The Fuelling Segment to Dominate Middle East and Africa Fixed-Base Operator Market during 2021-2028
According to The Insight Partners market research study on “Middle East and Africa Fixed-Base Operator Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Services offered, Application and Country,” is expected to reach US$ 3,665.62 million by 2028 from US$ 2,723.54 million in 2021. The market is estimated to grow at a CAGR of 4.3% from 2021 to 2028. The report provides trends prevailing in the Middle East and Africa fixed-base operator market along with the drivers and restraints pertaining to the market growth. Growing business aviation sector and high contribution of fuelling services to fixed-base operator service business are major factors driving the growth of the Middle East and Africa fixed-base operator market. However, staff scarcity and high operational costs hinder the growth of Middle East and Africa fixed-base operator market.
Middle East and Africa, especially South Africa, witnessed an unprecedented rise in the number of COVID-19 cases in 2020. The pandemic conditions resulted in a decrease in aviation and defense activities, consequently lowering the demand for fixed-base operating activities in the first half of 2020. Moreover, decline in the overall travel activities has led to discontinuation of fixed-base operator projects in UAE and Saudi Arabia, among other Middle East and African countries. However, the countries are likely to overcome the consequences of the drop in demand with the economic activities regaining their pace, especially from the beginning of 2021.
The market for Middle East and Africa fixed-base operator is segmented into services offered, application and country. Based on services offered, the market is segmented into hangaring, fuelling, flight instructions, aircraft maintenance, and aircraft rental. In 2020, the fuelling segment held the largest share in Middle East and Africa fixed-base operator market. Based on application, the Middle East and Africa fixed-base operator is divided into business aviation and leisure aviation. Based on country, the market is segmented into South Africa, Saudi Arabia, UAE and rest of Middle East and Africa. In 2020, UAE held the largest share in Middle East and Africa fixed-base operator market. The business aviation segment is expected to be the fastest growing segment over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the Middle East and Africa fixed-base operator market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Middle East and Africa countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for fixed-base operator.
dnata Corporation, General Dynamics Corporation, Jetex, Luxaviation, Signature Aviation, Swissport International AG, and Tag Aviation and Abilene Aero are some of the leading companies in the Middle East and Africa fixed-base operator market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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