DUBLIN, Sept. 18, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Business Jet (Light Jet, Mid-size Jet, Large Jet) Market - Forecasts, Trends & Analysis to 2014 - 2020" report to their offering.
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%.
This report segments the business jet market on the basis of aircraft type, regions, and countries. Further, it contains revenue forecasts and analyses technological trends that are predominant in this market. The geographical analysis contains an in-depth classification for North America, Europe,APAC, Latin America, Africa, and the Middle East, which contains major countries that cover the respective markets. The sections and sub-segments in the report would contain drivers, restraints, opportunities, challenges, and current market trends that are expected to revolutionize the business jet market.
Key players profiled in the report are Bombardier Inc. (Canada), Gulfstream Aerospace Corporation (U.S.), Cessna Aircraft Company (U.S.), Dassault Aviation S.A. (France), and Embraer S.A. (Brazil).
The business jet market can qualitatively be segmented into two major categories-branded charters (which also include air taxis) and fractional ownership. The air charter market has shown significant growth since its inception, which was about five decades back. There were about 3,650 worldwide charter and air taxi fleet in 2013. The primary demand for chartered flights is due to consistent demand from North America and Europe, which constitutes 70% of the total demand. In the recent past, the strongest fleet growth in the charter market has been observed from APAC, Latin America, and Africa.
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.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Cover Story: Mr. Roger Whyte, Current Cepa Chairman
6 Premium Insights
7 Industry Trends
8 Business Jet Market, By Product
9 Business Jet Market, By Service
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
- Airbus Group N.V.
- Bombardier, Inc.
- Cessna Aircraft Company
- Dassault Aviation S.A.
- Embraer S.A.
- Gulfstream Aerospace Corporation
- Honda Aircraft Company Llc
- The Boeing Company
For more information visit http://www.researchandmarkets.com/research/pq8kd3/business_jet
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SOURCE Research and Markets