Pune, Maharastra -- (SBWIRE) -- 06/03/2016 -- MarketReportsOnline.com adds A Study of Middle East's Business Jets Market 2016 research report of 30 pages on the business jets industry to the automotive intelligence collection of its research store.
Complete report available at http://www.marketreportsonline.com/463722.html
The global business jets demand which was nearly halved during the financial crisis has now improved and large players are launching new models in the wake of increasing demand from Middle East, Asia and North America. The global business jets market was worth USD 20.9 billion in 2013 and is projected to grow at a CAGR of 6.86% to USD 33.8 billion by the end of 2020.
The Middle East business jets market has a promising outlook although currently the business jets fleet in the area represents just 3% of the world total. With the region's GDP projected to rise at an average of 3.8% over the next two decades, the prospects of the business jets sector are bright. Saudi Arabia has the biggest fleet of business jets in the Middle East at 188 aircrafts followed by Turkey at 157 and UAE at 135. Iran is a region with latent business jets demand and industry experts feel that the area has a lot of growth potential. Iran is the second largest economy in the Middle East after Saudi Arabia and has the second largest population after Egypt.
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The Middle East Jets market is dominated by heavy jets and large jets. Of the 745 new jet deliveries which Bombardier projects for the region by 2023, heavy jets form 70% and large jets account for approximately 24%. Our analysts believe that the long-term outlook for the business aviation market in the Middle East is positive. Even though the region suffers from political turmoil, it is experiencing steady economic growth.
Key Reasons to buy:
The report 'Middle East's Business Jets Market 2016" highlights key dynamics of Middle East's business jets market. The growing opportunity in the sector has been investigated along with the market drivers. The Initiatives and performance of key global players including Gulfstream Aerospace Corp., Bombardier Inc., Cessna Aircraft, Honeywell International Inc., Embraer S.A., Dassault Aviation and Boeing along with current market scenario has also been studied. The report contains latest industry leader's opinion.
Table of Contents
1. Global Business Jets Market
1.2 Market Performance& Statistics
2. Middle East Business Jets Market
2.2 Market Performance &Statistics
2.3 Market Drivers
2.5 Industry Leader's Opinion
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3. Competitive Landscape
3.1 Gulfstream Aerospace Corp.
3.2 Bombardier Inc.
3.3 Cessna Aircraft
3.4 Honeywell International Inc.
3.5 Embraer S.A.
3.6 Dassault Aviation
4. Industry Leader's Opinions
5. List of Charts and Graphs
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