The Middle East is a very wealthy region, but the income is concentrated only in the top echelons of society, so the growth of the market though strong will be limited. The situation is similar with Africa, although due to countries like South Africa, Nigeria, Egypt and Ghana, this trend is slowly changing. These countries are experiencing a surge in the number of middle class population and a general rise in levels of prosperity which is slowly increasing the market for General Aviation Aircraft in the region.
The Business jet market in the Middle East and Africa accounts for a major part within the General Aviation market in this region and is poised to grow at a healthy rate during the forecast period mainly due to the geographic location of the Middle East. Within the business jet market, the large cabin and ultra-long range aircraft are expected to be in higher demand during the forecast period.
Since oil is a major source of income in Middle East, the aviation market in the region was increasing at a very rapid pace until 2013 when the oil prices were at record highs. But the oil prices have crashed since then which has affected the finances of the states greatly. Most of the countries in the Middle East region can balance their budgets when the price of oil is near to USD 100 per barrel mark, but with the oil prices fluctuating at a lower level, the disposable income has reduced which has greatly affected the aviation market.
The market growth in Africa is mainly led by South Africa which will show high rate of growth during the forecast period. The market for general aviation aircraft is at a very nascent stage in Nigeria and Ghana, and will emerge as a potential market in the coming years.
- March 2017: Dubai Aerospace Enterprise Ltd. announced that it completed the purchase of ATR 72-600 aircraft from GECAS. The latest purchase increased DAEs fleet size to 57 that includes owned and committed aircraft.
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1.1 Scope of Study
1.2 Market Definition
1.3 Executive Summary
2. Research Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Phases
3. Market Insights
3.1 Current Market Scenario
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of the Suppliers
3.2.2 Bargaining Power of the Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Competitive Rivalry within the Industry
4. Market Dynamics
5.1 Increasing Number of Passengers Using Chartered Jet
5.2 Increasing Travel and Tourism
6.1 Rising Safety Concerns
6.2 Fluctuating Aviation Fuel Prices
7.1 Deregulation of the Airline Industry
8. Middle East and Africa General Aviation Market, Segmented by Type
8.2 Piston Fixed Wing
8.4 Business Jet
9. Middle East and Africa General Aviation Market, Segmented by Geography
9.1 United Arab Emirates
9.2 Saudi Arabia
9.3 South Africa
10. Competitive Landscape
10.2 Market Share Analysis
11. Company Profiles
11.1 ATR Aircraft
11.2 Textron Aviation Inc.
11.5 Embraer S.A
11.6 Bombardier Inc.
11.7 Pilatus Aircraft
11.8 One Aviation Corporation
11.10 Cirrus Aircraft
11.11 Lockheed Martin
11.12 Dassault Aviation
12. Future Outlook