The global business jets demand which was nearly
halved during the financial crisis has now improved and large players are
launching new models in the wake of increasing demand from Middle East, Asia
and North America. The global business jets market was worth USD 20.9 billion
in 2013 and is projected to grow at a CAGR of 6.86% to USD 33.8 billion by the
end of 2020.
The demand in China is driven by corporations and the
rising number of billionaires, who aspire for the convenience offered by
business jets. The business jet fleet in China grew at an average annual rate
of 27%, which almost matched the 26% annual growth in number of Chinese
citizens categorized as wealthy during the period 2007-2012. However, recently
the market has hit a rough patch due to slow growth of the Chinese economy and
the government’s anti-corruption austerity campaign. At the close of 2014, the
business jets market in China grew by 15.5% year-on-year and deliveries are
currently lagging almost two years behind orders.
Why should the
report be purchased?
The report ‘A
Study of China's Business Jets Market 2015’highlights key drivers of and
trends emerging in China’s business jet market. The Initiatives and performance
of key players including Bombardier, Gulfstream, Cessna Aircraft, Honeywell
International Inc., Embraer S.A., Dassault Aviation and Boeinghas been
presented. The current market scenario and future prospects of the sector has
also been examined. The report contains latest industry leader’s opinions.
Research
methodology
Publisher has conducted in depth secondary research
to arrive at key insights. Data collected from key public industry sources and
publications has been scanned and analyzed impartially to present a clear
picture of the industry. All recent developments which impact the sector
dynamics have been captured and used to support the research hypothesis.
Spanning over 35 pages “A Study of China's Business Jets Market 2015” report
covers Global Business Jets Market, China Business Jets Market, Research
Methodology. The report covered companies are - Gulfstream Aerospace Corp.,
Bombardier Inc., Cessna Aircraft, Deer Jet, Embraer S.A., Dassault Aviation,
Boeing
Find more information Visit at: http://mrr.cm/ozp
Find all Air
Transport Report at: http://www.marketresearchreports.com/air-transport
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