Jetcraft Forecasts Moderate Bizjet Market Growth
Business aircraft market still depends on North America for growth, as emerging markets continue to disappoint.
According to a new 10-year business jet forecast from Jetcraft, 8,755 new aircraft worth $271.1 billion will be delivered between 2015 and 2024. Annual delivery totals are set to rise at a compound annual growth rate (CAGR) of 7.5 percent to a peak of 1,127 in 2021 from 735 aircraft this year. In terms of units and revenue, ultra-long-range jets such as the Gulfstream G650 are expected to command the lion’s share. (Photo: Gulfstream Aerospace)
According to a new 10-year business jet forecast from Jetcraft, 8,755 new aircraft worth $271.1 billion will be delivered between 2015 and 2024. Annual delivery totals are set to rise at a compound annual growth rate (CAGR) of 7.5 percent to a peak of 1,127 in 2021 from 735 aircraft this year. In terms of units and revenue, ultra-long-range jets such as the Gulfstream G650 are expected to command the lion’s share. (Photo: Gulfstream Aerospace)