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Global Business Jet Market: Highly Correlated to Corporate Profits
Date: 2 May 2018

Business Jets are classified under commercial jets. Business jets or private airplanes can be used for business purposes as well as for transporting small group of people, evacuation in case of casualties and for express parcel deliveries. These days, fractional jets is being greatly used in connection to business aircrafts. These air crafts are classifies as per their sizes. The broad classification of these jets is; heavy jets, medium sized business jets and light jets.


With economic activity picking up globally, along with increase in business investments and corporate profits, the demand for business jets has increased at par with it. North America is the largest market for business jets both in terms of overall fleet count and deliveries. The region has large strong domestic business investments and sustained consumer spending, which in turn derives the demand for business jets.


Business jets market is highly cyclical in nature and it vastly affects the revenues of the major players in the market. Heavy jets are demanded the highest because it has large space and many options, making it convenient among the businessmen to conduct meetings. Global business jets market has been driven globalization of trade and new aircrafts programs being undertaken by majority of the governments.


Global business jet market is expected to see high growth owing to factors such as rise in corporate profits, increased in number of billionaires, and growing GDP. Improving economic conditions would further drive the market growth. The major trends of the market includes industry consolidations and increased focus on research and development (R&D). The competitive landscape in the market is highly consolidated with majority of the market share being owned by top four players.


The research report, “Global Business Jet Market: Industry Analysis & Outlook: 2018 Edition” by Koncept Analytics provides an extensive research and detailed analysis of the market performance at present and future outlook of the global and regional market.


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