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Bombardier Business Aircraft released its 10-year forecast for the private aviation market at the European Business Aviation Convention and Exhibition (EBACE) in Geneva. This year’s edition highlights the impact of market trends and global economic conditions on business aviation market demand.
In its annual market forecast, Bombardier Business Aircraft predicts up to 8,300 new business jet deliveries representing approximately US$250 billion in industry revenues from 2016 to 2025 in the segments in which it competes. Significant growth is expected in the long term, with larger aircraft continuing to dominate the market.
As growth eventually returns in emerging regions, Bombardier is confident the business jet market will pick up as the popularity of private aviation continues to increase every year.
“This annual forecast identifies longer-cycle trends that we use in our own strategic decisions, enabling us to react quickly and efficiently to constant market changes,” said Jean-Christophe Gallagher, vice president of strategy, marketing, and innovation, Bombardier Business Aircraft. “We have built our leadership position in aviation by continuously monitoring the market and making proactive business decisions based on macroeconomic analyses and our industry expertise.”
Bombardier Business Aircraft expects North America will account for the greatest number of new business jet deliveries between 2016 and 2025 with 3,930 aircraft, followed by Europe, which remains the second largest market with 1,530 deliveries expected between 2016 and 2025.
Bombardier Business Aircraft continues to invest in innovative and efficient business aircraft solutions and new aircraft development programs, including the Global 7000 and Global 8000 aircraft. As an important driver for business jet growth, new aircraft programs ensure Bombardier Business Aircraft is well positioned to meet market demand.
