Business Jet Market Size
PORTLAND, OREGAON, UNITED STATES, October 20, 2023 /EINPresswire.com/ — Allied Market Research has recently published a report, titled, “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”. According to the report, the global business jet market size generated $26.8 billion in 2022, and is anticipated to generate $41.4 billion by 2032, witnessing a CAGR of 4.5% from 2023 to 2032.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/7488
𝐏𝐫𝐢𝐦𝐞 𝐃𝐞𝐭𝐞𝐫𝐦𝐢𝐧𝐚𝐧𝐭𝐬 𝐨𝐟 𝐆𝐫𝐨𝐰𝐭𝐡
A growth in air travelers and the launch of new programs on private aircraft are the factors expected to drive the growth of the global business jet market in the forecast period from 2023 to 2032. However, the initial cost of purchasing a private jet can be in the millions of dollars, which may hamper the business jet market growth in the coming future. On the contrary, advances in technology have resulted in more fuel-efficient engines and the development of lightweight materials, which is expected to offer remunerative opportunities for the expansion of the business jet market during the forecast period.
𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲 : 𝐏𝐫𝐞-𝐨𝐰𝐧𝐞𝐝 𝐒𝐮𝐛-𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐇𝐨𝐥𝐝 𝐌𝐚𝐣𝐨𝐫𝐢𝐭𝐲 𝐨𝐟 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞 𝐛𝐲 𝟐𝟎𝟑𝟐
The pre-owned sub-segment of the global business jet market accounted for the largest share of 54.1% in 2022 and is expected to dominate the market during the forecast period. The significant growth of the pre-owned sub-segment is mainly because pre-owned business jets are highly popular due to their low cost, owing to which people can profit from private jet travel without making a large initial investment. Furthermore, when compared to purchasing new business jets, purchasing a pre-owned plane offers a faster acquisition process.
𝐓𝐲𝐩𝐞 : 𝐇𝐞𝐚𝐯𝐲 𝐉𝐞𝐭𝐬 𝐒𝐮𝐛-𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐇𝐨𝐥𝐝 𝐇𝐢𝐠𝐡𝐞𝐬𝐭 𝐒𝐡𝐚𝐫𝐞 𝐃𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐏𝐞𝐫𝐢𝐨𝐝
The heavy jets sub-segment of the global business jet market accounted for the largest market share of 32.0% in 2022 and is expected to dominate the market during the forecast period. The prominent growth of the sub-segment is mainly because heavy jets are becoming increasingly popular as the longest-range private jets with large cabins that offer excellent comfort. Additionally, heavy jets can travel at great speeds throughout the entire world.
𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/business-jet-market/purchase-options
𝐑𝐞𝐠𝐢𝐨𝐧 : 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐌𝐚𝐫𝐤𝐞𝐭 𝐭𝐨 𝐅𝐥𝐨𝐮𝐫𝐢𝐬𝐡 𝐈𝐦𝐦𝐞𝐧𝐬𝐞𝐥𝐲 𝐛𝐲 𝟐𝟎𝟑𝟐
The business jet market in the North America region accounted for the largest share of 47.1% in 2022 and is expected to dominate the market during the forecast period. This growth is mainly due to continuous research and development in the United States in the field of noise-cancelling devices. Furthermore, advances in electric vertical takeoff and landing (eVTOL) aircraft can improve urban transportation by enhancing journey times.
𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐉𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 :
Embraer
The Boeing Company
Airbus
Cirrus Aircraft, LLC
Textron Aviation Inc.
Gulfstream Aerospace Corporation
Pilatus Aircraft Ltd.
Dassault Aviation
Bombardier Inc.
Honda Aircraft Company, LLC
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/7488
The report provides a detailed analysis of the key players of the global business jet market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :
Carrier Rocket Market : https://www.prnewswire.com/news-releases/carrier-rocket-market-to-reach-25-42-billion-globally-by-2030-at-11-9-cagr-allied-market-research-301355698.html
Regional Jet Market : https://www.globenewswire.com/en/news-release/2023/07/11/2702341/0/en/Regional-Jet-Market-to-Reach-10-6-Billion-Globally-by-2032-at-6-4-CAGR-Allied-Market-Research.html
David Correa
Allied Market Research
+1 800-792-5285
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