Global Business Jet Market by 2019 - New Aircraft Models Replacing Old Generation Business Jets
There has been an upturn in customer spending power with the economies reviving since the financial downturn. The demand for luxury items ever since has been rising. The global market of business jet has also improved to a great extent. More and more people are getting aware of the benefits of flying a business jet. That which usually seems a day-long affair when travelling on a regular commercial flight is only a matter of a couple of hours when a person owns a business-jet. One is also exempted of the long queues at the airport and most of the airport formalities. People who are really pressed for time and need to travel on a regular basis this is a really productive option. There is a rising demand of Business Jet Market due to the expanding business opportunities all around the globe especially in markets outside the US.
For an overview on this market one can refer to the Global Business Jet Market 2015-2019. According to market experts, this industry is expected to grow at CAGR of 6.8% in terms of revenue and 1.79% in terms of aircraft delivery over 2014-2019. The report covers the important players of this market like- Bombardier, Cessna, Dassault Aviation, Embraer and Gulfstream Aerospace. There is a detail about the business profile of these companies with segmentation by revenue for 2013 and for 2013 vs 2012, business strategies, and keys facts about them, their recent developments and a SWOT analysis of the company. There is also snapshot of other important players in this the Business Jet market like Airbus, Beechcraft, Boeing, Diamond Jet, Eclipse Aerospace and Honda Aircraft Company. The major regions covered in the report are Americas, APAC and EMEA. There is a detailed classification of light, medium-sized and large business-jet market demography-wise.
The industry of business jet are reviving at a fast pace. In the coming years the market will witness a rising demand for large aircrafts. It is expected that by 2032, 90% of these airplanes will be operating in the areas of Asia Pacific, Europe, and the Middle East. The number of passengers from these regions has continued to grow since 2011. The market scenario of the emerging markets is better than that of developed nations. China continues to be one of the important markets for Business Jet. Primarily because of its increasing demand and the economy's pursuit to spread their global presence. There have been five to six new business jets purchased in the airline market in China.
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The report includes details regarding the future market scenario, i.e., by 2019. The reader of the report would be able to analyze the trend in the global business-jet industry and what is driving the market growth. Some of the key challenges faced by this industry is the rising concern of fuel cost. But companies are trying to overcome the same by producing fuel efficient aircraft so that they continue to reap high profits even when the fuel prices are escalating. Another pressing concern is the economic and environmental challenges. The players of this market have invested heavily in restricting carbon dioxide emissions and targets to achieve carbon-neutral aviation growth after 2020 and also cut down on carbon emissions almost 50% of what it has been in 2005 by 2050. New airlines being launched have a better operational efficiency.
Positives' regarding this industry is that there has been sufficient support from the governments of the developing nations. By adopting the liberalisation policy, these economies have enabled cross-border franchise agreements and direct investment by foreign carriers boosting this market further. There is very little competition from other players in this market however one referring to the Global Business Jet Market 2015-2019 will be able to do an SWOT analysis of the market scenario and take necessary investment decisions.
Further, the report states that environmental regulations restricting the operations of old business jets that do not meet the noise standards or emission criteria have remained a challenge in the market. Similarly, the current European crisis, as a result of political tension and economic slowdown, has adversely affected the market.
List of Exhibits:
Exhibit 1: Market Research Methodology
Exhibit 2: Global Business Jet Market 2014-2019 (US$ million)
Exhibit 3: Global Business Jet Market 2014-2019 (unit delivery)
Exhibit 4: Classification of Business Jet Market by Aircraft Type
Exhibit 5: Global Business Jet Market by Aircraft Type 2014 and 2019 (Revenue)
Exhibit 6: Global Business Jet Market by Aircraft Type 2014-2019 (US$ million)
Exhibit 7: Global Business Jet Market by Aircraft Type 2014-2019 (Revenue-Percentage)
Exhibit 8: Global Business Jet Market by Aircraft Type 2014 and 2019 (Unit Delivery)
Exhibit 9: Global Business Jet Market by Aircraft Type 2014-2019 (Unit Delivery)
Exhibit 10: Global Business Jet Market by Aircraft Type 2014-2019 (Unit Delivery - Percentage) And more.
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