Middle East and Africa General Aviation Market
, 2023-01-20 17:30:00
The Middle East and Africa General Aviation Market is projected to register a CAGR of 11.01%. Key Highlights. Largest Market by Sub-Aircraft Type – Business Jets : The presence of a large number of High Net-worth Individuals (HNWIs) in the region is a major driver for the market growth.
New York, Jan. 20, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Middle East and Africa General Aviation Market – SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028” – https://www.reportlinker.com/p06381542/?utm_source=GNW
Fastest-growing Market by Sub-Aircraft Type – Business Jets : Frequent traveling requirements to attend business and private affairs of HNWIs and their lifestyle is prompting them to acquire more expensive private planes.
Largest Market by Body Type – Large Jet : The consumers’ preference for large jets across the region is driving the demand. Therefore, manufacturers offer consumers a wide range of products according to their convenience.
Largest Market by Country – Qatar : Procuring large jets by various companies or individuals across various sectors drives the country’s market growth.
Key Market Trends
Business Jets is the largest segment by Sub Aircraft Type.
Middle East & Africa accounted for around 3% of global business jet deliveries in 2021. Turboprop and piston aircraft accounted for 6.3% and 2.3% of global deliveries.
The COVID-19 pandemic adversely impacted the general aviation sector of the region. The global…
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