World Business Jets Market Performance Examined in In-demand SRI Research Report Now Available at MarketPublishers.com04 Dec 2015 • by Natalie Aster
LONDON – The global demand for business jets has recovered following the financial crisis, with large players now launching novel models on the back of the rising demand from North America, the Middle East region and Asia. Worldwide, the business jets market was estimated at USD 20.9 billion as of 2013, and it is projected to amount to USD 33.8 billion by 2020-end, expanding at 6.86% CAGR.
North America and Europe alike are demonstrating recovery in demand for business jets. However, the private jet flight activity in North America is 3.5 times larger. As of the end of the third quarter 2015, the region accounted for around 66% of global deliveries in the private jet sector. With emerging markets witnessing pressure, North America has steadily gained market share over the last couple of years. In Europe, novel aircraft deliveries are poised to be offset by older jets present in the market, leading to nearly zero net fleet growth up to 2020.
During the next ten years, the Indian business aviation industry is set to grow three times to emerge as the 3rd largest aviation market in 2020. Greater China is expected to take delivery of 2,420 business jets through to 2032.
Bombardier Inc., Gulfstream Aerospace Corp., Cessna Aircraft, Embraer S.A., Dassault Aviation and Honeywell International Inc. are the leading players in the market.
In-demand research report “Global Business Jets Market 2015: Competitive Landscape & Opportunities” elaborated by Smart Research Insights (SRI) provides a detailed, unbiased analysis of the global business jet market. It casts light on key drivers of, and trends emerging in the market; provides insights into the major challenges the sector is facing; canvasses the current market performance and outlines the future development path of the industry; carefully examines the business jets market across North America, Europe, India and China. The research publication also offers detailed profiles of the world’s 7 leading players operating in the business jets industry.
Global Business Jets Market 2015: Competitive Landscape & Opportunities
Date: November, 2015
Price: US$ 1,200.00
More studies by the publisher can be found at Smart Research Insights page.