Business Jet Market by Aircraft Type, Global Forecasts, Trends & Analysis to 2014 - 2020

Business Jet Market by Aircraft Type Global Forecasts, Trends & Analysis to 2014 – 2020; highest growth in North America region This business jet market report provides a market analysis for the next five years. It contains an analysis of drivers, challenges, and restraints that impact the industry. It also discusses the industry, market, and technology trends that currently prevail in the market. It provides the market size of the business jet market over the next five years and talks about the market share of specific sub-sectors for each region.

The business jet market:http://www.marketsandmarkets.com/Market-Reports/business-jet-market33698426.html is estimated to be $22.7 Billion in 2014 and is expected to register a CAGR of 6.86% to reach $33.8 Billion by 2020. The key growth regions will be North America, Europe, and Latin America.

The U.S., Russia, China, and Brazil will demonstrate consistent levels of growth.

The new fractional aircraft share sales remained steady compared to the previous year. Moreover, the usage of fractional fleet and the number of aircraft deliveries has increased, indicating a substantial, but constant recovery in the market. In the coming years, there will be a demand for fleet replacement from the existing fractional operators, while the demand for new aircraft is expected to come mainly from the markets wherein fractional aircraft is being introduced. Hence, APAC, Latin America, and Africa constitute the key potential regions that are expected to deliver high growth in this market. Net Jets has announced plans to open a new division in China, to serve the fast-growing Chinese business jet market.

The growth of the business jet market is triggered by the rising corporate profits, potential economic growth in emerging countries, increased number of high net worth individuals, due to the rising demand for the replacement of old aircraft. However, stringent government policies and regulation in developing nations and a prolonged process for product certification by the aviation authorities, restrains the growth of the business jet market.

The large jet segment is expected to confront a slight dip in their growth rate. North America and Europe is expected to contribute to the growing demand in the very light jet segment. It is expected that APAC would contribute significantly in the growth of the large jet segment. Latin America is expected to experience growth in the light and mid-size segment.

Contact: Mr. Rohan North - Dominion Plaza, 17304 Preston Road, Suite 800, Dallas, TX 75252 Tel: +1-888-600-6441 Email: sales@marketsandmarkets.com