ME share of global fleet to go up by 6% in 2033
The Middle East’s share of the global fleet is likely to grow over the decade from 4.9 per cent in 2023 to 6 per cent in 2033. The region’s fleet’s growth over the next decade will primarily be driven by the addition of narrow bodies. In a recent report, OliverWyman noted the Middle East remains among the fastest-growing aviation markets in the world, with the regional fleet set to expand 5.1 per cent per annum over the next decade. The maintenance, repair, and overhaul (MRO) sector will grow at a compound annual growth rate (CAGR) of 4.9 per cent during the same period. As per the report, narrow body aircraft will increase to 48 per cent of the fleet, while wide body aircraft will decline to 48 per cent.