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.
Both North America and Europe are showing recovery in
business jets demand. While both the regions have a comparable size of economy,
the private jet flight activity in North America is 3.5 times larger.At the end
of 3Q 2015, North America accounted for approximately 66% of global deliveries
in the private jet market, up from 45% of the market share before 2008.With
emerging markets experiencing pressure, the North America has steadily gained
market share in the past 2 years. In Europe new aircraft deliveries are will be
offset by older jets existing the market which will result in almost zero net
fleet growth through 2020.
In the Asian region, the players are focused on China
and India. It is expected that in the next decade the business aviation
industry in India will grow three times and emerge as the third largest aviation
market by 2020. Although the corruption crackdown and the new government’s
policies have slowed the economic pace of China, outlook is still bright. The
Greater China area is expected to take delivery of 2,420 business jets in the
period 2013 to 2032.
Why should the
report be purchased?
The report ‘Global Business Jets Market 2015:
Competitive Landscape & Opportunities’ highlights key drivers of and trends
emerging in the global business jet market. The current market scenario and
future prospects of the sector has been examined in detail. The North America,
Europe, China and India business jets market have been studied in detail. All
key global players in the business jets industry including Gulfstream Aerospace
Corp., Bombardier Inc., Cessna Aircraft, Honeywell International Inc., Embraer
S.A. and Dassault Aviation have been profiled. The report contains latest
industry leaders verbatim.
Research
methodology
Publisher has conducted in depth secondary research
to arrive at key insights. Data collected from key industry sources has been
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 60 pages “Global Business Jets Market 2015: Competitive Landscape
& Opportunities” report covers Global
Business Jets Market, North America Business Jets Market, Europe Business Jets
Market, India Business Jets Market, China Business Jets Market, Competitive
Landscape, Industry Outlook. Research Methodology. The report covered companies
are - Gulfstream Aerospace Corp., Bombardier Inc., Cessna Aircraft, Honeywell
International Inc., Embraer S.A., Dassault Aviation, Boeing
Find more information Visit at: http://mrr.cm/ozx
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Report at: http://www.marketresearchreports.com/transport
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