THE NEXT FIVE YEARS OF THE BUSINESS JET MARKET – SIMPLIFIED.

The Global Jet Capital Business Jet Market Outlook summarizes the outputs of our proprietary transaction forecast model covering the period of 2024 through 2028. It reflects our projection of future activity in the business jet market in both the new and pre-owned segments across different geographies.

The business jet transaction market shrank in 2023 as OEMs continued to deal with supply chain and labor constraints and the pre-owned market continued to normalize from a historically strong 2021. Despite some headwinds in 2024, the business jet market remains resilient, and we forecast steady growth over the next five years. 

Forecast Highlights:

• Total new and pre-owned business jet transaction unit volume is forecast to increase 5.3 percent in 2024 as OEMs increase production to meet large backlogs and the pre-owned market continues long-term growth trends.
• After years of strong order intake and deliveries limited by supply chain and labor constraints, backlogs at major business jet OEMs are significantly higher than they were prior to COVID-19.
• After a couple of years of declines, pre-owned transactions are expected to return to a more typical growth pattern in 2024.
• North America is forecast to continue to be the largest market for both new and pre-owned business jets, making up 76.3 percent of the total market. 
  

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 2024 – 2028 Forecast