LONDON, June 9, 2016 /PRNewswire/ --
Global Business Aircraft Market : The Market Is Softening, but Is There Opportunity for Lighter Aircraft?
This research service on the global business aircraft market provides detailed market forecasts and drivers and restraints as well as market shares and competitive analyses of participants from 2015 to 2020. This study covers 4 market segments: heavy aircraft, medium aircraft, light aircraft, and turboprop aircraft. Additionally, this study presents some technological changes to the market and the companies marketing those changes, including Beechcraft, Bombardier, Cessna, Dassault, Embraer, and Pilatus. Beyond the delivery of new aircraft, this study examines the modification programs of aircraft and the maintenance, repair, and overhaul (MRO) for existing fleets. While all areas of the market declined significantly after 2007, the heavy aircraft segment has been resistant to downward pressures, unlike the light end of the market. This research looks at the market from 2015 through 2020, in terms of aircraft deliveries and potential aircraft sales.
Executive Summary—Key Findings
Acquisitions and business failures have reduced the number of market participants, but new start-ups continue to appear at a reduced rate.
- Asia-Pacific (APAC) and the Middle East have become the most significant growth areas for new business aircraft; however, North America (NA) and Europe remain the largest markets.
- The lackluster economies in NA and Europe limit sales of new aircraft and reduce the number of modifications.
- New deliveries of large airframes are near record levels, but sales have softened.
- The lack of sustained economic growth in Europe will limit medium and light aircraft market growth in that region.
- Aircraft manufacturers are looking for the best production rates. Their traditional metrics do not work well on the low end of the production spectrum.
- APAC and the Middle East have become primarily markets for charter and fractional operators.
- One of the common market metrics used to evaluate future sales of new aircraft is the current stock of used aircraft for sale and their prices. While the number of aircraft for sale has fallen, the price has not increased, suggesting a continued soft market.
Key Questions This Study Will Answer
- Have cessations of business activities reached a logical conclusion?
- Can aircraft manufacturers expect to gain additional sales?
- Will price points drive less functionality?
- Do very light aircraft have much of a future?
- Will production of new aircraft eliminate most modification operations?
- What effect will the reduction in original equipment manufacturers (OEM) have on the aircraft price point?
Download the full report: https://www.reportbuyer.com/product/3858929/
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For more information:
Sarah Smith
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SOURCE ReportBuyer
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