Total new and pre-owned business jet transaction unit volume is forecast to increase 5.3 percent in 2024 as OEMs increase production to meet large backlogs and the pre-owned market continues long-term growth trends.
After years of strong order intake and deliveries limited by supply chain and labor constraints, backlogs at major business jet OEMs are significantly higher than they were prior to COVID-19.
After a couple of years of declines, pre-owned transactions are expected to return to a more typical growth pattern in 2024.
North America is forecast to continue to be the largest market for both new and pre-owned business jets, making up 76.3 percent of the total market.
