons to buy report

  • To understand the MEA aircraft wheels MRO market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA aircraft wheels MRO market
  • Efficiently plan M&A and partnership deals in MEA aircraft wheels MRO market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA aircraft wheels MRO market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region

MEA Aircraft Wheels MRO Market Segmentation

MEA Aircraft Wheels MRO Market - By Wheel Type

  • Nose Wheel
  • Main Wheel

MEA Aircraft Wheels MRO Market - By Aircraft Type

  • Narrowbody Aircraft
  • Widebody Aircraft   
  • General Aviation Aircraft
  • Military Aircraft
  • Helicopter

MEA Aircraft Wheels MRO Market - By Technology

  • Inspection
  • Non-destructive Testing
  • Machining
  • Others

MEA Aircraft Wheels MRO Market - By Country

  • Saudi Arabia      
  • UAE
  • South Africa 
  • Rest of MEA

MEA Aircraft Wheels MRO Market - Company Profiles 

  • AAR CORP
  • AMETEK Inc.
  • Lufthansa Technik
  • Röder Präzision GmbH

TABLE OF CONTENTS

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           MEA Aircraft Wheels MRO Market Landscape

4.1         Market Overview

4.2         Porter’s Five Forces Analysis

4.2.1        Bargaining Power of Buyers

4.2.2        Bargaining Power of Suppliers

4.2.3        Threat to New Entrants

4.2.4        Threat to Substitutes

4.2.5        Competitive Rivalry

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           MEA Aircraft Wheels MRO Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Growing Demand of Passenger Airline Services

5.1.2        Increasing MRO Activities in Emerging Economies

5.2         Market Restraints

5.2.1        Evolving Specifications of Aircraft Wheels

5.3         Market Opportunities

5.3.1        Strategic Tie-Ups for Defense Aircraft Wheels MRO Services

5.4         Future Trends

5.4.1        Partnerships, Acquisitions, and Strategic Collaborations

5.5         Impact Analysis of Drivers and Restraints

6.           Aircraft Wheels MRO Market – MEA Analysis

6.1         MEA Aircraft Wheels MRO Market Overview

6.2         MEA Aircraft Wheel MRO Market Revenue Forecast and Analysis

7.           MEA Aircraft Wheels MRO Market Analysis – By Wheel Type

7.1         Overview

7.2         MEA Aircraft Wheels MRO Market, By Wheel Type (2020 and 2028)

7.3         Nose Wheel

7.3.1        Overview

7.3.2        Nose Wheel: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Main Wheel

7.4.1        Overview

7.4.2        Main Wheel: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

8.           MEA Aircraft Wheels MRO Market Analysis – By Aircraft Type

8.1         Overview

8.2         MEA Aircraft Wheels MRO Market, by Aircraft Type (2020 and 2028)

8.3         Narrowbody Aircraft

8.3.1        Overview

8.3.2        Narrowbody Aircraft: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Widebody Aircraft

8.4.1        Overview

8.4.2        Widebody Aircraft: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

8.5         General Aviation Aircraft

8.5.1        Overview

8.5.2        General Aviation Aircraft: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

8.6         Military Aircraft

8.6.1        Overview

8.6.2        Military Aircraft: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

8.7         Helicopter

8.7.1        Overview

8.7.2        Helicopter: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

9.           MEA Aircraft Wheels MRO Market Analysis – By Technology

9.1         Overview

9.2         MEA Aircraft Wheels MRO Market, By Technology (2020 and 2028)

9.3         Inspection

9.3.1        Overview

9.3.2        Inspection: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

9.4         Non-destructive Testing

9.4.1        Overview

9.4.2        Non-destructive Testing: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

9.5         Machining

9.5.1        Overview

9.5.2        Machining: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

9.6         Others

9.6.1        Overview

9.6.2        Others: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

10.        MEA Aircraft Wheels MRO Market – Country Analysis

10.1      Overview

10.1.1     MEA: Aircraft Wheels MRO Market, by Key Country

10.1.1.1       South Africa: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       South Africa: Aircraft Wheels MRO Market, By Wheel Type

10.1.1.1.2       South Africa: Aircraft Wheels MRO Market, by Aircraft Type

10.1.1.1.3       South Africa: Aircraft Wheels MRO Market, by Technology

10.1.1.2       UAE: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1       UAE: Aircraft Wheels MRO Market, By Wheel Type

10.1.1.2.2       UAE: Aircraft Wheels MRO Market, by Aircraft Type

10.1.1.2.3       UAE: Aircraft Wheels MRO Market, by Technology

10.1.1.3       Saudi Arabia: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       Saudi Arabia: Aircraft Wheels MRO Market, By Wheel Type

10.1.1.3.2       Saudi Arabia: Aircraft Wheels MRO Market, by Aircraft Type

10.1.1.3.3       Saudi Arabia: Aircraft Wheels MRO Market, by Technology

10.1.1.4       Rest of MEA: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1       Rest of MEA: Aircraft Wheels MRO Market, By Wheel Type

10.1.1.4.2       Rest of MEA: Aircraft Wheels MRO Market, by Aircraft Type

10.1.1.4.3       Rest of MEA: Aircraft Wheels MRO Market, by Technology

11.        MEA Aircraft Wheels MRO Market - COVID-19 Impact Analysis

11.1      MEA: Impact Assessment of COVID-19 Pandemic

12.        Industry Landscape

12.1      Overview

12.2      Market Initiative

13.        Company Profiles

13.1      AAR CORP

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      AMETEK Inc.

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Lufthansa Technik

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Röder Präzision GmbH

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

14.        Appendix

14.1      About The Insight Partners

14.2      Word Index

LIST OF TABLES

Table 1.             MEA Aircraft Wheels MRO Market Revenue and Forecast to 2028 (US$ Million)

Table 2.             MEA: Aircraft Wheels MRO Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             South Africa: Aircraft Wheels MRO Market, By Wheel Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             South Africa: Aircraft Wheels MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 5.             South Africa: Aircraft Wheels MRO Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 6.             UAE: Aircraft Wheels MRO Market, By Wheel Type – Revenue and Forecast to 2028 (US$ Million)

Table 7.             UAE: Aircraft Wheels MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             UAE: Aircraft Wheels MRO Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Saudi Arabia: Aircraft Wheels MRO Market, By Wheel Type – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Saudi Arabia: Aircraft Wheels MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Saudi Arabia: Aircraft Wheels MRO Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Rest of MEA: Aircraft Wheels MRO Market, By Wheel Type – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Rest of MEA: Aircraft Wheels MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Rest of MEA: Aircraft Wheels MRO Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 15.          List of Abbreviation

LIST OF FIGURES

Figure 1.           MEA Aircraft Wheels MRO Market Segmentation

Figure 2.           MEA Aircraft Wheels MRO Market Segmentation – By Country

Figure 3.           MEA Aircraft Wheels MRO Market Overview

Figure 4.           MEA Aircraft Wheels MRO Market, By Wheel Type

Figure 5.           MEA Aircraft Wheels MRO Market, By Aircraft Type

Figure 6.           MEA Aircraft Wheels MRO Market, By Technology

Figure 7.           MEA Aircraft Wheels MRO Market, By Country

Figure 8.           Porter’s Five Forces Analysis

Figure 9.           MEA Aircraft wheel MRO Market- Ecosystem Analysis

Figure 10.        MEA Aircraft wheel MRO Market Impact Analysis of Drivers and Restraints

Figure 11.        MEA Aircraft Wheels MRO Market Revenue Forecast and Analysis (US$ Million)

Figure 12.        MEA Aircraft Wheels MRO Market Revenue Share, by Wheel Type (2020 and 2028)

Figure 13.        MEA Nose Wheel: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        MEA Main Wheel: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        MEA Aircraft Wheels MRO Market Revenue Share, by Aircraft Type (2020 and 2028)

Figure 16.        MEA Narrowbody Aircraft: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        MEA Widebody Aircraft: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        MEA General Aviation Aircraft: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        MEA Military Aircraft: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        MEA Helicopter: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        MEA Aircraft Wheels MRO Market Revenue Share, by Technology (2020 and 2028)

Figure 22.        MEA Inspection: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        MEA Non-destructive Testing: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        MEA Machining: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        MEA Others: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        MEA: Aircraft Wheels MRO Market Revenue Overview, by Country (2020) (US$ Mn)

Figure 27.        MEA: Aircraft Wheels MRO Market Revenue Share, by Key Country (2020 and 2028)

Figure 28.        South Africa: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        UAE: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Saudi Arabia: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Rest of MEA: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32.        Impact of COVID-19 Pandemic in MEA Country Markets

  1. AAR CORP
  2. AMETEK Inc.
  3. Lufthansa Technik
  4. Röder Präzision GmbH
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA aircraft wheels MRO market.  
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the MEA aircraft wheels MRO market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the aircraft wheels MRO market, as well as those hindering it 
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution  
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