Global “Middle East & Africa General Aviation Market“ report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.The entire data relies on latest trade news, opportunities, and trends. The report contains a comprehensive marketing research and vendor landscape additionally to a SWOT analysis of the key vendors.
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The Middle East and Africa general aviation market is expected to register a CAGR of 5% during the forecast period, 2018 to 2023. General Aviation includes all aviation activities except those of scheduled commercial airlines and the military. Global General Aviation sector is showing tremendous growth due to growing economy especially in developing nations in Africa, Asia, and the Middle East. The numbers of millionaires in the world are rising at a tremendous pace. The number of millionaires in the world increased by more than 7.9% in 2017, as compared to 2016, with a total wealth recorded of more than USD 63 trillion.
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.
â¢ 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.
Key Players: ATR AIRCRAFT, TEXTRON AVIATION, BOMBARDIER, EMBRAER, LOCKHEED MARTIN amongst others.
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â¢ Analyzing various perspectives of the market with the help of Porterâs five forces analysis
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Middle East & Africa General Aviation Market Analyse according to leading players, Competitive landscape, geographical regions, top manufacturers, types, and applications forecast over a period of 2019 to 2024. Geographically, this report is divided into many key Regions, with production, consumption, revenue (million USD), market share and rate of Middle East & Africa General Aviation Market 2019 in these regions, from 2018 to 2024 (forecast), covering: North America, China, Europe, Japan, Southeast Asia, India.
The Objectives of this report are:
To define, describe, and analyze the Middle East & Africa General Aviation market on the basis of product type, application, and region
To forecast and analyze the size of the Middle East & Africa General Aviation market (in terms of value) in six key regions, namely, Asia Pacific, Western Europe, Central & Eastern Europe, North America, the Middle East & Africa, and South America
To forecast and analyze the Middle East & Africa General Aviation market at country-level in each region
To strategically analyze each submarket with respect to individual growth trends and its contribution to the Middle East & Africa General Aviation market
To analyze opportunities in the Middle East & Africa General Aviation market for stakeholders by identifying high-growth segments of the market
Key Questions Answered in Middle East & Africa General Aviation market report:
What will the market size be in 2024 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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Middle East & Africa General Aviation Market Report Provides Comprehensive Analysis as Following:
Market segments and sub-segments
Market size & shares
Market trends and dynamics
Market Drivers and Opportunities
Market Analysis and Segmentation
Supply and demand
Technological inventions in Middle East & Africa General Aviation trade
Marketing Channel Development Trend
Middle East & Africa General Aviation Market Positioning
Distributors/Traders List enclosed in Positioning Middle East & Africa General Aviation Market
Middle East & Africa General Aviation Market report provides you a visible, one-stop breakdown of the leading product, submarkets and market leaders revenue forecasts till 2024. In conclusion, Middle East & Africa General Aviation Market 2019 report presents the descriptive analysis of the Middle East & Africa General Aviation Market Major Key-players, Types, Application and Forecast Period knowledge which is able to function a profitable guide for all the Middle East & Africa General Aviation Market competitors.
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