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Nigeria Aircraft Maintenance, Repair and Overhaul Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

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  • 70 Pages
  • April 2023
  • Region: Nigeria
  • Mordor Intelligence
  • ID: 4557733
Nigeria Aircraft Maintenance Repair & Overhaul Market is expected to grow at a CAGR of 7% during the forecast period.

During the outbreak of COVID-19, the Nigeria aircraft maintenance, repair, and overhaul market (MRO) witnessed a thump in demand due to halted aircraft services, subsequently hindering the demand trajectory of the Nigerian Aircraft MRO market. Moreover, the industry bounced back after the relief in restriction, and the last year was marked as a year of transition. The market is expected to reach the 2019 levels by the end of this year.

Further emphasis on aircraft MRO services from regulatory bodies and increasing licenses from the Nigerian Civil Aviation Authority (NCAA) to carry out aircraft maintenance jobs are likely to attract investments from prominent players in the region. The increasingly depleted and grounded aircraft fleet in Nigeria is likely to pave the way for the aircraft maintenance, repair, and overhaul market over the long run.

Nigeria Aircraft Maintenance Repair & Overhaul Market Trends

Increasing Air Traffic Across Nigeria

In recent years, Nigeria has been witnessing an increase in the number of travelers, which creates demand for new aircraft. The growing air traffic and an increasing number of aircraft will, in turn, create demand for aircraft MRO services. According to the National Bureau of Statistics (NBS) air transportation data published in 2021, Nigeria recorded a 45.32% increase in air transportation from the previous year. As per the data, there were 15.23 million passengers traveling through Nigeria’s domestic and international airports. There were 10.48 million passengers traveling through domestic and international airports in Nigeria in 2020.

Out of the 15.23 million travelers in 2021, 13.01 million were domestic travelers, and 2.22 million were international passengers. This showed a growth of 43.41% and 57.61%, respectively, compared to the previous year. Furthermore, the Federal Airports Authority of Nigeria (FAAN) predicted that Nigeria’s passenger traffic is expected to grow by 7% over the next 10 years. Growing air traffic leads to an increasing number of aircraft, which in turn creates demand for aircraft MRO, thus driving the growth of the market across the country.

Nigeria Accounted for Highest Grounded Aircraft Fleet in 2021

Nigeria is among top of the countries with the most aircraft grounded. Nigeria has 79 of 123 aircraft grounded, nearly 64%. The nation operates about 100 different commercial aircraft, out of which over 48 are grounded by total fleet capacity. The current administration has fallen short of its commitments to the industry, particularly in the areas of MRO facilities and aircraft leasing businesses, which are needed to meet local demand and stem large capital flights.

A depleted fleet and delays in aircraft MRO led to flight delays. For instance, Air Peace, with about 40% of the local market share, delayed 55% of its 17,861 operated flights in 2021. Arik delayed 57% of its 9,024 flights; Dana Air, 55% of 9,360 flights; Green Africa, 49% of its 1,092; and Ibom Air, 27% of 9,551 flights operated.

Due to such instances, the demand for MRO facilities in the country will propel and cultivate ways for Nigeria's Maintenance Repair and Overhaul Market during the forecast period.

Nigeria Aircraft Maintenance Repair & Overhaul Market Competitor Analysis

The Nigerian aircraft maintenance, repair, and overhaul market is moderately competitive, with a few players such as ExecuJet, Sky Jet Aviation Services, AJW Group, Arik Air, and Jet Maintenance Solutions. The market is highly driven by the license approval by the Nigerian Civil Aviation Authority (NCAA) and large fleet maintenance capacity. Players like Aero Contractors and 7Star Hangar have acquired licenses, but the capacity is very low for three-four aircraft maintenance, which could be a potential restraint for the company. Many other prominent players across the globe are leaning toward gaining approval from the Nigerian Civil Aviation Authority (NCAA), which could drive investments in aircraft maintenance, repair, and overhaul segment across Nigeria.

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  • The market estimate (ME) sheet in Excel format
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Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 Type
5.1.1 Engine
5.1.2 Component
5.1.3 Interior
5.1.4 Airframe
5.1.5 Modification
5.1.6 Field Maintenance
6.1 Vendor Market Share**
6.2 Company Profiles*
6.2.1 one Dot
6.2.2 Jet Maintainance Solutions (Jet MS)
6.2.3 Logos Aviation
6.2.4 BGI Aviation Technical Services (BATS)
6.2.5 Aero
6.2.6 Sky Jet Aviation Services
6.2.7 ExecuJet
6.2.8 GZ
6.2.9 AJW Group
6.2.10 Arik Air
6.2.11 Sanusi
6.2.12 TekniTeed

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • one Dot
  • Jet Maintainance Solutions (Jet MS)
  • Logos Aviation
  • BGI Aviation Technical Services (BATS)
  • Aero
  • Sky Jet Aviation Services
  • ExecuJet
  • GZ
  • AJW Group
  • Arik Air
  • Sanusi
  • TekniTeed