Business Jet Market By Type (Very Light Jets, Light Jets, Medium Jets, Heavy Jets), By Category (New, Pre-owned): Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

The global business jet market is anticipated to reach $41,404.5 million by 2032, growing from $26,800.0 million in 2022 at a CAGR of 4.5% from 2023 to 2032. Business jets are designed to travel at high speeds, often faster than commercial airliners. This is crucial for the passengers to reach their destinations more quickly without taking multiple halts. In addition, the interior of business jets can be customized to suit the needs of the passengers. The majority of the private jets offer comfortable seating, conference areas, as well as they are equipped with entertainment systems. This level of customization is important for customers as it helps the passengers in being productive and comfortable.

The demand for business jets is driven by many factors such as time saving feature that business jets provide. In addition, business jet can also be effectively utilized in community crises for providing emergency services. It can also be used in medical emergencies as an air ambulance to transport patients immediately to the hospitals. Business jets do not have the same limits as commercial airlines, allowing them to depart from smaller, more convenient airports, greatly reducing journey time by landing closer to the passenger's destination. In times of disaster, business aviation is frequently on the front lines of assisting residents and communities. In such times, the army also uses business jets for medical and other air transportation of wounded warriors, veterans, and their families in emergency situations.

However, safety issue is one of the prime reasons restraining the growth of the market. Various safety issues with business jet include runway safety, ground handling collisions, loss of control in flight, ignoring mandates given by the regulatory authorities, and others These factors are anticipated to restrain the business jet market size in the coming years.

The use of advanced aerodynamics that offers excellent fuel efficiency and comfort is anticipated to generate excellent growth opportunities in the market. Also, the business jets with long ranges are being designed to have excellent fuel capacity owing to the use of advanced aerodynamics that can cover extended distances without the need for refueling stops. Long-range business jets are engineered to be fuel-efficient as they are equipped with larger fuel tanks or additional fuel storage space to carry the necessary amount of fuel for the entire journey. In addition, business jets with long ranges are mostly equipped with powerful engines that offer high cruising speeds and the necessary thrust to maintain efficient flight over extended distances. All these factors are anticipated to create several growth opportunities for the key players operating in the market during the forecast period.

The pandemic triggered a global economic downturn affecting several business activities causing layoffs, financial instability, and reduced business activities. As several businesses became cautious about their spending, the spending on luxury goods such as business jets was impacted. Also, many potential customers delayed or canceled their orders for purchasing new business jets owing to uncertainties led by the pandemic. Furthermore, the widespread adoption of remote work and virtual meetings reduced the need for corporate travel as the majority of the meetings were conducted online reducing the necessity for business jets. These factors led to a negative impact on the business jet market during the pandemic.

The key players profiled in this report include Bombardier Inc., Gulfstream Aerospace Corporation, Textron Aviation Inc., Dassault Aviation, Embraer, Pilatus Aircraft Ltd., Airbus, Cirrus Aircraft, LLC, The Boeing Company, and Honda Aircraft Company, LLC. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the business jet market analysis from 2022 to 2032 to identify the prevailing business jet market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the business jet market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global business jet market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
24-hour priority response*
Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

Consumer Buying Behavior Analysis
Investment Opportunities
Upcoming/New Entrant by Regions
Technology Trend Analysis
Go To Market Strategy
Market share analysis of players by products/segments
New Product Development/ Product Matrix of Key Players
Pain Point Analysis
Regulatory Guidelines
Strategic Recommedations
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Brands Share Analysis
Expanded list for Company Profiles
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Market share analysis of players at global/region/country level
SWOT Analysis

Key Market Segments

By Type

Very Light Jets
Light Jets
Medium Jets
Heavy Jets

By Category

New
Pre-owned

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Switzerland
- Austria
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- Argentina
- United Arab Emirates
- South Africa
- Rest of LAMEA

Key Market Players:

Bombardier Inc.
Gulfstream Aerospace Corporation
Textron Aviation Inc.
Dassault Aviation.
Embraer
Pilatus Aircraft Ltd.
Airbus
Cirrus Aircraft, LLC
The Boeing Company
Honda Aircraft Company, LLC

Product Code: A07123

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
3.5. Market Share Analysis
3.6. Brand Share Analysis
3.7. Value Chain Analysis
3.8. Regulatory Guidelines
3.9. Key Regulation Analysis

CHAPTER 4: BUSINESS JET MARKET, BY TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Very Light Jets
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Light Jets
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Medium Jets
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Heavy Jets
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country

CHAPTER 5: BUSINESS JET MARKET, BY CATEGORY

5.1. Overview
- 5.1.1. Market size and forecast
5.2. New
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Pre-owned
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country

CHAPTER 6: BUSINESS JET MARKET, BY REGION

6.1. Overview
- 6.1.1. Market size and forecast By Region
6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Type
- 6.2.3. Market size and forecast, by Category
- 6.2.4. Market size and forecast, by country
  - 6.2.4.1. U.S.
  - 6.2.4.1.1. Market size and forecast, by Type
  - 6.2.4.1.2. Market size and forecast, by Category
  - 6.2.4.2. Canada
  - 6.2.4.2.1. Market size and forecast, by Type
  - 6.2.4.2.2. Market size and forecast, by Category
  - 6.2.4.3. Mexico
  - 6.2.4.3.1. Market size and forecast, by Type
  - 6.2.4.3.2. Market size and forecast, by Category
6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Type
- 6.3.3. Market size and forecast, by Category
- 6.3.4. Market size and forecast, by country
  - 6.3.4.1. Germany
  - 6.3.4.1.1. Market size and forecast, by Type
  - 6.3.4.1.2. Market size and forecast, by Category
  - 6.3.4.2. France
  - 6.3.4.2.1. Market size and forecast, by Type
  - 6.3.4.2.2. Market size and forecast, by Category
  - 6.3.4.3. UK
  - 6.3.4.3.1. Market size and forecast, by Type
  - 6.3.4.3.2. Market size and forecast, by Category
  - 6.3.4.4. Switzerland
  - 6.3.4.4.1. Market size and forecast, by Type
  - 6.3.4.4.2. Market size and forecast, by Category
  - 6.3.4.5. Austria
  - 6.3.4.5.1. Market size and forecast, by Type
  - 6.3.4.5.2. Market size and forecast, by Category
  - 6.3.4.6. Rest of Europe
  - 6.3.4.6.1. Market size and forecast, by Type
  - 6.3.4.6.2. Market size and forecast, by Category
6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Type
- 6.4.3. Market size and forecast, by Category
- 6.4.4. Market size and forecast, by country
  - 6.4.4.1. China
  - 6.4.4.1.1. Market size and forecast, by Type
  - 6.4.4.1.2. Market size and forecast, by Category
  - 6.4.4.2. Japan
  - 6.4.4.2.1. Market size and forecast, by Type
  - 6.4.4.2.2. Market size and forecast, by Category
  - 6.4.4.3. India
  - 6.4.4.3.1. Market size and forecast, by Type
  - 6.4.4.3.2. Market size and forecast, by Category
  - 6.4.4.4. South Korea
  - 6.4.4.4.1. Market size and forecast, by Type
  - 6.4.4.4.2. Market size and forecast, by Category
  - 6.4.4.5. Australia
  - 6.4.4.5.1. Market size and forecast, by Type
  - 6.4.4.5.2. Market size and forecast, by Category
  - 6.4.4.6. Rest of Asia-Pacific
  - 6.4.4.6.1. Market size and forecast, by Type
  - 6.4.4.6.2. Market size and forecast, by Category
6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Type
- 6.5.3. Market size and forecast, by Category
- 6.5.4. Market size and forecast, by country
  - 6.5.4.1. Brazil
  - 6.5.4.1.1. Market size and forecast, by Type
  - 6.5.4.1.2. Market size and forecast, by Category
  - 6.5.4.2. Argentina
  - 6.5.4.2.1. Market size and forecast, by Type
  - 6.5.4.2.2. Market size and forecast, by Category
  - 6.5.4.3. United Arab Emirates
  - 6.5.4.3.1. Market size and forecast, by Type
  - 6.5.4.3.2. Market size and forecast, by Category
  - 6.5.4.4. South Africa
  - 6.5.4.4.1. Market size and forecast, by Type
  - 6.5.4.4.2. Market size and forecast, by Category
  - 6.5.4.5. Rest of LAMEA
  - 6.5.4.5.1. Market size and forecast, by Type
  - 6.5.4.5.2. Market size and forecast, by Category

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2022

CHAPTER 8: COMPANY PROFILES

8.1. Bombardier Inc.
- 8.1.1. Company overview
- 8.1.2. Key Executives
- 8.1.3. Company snapshot
8.2. Gulfstream Aerospace Corporation
- 8.2.1. Company overview
- 8.2.2. Key Executives
- 8.2.3. Company snapshot
8.3. Textron Aviation Inc.
- 8.3.1. Company overview
- 8.3.2. Key Executives
- 8.3.3. Company snapshot
8.4. Dassault Aviation.
- 8.4.1. Company overview
- 8.4.2. Key Executives
- 8.4.3. Company snapshot
8.5. Embraer
- 8.5.1. Company overview
- 8.5.2. Key Executives
- 8.5.3. Company snapshot
8.6. Pilatus Aircraft Ltd.
- 8.6.1. Company overview
- 8.6.2. Key Executives
- 8.6.3. Company snapshot
8.7. Airbus
- 8.7.1. Company overview
- 8.7.2. Key Executives
- 8.7.3. Company snapshot
8.8. Cirrus Aircraft, LLC
- 8.8.1. Company overview
- 8.8.2. Key Executives
- 8.8.3. Company snapshot
8.9. The Boeing Company
- 8.9.1. Company overview
- 8.9.2. Key Executives
- 8.9.3. Company snapshot
8.10. Honda Aircraft Company, LLC
- 8.10.1. Company overview
- 8.10.2. Key Executives
- 8.10.3. Company snapshot