Lucintel Report Outlines 4.28% CAGR for Global Business Jet Market during 2012-2017
Irving, Texas (PRWEB) August 12, 2012
The global business jet market is expected to reach $ 22.68 billion by 2017 with a CAGR of 4.28% over the next five years. The market is led by North America followed by Europe and Asia Pacific. The market is highly consolidated and includes segments such as large jets, medium jets, and light jets.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the industry dynamics and trends of business jet market and presents its findings in “Global Business Jet Industry Analysis 2012-2012:Industry Trend, Profit and Forecast Analysis.” This report discusses the qualitative and quantitative measures of the industry, the current manufacturers and their recent products, economic growth, level of corporate profits, and globalization of trade that impact the industry dynamics.
The industry went through a strenuous period as the demand for business jets is largely motivated by company profits. The market witnessed a severe downfall in the global economy in the year 2009. Another notable reason is that developing countries such as India and China have a very low number of business jets compared to their economy and country size, which hampers the business jet penetration.
Despite these challenges, there are bright spots on the horizon for the business aviation manufacturing community. Though certain key regions struggled with hefty debts due to deepening economic crisis, some countries have begun to emerge from global financial lows, which drive the projected GDP growth recovery in 2012, motivating the business jet market. In the business aviation industry, rising order backlog and decreasing supply of pre-owned aircraft also add up to potential and acts as a driver for demand of new jets in the coming years.
The global business jet market is anticipated to witness growth led by increasing demand from emerging economies, recovering from global downturn and increasing corporate profits. This Industry research report provides the industry leaders brief description of the new aircraft programs, fractional and branded chartered demand, and jet penetration in the emerging markets such as China and India.
For a detail table of contents and pricing information on these timely, market reports, contact Lucintel at +1-972-636-5056 or via email at firstname.lastname@example.org. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight and cost efficiency.
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