Jetcraft Releases 5-Year Pre-Owned Market Forecast Exploring New Opportunities for Business Aviation

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London, United Kingdom:
 

Jetcraft, the worldwide chief in business plane gross sales, acquisitions and trades, is releasing Ever Forward, its 5-Year Pre-Owned Business Jet Market Forecast, figuring out vital market alternatives and world tendencies.


 

Chad Anderson, Chief Executive Officer, Jetcraft says: “This year’s report predicts that, after stabilizing in the wake of a post-COVID surge, pre-owned transactions should maintain their new higher base and growth rates, reaching 10,921 transactions valued at $66.6B over the forecast period.”


 

2021 was a report yr for business aviation, with an annual whole pre-owned transaction worth of $14.5B, a close to 40% enhance on 2020, principally pushed by Large and Midsize jet purchases. Despite an equally sturdy efficiency in early 2022, Jetcraft predicts the market will soften with regular depreciation ranges resuming in 2023.


 

Ever Forward has recognized worldwide development areas for the sector, with the UHNWI inhabitants in Asia-Pacific set to extend by 33% over the following 5 years, suggesting vital potential for pre-owned Large jet transactions within the area. The Jetcraft research additionally studies the share of pre-owned Jetcraft patrons underneath 45 has risen by 20% within the final 5 years. Further, these patrons are driving a development towards bigger plane purchases, with their common transaction worth hitting $25m, a 31% enhance compared to their extra mature counterparts. In whole, practically 1 / 4 (24%) of pre-owned jet patrons in Europe are youthful than 45, with this determine rising to 38% within the Middle East and Africa.


 

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Anderson continues: “Our data shows that the profile of a typical pre-owned jet buyer has shifted internationally in recent years, with younger buyers making up a sizeable proportion of the market. This younger buyer persona offers real lifetime value to our industry, while the predicted growth of the UHNWI population also underlines the potential for the future of the sector.”


 

Jetcraft’s report additionally predicts a way more rational market over the following 5 years compared with the 2004-2008 growth, with common buy costs returning to pre-pandemic ranges.


 

Jahid Fazal-Karim, Owner and Chairman of the Board, Jetcraft, provides: “We are now entering a post-pandemic business cycle from a new, higher starting point, with a predicted steady upward trajectory fuelled by more and younger first-time buyers entering the market, alongside strong demand for larger jets and a growing UHNWI population.”


 

Download Jetcraft’s Pre-Owned Business Jet Market Forecast right here.


 

ENDS


 

About Jetcraft


 

More than brokers, Jetcraft is a community of worldwide plane advisors, providing unmatched worldwide attain and unrivalled native information. The firm’s market main intelligence, strategic financing options and intensive stock assist even essentially the most intricate of transactions. For 60 years Jetcraft has led the best way, setting requirements that proceed to form the business. Today, a group of 70+ devoted aviation specialists throughout 20+ places of work ship worldwide plane gross sales, acquisitions and buying and selling on the pace of life.


 

www.jetcraft.com


 


 

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