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Global Business Jet Market - 2015-2024 - Market Dynamics, Competitive Landscape, OEM Strategies & Plans, Trends & Growth Opportunities, Strategic Outlook through 2024


News provided by

ReportBuyer

Jul 08, 2015, 06:06 ET

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LONDON, July 8, 2015 /PRNewswire/ -- The global business jet market continues to make steady recovery from the inertia that followed the economic crisis driven by continued economic recovery underway in the U.S., surge in demand for heavy jets and introduction of a number of new aircraft programs by the industry OEMs incorporating cutting edge technologies & innovations translating into enhanced performance capabilities, safety features & optimized operating economics. The global market for business jets is estimated to be worth $21.5 billion as of 2014 and is projected to grow at 2.8% CAGR through 2033. The demand for business jets continues to recover steadily with aircraft delivery numbers in 2014 registering a 6.5% year on year growth. The delivery numbers continue to be dominated by Bombardier in volume terms & led by Gulfstream in value terms respectively with the duo collectively holding over 70% market share (based on revenues) in 2014 with continued, robust demand growth in the heavy & medium jets segments. Top 3 industry OEMs, namely, Bombardier, Gulfstream & Dassault, with their product portfolios skewed towards the medium & heavy jets segment, continue to hold over 84% market share (based on revenues/aircraft billings for 2014) collectively.

The demand for business jets is likely to continue to improve over near term with improved GDP growth projections in the U.S., Introduction of new aircraft programs by OEMs, improving market accessibility and a favorable oil price trend which is likely to boost fleet utilization & profitability across operators and expand service revenues across OEMs. Further, long term demand drivers & market fundamentals remain robust indicating towards sustained, steady demand growth for business jets over medium to long term. Additionally, the market dynamics for business jets are likely to witness major transformation with the era of supersonic business jets likely to become a reality towards the early 2020s with a number of industry OEMs, led by Gulfstream, actively pursuing R&D towards development of a range of supersonic flight technologies capable of enabling feasible supersonic flights while meeting regulatory requirements simultaneously.

Against this backdrop, the report provides comprehensive insights & strategic analysis into the global business jet market with focus on a blend of quantitative & qualitative analysis. Secondary research forms the core of research methodology and the research excludes very light jets & large corporate airliners from the scope of analysis. Part 1 of the report analyzes the current market size, drivers & competitive landscape for business jets. Part 2 provides detailed analysis on key industry OEMs, including, profiles & product portfolio snapshot, financial analysis, SWOT framework analysis and key insights into the strategies & plans of these OEMs. Part 3 projects the market evolution likely over medium term with analysis of key market & technological trends, issues & challenges, market developments & potential growth opportunities which could be leveraged by the industry value chain. The report concludes by analyzing market evolution and projecting demand outlook for business jets over the next decade.

Report Excerpts:-

-Large Aircraft Segment to lead demand growth rate over next decade.

-Strong fundamentals & long-term, sustainable demand drivers to fuel industry growth over medium to long term.

-Introduction of new aircraft programs by OEMs & accelerated aircraft retirements to be amongst key demand drivers for new business jets.

-Global Business Jet fleet to grow at mid single-digit growth rate over forecast period.

-North America to lead aircraft deliveries over next decade followed by Europe amongst traditional markets.

-China & Latin America to lead demand growth amongst emerging markets.

-Analysis of Bombardier's strategy of deepening local roots across emerging markets & scaling up of services portfolio.

-Analysis of Gulfstream's strategy of steady product portfolio broadening, expansion of geographic footprint & rapid expansion of technological capabilities.

-Likely emergence of supersonic business jets by early next decade to transform market dynamics & landscape significantly.

Relevance & Usefulness: The report will be useful for

-- Strategic Planning & Decision-Making process

-- Identification of & Insights into Potential Growth Opportunities & Avenues

-- Inputs on Market Evolution & Demand Projections over Medium Term

-- Mapping the convergence between Industry & Company growth trajectories

-- Assessing potential impact of emerging Market Trends & Developments

-- Contingency planning for current Strategies & Aircraft Programs

-- Identifying & highlighting areas for making potential Strategic Changes, Adjustments & Realignment

For Whom: Key Decision-Makers across Industry Value Chain

The report will be essential for those associated with and having interest in the Global Business Aviation market. The report will be especially useful for Key Decision-Makers, Top Management of Companies, OEMs, Suppliers, Distributors, Vendors and other Key Players in the Industry Value Chain as well as existing & potential Investors, Industry & Company Analysts, M&A Advisory Firms, Strategy & Management Consulting Firms, PE Firms, Venture Capitalists & all those associated with the industry.

Download the full report: https://www.reportbuyer.com/product/3085901/

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
http://www.reportbuyer.com

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]  
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer

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