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Global Business Jet Market research report provides in-depth analysis of key manufacturers, demands, market share, size, trends, revenue, price, growth rate, product type, applications and Forecasts 2019-2023.
Business Jet Market Research Report Coverage: Introduction/Market Overview, Regional Market Analysis, Market Dynamics –Drivers, Trends & Challenges, Competitive Landscape, Company Profiles
The global business jet delivery market is estimated to reach US$19.52 billion in 2023, growing at a CAGR of 4.09%, for the period spanning from 2019 to 2023. The factors such as increasing corporate profits, improving consumer confidence, inclining flight operations, rising billionaires and accelerating economic growth are expected to drive the market growth.
However, growth of the industry would be challenged by lack of infrastructure and high maintenance cost.
A few notable trends include industry consolidation, increasing fractional fleet base, increased research and development activities and rising demand in emerging markets.
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There are three types of business jets market: Light, Medium and Large.
Increasing demand for business jets by the millennials in developed economies would support this market development.
North America accounted for the highest share in global business jets fleet count in 2018.
Business jets have tested to be a price effective, speedy, and secure approach of journey. The advantages include on-call for flight scheduling the potential to conduct business privately throughout flights, direct get admission to business enterprise sites and reduced travel time.
Hence, the call for those aircrafts is possibly to peer boom after overcoming the marketplace recession in previous years.
Flight departments, charter companies and fractional ownership are some of the authorities who own, manage and run business jets. Among the three, fractional ownership is becoming a popular choice because of the cost benefit it offers to the consumer.
On the basis of size, business jets are classified into heavy jets, medium jets and light jets. Heavy jets are expensive as compared to other two types and therefore, they accounted for larger market in terms of value.
The fastest growing regional market is North America owing to spur in business travels and investments by the young billionaires with improving economic conditions in US and Canadian cities.
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Scope of the “Business Jet Market “Report:
The report provides a comprehensive analysis of the global business jet market, segmented on the basis of size i.e. heavy jets, medium jets and light jets.
The major regional markets (North America, Europe, Asia-Pacific and South America) have been analyzed.
The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
The competitive landscape of the market, along with the company profiles of leading players [Textron Inc. (Cessna), Bombardier Inc., General Dynamics Corporation (Gulfstream), Embraer S.A., Dassault Aviation SA and Airbus SE] are also presented in detail.
Key Target Audience:
- Business Jet Manufacturers
- Component Suppliers
- End Users
- Consulting Firms
- Investment Banks
- Government Bodies & Regulating Authorities
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