The Africa aviation MRO market is anticipated to register a CAGR of 5.44% during the forecast period.
The African aviation industry lags compared to the rest of the world in terms of both aviation demand and supply. By the end of 2019, Africa has only 258 commercial aircraft on order, the least in the world. African fleet growth is expected to be constrained over the next decade by geopolitical tensions, unreliable safety records, high airport fees, and taxes on jet fuel. Also, the COVID-19 pandemic devastated African economies and brought air connectivity across the continent to a virtual standstill in the first half of 2020.
Against this backdrop, a reduced flight activity is expected to translate into a weaker MRO demand in the region. While the business aircraft and on-demand service providers witnessed better flight movements than the aircraft of the scheduled airlines, cargo demand rose with airlines, emphasizing loss reduction by becoming more active in the cargo transport sector in 2020, by converting some of their passenger aircraft to freighters.
There is currently a limited local infrastructure to support the aviation MRO aftermarket in Africa. Only a handful MROs in the region can perform all types of MRO services. Although the MRO industry in the region is smaller than other regions in the world, the existing MROs are trying to increase their capabilities through strategic partnerships and expansion activities. Foreign players are trying to enhance their footprint in the region and find opportunities in the void in the region’s MRO capabilities.
Key Market Trends
Fixed-wing Aircraft Segment Held the Largest Market Share in 2019
The fixed-wing aircraft segment held the largest market share in the market in 2019. As of mid-2020, the average age of the fixed-wing aircraft fleet in Africa is over 15.5 years, signifying a potential struggle for fleet modernization and aviation infrastructure development in the region. Several countries in Africa have adopted fleet migration programs that entail the re-sale of used aircraft from neighboring regions to increase their active fleet. It is estimated that around 75 percent of the fleet growth in the region by 2025 would be a direct result of migrations. Similarly, in the military aviation sector, the lack of economic stability has led to the countries resorting to procuring used aircraft from partner countries in Europe.
The market of Africa aviation MRO is fragmented with the presence of many local and foreign MRO providers offering various types of MRO services to the aircraft operators in the region.
Raytheon Technologies Corporation, Safran SA, Lufthansa Technik, Leonardo S.p.A., and Airbus SE are some of the prominent players in the market. Over the past few years, there has been an increase in investments of foreign players to increase their geographic footprint in the Africa region through expansion into new locations.
Several local players are partnering with OEMs to gain the technical expertise and required MRO certification for performing on-site MRO services. With the increasingly competitive environment in the MRO sectors, the local players are enhancing the efficiency of their MRO processes.
The profound market opportunities of the MRO sector in Africa, as well as growing investments of players toward expansion of their presence in the region, are expected to rapidly increase the competition in the market in the coming years.
Key Topics Covered:
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.1.1 Global Aircraft MRO industry
4.1.2 Africa Aircraft MRO industry
4.2 Market Drivers
4.3 Market Challenges
4.4 Industry Attractiveness – Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 MRO Type
5.1.1 Engine MRO
5.1.2 Components and Modifications MRO
5.1.3 Interior MRO
5.1.4 Airframe MRO
5.1.5 Field Maintenance
5.2 Aircraft Type
5.2.1 Fixed-wing Aircraft
5.3 Aviation Type
188.8.131.52 South Africa
184.108.40.206 Democratic Republic of Congo
220.127.116.11 Ivory Coast
18.104.22.168 Rest of Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Saab AB
6.2.2 LEONARDO SpA
6.2.3 Dassault aviation SA
6.2.4 PILATUS AIRCRAFT
6.2.6 Airbus SE
6.2.7 Aero Vodochody Aerospace
6.2.8 Raytheon Technologies Corporation
6.2.10 Denel SOC Ltd
6.2.11 Lufthansa Technik
6.2.12 Ethiopian Airlines
6.2.13 Egyptair Maintenance & Engineering
6.2.14 South African Airways Technical (SAAT)
6.2.15 Aero Contractors Company of Nigeria
6.2.16 Blue Bird Aviation
6.2.18 Sabena Technics
6.2.19 Air France Industries KLM Engineering & Maintenance
6.2.20 Direct Maintenance
6.2.21 Textron Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/w33qgs
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900