LONDON, May 14, 2015 /PRNewswire/ -- Key Findings
•The number of pre-owned aircraft for sale is a trend indicator for new business aircraft demand, and although the number has been declining, pre-owned aircraft prices remain fairly low. This creates a gap between new and pre-owned aircraft pricing that restrains new business aircraft purchases.
•Asia-Pacific, China, India, and the Middle East have become the most significant growth areas for the business aircraft market, but North America and Europe remain the largest markets.
•Modifications tend to be reduced in scope, but modification facilities in North America and Europe are booked through the foreseeable future.
•New deliveries of heavy airframes are at record levels and represent the major market sales area.
•The medium jet market has started to recover, predominantly in the longer range portion. Light jet market growth is still small, but there is some hope for market growth.
•The aircraft manufacturers are careful with their production rates. Estimates of future production rates are restrained.
•The "Great Recession" has changed the business aircraft business model. In 2007, virtually every type of business aircraft usage was growing, unlike now.
Three companies comprise nearly x % of the market share.
Asia-Pacific and Latin America are the primary growth regions.
Heavy airframe aircraft is the largest portion of the market.
Light aircraft are struggling to recover.
Boeing and Airbus continue to have an influence, but it is more restrained now.
•Research is separated into 5 geographic regions. These are North America (NA), Latin America and Caribbean (LA), Europe, Middle East and Africa (MEA), and Asia-Pacific (APAC).
•The market is segmented into heavy aircraft (heavy jets and large cabin jets), medium aircraft (super medium and medium jets), light aircraft (light and very light jets), turboprop aircraft, and services.
•Segment revenues are subdivided into new aircraft, modifications, and MRO (maintenance, repair, and overhaul). Helicopter research, including business helicopters, is included in report M939.
•Services revenues are not included in the overall market, and they are estimates only.
•All prices are identified in US dollars. Negative values are denoted in parentheses [e.g., (3.1)].
•Market share is based on the revenues provided by end users or aircraft manufacturers. Comments are made to identify selected secondary suppliers.
Key Questions This Study Will Answer
Have cessations of business activities reached a logical conclusion?
Can the aircraft manufacturers expect new models to gain additional sales?
Will price point pressure force less functionality?
Do very light jets have much of a future?
Will production of new aircraft eliminate the need for modifications?
What effect will the reduction of OEMs have on the aircraft price point?
Download the full report: https://www.reportbuyer.com/product/2841901/
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
For more information:
Research Advisor at Reportbuyer.com
Tel: +44 208 816 85 48