With 4.5% CAGR, Business Jet Market Growth to Surpass USD 41.4 Billion By 2032 | Allied Market Research
PORTLAND, OREGAON, UNITED STATES, November 21, 2023 /EINPresswire.com/ -- As per the report, the global market size for business jets is estimated to grab $41.4 billion by 2032. The industry has garnered $26.8 billion in 2022 and would cite the fastest growth with 4.5% CAGR during the forecast period of 2023 to 2032. Allied Market Research has recently published a report, titled, "Business Jet Market by Type (Very Light Jets, Light Jets, Medium Jets, Heavy Jets), by Category (New, Pre-owned): Global Opportunity Analysis and Industry Forecast, 2023-2032".
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/7488
๐๐ซ๐-๐จ๐ฐ๐ง๐๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ ๐ซ๐๐ ๐ญ๐ก๐ ๐ฅ๐ข๐จ๐งโ๐ฌ ๐ฌ๐ก๐๐ซ๐ ๐๐ฒ ๐๐๐๐
By category, the pre-owned segment was the largest revenue contributor in 2022, held the highest share of more than half of the global business jet market and is estimated to rule the roost from 2023 to 2032. This is because the pre-owned jets are extremely popular owing to their low cost, hence individuals can benefit from private jet journeys without any large initial investment. Additionally, while comparing with new business jets, pre-owned jets provide a rapid acquisition procedure.
๐๐ก๐ ๐ก๐๐๐ฏ๐ฒ ๐ฃ๐๐ญ๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ฒ ๐๐๐๐
Based on type, the heavy jets segment held the highest market share of nearly one-third of the global business jet market size in 2022 and is projected to lead the trail from 2023 to 2032. Heavy jets may travel at high speeds across the world. They are gaining momentum as the highest range private jets with huge cabins that provide great comfort.
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐ซ๐๐ ๐ข๐จ๐ง ๐ญ๐จ ๐๐ฑ๐ฉ๐๐ซ๐ข๐๐ง๐๐ ๐ญ๐ก๐ ๐ฌ๐ข๐ ๐ง๐ข๐๐ข๐๐๐ง๐ญ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
The regional analysis in the report indicates that the North America region grabbed the highest share of nearly half of the global business jet market in 2022 and is estimated to lead the supremacy in terms of revenue from 2023 to 2032. The growth is attributed to the constant R & D activities in the U.S. in the sector of Noice-cancelling devices. Additionally, technological advancements in eVTOL (electric Vertical Takeoff and Landing) aircraft may enhance urban transportation by improving travel duration.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/business-jet-market/purchase-options
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
Honda Aircraft Company, LLC
Bombardier Inc.
Dassault Aviation
Pilatus Aircraft Ltd.
Gulfstream Aerospace Corporation
Textron Aviation Inc.
Cirrus Aircraft, LLC
Airbus
The Boeing Company
Embraer
The report offers a comprehensive analysis of the global business jet market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also highlights the present scenario and upcoming trends & developments that are contributing toward the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porterโs five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/7488
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :
๐๐๐ซ๐ซ๐ข๐๐ซ ๐๐จ๐๐ค๐๐ญ ๐๐๐ซ๐ค๐๐ญ : https://www.prnewswire.com/news-releases/carrier-rocket-market-to-reach-25-42-billion-globally-by-2030-at-11-9-cagr-allied-market-research-301355698.html
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐๐ญ ๐๐๐ซ๐ค๐๐ญ : https://www.globenewswire.com/en/news-release/2023/07/11/2702341/0/en/Regional-Jet-Market-to-Reach-10-6-Billion-Globally-by-2032-at-6-4-CAGR-Allied-Market-Research.html
David Correa
Allied Market Research
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