Global Jet Capital has released its five-year Business Jet\nMarket Forecast reporting continued growth for the period. First introduced in\n2021, the updated report contains insights and projections for the business\naviation market through 2026, including new deliveries and pre-owned\ntransactions. The report contains a high level of detail based on outputs\ngenerated by Global Jet Capital\u2019s proprietary transaction forecast model. <\/p>\n\n\n\n
\u201cIf you are active in the business aviation environment, you\nrecognize that despite the continuing negative effect of COVID-19 on world\nhealth and various business sectors, its effect on business aviation has been\naltogether different. The pandemic more broadly socialized a value proposition\nthose of us in the business aviation industry have always understood. It\u2019s the\nunique value proposition of business aviation, supported by a mature industry\ndemonstrating balanced supply and demand dynamics, that will support\nsustainable growth for the foreseeable future.\u201d Andrew Farrant, Chief Marketing\nOfficer, stated.<\/p>\n\n\n\n
Based on its model, Global Jet Capital projects $186.8\nbillion in total transaction volume of new and pre-owned transactions between\n2022 and 2026, with a compound annual growth rate of 5.1 percent during that\ntime.<\/p>\n\n\n\n
The report also forecasts heavy and medium jet demand should\nincrease at faster rates than other size categories. North America will remain\nthe largest business jet market over the next five years with Europe being\nsecond largest market. Additionally, Latin America will be an important\npre-owned market. <\/p>\n\n\n\n