(MENAFN- GetNews) MENA Maintenance, Repair, and Operations (MRO) Market to be Driven by Increase in Commercial and General Aviation Passenger Traffic in the Forecast Period of 2021-202
The new report by Expert Market Research titled, 'MENA Maintenance, Repair, and Operations (MRO) Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026', gives an in-depth analysis of the MENA maintenance, repair, and operations (MRO) market , assessing the market based on its application, end-use and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2015-2025)
• Historical Market Size (2020): USD 150 Billion
The growth of the aviation industry in the Middle East and Africa is being fuelled by an increase in commercial and general aviation passenger traffic. Emirates, Qatar Airways, Middle East Airlines, and other major regional carriers are putting new aircraft orders. Many global and regional MRO service providers have extended their MRO service network in the area through alliances and joint ventures, including Lufthansa Technik, AMAC Aerospace, JORAMCO, and others. This aspect is fuelling the Middle East and Africa region's rise in aircraft, aircraft engines, and engine MRO services.
Maintenance, Repair, and Operations (MRO): Industry Definition and Segments
Maintenance, repair, and operations (MRO) refers to the operations used by a company to develop an end-product. MRO may include anything used in the manufacturing of, but not used in a final product.
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Based on applications, the market can be divided into:
The end use sector can be divided as follows:
• Construction and Infrastructure
• Food and Beverages
• Engineering and Manufacturing
The regional industries can be categorised as follows:
• Saudi Arabia
• United Arab Emirates
The booming digitalisation and increasing demand for improved productivity in businesses are driving the maintenance, repair, and operations (MRO) industry. Furthermore, the production of smart factories is expected to lead the industry. The market is expected to develop rapidly in the forecast period due to the growth of predictive maintenance, such as sensors and IoT, which allows for prompt replacement of manufacturing components before any defects occur.
However, due to the spread of COVID-19, which has had a significant effect on market growth, the market could slow down. The global supply chain has been harmed as a result of the pandemic's temporary shutdowns of factory units, which has made it difficult for vendors to obtain parts, limiting the MRO industry's development.
Key Market Players
The major players in the market are Saudia Aerospace Engineering Industries (SAEI), AL Mashrik Construction Company, and Egyptair Maintenance & Engineering Company, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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