The next five years of the business aircraft market – Simplified.
Global Jet Capital releases its exclusive forecast to provide you with greater insight into the new delivery and pre-owned transaction market.
- Overall, total new and pre-owned business jet transaction unit volume are forecast to decrease 8 percent in 2022 as pre-owned transactions take a step back from all-time high volumes seen in 2021. However, the increase of new deliveries and growing demand for larger jets should drive a 3 percent increase in transaction dollar volume, despite the decrease in overall transaction counts.
- Major aircraft manufacturers reported strong order intake during 2021, resulting in increasing backlogs. As a result, most manufacturers plan to increase production over the next few years. New deliveries are expected to increase 7 percent in 2022, while new delivery dollar volume should increase 16 percent. Over the next five years, new deliveries are forecast to grow at a compound annual growth rate (CAGR) of just over 4 percent and dollar volume should grow at a CAGR of just under 8 percent.
- Following substantial increases in 2021, pre-owned transactions are forecast to decline by 11 percent in 2022, with pre-owned transaction dollar volume declining by 10 percent. An uptick in new deliveries, a continued normalization of markets, and a lack of options in pre-owned inventories should drive the decline. However, continued market demand should increase pre-owned deliveries over the next five years. Pre-owned transactions are expected to increase at a CAGR of just under 1 percent with dollar volume growing at a CAGR of over 2 percent.
- North America is forecast to continue to be the largest market for both new and pre-owned business jets, making up 77 percent of the total market. Europe is also an important market and Latin America will remain a significant market for pre-owned aircraft.
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