Business Jet Market is growing at a CAGR of 5.84% & Hevily guided by Companies like Netjets , Executive Jet Charter & VistaJet

The Business Jet Market is expected to register a CAGR of 5.84% during 2017-2022 (the forecast period). Business jet holds the largest share in the general aviation market, in terms of revenue.

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The economic crisis of 2008-09 affected the business jet market, which further decelerated the sales. However, since then the market recovered smartly, and in 2016, the annual sales of business jet accelerated, during 2007-2008. Moreover, the shipment of business jet increased by 11.2% to 129 units in the first quarter of 2017, compared to that of 2016.

Market Dynamics

Due to the increasing incomes at a global level, business jet, especially in the light and very light category, have ceased to be the domain of only the ultra-rich. Moreover, timeshare and fractional ownership programs have enabled people to own private jets. Most popular light business jet can be purchased in around USD 4-8 million, thus, expanding the customer base. The biggest restraint that affects the business jet sales, especially in the regions of South America, Africa, and Asia-Pacific, is the lack of infrastructure. Moreover, if the infrastructure is available, the expenses are extremely high that makes an operation, based on business jets service, unfeasible.

With regards to business jet, approximately 3/4th of the sale is centered in the developed regions, such as North America and Europe. The rest of the regions are highly underpenetrated and are expected to witness massive growth rates, thus, driving the business jet market. India is one of the most promising markets for business jets. The strict regulatory framework set by the DGCA (Directorate General of Civil Aviation) governs policy regulations for private jet ownerships and charter companies.

Asia is witnessing a great transformation, moreover, India and China are expected to be the market leaders by 2020.

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Globally, the Gulfstream 500/550/650 series is one of the most popular business jet series and around 88 units were sold, which was recorded as one of the highest sales for any business jet type, over the last five years. However, in future, light jets and very light jets can be one of the largest sellers, for instance, around 125 units and 206 units of Cessna Citation M2 and the Phenom 300, respectively, were sold over the last 3 years.

Questions Answered in the Report

Business jet aircraft preferred by the airliner
Type of business jet, the private customers preferring to procure
New opportunities for the business jet market

Companies Mentioned in the Research Report are :

Netjets
B/E Aerospace
Flexjet
Bloom Business Jets
Grafair
Executive Jet Charter
XOJET
VistaJet

Major Points in the report  : 

Research Methodology
Key Findings of The Study
Executive Summary
Market Overview
1 Market Overview
2 Industry Value Chain Analysis
3 Industry Attractiveness – Porter’s 5 Force Analysis
4 Industry Policies
Market Dynamics
1 Introduction
2 Drivers
2.1 Rise in number of millionaires around the world
2.2 Strong demand forecast in India & China
2.3 Infrastructure improvement in emerging markets
3 Restraints
3.1 Sluggish growth in North America
3.2 European financial crisis
3.3 Tough regulatory framweork in the emerging markets
4 Trends
4.1 Canadian Government becomes partner with Bombardier for development of C series aircraft
4.2 Increasing popularity of Fractional Ownership programs
4.3 Certification near for the new HA-420 Honda Jet
4.4 Cessna Citaton M2 reaches the 100 mark , ony 2 years after certification
Global Business Jet Market
1 Technology Overview
2 Segmentation by type
2.1 Very Light Jets
2.2 Light Jets
2.3 Midsize Jets
2.4 Super Midsize Jets
2.5 Large Cabin Jets
2.6 Heavy Jets
3 Segmentation by Operators
3.1 Charter Companies
3.2 Fractional Ownerships
3.3 Corporate Usage
3.4 Private ownership
4 Segmentation By Region
4.1 North America
4.2 South America
4.3 Asia-Pacific
4.4 Africa
4.5 Middle East
4.6 Europe
Competitive Intelligence – Company Profiles
Investment Analysis
1 Recent Mergers And Acquisitions
2 Investment Outlook
Future of Global Business Jet Market

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