The Aviation Industry in the Middle East is poised for significant growth, with the regional fleet projected to expand by 5.1% annually over the next ten years, according to a recent study by Oliver Wyman.
The maintenance, repair, and overhaul (MRO) sector is also expected to grow at a compound annual growth rate (CAGR) of 4.9% during the same period. While the Middle East’s aviation industry heavily relies on international travel, which has been slower to rebound to pre-pandemic levels than domestic travel, the region benefitted from air traffic around events such as the World Cup in Qatar last year.
The report also shows that the Middle East’s share of the global fleet will increase from 4.9% in 2023 to 6% in 2033. Moreover, the region’s fleet growth over the next decade will be primarily driven by the addition of narrowbodies, which will increase to 48% of the fleet from 39%, while widebodies will decline to 48% from 56%.
