Global Jet Capital, a global leader in financial solutions for business aircraft, released its five-year Business Jet Market Forecast reporting continued growth for the period. First introduced in 2021, the updated report contains insights and projections for the business aviation market through 2026, including new deliveries and pre-owned transactions. The report contains a high level of detail based on outputsgenerated byGlobal Jet Capital’s proprietary transaction forecast model.
“If you are active in the business aviation environment, you recognise that despite the continuing negative effect of COVID-19 on world health and various business sectors, its effect on business aviation has been altogether different. The pandemic more broadly socialised a value proposition those of us in the business aviation industry have always understood. It’s the unique value proposition of business aviation, supported by a mature industry demonstrating balanced supply and demand dynamics, that will support sustainable growth for the foreseeable future,”stated Andrew Farrant, Chief Marketing Officer.
Based on its model, Global Jet Capital projects $186.8 billion in total transaction volume of new and pre-owned transactions between 2022 and 2026, with a compound annual growth rate of 5.1 percent during that time.
The report also forecasts heavy and medium jet demand should increase at faster rates than other size categories. North America will remain the largest business jet market over the next five years with Europe being second largest market. Additionally, Latin America will be an important pre-owned market.