GCC Aircraft MRO Market Size (2024 - 2029)

GCC Aircraft MRO Market Analysis

The GCC Aircraft MRO Market size is estimated at USD 3.25 billion in 2024, and is expected to reach USD 6.35 billion by 2029, growing at a CAGR of 14.46% during the forecast period (2024-2029).

Key regional economic powerhouses, including the United Arab Emirates, Saudi Arabia, and Qatar, are investing substantially in acquiring new aircraft. Meanwhile, several other GCC nations focus on procuring refurbished aircraft and enhancing their existing military fleet. This collective push is a primary driver for the growth of the aircraft MRO market.

While the GCC region has witnessed a surge in aircraft fleets and MRO entities over the past two decades, attracting and retaining skilled labor is a notable challenge. While this challenge is prevalent globally, it has become increasingly pronounced in the region. The demand for maintenance technicians is projected to outstrip supply shortly, so the situation calls for strategic solutions.

The United Arab Emirates and Saudi Arabia stand out as pivotal aviation hubs in the GCC. Recognizing this, their governments are actively fostering partnerships and joint ventures between local and foreign MRO providers, aiming to bolster the region's aircraft MRO market in the coming years.

GCC Aircraft MRO Industry Segmentation

Aircraft MRO encompasses activities that maintain an aircraft and its components' airworthiness. Service providers conduct overhauls, inspections, replacements, defect rectifications, and modifications in line with airworthiness directives. This study focuses on MRO services for commercial fixed-wing and general aviation aircraft in the GCC region.

The GCC aircraft MRO market is segmented by MRO type and geography. By MRO type, the market is segmented into the airframe, engine, component and interior, and line. The report also offers the market size and forecasts for six countries across the region. For each segment, the market size is provided in terms of value (USD).