Business Jet Market 2018: Forecast to Grow at a CAGR of 5.8% by 2023 - Research and Markets

DUBLIN--()--The "Business Jet Market 2018 - 2023" report has been added to Research and Markets' offering.

The market is expected to register a CAGR of 5.84% during the forecast period.

Business jet holds the largest share in the general aviation market, in terms of revenue. The economic crisis of 2008-2009 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.

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.

Companies Mentioned

  • Netjets
  • B/E Aerospace
  • Flexjet
  • Bloom Business Jets
  • Grafair
  • Executive Jet Charter
  • XOJET
  • VistaJet
  • SaxonAir
  • Textron Aviation
  • Bombardier
  • Dassault Falcon
  • Gulfstream Aerospace Corp
  • Honeywell International
  • Honda Aircraft Company
  • Air Charter Service
  • Embraer
  • One Aviation
  • Boeing
  • Airbus

Key Topics Covered:

1. Research Methodology

2. Key Findings of The Study

3. Executive Summary

4. Market Overview

5. Market Dynamics

6. Global Business Jet Market

7. Competitive Intelligence - Company Profiles

8. Investment Analysis

9. Future of Global Business Jet Market

For more information about this report visit https://www.researchandmarkets.com/research/nxsl3b/business_jet

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Business Travel, Aircraft

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Business Travel, Aircraft