TechNavio recognizes the following companies as the key players in the Global Business Jet Market: Bombardier Inc., Gulfstream Aerospace Corp., Dassault Aviation S.A., and Cessna Aircraft Co.
Commenting on the report, an analyst from TechNavio’s Automotive team said: ”The steady economic growth in emerging economies has had a positive impact on rising demand for business jets in these countries. Continuous economic growth in emerging economies has improved the financial status of the people in these countries, leading to an increase in their per capita income and disposable income. In addition, the increasing corporate profitability in developing countries is expected to propel the demand for business jets. Moreover, the growing contribution of emerging economies in the global GDP is also propelling the demand for business jets. For instance, in 2012, emerging economies accounted for 28 percent of the global GDP. By 2030, the emerging economies are expected to account for 40 percent of the global GDP. Thus, the increasing demand from the emerging economies is a trend that is expected to have a positive influence on the growth of the market.”
According to the report, one of the major drivers in this market is the increasing number of billionaires worldwide. A majority of the business jets are purchased and owned by billionaires, thereby propelling the growth of the market. Another major driver is the increase in business jet order backlogs. The increasing order backlogs are expected to benefit vendors and OEMs, which augurs well for the growth of the market during the forecast period.
Further, the report states that one of the major challenges in this market is the increasing direct operating cost of business jets. The high operating cost is expected to deter potential customers from buying business aircraft, thereby inhibiting the growth of the market.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Embraer, Hawker Beechcraft Corp., Airbus SAS and The Boeing Co.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-business-jet-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Automotive market research, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Research Report – Global Business Jet Market 2012-2016
