Global Business Jets Market Analysed by SRI in New Report Now Available at MarketPublishers.com02 Mar 2015 • by Natalie Aster
LONDON – The global demand for business jets has improved since the financial crunch ended, with large players currently launching novel models on the back of growing demand from the Middle East, North America and Asia. The world business jets market was valued at USD 20.9 billion as of 2013 and it is projected to reach USD 33.8 billion by 2020-end, expanding at just over 6.85% CAGR.
The North America region and Europe are both seeing the revival of demand for business jets. Though the two regions both have a similar size of economy, the private jet flight activity in the North America region is around 3.5 times bigger. In Asia, the players are mainly focused on India and China. In the next ten years, the Indian business aviation industry is expected to grow into the 3rd biggest aviation market by 2020-end.
In China, despite the novel reforms adopted by the government as well as the country’s crackdown corruption slowed the pace of economic growth, the outlook remains bright. The Greater China area is anticipated to secure 2,420 business jets through to 2032-end.
New market research report “Opportunities in the Global Business Jets Market 2015” worked out by Smart Research Insights (SRI) contains a deep analysis of the world business jets market.
The comprehensive report canvasses the current market condition and scrutinises the sector’s historical development, thoroughly examines key drivers and trends emerging in the marketplace, identifies major challenges faced by industry players globally and by key region and country. An in-depth analysis of the competitive scenario along with comprehensive profiles of the leading companies is presented in the research publication. Moreover, the study casts light on the most likely development of the business jets market till 2022.
Companies discussed include: Gulfstream Aerospace Corp., Cessna Aircraft, Bombardier Inc., Honeywell International Inc., and Embraer S.A.
Opportunities in the Global Business Jets Market 2015
Published: February, 2015
Price: US$ 1,200.00
Other Market & Industry Reports by SRI Include:
- Malaysia & Indonesia Cocoa Industry Analysis
- Malaysia & Indonesia Rubber Industry Analysis
- Japan OnlineGaming Market 2015
More new research reports by the publisher can be found at Smart Research Insights (SRI) page.