luxury business private jets sale Growth Opportunities Analysis and Forecast 2030

NY, USA, September-09, 2019 /Aerospace -- 

Market NEWS: Business Jets Market is projected to $36.4 billion by 2030

The business jets market is projected to grow from an estimated USD 24.7 billion in 2019 to USD 36.4 billion by 2030, at a CAGR of 3.6% during the forecast period. An increasing number of high net worth personnel and the introduction of new aircraft programs are expected to drive the growth of the market.

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The light aircraft segment is projected to grow at the highest CAGR during the forecast period

Typically, light, mid-sized, large, and airliner are the four types of business jets available. The light segment is projected to grow at the highest CAGR during the forecast period. Growth of this segment can be attributed to the anticipated commercialization of air taxis, which will be used as business jets for inter and intracity travel. Expected to drive the overall business jets market further.

The OEM segment accounts for the largest market size during the forecast period.

Based on the point of sale, the market has been segmented into OEM and aftermarket. The OEM segment accounts for the largest market size during the forecast period. The OEM segment is the total OEM market size for conventional and futuristic business jets. Also, OEM is the fastest-growing market during the forecast period; this growth attributed to the introduction of new aircraft programs, and the commercialization of electric & hybrid business air vehicles. Cost of aftermarket, which includes Maintenance, Repair, and Operations (MRO) cost and parts replacement, is low when compared to the overall OEM market, hence OEM segment leads the business jets market during the forecast period.

Operator segment is expected to grow at the highest CAGR during the forecast period

Based on the end-user, the business jets market has been segmented into private, and operator. Operator segment is expected to grow at the highest CAGR during the forecast period. The burden of depreciation cost and high operating & maintenance cost of private ownership is driving the growth of this segment. Operators have options to optimize their operations through multiple customers

Aircraft systems sub-segment of OEM systems market accounts for the largest market size during the forecast period.

Based on systems, the business jets market has been segmented into OEM systems and aftermarket systems, which are segmented further into aerostructures, avionics, aircraft systems, cabin interiors, and doors, windows, and windshields. Aircraft systems, a sub-segment of OEM systems, is poised to account for the largest market share during the forecast period. This sub-segment includes systems such as propulsion systems, electrical systems, hydraulic systems, pneumatic systems, environmental control systems, emergency systems, and landing systems. As these systems are the backbone for the functioning of an aircraft, they together account for major aircraft cost, hence are anticipated to hold the largest market share.

North America is expected to account for the largest share in 2019

The business jets industry has been studied for North America, Europe, Asia Pacific, Middle East, Latin America, and Africa. North America is estimated to account for the largest share of the global market in 2019. This can be attributed to the presence of a large number of high-net-worth individuals coupled with the existence of major business jet manufacturers such as Textron (US), Bombardier (Canada), and Gulfstream (US), among others.

Additionally, the availability of airports across North America enables ease in business travel across the region. Geographically, North America is the biggest region, by area, hence it is critical for business travelers to opt for the fastest mode of transport to save time, resulting in increasing demand for business jets.

Major players operating in the business jet market include Bombardier (Canada), Embraer  (Brazil), Textron, Inc. (US), Gulfstream (US), Airbus (Netherland), and Boeing (US), among others. Startups such as Eviation Aircraft, Zunum Aero, and XTI aircraft are some of the companies focusing on launching and commercializing their business jets before 2025.

Used Business Aircraft Fleet Value Primed For Decline | Business Jet Market | Ainonline News

A shrinking inventory of newer preowned business jets and turboprops is threatening overall values as the remaining for-sale fleet gives way to older, harder-to-sell aircraft, according to Asset Insight’s first quarter 2019 Market Report that was released late last week. The report analyzes values for every production year of modern make and model business aircraft listed for sale during the period.

During the first quarter, overall demand—measured by days on the market and percent of the make and model fleet for sale—improved slightly, helped by large-cabin and midsize business aircraft, while asking prices for midsize and light jets rose by 3.4 percent and 1.6 percent, respectively. But as a whole, the overall value of the report’s tracked pre-owned fleet decreased 5 percent in the three-month period.

Business jet market report offers a detailed analysis of the light, mid-sized, and large aircraft type.

Key players in this market are Bombardier Inc. (Canada), Gulfstream Aerospace Corporation (U.S.), Cessna Aircraft Company (U.S.), Dassault Aviation S.A. (France), and Embraer S.A. (Brazil).

The business jet market is segmented into three broad segments namely; Light jet, Mid-size jet, and large jet. The light and mid-size jet segment is expected to show considerable growth by 2020.

As the for-sale fleet of business aircraft continues to trend older, asking prices are expected to slide because of a decline in fleet quality and an increase in maintenance exposure, according to the Las Vegas-based firm’s report..WIKI

“Newer aircraft continue to sell quickly and for solid prices, but there are fewer and fewer of those low-time, high-quality aircraft available on the market,” said Asset Insight president Tony Kioussis. “Buyers could see real opportunities in the second quarter for older, higher-time aircraft, as we expect prices to continue to decline across all market segments.”

Global and North America Aerospace Industry Business Jet Market Revenue, Business Operation Data, and Research Analysis

This business jet market report provides a market analysis for the next five years. It contains an analysis of drivers, challenges, and restraints that impact the industry. It also discusses the industry, market, and technology trends that currently prevail in the market. It provides the market size of the business jet market over the next five years and talks about the market share of specific sub-sectors for each region.

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The report also highlights the industry value chain, detailed ETOP analysis of the business jet market. Another aspect included is the illustrative segmentation, analysis, and forecast of the major geographical markets to provide an overall view of the global market.

Business Jet Market

Business jet market report offers a detailed analysis of the light, mid-sized, and large aircraft type.

Key players in this market are Bombardier Inc. (Canada), Gulfstream Aerospace Corporation (U.S.), Cessna Aircraft Company (U.S.), Dassault Aviation S.A. (France), and Embraer S.A. (Brazil).

The business jet market is segmented into three broad segments namely; Light jet, Mid-size jet, and large jet. The light and mid-size jet segment is expected to show considerable growth by 2020.

The large jet segment is expected to confront a slight dip in their growth rate. North America and Europe is expected to contribute to the growing demand in the very light jet segment. It is expected that APAC would contribute significantly in the growth of the large jet segment. Latin America is expected to experience growth in the light and mid-size segment.

New players such as Honda jet and Comac are expected to cater to the growing demand in the business jet market. Technological upgradation and more cost efficient products are expected from these new entrants to the market.

The global business jet market was valued at $20.9 billion in 2013 and is expected to reach $33.8 billion by the end of 2020, to grow at a CAGR of 6.86%.

This report segments the business jet market on the basis of aircraft type, regions, and countries. Further, it contains revenue forecasts and analyses technological trends that are predominant in this market. The geographical analysis contains an in-depth classification for North America, Europe,APAC, Latin America, Africa, and the Middle East, which contains major countries that cover the respective markets. The sections and sub-segments in the report would contain drivers, restraints, opportunities, challenges, and current market trends that are expected to revolutionize the market.

Key players profiled in the report are Bombardier Inc. (Canada), Gulfstream Aerospace Corporation (U.S.), Cessna Aircraft Company (U.S.), Dassault Aviation S.A. (France), and Embraer S.A. (Brazil).

The business jet market can qualitatively be segmented into two major categories-branded charters (which also include air taxis) and fractional ownership. The air charter market has shown significant growth since its inception, which was about five decades back. There were about 3,650 worldwide charter and air taxi fleet in 2013. The primary demand for chartered flights is due to consistent demand from North America and Europe, which constitutes 70% of the total demand. In the recent past, the strongest fleet growth in the charter market has been observed from APAC, Latin America, and Africa.

North America (comprising the U.S. and Canada) accounted for the largest share-52%-of the global business jet market in 2013. The already established infrastructural capacity and the highest number of older aircraft in the world are expected to be the cause of increased demand for new aircraft, thereby driving the growth in the North American region.

Europe is still the second largest market for business jets. The demand for business jets in Europe still remains below the pre-recession average, as the after effects of the sovereign debt crisis continue to hamper the consumer and business confidence across the region.

Latin America, APAC, and Africa are expected to be the key growth regions in the business jet market. Latin America accounts for 11% of the global market. It has the oldest aircraft fleet in the world. Hence, expected replacements will account for a significant number of deliveries in this region. APAC constitutes about 12% of the global market, with China and India being the key players. Under developed infrastructure, high aircraft import taxes, and high user fees are the reasons for the small business jet fleet in these countries. Continued globalization and a burgeoning economy are expected to increase the penetration level of business jets in this region.

Africa currently accounts for 6% of the global business jet market. The bulk of business jet deliveries are shared between Nigeria and South Africa in this region.

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Business Jet Market | Boeing business jet | Boeing 777

Business Jet Market 

According to the new market research report "Business Jet Market by Aircraft Type (Light Jet, Mid-size Jet, Large Jet), by Geography (North America, Asia-Pacific, Europe, the Middle East, Latin America, and Africa) - Global Forecasts, Trends & Analysis to 2014 - 2020", the global business jet market was valued at $20.9 billion in 2013 and is expected to reach $33.8 billion by the end of 2020, to grow at a CAGR of 6.86%.

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Browse 93 market data tables and 59 figures spread through 129 pages and in-depth TOC on “Business Jet Market - Global Forecasts, Trends & Analysis to 2014 - 2020” 

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This report provides a market analysis of the business jet market for the next five years. It provides an overview of the drivers, challenges, and restraints that impact the industry. It also discusses the industry, market, and technology trends that currently prevail in the business jet market.It tracks, analyzes, and lays out the market size of the major spenders in each region and analyses the types of business jet aircraft such as light jets, mid-sized jets, and large jets.It provides information of the leading competitors in the business jet market.

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It also provides details on their financial positions, key products, their unique selling points, and key developments.This research report segments the market on the basis of aircraft type, region, country, forecasting revenues, market share, and analyzing trends in each of the sub-sectors.

The business jet market can qualitatively be segmented into two major categories-branded charters (which also include air taxis) and fractional ownership. The air charter market has shown significant growth since its inception, which was about five decades back. There were about 3,650 worldwide charter and air taxi fleet in 2013. The primary demand for chartered flights is due to consistent demand from North America and Europe, which constitutes 70% of the total demand. In the recent past, the strongest fleet growth in the charter market has been observed from APAC, Latin America, and Africa.

A competitive landscape with respect to the identification of key players and their market share has also been provided in the report. The strategic profiling of key players of the business jet market, along with a comprehensive analysis of their recent developments, investments, and core competencies in each segment have been identified.

Key players profiled in the report are Bombardier Inc. (Canada), Gulfstream Aerospace Corporation (U.S.), Cessna Aircraft Company (U.S.), Dassault Aviation S.A. (France), and Embraer S.A. (Brazil).

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