Indian Business Jets Market to Continue Growing, Predicts Smart Research Insights in New Report Available at MarketPublishers.com22 Dec 2016 • by Natalie Aster
LONDON – A fall in the world’s business jets shipments took place in H1 2016 - they dropped by more than 4% YoY. Slow growth is expected to take industry in the overall 2016. This trend will stem from a decline in the demand for such jets across emerging countries in the wake of economic difficulties experienced by China, Europe and Brazil along with a prices’ fall.
The global demand is forecast to value just under USD 260 billion (or 9,100 business jets in volume terms) as of H2 2016.
The total market value of this sector is projected to grow at a CAGR of more than 2.95% over the next 10 years. When it comes to the last decade, it should be noted that around 8,200 business jets were delivered during this period. Their total value stands at around USD 200 billion. In the U.S., this marketplace was resilient, though oil process plunged.
There are more than 250 business jets in India, and 130 private aircrafts make up around 50% of them. The private jets belong to such successful businessmen like Anil Ambani, Ratan Tata, and more.
The private jet fleet in this country has been increasing at a CAGR of approximately 8% over the past 8 years. Yet its size is much smaller than the one in leading regions and countries (e.g. North America). But the fleets of China and Japan are smaller than the Indian one.
The number of private plans in this country is forecast to be around 1,340 in the next 20 years.
New research report “A Study of India’s Business Jets Market 2016” drawn up by Smart Research Insights offers a comprehensive discussion of the Indian market for business jets. The study starts an all-round overview of the worldwide marketplace.
Then it reviews the Indian aviation sector. The report discloses the relevant statistics and sheds light on this sector’s performance. The research study proceeds with an in-depth analysis of the country’s business jets market.
It scrutinizes the competitive environment and concentrates on other emerging marketplaces, as well.
More new reports by our partner can be found at its page.