China Business Jets Market Studied by SRI in Topical Report Available at MarketPublishers.com05 Jan 2015 • by Natalie Aster
LONDON – The world sales volumes of business jets recorded a significant decline during the years of financial recession. However, the market is on a recovery trend now; and the global business jets sales volumes are forecast to reach USD 250 billion by 2023.
During the past five years, the overall number of business jets in Asia increased by 12% per year. As of 2013, the long-range and large-cabin jets held the largest share of the regional market; this segment accounted for 77% of the total jet sales in the Asian region. The demand for these business jets types is likely to remain high in the future years.
China is currently the largest business jets market in Asia; the country’s market is primarily driven by the growing wealthy population, rapid economic growth, rising corporate revenues and the governmental support. Between 2013 and 2032, the country is expected to produce 2,420 business jets in total. Meantime, such factors as the lack of local private pilots, stringent regulatory requirements, certain airspace restrictions and limited aviation support infrastructure, are constraining the business jets market growth in China. Moreover, the market is limited by the growing taxes, imposed on aircraft registered in China, and operational costs for foreign registered aircraft.
Topical research report “Growth & Opportunities in the China Business Jets Market” developed by Smart Research Insights (SRI) delves into the Chinese business jets market landscape.
The research report contains an all-round overview of the country’s business jets market performance since 2013, reviews the latest trends and scrutinizes the key drivers of the market. Furthermore, it thoroughly analyses the recent developments within the market and uncovers data on the major market challenges. The topical market study gives information on the total number of business jets delivered worldwide and the world market size, and also uncovers the number of billionaires globally. In addition, the in-demand report offers a detailed guide to the competitive scenario, thoroughly describes the Chinese and global business jets companies and includes unique data on their developments, financial performance and main executives. Future prospects of the business jets market in China till 2022 are discussed in the research report, too.
Growth & Opportunities in the China Business Jets Market
Published: December, 2014
Price: US$ 1,200.00
More in-demand market research reports by the publisher can be found at SRI page.