THE NEXT FIVE YEARS OF THE BUSINESS JET MARKET—SIMPLIFIED

This expansive forecast contains projections through 2027 for the business jet market, including new deliveries and pre-owned transactions. The report contains a high level of detail based on outputs generated by Global Jet Capital’s proprietary forecast model. Global Jet Capital projects $195 billion in total transaction volume of new and pre-owned transactions between 2023 and 2027. 

Forecast Highlights:

• Total new and pre-owned business jet transaction unit volume is forecast to decrease 2.6 percent in 2023 as pre-owned transactions continue to normalize from the all-time high volume seen in 2021. However, the increase in new deliveries and growing demand for larger jets should result in a 1 percent increase in transaction dollar volume.
• Following a strong 2021, major aircraft manufacturers continued to report strong order intake in 2022. At the same time, supply chain constraints continued to limit production. The combination resulted in increased backlogs. Most manufacturers plan to increase production over the next few years as a result. New deliveries are expected to increase 6.3 percent in 2023, while new delivery dollar volume should increase 12.2 percent. Over the next five years, new deliveries are forecast to grow at a compound annual growth rate (CAGR) of 4.6 percent and dollar volume should grow at a CAGR of 6.4 percent. 
• Pre-owned transactions are expected to continue declining in 2023 as they did in 2022. Unit volume is forecast to decline 4.8 percent while dollar volume is forecast to decline 8.5 percent. Continued market demand, however, should lead to more pre-owned deliveries over the next five years. Pre-owned transactions are expected to increase at a CAGR of 2.5 percent, with dollar volume remaining stable over that time. 
• 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. 

The new market forecast includes granular insights into transaction unit and dollar volume for new and pre-owned aircraft across geographical market segments, projected new deliveries across size classes, and original equipment manufacturer (OEM) activity that round out this detailed picture of the coming years.

Download the 2023 - 2027 Forecast: https://www.globaljetcapital.com/forecast-2023?utm_source=BJT+Waypoints&utm_medium=display&utm_campaign=BJT+Waypoints