Middle East and Africa Fixed-Base Operator Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Services Offered (Hangaring, Fuelling, Flight Instructions, Aircraft Maintenance, and Aircraft Rental) and Application (Business Aviation and Leisure Aviation)
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 Revenue and Forecast to 2028 (US$ Billion)
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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.
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. Middle East Africa Fixed-Base Operator 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 Threats to New Entrants
4.2.4 Threats to Substitute
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
5. Middle East Africa Fixed-Base Operator – Market Dynamics
5.1 Market Driver
5.1.1 Growth of Business Aviation Sector
5.1.2 Fueling Services Contribute Significantly to FBO Service Business
5.2 Market Restraint
5.2.1 Staffing Shortages and High Operational Costs
5.3 Trends
5.3.1 Escalating Demand for Hangaring Services for Large Aircraft
5.4 Impact Analysis of Drivers and Restraints
6. Fixed-Base Operator Market – Middle East Africa Market Analysis
6.1 Middle East Africa Fixed-Base Operator Market Revenue Forecast and Analysis
7. Middle East Africa Fixed-Base Operator Market Analysis – by Services Offered
7.1 Overview
7.2 Middle East Africa Fixed-Base Operator Market, by Services Offered (2021 and 2028)
7.3 Hangaring
7.3.1 Overview
7.3.2 Hangaring: Middle East Africa Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Fuelling
7.4.1 Overview
7.4.2 Fuelling: Middle East Africa Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Flight Instructions
7.5.1 Overview
7.5.2 Flight Instructions: Middle East Africa Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Aircraft Maintenance
7.6.1 Overview
7.6.2 Aircraft Maintenance: Middle East Africa Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Aircraft Rental
7.7.1 Overview
7.7.2 Aircraft Rental: Middle East Africa Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
8. Middle East Africa Fixed-Base Operator Market – by Application
8.1 Overview
8.2 Middle East Africa Fixed-Base Operator Market, by Application (2021 and 2028)
8.3 Business Aviation
8.3.1 Overview
8.3.2 Business Aviation: Middle East Africa Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Leisure Aviation
8.4.1 Overview
8.4.2 Leisure Aviation: Middle East Africa Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
9. Middle East Africa Fixed-Base Operator Market – Country Analysis
9.1 Overview
9.1.1 Middle East Africa: Fixed-Base Operator Market – by Key Country
9.1.1.1 Saudi Arabia: Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Saudi Arabia: Fixed-Base Operator Market – by Services Offered
9.1.1.1.2 Saudi Arabia: Fixed-Base Operator Market – by Application
9.1.1.2 UAE: Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 UAE: Fixed-Base Operator Market – by Services Offered
9.1.1.2.2 UAE: Fixed-Base Operator Market – by Application
9.1.1.3 South Africa: Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 South Africa: Fixed-Base Operator Market – by Services Offered
9.1.1.3.2 South Africa: Fixed-Base Operator Market – by Application
9.1.1.4 Rest of Middle East Africa: Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of Middle East Africa: Fixed-Base Operator Market – by Services Offered
9.1.1.4.2 Rest of Middle East Africa: Fixed-Base Operator Market – by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Development
11. Company Profiles
11.1 dnata Corporation
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 General Dynamics Corporation
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Jetex
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Luxaviation
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Signature Aviation
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Swissport
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 ExecuJet Aviation Group AG
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Universal Weather and Aviation, Inc.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Middle East Africa Fixed-Base Operator Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Saudi Arabia: Fixed-Base Operator Market – by Services Offered –Revenue and Forecast to 2028 (US$ Million)
Table 3. Saudi Arabia: Fixed-Base Operator Market – by Application –Revenue and Forecast to 2028 (US$ Million)
Table 4. UAE: Fixed-Base Operator Market – by Services Offered –Revenue and Forecast to 2028 (US$ Million)
Table 5. UAE: Fixed-Base Operator Market – by Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. South Africa: Fixed-Base Operator Market – by Services Offered –Revenue and Forecast to 2028 (US$ Million)
Table 7. South Africa: Fixed-Base Operator Market – by Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of Middle East Africa: Fixed-Base Operator Market – by Services Offered –Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of Middle East Africa: Fixed-Base Operator Market – by Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East Africa Fixed-Base Operator Market Segmentation
Figure 2. Middle East Africa Fixed-Base Operator Market Segmentation – By Country
Figure 3. Middle East Africa Fixed-Base Operator Market Overview
Figure 4. Middle East Africa Fixed-Base Operator Market, by Services Offered
Figure 5. Middle East Africa Fixed-Base Operator Market, by Application
Figure 6. Middle East Africa Fixed-Base Operator Market, By Country
Figure 7. Middle East Africa Fixed-Base Operator Market – Porter’s Five Forces Analysis
Figure 8. Middle East Africa Fixed-Base Operator Market: Ecosystem Analysis
Figure 9. Middle East Africa Fixed-Base Operator Market: Impact Analysis of Drivers and Restraints
Figure 10. Middle East Africa Fixed-Base Operator Market Revenue Forecast and Analysis (US$ Million)
Figure 11. Middle East Africa Fixed-Base Operator Market Revenue Share, by Services Offered (2021 and 2028)
Figure 12. Hangaring: Middle East Africa Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Fuelling: Middle East Africa Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Flight Instructions: Middle East Africa Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Aircraft Maintenance: Middle East Africa Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Aircraft Rental: Middle East Africa Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Middle East Africa Fixed-Base Operator Market Revenue Share, by Application (2021 and 2028)
Figure 18. Business Aviation: Middle East Africa Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Leisure Aviation: Middle East Africa Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Middle East Africa: Fixed-Base Operator Market, by Key Country - Revenue (2021) (US$ Million)
Figure 21. Middle East Africa: Fixed-Base Operator Market Revenue Share, by Key Country (2021 and 2028)
Figure 22. Saudi Arabia: Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. UAE: Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. South Africa: Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of Middle East Africa: Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
- dnata Corporation
- ExecuJet Aviation Group AG
- General Dynamics Corporation
- Jetex
- Luxaviation
- Signature Aviation
- Swissport
- Universal Weather and Aviation, Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa fixed-base operator 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 Middle East & Africa fixed-base operator 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 Middle East & Africa market trends and outlook coupled with the factors driving the fixed-base operator 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