Increasing Demand Driving Growth
Since the economic downturn caused by the 2008–2009 crisis, the market recovered adequately, and in 2016, the annual sales of business jet accelerated. The shipment of business jet increased by 11.2% to 129 units in the first quarter of 2017, compared to 122 in 2016. For the most part, several manufac-turers 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 catego-ry, 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 in-frastructure. Should the infrastructure be available, the expenses are so high that it makes operations, based on business jets service, unfeasible.
Approximately three-fourths of the sale of business jets is centered in the developed regions, mainly North America and Europe. The rest of the regions are highly underpenetrated and could witness mas-sive growth rates under feasible conditions, thus, driving the global business jet market. The strict reg-ulatory framework set by the DGCA (Directorate General of Civil Aviation) governs policy regulations for private jet ownership and charter companies. Asia-Pacific is witnessing a great transformation and countries, like India and China are expected to be the market leaders by 2020.
The global business jet market has been segmented on the basis of jet size, operators, and geography.
• By jet size, the market has been segmented into very light jets, light jets, mid-size jets, super mid-size jets, large-cabin jets and heavy jets.
• By operators, the market has been segmented into charter companies, fractional ownerships, corporate usage and private ownership.
• By geography, the market has been segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
• February 2018: Sales of business jetliner Falcon have stopped dwindling as orders rose to 41 from 33 in 2017 and it expects sales revenue to be higher than USD 4 billion in 2016.
• February 2018: Drop in Bombardier business jet sales.
Major Players: NETJETS, B/E AEROSPACE, FLEXJET, BOMBARDIER, DASSAULT FALCON, TEXTRON AVIATION, VISTAJET, GRAFAIR, EXECUTIVE JET CHARTER, amongst others
Reasons to Purchase the Report:
• To study the current and future market in the developed and emerging regions.
• Analyzing various perspectives of the market with the help of Porter’s Five Forces Analy-sis.
• Identify the segment that is expected to dominate the market.
• Identify the regions that are expected to witness the fastest growth during the forecast period.
• Identify the latest developments, market shares, and strategies employed by the major market players.
• 3-month analyst support along with the Market Estimate sheet (in Excel).
Report Customization and Benefits:
This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.
Companies Mentioned are -
NetJets, B/E Aerospace, Flexjet, Bombardier, Dassault Falcon, Textron Aviation, Vistajet, Grafair, Execu-tive Jet Charter, XO Jet, Gulf Stream Aerospace Corp., Honeywell International, Honda Aircraft Company, Embraer
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Assumptions
2.4 Econometric Forecast Model
3. Executive Summary
4. Key Findings of the Study
5. Market Overview and Technology Trends
5.1 Current Market Scenario
5.2 Technology Trends
5.3 Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitute Products/Services
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
6. Market Dynamics
6.1.1 Rise in Number of Millionaires around the World
6.1.2 Strong Demand Forecast in India and China
6.1.3 Infrastructure Improvement in Emerging Markets
6.2.1 Sluggish Growth in North America
6.2.3 Tough Regulatory Framework in the Emerging Markets
6.3.1 Potential for New Markets in Developing Economies
7. Global Business Jet Market Segmentation
7.1 By Type
7.2.1 Very Light Jets
7.2.2 Light Jets
7.2.3 Midsize Jets
7.2.4 Super Midsize Jets
7.2.5 Large Cabin Jets
7.2.6 Heavy Jets
7.2 By Operator
7.3.1 Charter Companies
7.3.2 Fractional Ownerships
7.3.3 Corporate Usage
7.3.4 Private Ownership
7.4 By Region
7.4.1 North America
7.4.2 South America
7.4.5 Middle East
8. Competitive Landscape
8.2 Market Share Analysis
9. Company Profiles
9.1 Net Jets
9.2 B/E Aerospace
9.3 Flex Jet
9.4 Bloom Business Jets
9.5 Graf Air
9.6 Executive Jet Charter
9.7 Xo Jet
9.8 Vista Jet
9.9 Saxon Air
9.10 Textron Aviation
9.12 Dassault Falcon
9.13 Gulfstream Aerospace Corp
9.14 Honeywell International
9.15 Honda Aircraft Company
9.16 Air Charter Service
9.18 One Aviation
10. Future of the Market
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.