October 12, 2016
Ten-year forecast predicts ongoing challenges in emerging markets with continued North America dominance; Gulfstream projected to top OEM revenues with Pratt & Whitney Canada taking top spot for engine OEMs.
OCTOBER 12, 2016 (Raleigh, NC) – Jetcraft, the leader in business aircraft sales, marketing and ownership strategies, today released its second annual business aviation market forecast. The 2016 report calls for 7,879 unit deliveries representing $248 billion in revenues (based on 2015 pricing) to be realized over the next 10 years.
The forecast also examines key macroeconomic trends – a slowdown in wealth creation, the migration of ultra-high net worth individuals (UHNWIs) from emerging market economies and the fluctuation of oil prices – and evaluates the impact such factors will have on the business aviation sector througout the coming decade. Overall, this year’s predictions are lower than last year’s report in terms of deliveries and revenues. Yet, despite challenges, there are bright spots on the horizon led chiefly by continued growth of the North America market.
“Last year, we highlighted the unpredictability of our industry since 2008, and the impact of global events during the past 12 months have certainly continued this trend,” said Jetcraft’s Chairman Jahid Fazal-Karim. “As global factors continue to influence the business aviation market, we are uniquely positioned—through our 20+ offices worldwide—to qualitatively test our forecast’s assumptions and the impact of these global factors on the ground, providing a cumulative view that joins our analysis with real-world business transactions, ” he added.