Global Business Jet Market - 2023-2032 - Market Dynamics, Competitive Landscape, OEMs' Strategies & Plans, Trends & Growth Opportunities and Market Outlook - Gulfstream, Bombardier, Dassault, Embraer, Textron
1. Global Business Jet Market Slightly Cooling-Off in 2023 amid Strong Market Indicators
The Global Business Jet Market in 2023 is in the slight cooling-off phase, after the surge in demand and utilization activity witnessed during 2022, with the deliveries of business jets staying at 712 units for 2022, almost the same as 710 for 2021, however, with most key market indicators staying clearly above the pre-pandemic levels, as recorded in 2019. The industry OEMs continue to maintain significant order backlogs and register strong aftermarket activity which is likely to provide steady propulsion & revenue stability over near term to tackle the build-up of uncertainty in market sentiment and prevailing macroeconomic turbulence. The pre-owned jets inventory continues to increase in 2023, as compared to 2022 level; however, it still remains well below the pre-pandemic levels. Fleet utilization levels for business jets, too, have reduced slightly across North America and Europe in 2023 amid slowing down of overall macroeconomic growth in response to the unprecedented monetary policy tightening underway. The fleet utilization levels, however, have surged across the Asia-Pacific region so far in 2023.
2. Strong Long-Term Fundamentals for Business Aviation amid Persistent Near-Term Challenges
The long term view for business aviation remains upbeat and growth-bound with strong market fundamentals, underscored by economic growth & wealth creation, combined with the unbeatable promise of safety, convenience, efficiency and privacy. However, near-term challenges continue to persist; in form of, a complex, uncertain & challenging macroeconomic environment marked by high inflation, rising interest rates and sustained geopolitical instability with the Russia-Ukraine war showing no signs of abating and the U.S.-China strategic rivalry further escalating; which may impact order intake over near term. Monetary policy tightening is underway across most parts of the world as the Fed & central banks globally persisting in their attempts to rein in inflation while fears & spectre of another looming economic recession over near term are almost back to haunt everyone.
3. Transition to Sustainability being the Topmost, Long-Term Priority for Business Aviation:
Sustainability challenges remain the top near to long-term priority for business aviation while facing a strong activist campaigning & public backlash over emissions with the industry required to go green and become absolutely carbon-neutral by 2050 by transitioning to sustainable power sources, with transition to SAFs, being the topmost on the list of solutions pathways. Bombardier’s release of environmental product declaration on its latest Global 7500 and Challenger 3500 business jets, outlining the quantified environmental impact of its jets through various phases of their lifecycle, is a testimony to the perceived seriousness of the sustainability challenges being faced by the business aviation industry. Further, the active pursuit of research by the industry seeking radical aerodynamic improvements for reducing Carbon emissions, rapidly scaling up SAF production and active transitioning towards electrification & hybrid propulsion are the harbingers & building blocks for the creation of a new, sustainability-oriented & environmentally-attuned business aviation industry & eco-system going forward.
Against this backdrop, the report provides comprehensive insights & strategic analysis into the Global Business Jet market with focus on a blend of quantitative & qualitative analysis.
1. Part 1 of the report analyzes the Current Market Size, Drivers & Competitive Landscape for Business Aviation.
2. Part 2 provides detailed analysis on key industry OEMs, including, Product Portfolios, Financial Analysis, SWOT framework analysis and key insights into the Strategies & Plans of these OEMs.
3. Part 3 projects the market evolution likely over medium term with analysis of Key Market & Technological Trends, Issues & Challenges, Market Developments & Potential Growth Opportunities which could be leveraged by the industry value chain. The report concludes by analyzing market evolution and projecting demand outlook for business jets through 2032.
4. Relevance & Usefulness:
The report will provide answers to key questions, which include:-
1. What is the Structure & Size of the Global Business Jet Market?
2. How is the Global Business Jet Market split across players, in terms, of Market Shares?
3. Which are the Fastest Growing Segments of the Global Business Jet Market?
4. What are the Strategic Areas being focused upon by the Global Business Jet OEMs?
5. What are the Key Strategies & Plans being Conceptualized & Pursued by leading Business Jet Manufacturers?
6. Which are going to be the Key Growth Markets & Regions for Business Aviation through 2032?
7. Which are the Key Industry, Market & Technology Trends likely to Shape Future of Business Aviation?
8. What is the Demand Outlook for Business Jet Deliveries through 2032?
For Whom:
The report, with its unique disposition & strategy focus, is a niche, key & vital information resource on the Global Business Jet Market. It would be indispensable for those having interest, stakes or investments in and/or operational or strategic involvement in Business Aviation. The report will be extremely useful for Key Decision-Makers, Program Managers, Global Procurement Managers, Top Management of Industry Players & Other Companies, Industry OEMs, Fleet Operators, Suppliers, Vendors, Associated Equipment Manufacturers and other Key Players in the Industry Value Chain. The report will also be useful for existing & potential Investors, Industry & Company Analysts, M&A Advisory Firms, Strategy & Management Consulting Firms, PE Firms, Venture Capitalists, Financing & Leasing Companies, Researchers and all those associated with the Global Business Aviation industry.
The Global Business Jet Market in 2023 is in the slight cooling-off phase, after the surge in demand and utilization activity witnessed during 2022, with the deliveries of business jets staying at 712 units for 2022, almost the same as 710 for 2021, however, with most key market indicators staying clearly above the pre-pandemic levels, as recorded in 2019. The industry OEMs continue to maintain significant order backlogs and register strong aftermarket activity which is likely to provide steady propulsion & revenue stability over near term to tackle the build-up of uncertainty in market sentiment and prevailing macroeconomic turbulence. The pre-owned jets inventory continues to increase in 2023, as compared to 2022 level; however, it still remains well below the pre-pandemic levels. Fleet utilization levels for business jets, too, have reduced slightly across North America and Europe in 2023 amid slowing down of overall macroeconomic growth in response to the unprecedented monetary policy tightening underway. The fleet utilization levels, however, have surged across the Asia-Pacific region so far in 2023.
2. Strong Long-Term Fundamentals for Business Aviation amid Persistent Near-Term Challenges
The long term view for business aviation remains upbeat and growth-bound with strong market fundamentals, underscored by economic growth & wealth creation, combined with the unbeatable promise of safety, convenience, efficiency and privacy. However, near-term challenges continue to persist; in form of, a complex, uncertain & challenging macroeconomic environment marked by high inflation, rising interest rates and sustained geopolitical instability with the Russia-Ukraine war showing no signs of abating and the U.S.-China strategic rivalry further escalating; which may impact order intake over near term. Monetary policy tightening is underway across most parts of the world as the Fed & central banks globally persisting in their attempts to rein in inflation while fears & spectre of another looming economic recession over near term are almost back to haunt everyone.
3. Transition to Sustainability being the Topmost, Long-Term Priority for Business Aviation:
Sustainability challenges remain the top near to long-term priority for business aviation while facing a strong activist campaigning & public backlash over emissions with the industry required to go green and become absolutely carbon-neutral by 2050 by transitioning to sustainable power sources, with transition to SAFs, being the topmost on the list of solutions pathways. Bombardier’s release of environmental product declaration on its latest Global 7500 and Challenger 3500 business jets, outlining the quantified environmental impact of its jets through various phases of their lifecycle, is a testimony to the perceived seriousness of the sustainability challenges being faced by the business aviation industry. Further, the active pursuit of research by the industry seeking radical aerodynamic improvements for reducing Carbon emissions, rapidly scaling up SAF production and active transitioning towards electrification & hybrid propulsion are the harbingers & building blocks for the creation of a new, sustainability-oriented & environmentally-attuned business aviation industry & eco-system going forward.
Against this backdrop, the report provides comprehensive insights & strategic analysis into the Global Business Jet market with focus on a blend of quantitative & qualitative analysis.
1. Part 1 of the report analyzes the Current Market Size, Drivers & Competitive Landscape for Business Aviation.
2. Part 2 provides detailed analysis on key industry OEMs, including, Product Portfolios, Financial Analysis, SWOT framework analysis and key insights into the Strategies & Plans of these OEMs.
3. Part 3 projects the market evolution likely over medium term with analysis of Key Market & Technological Trends, Issues & Challenges, Market Developments & Potential Growth Opportunities which could be leveraged by the industry value chain. The report concludes by analyzing market evolution and projecting demand outlook for business jets through 2032.
4. Relevance & Usefulness:
The report will provide answers to key questions, which include:-
1. What is the Structure & Size of the Global Business Jet Market?
2. How is the Global Business Jet Market split across players, in terms, of Market Shares?
3. Which are the Fastest Growing Segments of the Global Business Jet Market?
4. What are the Strategic Areas being focused upon by the Global Business Jet OEMs?
5. What are the Key Strategies & Plans being Conceptualized & Pursued by leading Business Jet Manufacturers?
6. Which are going to be the Key Growth Markets & Regions for Business Aviation through 2032?
7. Which are the Key Industry, Market & Technology Trends likely to Shape Future of Business Aviation?
8. What is the Demand Outlook for Business Jet Deliveries through 2032?
For Whom:
The report, with its unique disposition & strategy focus, is a niche, key & vital information resource on the Global Business Jet Market. It would be indispensable for those having interest, stakes or investments in and/or operational or strategic involvement in Business Aviation. The report will be extremely useful for Key Decision-Makers, Program Managers, Global Procurement Managers, Top Management of Industry Players & Other Companies, Industry OEMs, Fleet Operators, Suppliers, Vendors, Associated Equipment Manufacturers and other Key Players in the Industry Value Chain. The report will also be useful for existing & potential Investors, Industry & Company Analysts, M&A Advisory Firms, Strategy & Management Consulting Firms, PE Firms, Venture Capitalists, Financing & Leasing Companies, Researchers and all those associated with the Global Business Aviation industry.
PART 1: MARKET SIZE, SEGMENTATION & COMPETITIVE LANDSCAPE
SECTION – 1
Global Business Jet Market
-Market Overview
-Global Business Aircraft Fleet - Size, Evolution & Growth Rate
-Market Size
-Market Segmentation & Competing Aircraft Programs across Key Segments
-Key Market Drivers
SECTION - 2
Competitive Landscape
2.1 Global Market for Business Jets - Market Share for OEMs
2.2 Market Share for OEMs based on Aircraft Shipments
2.3 Market Share for OEMs based on Revenues/Billings
2.4 Business Jet Deliveries Split by Programs across Key Industry OEMs for 2022
PART 2: ANALYSIS ON KEY INDUSTRY OEMS
SECTION – 3
Top 5 Industry OEMs - Profiles & Product Portfolio Snapshot
-Gulfstream Aerospace Corporation
-Bombardier Inc.
-Dassault Aviation S.A.
-Textron Aviation
-Embraer S.A.
SECTION – 4
Financial Performance Analysis – Top 5 Industry OEMs
1. Revenue Base & Growth Trend
2. Revenues Split by Key Segments
3. Revenues Split by Key Geographic Markets & Regions
4. Gross Earnings & Margin Trend
5. Operating Earnings & Operating Margin Trend
6. Return on Sales Trend
7. Profitability Growth Trend
8. Cash Flow from Operations
9. R&D Expenditure Trend
10. CAPEX Trend
11. Order Intake & Aircraft Deliveries Trend
12. Order Backlog Position
SECTION - 5
OEM Strategies & Plans – Comprehensive Analysis of Strategies & Plans for Top 5 Industry OEMs – Gulfstream, Bombardier, Dassault, Textron Aviation, Embraer
Analysis Coverage:
--Product Portfolio Strategies & Plans
--Market Specific Strategies & Plans
--R&D Strategies & Plans
--Growth Strategies & Plans
--Business and Corporate Strategies & Plans
--Sales & Marketing Strategies & Plans
--Production/Manufacturing Strategies & Plans
--Financial Strategies & Plans
-- Acquisitions, Strategic Alliances & JVs
-- Other Strategies & Strategic Initiatives
SECTION – 6
SWOT Analysis – On Top 5 Industry OEMs
-- Strengths to be Leveraged
-- Weaknesses to be worked on
-- Opportunities to be capitalized upon
-- Threats to be negated & mitigated
PART 3: MARKET & TECHNOLOGY TRENDS, EMERGING DEMAND SCENARIO AND STRATEGIC MARKET OUTLOOK THROUGH 2032
SECTION – 7
Key Trends
-Market Trends
-Technology Trends
SECTION – 8
Key Issues, Challenges & Risk Factors
SECTION – 9
Global Business Jet Market – Force Field Analysis - Analysis of Driving & Restraining Forces and their Overall Dynamics
-Driving Forces
-Restraining Forces
SECTION – 10
Strategic Market Outlook through 2032
1 Analysis of Emerging Market Scenario for Business Jets
2 Global Demand Outlook for Business Jets - Forecast to 2032
3 Global Demand Projections for Key Market Segments: – Based on Aircraft Size (Light, Medium & Heavy Jets)
-- Aircraft Delivery Units projections for Segments
-- Value of Projected Aircraft Deliveries across Segments
-- Growth Rates for Segments
-- Fleet Size Growth for Segments
4 Demand Projections for Key Geographic Markets & Regions: – North America, Europe, Latin America, CIS, Middle East & Africa and Asia-Pacific
- Aircraft Delivery Units projections for Key Markets/Regions
- Value of Projected Aircraft Deliveries for Key Markets /Regions
- Fleet Size Growth projections for Markets/Regions
- Aircraft Delivery Units projections for Key Market Segments across Markets/Regions
- Value of Projected Aircraft Deliveries across Key Market Segments for Markets /Regions
SECTION – 1
Global Business Jet Market
-Market Overview
-Global Business Aircraft Fleet - Size, Evolution & Growth Rate
-Market Size
-Market Segmentation & Competing Aircraft Programs across Key Segments
-Key Market Drivers
SECTION - 2
Competitive Landscape
2.1 Global Market for Business Jets - Market Share for OEMs
2.2 Market Share for OEMs based on Aircraft Shipments
2.3 Market Share for OEMs based on Revenues/Billings
2.4 Business Jet Deliveries Split by Programs across Key Industry OEMs for 2022
PART 2: ANALYSIS ON KEY INDUSTRY OEMS
SECTION – 3
Top 5 Industry OEMs - Profiles & Product Portfolio Snapshot
-Gulfstream Aerospace Corporation
-Bombardier Inc.
-Dassault Aviation S.A.
-Textron Aviation
-Embraer S.A.
SECTION – 4
Financial Performance Analysis – Top 5 Industry OEMs
1. Revenue Base & Growth Trend
2. Revenues Split by Key Segments
3. Revenues Split by Key Geographic Markets & Regions
4. Gross Earnings & Margin Trend
5. Operating Earnings & Operating Margin Trend
6. Return on Sales Trend
7. Profitability Growth Trend
8. Cash Flow from Operations
9. R&D Expenditure Trend
10. CAPEX Trend
11. Order Intake & Aircraft Deliveries Trend
12. Order Backlog Position
SECTION - 5
OEM Strategies & Plans – Comprehensive Analysis of Strategies & Plans for Top 5 Industry OEMs – Gulfstream, Bombardier, Dassault, Textron Aviation, Embraer
Analysis Coverage:
--Product Portfolio Strategies & Plans
--Market Specific Strategies & Plans
--R&D Strategies & Plans
--Growth Strategies & Plans
--Business and Corporate Strategies & Plans
--Sales & Marketing Strategies & Plans
--Production/Manufacturing Strategies & Plans
--Financial Strategies & Plans
-- Acquisitions, Strategic Alliances & JVs
-- Other Strategies & Strategic Initiatives
SECTION – 6
SWOT Analysis – On Top 5 Industry OEMs
-- Strengths to be Leveraged
-- Weaknesses to be worked on
-- Opportunities to be capitalized upon
-- Threats to be negated & mitigated
PART 3: MARKET & TECHNOLOGY TRENDS, EMERGING DEMAND SCENARIO AND STRATEGIC MARKET OUTLOOK THROUGH 2032
SECTION – 7
Key Trends
-Market Trends
-Technology Trends
SECTION – 8
Key Issues, Challenges & Risk Factors
SECTION – 9
Global Business Jet Market – Force Field Analysis - Analysis of Driving & Restraining Forces and their Overall Dynamics
-Driving Forces
-Restraining Forces
SECTION – 10
Strategic Market Outlook through 2032
1 Analysis of Emerging Market Scenario for Business Jets
2 Global Demand Outlook for Business Jets - Forecast to 2032
3 Global Demand Projections for Key Market Segments: – Based on Aircraft Size (Light, Medium & Heavy Jets)
-- Aircraft Delivery Units projections for Segments
-- Value of Projected Aircraft Deliveries across Segments
-- Growth Rates for Segments
-- Fleet Size Growth for Segments
4 Demand Projections for Key Geographic Markets & Regions: – North America, Europe, Latin America, CIS, Middle East & Africa and Asia-Pacific
- Aircraft Delivery Units projections for Key Markets/Regions
- Value of Projected Aircraft Deliveries for Key Markets /Regions
- Fleet Size Growth projections for Markets/Regions
- Aircraft Delivery Units projections for Key Market Segments across Markets/Regions
- Value of Projected Aircraft Deliveries across Key Market Segments for Markets /Regions
