The new report by Expert Market Research titled, ‘MENA Maintenance, Repair, and Operations (MRO) Market 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 segments like 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.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 150 Billion
A surge in defence expenditures by major regional economic players such as Saudi Arabia, Israel, Turkey, and Iran is fueling demand for combat aircraft in the region. Many countries, such as the United Arab Emirates and Saudi Arabia, are focusing on purchasing refurbished aircraft and updating their existing military aircraft fleets. This factor is playing a big role in the region's growth in the aviation engine MRO business, and it is projected to continue in the future. A growing concern for internal performance, more digitization, and greater investment in maintenance operations are among the major reasons driving the maintenance, repair, and service (MRO) market.
Industry Definition and Major Segments
Maintenance, repair, and operations (MRO) is a term that describes the collection of operations and tasks involved in the upkeep of a plant or facility, which may include physical maintenance of the structure or building, facility processes, and machinery used to produce the plant's primary business product.
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Based on application, the market can be divided into:
- Services
- Goods
- Logistics
- Others
It finds end-use in the following:
- Construction and Infrastructure
- Mining
- Energy
- Utilities
- Chemical
- Aviation
- FMCG
- Pharmaceuticals
- Food and Beverages
- Defence
- Automobile
- Engineering and Manufacturing
- Others
The regions for MENA maintenance, repair, and operations (MRO) market include:
- Saudi Arabia
- United Arab Emirates
- Israel
- Egypt
- Turkey
- Others
Market Trends
Because MRO can cut operational expenses significantly through process optimization and efficient supply chain management, an increasing number of end-user organisations are investing in the market studied. Furthermore, aggregate economic and industrial growth continues to fuel maintenance and repair output in both developed and developing nations. As part of the evolution of Industry 4.0, the MRO industry is being modernised.
Prescriptive and predictive maintenance software is in high demand in aircraft systems. The rise of the MRO sector is being fueled by recent advancements in aviation management. The employment of MROs in next-generation aircraft is being driven by the world's rapidly growing aircraft fleets. In addition, the growing usage of Software-As-A-Service (SaaS) in aviation management has a beneficial impact on MRO growth.
Key Market Players
The major players in the market are Saudia Aerospace Engineering Industries (SAEI), AL Mashrik Construction Company, Egyptair Maintenance & Engineering Company, and 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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