Analyst: Better Times Ahead For Bizjet Market | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne Unmanned-
Alt. Wednesdays

Airborne Flight Training-Alt. Wednesdays

Airborne Unlimited-
Friday

Airborne Special Programs!
Airborne-YouTube Airborne Unlimited--11.23.20 Airborne-Unmanned--11.18.20   Airborne-Flight Training--11.04.20 Airborne Unlimited--11.20.20  The 2020 Avionics Innovation Preview!

Airborne On ANN

Airborne Unlimited--11.23.20

Airborne-Unmanned--11.18.20

Airborne-Flight Training--11.04.20

Airborne Unlimited--11.20.20

Airborne's Annual April 1st Episode

Tue, Dec 06, 2011

Analyst: Better Times Ahead For Bizjet Market

Study Predicts Nearly 11,000 Jets Will Be Built By 2020

In a new study "The Market for Business Jet Aircraft," Connecticut-based market research firm Forecast International predicts that 10,907 business jets will be produced between 2011 and 2020. The value of this production is estimated at $230.3 billion in constant 2011 U.S. dollars. The study projects that business jet production will resume growing in 2012, after declining each of the previous three years.

Cessna Citation M2

According to FI Senior Aerospace Analyst Raymond Jaworowski, "Business jet production in 2012 will show some minor improvement over 2011, but more substantial growth in build rates will have to wait until 2013." Production is forecast to total 728 units in 2012, signaling the start of a gradual, though potentially long-lasting, market recovery. The anticipated recovery is expected to be quite measured in its pace, with the 2008 production total of 1,313 business jets not expected to be reached until the year 2018.

Manufacturers have a number of new business jets in development. These range from the Cessna Citation M2 light jet up to ultra-long-range models such as the Bombardier Global 7000 and 8000 and the Gulfstream G650. The manufacturers are hoping that the new models will not only benefit from the improved market conditions expected in the future, but also contribute to the recovery themselves by stimulating demand.

The worst of the industry downturn is over, but much of the business jet market remains sluggish, especially the light and medium jet segments of the market. Demand is considerably stronger at the top end of the market, in the large-cabin and long-range sectors. This tale of two markets will not continue indefinitely, however.

Gulfstream G650

In the meantime, other indices look promising, as business aircraft utilization is up and the market for used business jets has stabilized. Economic growth has returned, though it remains weak in key regions such as the U.S. and Europe. Corporate profits, a key leading indicator of future business jet demand, are strong.

Forecast International's market forecast indicates that the top three business jet manufacturers in unit production during the 2011-2020 timeframe will be Cessna, Embraer, and Bombardier. When the market is measured in monetary value of production, the top three companies are projected to be Gulfstream, Bombardier, and Dassault.

FMI: www.forecastinternational.com

Advertisement

More News

ANN's Daily Aero-Linx (11.23.20)

Aero Linx: The Canadian Sport Parachuting Association (CSPA) The Canadian Sport Parachuting Association (CSPA), through affiliation with the Aero Club of Canada (ACC), is Canada&rs>[...]

Klyde Morris (11.23.20)

Klyde Knows That Even An Airplane Can't Help You Escape The Pandemic... FMI: www.klydemorris.com>[...]

Aero-News: Quote of the Day (11.23.20)

“What the team achieved today in recovering Electron’s first stage is no mean feat. It took a monumental effort from many teams across Rocket Lab, and it’s exciti>[...]

Airborne-Unmanned 11.18.20: DJI AGRAS T20, DoT BEYOND, Workhorse TC App

Also: Autel and DroneSense, Pennsylvania CAP Wing, Airspace Link, Beringer Aero DJI is aiming at the farming market with its latest agriculture drone, the DJI AGRAS T20. This agric>[...]

Aero-News: Quote of the Day (11.24.20)

"The development of airworthy, durable, and reliable unmanned aircraft is a crucial step forward for this innovative sector. Type certification will help increase both public and r>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2020 Web Development & Design by Pauli Systems, LC