Subscribe Free
in Maintenance

Middle East MRO market marches forward at the double

Posted 4 February 2016 · Add Comment

The Middle East's MRO market is forecast to effectively double by 2025 rising at 7.4% per annum to reach US $10.2 billion over the next decade.

The forecast has come from aviation & aerospace consultancy ICF International at the MRO Middle East conference in Dubai.

Addressing the conference, Richard Brown, Principal of ICF’s Aerospace & MRO Advisory said Middle East based operators currently spend around US $5 billion on their MRO needs, representing 8% of global demand. While global MRO demand is expected to grow by 4.1% per annum to reach US $96 billion, the Middle East market will significantly outstrip the worldwide average.

Brown predicted the strongest demand drivers would be engine and component markets while airframe maintenance would be characterised by reduced labour intensity of checks and increasing intervals.

Within the Middle East, Brown said the region’s robust widebody fleet will be the leading driver of MRO spend over the coming decade. Annual regional demand growth from turbo-props would be just 0.7%; while yearly demand from regional jets would be 1.6%, narrowbody jet demand would grow by 9.4% and for widebodies by 7.1%.

Brown said suppliers are now actively pursuing expressed interest in Iranian MRO opportunities. “Iran will require new MRO capacity, services and capabilities providing significant growth opportunities for suppliers, already peaking interest from leading MROs,” said Brown.
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Qatar Airways to boost Colombo service

Qatar Airways will introduce a fourth daily non-stop service from Doha to Colombo from 1 August, 2017.

OAPFD signs the Oman Aviation Academy shareholders agreement

The Oman Aviation Academy (OAA) shareholders agreement ceremony was held this week.

Embraer celebrates the tenth anniversary of the first flight of the Phenom 100

Embraer Executive Jets is celebrating the tenth anniversary of the first flight of its Phenom 100 entry level business jet.

BGS to provide fuel for Turkish Airlines in Boryspil, Riga and Vilnius airports

BGS, an international provider of ground handling and aircraft fueling services, has won a fuel supply tender for Turkish Airlines operations in Boryspil, Riga and Vilnius International airports during 2017-2018.

SCAC denies contract on SSJ100 delivery to Iran

Sukhoi Civil Aircraft Company, Sukhoi Superjet 100 (SSJ100) aircraft manufacturer, has issued a brief statement denying a contract on SSJ100 delivery to Iran.

Ethiopian Airlines to start services to Bahrain

Ethiopian Airlines has announced that it will start services to Bahrain effective August 17, 2017 with the latest B737-800 New Generation with Sky Interior.

TAA SK 12MTHS16
See us at
AIME BT1204240118Aviation Africa BT18418RMIT BT1631817DAS BT1105161117DASAS BT3006161117DIAC BT1105121117Commercial Aircraft Financing BT2017Global Aerospace BT28218Aviation Show 267291117