Global Business Jet Market - 2018-2026 - Market Dynamics, Competitive Landscape, OEM Strategies & Plans, Trends & Growth Opportunities, Market Outlook - Gulfstream, Bombardier, Dassault, Embraer, Textron Aviation
Global Business Jet market has been on the resurgence path while facing headwinds in a difficult & challenging market environment. The industry, however, has shown tremendous resilience over the past decade with portfolio refresh through new product introductions, reinforcement of presence across key markets & regions and services portfolio expansion having been the key focus areas for industry OEMs in a difficult demand environment. The industry, however, is inching towards a resurgence as indicated by an improvement in order intake & aircraft deliveries by the industry OEMs for 2018, with the book to bill ratios across OEMs reaching parity level accompanied by amelioration in order backlog position along with stabilization of inventory & prices in the used jets market. The aircraft utilization levels across most operators & users, however, remain at a pretty good level, thereby, driving the requirements & revenues from aircraft service & aftermarket activity for the industry. Further, regulatory mandates, like the FAA’s upcoming ADS-B requirement and other aircraft upgrades are likely to drive the aircraft modernization & upgrade activity over near term while driving some replacement demand as well, translating into an overall fillip for the industry value chain.
The Introduction of a string of new business jet programs, which have just entered service in late 2018 and are likely to enter service in 2019 & 2020, led by Gulfstream’s G500 & Bombardier’s Global 7500; are likely to stimulate demand growth over near term. Additionally, the market dynamics for business jets are likely to witness a major transformation with the era of supersonic business jets likely to become a reality towards the middle 2020s with a number of industry OEMs working on the development of supersonic business jets with active pursuit of R&D towards development of a range of supersonic flight technologies. The developments on the Urban Aerial Mobility front, too, are likely to present a key challenge to traditional general aviation segment in future, especially, Light Business Jets, as the industry enters one of its most disruptive phases ever. However, the ongoing spate of trade wars poses a serious threat to world economic growth rate with the IMF already projecting a slowdown in world GDP growth rate for 2019 & 2020.
The industry’s expectation for a long awaited breakout of demand growth from the typical range bound movement; which has become the new normal for the industry; is likely to be missed in 2019 as well with the recent onset of trade wars posing a significant threat to the ongoing global economic recovery itself and the spike in global crude oil prices & input costs challenging & putting pressure on profitability. How adroitly the industry players navigate this labyrinth, marked by policy uncertainty, rising input & operating costs amid a pitched battle over tariffs, while holding their ground & adapting to situations will prove to be decisive going forward.
Against this backdrop, the report analyses & provides comprehensive insights into the Global Business Jet Market with focus on a blend of quantitative & qualitative analysis. The part 1 of the report takes a look at the current Market Size, Dynamics & Competitive Landscape for Business Jets. Part 2 provides detailed analysis on Business Jet Manufacturers, including, Comprehensive Analysis of Key Strategies & Plans, product portfolio & financial analysis and SWOT analysis. Part 3 projects market evolution for Business Jets over long term with analysis of emerging market scenario, demand growth projections through 2028, key market & technology trends, issues & challenges, potential growth opportunities and demand outlook for Business Jets over the next decade.
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