[129 Pages Report] Business Jet Market research report for Aerospace and Defense Industry categorizes global market by Aircraft Type (Light Jet, Mid-size Jet, Large Jet) & by Geography (North America, Asia-Pacific, Europe, the Middle East, Latin America, and Africa)
Dallas, TX -- (SBWIRE) -- 09/24/2014 -- Key players in this market are Bombardier Inc. (Canada), Gulfstream Aerospace Corporation (U.S.), Cessna Aircraft Company (U.S.), Dassault Aviation S.A. (France), and Embraer S.A. (Brazil).
According to the new market research report "Business Jet Market by Aircraft Type (Light Jet, Mid-size Jet, Large Jet), by Geography (North America, Asia-Pacific, Europe, the Middle East, Latin America, and Africa) - Global Forecasts, Trends & Analysis to 2014 - 2020" The global business jet market was valued at $20.9 billion in 2013 and is expected to reach $33.8 billion by the end of 2020, to grow at a CAGR of 6.86%.
Browse 93 market data tables and 59 figures spread through 129 pages and in-depth TOC on “Business Jet Market”
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North America (comprising the U.S. and Canada) accounted for the largest share-52%-of the global business jet market in 2013. The already established infrastructural capacity and the highest number of older aircraft in the world are expected to be the cause of increased demand for new aircraft, thereby driving the growth in the North American region.
Europe is still the second largest market for business jets. The demand for business jets in Europe still remains below the pre-recession average, as the after effects of the sovereign debt crisis continue to hamper the consumer and business confidence across the region.
Latin America, APAC, and Africa are expected to be the key growth regions in the business jet market. Latin America accounts for 11% of the global market. It has the oldest aircraft fleet in the world.Hence, expected replacements will account for a significant number of deliveries in this region. APAC constitutes about 12% of the global market, with China and India being the key players. Underdeveloped infrastructure, high aircraft import taxes, and high user fees are the reasons for the small business jet fleet in these countries. Continued globalization and a burgeoning economy are expected to increase the penetration level of business jets in this region.
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The large jet segment is expected to confront a slight dip in their growth rate. North America and Europe is expected to contribute to the growing demand in the very light jet segment. It is expected that APAC would contribute significantly in the growth of the large jet segment. Latin America is expected to experience growth in the light and mid-size segment.
This report provides a market analysis of the business jet market for the next five years. It provides an overview of the drivers, challenges, and restraints that impact the industry. It also discusses the industry, market, and technology trends that currently prevail in the business jet market.It tracks, analyzes, and lays out the market size of the major spenders in each region and analyses the types of business jet aircraft such as light jets, mid-sized jets, and large jets.It provides information of the leading competitors in the business jet market.
It also provides details on their financial positions, key products, their unique selling points, and key developments.This research report segments the market on the basis of aircraft type, region, country, forecasting revenues, market share, and analyzing trends in each of the sub-sectors.
A competitive landscape with respect to the identification of key players and their market share has also been provided in the report. The strategic profiling of key players of the business jet market, along with a comprehensive analysis of their recent developments, investments, and core competencies in each segment have been identified.
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