Market Research Reports, Inc. has announced the addition of “Assessment of China's Business Jets Market 2014” research report to their website http://www.marketresearchreports.com
Lewes, DE -- (SBWIRE) -- 08/28/2014 -- The global recession has hit the business jet market hard. It is predicted that the manufacturing of new business jets is not likely to reach to pre-recession levels for almost another ten years. Deliveries of new business jets which stood at approximately 1300 in 2008 halved to about 600 in 2012. In 2013 the sector shipped 678 business jets, which are six jets more than 2012. There has been a growth in the bigger, longer-range business jets while the small and medium jet segment continues to face challenges.
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 has increased at an average annual rate of 27%, which almost matches the 26% annual growth in number of Chinese citizens categorized as wealthy during the period 2007-2012. The region is currently on a high growth path for business jets and the ongoing government support is likely to boost the market even further.
Why should the report be purchased?
The report ‘’ Assessment of China's Business Jets Market 2014” highlights key drivers of and trends emerging in China’s business jet market. The Initiatives and performance of key players including Bombardier, Gulfstream has been presented. The current market scenario and future prospects of the sector has also been examined. The report contains latest industry leaders verbatim.
The 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 25 pages, “Assessment of China's Business Jets Market 2014” report covering the Global Business Jets Market, China Business Jets Market Overview, Market performance, Trends & Drivers, Industry Challenges, Competitive Landscape, Future Outlook, Research Methodology. The report covered 5 companies are - Gulfstream Aerospace Corp., Bombardier Inc., Cessna Aircraft, Honeywell International Inc., Embraer S.A.
Know more about this report: http://www.marketresearchreports.com/smart-research-insights/assessment-chinas-business-jets-market-2014
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