In its updated five-year business jet market forecast, Global Jet Capital projected $186.8 billion in total transaction volume of new and pre-owned business jet transactions between 2022 and 2026, with a compound annual growth rate of 5.1% during that time.
“If you are active in the business aviation environment, you recognize that despite the continuing negative effect of COVID-19 on world health and various business sectors, its effect on business aviation has been altogether different. The pandemic more broadly socialized a value proposition those of us in the business aviation industry have always understood. It’s the unique value proposition of business aviation, supported by a mature industry demonstrating balanced supply and demand dynamics, that will support sustainable growth for the foreseeable future.” Andrew Farrant, chief marketing officer of Global Jet Capital, said.
The report also forecasted heavy and medium jet demand should increase at faster rates than other size categories. North America will remain the largest business jet market over the next five years, with Europe being second largest market. Additionally, Latin America will be an important pre-owned business jet market.
First introduced in 2021, the updated report contains insights and projections for the business aviation market through 2026, including new deliveries and pre-owned transactions. The report contains details based on outputs generated by Global Jet Capital’s proprietary transaction forecast model.
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