DUBLIN--(BUSINESS WIRE)--The "Global Business Jet Market - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The market is expected to register a CAGR of 5.84% during 2018-2023.
Since the economic downturn caused by the 2008-2009 crisis, the market recovered adequately, which led to the acceleration of the annual sales of the business jet in 2016. The shipment of business jet increased by 11.2% to 129 units in the first quarter of 2017, compared to 122 in 2016. Several manufacturers reported flat or declining delivery statistics during the first quarter of 2017.
Due to the increasing income 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. Timeshare and fractional ownership programs have also enabled people to own private jets. Most popular light business jet can be purchased for 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. Should the infrastructure be available, the expenses are so high that it makes operations, based on business jets service, unfeasible.
- textron Aviation
- Honda Aircraft Company
- Dassault Aviation
Key Topics Covered:
2. Research Methodology
3. Market Insights
4. Market Dynamics
5. Business Jet Market, Segmented by Type
6. Business Jet Market, Segmented by operator
7. Business Jet Market, Segmented by geography
8. Competitive Landscape
9. Company Profiles
10. Future Outlook of the Market
For more information about this report visit https://www.researchandmarkets.com/research/jss6xz/global_business?w=4