Middle East & Africa Aircraft Wheels and Brakes application in Aftermarket

Year Value
2018 422.8
2019 434.5
2020 252.2
2021 305.3
2022 313.8
2023 322.8
2024 332.5
2025 342.9
2026 354.1
2027 366.1
2028 379.0
2029 393.0
2030 408.0
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Middle East & Africa Aircraft Wheels and Brakes application in Aftermarket

Synopsis
The above chart is Middle East & Africa Aircraft Wheels and Brakes application in Aftermarket

Market Dynamics

The middle east & africa (mea) aircraft wheels and brakes application in aftermarket is expected to grow at a cagr of 3.3% from 2022 to 2030. the growth of the market is driven by the increasing demand for aircraft maintenance, repair, and overhaul (mro) services, as well as the aging aircraft fleet in the region. drivers increasing demand for aircraft mro services: the aging aircraft fleet in mea is driving the demand for aircraft mro services. aircraft wheels and brakes are one of the most critical components of an aircraft, and they need to be regularly maintained and repaired to ensure safe operation. aging aircraft fleet: the average age of the aircraft fleet in mea is increasing. this is driving the demand for aircraft mro services, including the replacement of worn or damaged wheels and brakes. expansion of the aftermarket: the aftermarket for aircraft wheels and brakes is also expanding in mea. this is due to the increasing number of aircraft operators in the region, as well as the growing demand for aircraft mro services. instances in 2022, lufthansa technik announced that it had opened a new aircraft mro facility in dubai. the facility will offer a wide range of services, including the repair and overhaul of aircraft wheels and brakes. in 2023, aar corp. announced that it had received an order for aircraft wheels and brakes from a major commercial airline in south africa. the order was for a new type of wheel and brake that is more efficient and reliable than previous models. the mea aircraft wheels and brakes application in aftermarket is a competitive market. the major players in the market include lufthansa technik, aar corp., and safran landing systems. these companies are constantly developing new technologies and products to improve the performance and reliability of aircraft wheels and brakes.

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