Please Wait.....
Report
Europe Business Jet - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2016 - 2029
Market Report I 2024-02-17 I 90 Pages I Mordor Intelligence
The Europe Business Jet Market size is estimated at USD 4.67 billion in 2024, and is expected to reach USD 5.59 billion by 2029, growing at a CAGR of 3.66% during the forecast period (2024-2029).
Key Highlights
-Largest Market by Body Type - Large Jet : The increasing popularity of large jets due to their comfort, convenience, and ability to travel long distances is projected to drive the demand for large jets in the region.
-Fastest-growing Market by Body Type - Light Jet : Regional air travel and the capability to access remote airports/locations are making light jets more attractive to customers, therefore driving their demand in the market.
-Largest Market by Country - Germany : The procurement of large jets by various companies or individuals across different sectors is driving the market's growth in the country.
Europe Business Jet Market Trends
Large Jet is the largest Body Type
- Business jet deliveries in Europe were affected during the COVID-19 pandemic, registering a decline of 17.5% in 2020 compared to 2019. The global travel restrictions and limited passenger travel affected the procurement of business jets, thus negatively impacting the growth of the European business jet market during the pandemic.
- However, the recovery of business aviation in 2021 was more sustained compared to 2020. Major leisure destinations recorded significant growth in flight activity and passenger traffic, indicating the substantial contribution of leisure to business aviation. The growth was inconsistent across the year, as several months in 2021 saw a drop in demand compared to 2019. This growth is expected to improve in 2022 with the opening of more routes.
- European business jet demand surged by 53% in January 2022 compared to January 2021. In 2020, the recovery of the European business aviation sector was better than the commercial aviation sector, which declined by around 74% compared to 12% in business aviation.
- In 2021, Bombardier became the leading OEM in terms of business jet deliveries with 36 aircraft, followed by Embraer, Pilatus, Cessna, Gulfstream, and CIRRUS, with 21, 17, 15, and 10 deliveries, respectively.
- In terms of overall operational fleet size, Cessna was the leading OEM, with 30% of the current operational fleet size, followed by Bombardier and Dassault, with 23% and 14%, respectively, in the European business jet fleet as of July 2022. The surge in UHNWI individuals in the region is expected to aid the business jet segment in the region. Around 200+ aircraft are expected to be delivered during 2022-2028.
Germany is the largest Country
- Currently, Europe accounts for around 12% of the global business jet fleet, with Germany leading the region with 18% of the total European business jet fleet, followed by the United Kingdom and France, with around 11% and 10%, as of August 2022. The COVID-19 pandemic adversely impacted business jet deliveries in the region, with a decline of 17.5% in 2020. There has been a shift toward private flying as a safer mode of transportation among the HNWI population in the region, aiding in procuring business jets.
- In 2021, air charter service providers witnessed high demand in the European region and a surge in new memberships for business aviation. In 2021, major Europe-based air charter service provider Vistajet registered a growth of around 53% in new memberships during the first half of 2021 compared to 2020. Of the new memberships, more than 50% belong to the European region.
- The summer of 2021 saw 90,000+ business aviation flights, of which 38% and 15% were completed by light jets and mid-size jets, respectively. According to the major European charter service providers, demand increased significantly toward the end of 2021 and managed to surpass 2019 pre-pandemic traffic levels. Business aviation traffic has been approximately 20-30% more than in 2019 since August 2021. Due to such strong demand, charter jet service companies are expanding their fleets to meet the growing demand.
- For instance, in July 2021, Flexjet, part of the Directional Aviation family, received an Air Operator Certificate (AOC) for Malta as part of its European expansion. The aircraft operator increased its European fleet by 40% in the first half of 2021.
Europe Business Jet Industry Overview
The Europe Business Jet Market is fairly consolidated, with the top five companies occupying 91.27%. The major players in this market are Bombardier Inc., Dassault Aviation, Embraer, General Dynamics Corporation and Textron Inc. (sorted alphabetically).
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 EXECUTIVE SUMMARY & KEY FINDINGS
2 REPORT OFFERS
3 INTRODUCTION
3.1 Study Assumptions & Market Definition
3.2 Scope of the Study
3.3 Research Methodology
4 KEY INDUSTRY TRENDS
4.1 High-Net-Worth Individual (HNWI)
4.2 Regulatory Framework
4.3 Value Chain Analysis
5 MARKET SEGMENTATION
5.1 Body Type
5.1.1 Large Jet
5.1.2 Light Jet
5.1.3 Mid-Size Jet
5.2 Country
5.2.1 France
5.2.2 Germany
5.2.3 Italy
5.2.4 Netherlands
5.2.5 Russia
5.2.6 Spain
5.2.7 UK
5.2.8 Rest Of Europe
6 COMPETITIVE LANDSCAPE
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles
6.4.1 Bombardier Inc.
6.4.2 Cirrus Design Corporation
6.4.3 Dassault Aviation
6.4.4 Embraer
6.4.5 General Dynamics Corporation
6.4.6 Pilatus Aircraft Ltd
6.4.7 Textron Inc.
7 KEY STRATEGIC QUESTIONS FOR AVIATION CEOS
8 APPENDIX
8.1 Global Overview
8.1.1 Overview
8.1.2 Porter's Five Forces Framework
8.1.3 Global Value Chain Analysis
8.1.4 Market Dynamics (DROs)
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security