The Middle East & Africa fixed-base operator market is expected to grow from US$ 2,829.21 million in 2022 to US$ 3,616.85 million by 2028. It is estimated to grow at a CAGR of 4.2% from 2022 to 2028.
Escalating Demand for Hangaring Services for Large Aircraft will be Driving the Middle East & Africa Fixed-Base Operator Market
The rising demand for business and private jets, including both small and large aircraft, is one of the significant factors driving the business growth of hangaring service providers. The steady rise in general aviation air traffic has created a need for new general aviation aircraft fleet with higher seating capacity. The general aviation aircraft OEMs are also focusing on the development of new-generation aircraft with reduced fuel consumption, large size, and low noise and carbon emissions. As a result, the demand for hangars has increased in recent years. The design of aircraft hangars has also undergone significant changes to suit the changing aircraft sizes and technologies, with modern aircraft hangars being fitted with temperature control and security devices. Thus, the trend of constructing large hangars to cater to the growing number of large general aviation aircraft fleet is a key trend that would support the growth of the Middle East & Africa fixed-base operator market in the near future.
Middle East & Africa Fixed-Base Operator Market Overview
The fixed-based operator market in the Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. Airports in the region are undergoing modernization, decongestion, and expansion activities, alongside offering remarkable set of facilities for passengers. Continuous growth in the number of individuals with high net-worth is driving passengers' preference toward private aircraft, which is a major factor contributing to the Middle East & Africa fixed-base operator market growth in the Middle East & Africa. Furthermore, the rising travel and tourism sector in the region is bolstering the growth of the general aviation industry by attracting more passengers. However, fluctuations in oil prices may pose a threat to this industry, as most of the Middle Eastern countries are oil-based economies. Furthermore, the high demand for long-range business jets and large-cabin jets, which confer luxury and high comfort, is supporting the growth of fixed-base operator market in the Middle East & Africa. A few of the fixed-base operators present in the region are Dubai National Air Travel Agency, Jet Aviation (a subsidiary of General Dynamics Corporation), Jetex, and Luxaviation among others. However, the COVID-19 pandemic has had a severe impact on the transportation sector in the region, mainly due to the travel ban and lockdown imposed by governments. These conditions hindered the business of fixed-base operators in the first three quarters of 2020. Nonetheless, the stepwise reopening of border, followed by the imposition of certain social distancing measures, further boosted the demand for private jets for both businesses and leisure travel. Moreover, several international FBO companies have been focusing on establishing their regional presence across the Middle East & Africa fixed base operator market which is further catalyzing the FBO market growth across the region. For instance, in August 2022, ExecuJet which is a part of Luxaviation Group, opened a new Fixed Based Operator (FBO) facility at Dubai Al Maktoum International Airport that aims to deliver an unrivalled, truly private guest experience in the largest stand-alone facility in Dubai. Such development has been supporting the fixed base operator market growth across the region.
Middle East & Africa Fixed-base operator market Segmentation
The Middle East & Africa Fixed-base operator market is segmented into services offered, application, and country.
Based on services offered, the Middle East & Africa Fixed-base operator market is segmented into hangaring, fueling, flight training, aircraft maintenance, aircraft rental. In 2022, the fueling segment registered a largest share in the Middle East & Africa fixed-base operator market.
Based on application, the Middle East & Africa Fixed-base operator market is bifurcated into Business aviation and leisure aviation. In 2022, the Business aviation segment registered a larger share in the Middle East & Africa fixed-base operator market.
Based on country, the Middle East & Africa fixed-base operator market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. In 2022, the UAE segment registered a largest share in the Middle East & Africa fixed-base operator market.
dnata Corporation; ExecuJet Aviation Group AG; General Dynamics Corporation; Jetex; Luxaviation; Signature Aviation; Swissport: and Universal Weather and Aviation, Inc., are the leading companies operating in the Middle East & Africa fixed-base operator market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 2,829.21 Million |
| Market Size by 2028 | US$ 3,616.85 Million |
| CAGR (2022 - 2028) | 4.2% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Services Offered
|
|
Regions and Countries Covered
|
|
| Middle East and Africa | South Africa, Saudi Arabia, UAE, Rest of Middle East and Africa |
| Market leaders and key company profiles |
|
The Middle East and Africa Fixed-Base Operator Market is valued at US$ 2,829.21 Million in 2022, it is projected to reach US$ 3,616.85 Million by 2028.
As per our report Middle East and Africa Fixed-Base Operator Market, the market size is valued at US$ 2,829.21 Million in 2022, projecting it to reach US$ 3,616.85 Million by 2028. This translates to a CAGR of approximately 4.2% during the forecast period.
The Middle East and Africa Fixed-Base Operator Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Fixed-Base Operator Market report:
The Middle East and Africa Fixed-Base Operator Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Fixed-Base Operator Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Fixed-Base Operator Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+1 646 791 7070
sales@businessmarketinsights.com
Get Free Sample For Middle East and Africa Fixed-Base Operator Market
