Jetcraft’s latest industry outlook focuses solely on the pre-owned market, delivering a precise, comparative and quantified look at business aviation post-Covid-19. For the first time, this year’s forecast includes trends from Jetcraft’s past transactional data and customer insights, offering a unique exploration of buyer behavior to determine how transaction value and volume will be shaped during the coming five years.
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Business aircraft sales totalled over $26B in 2018 and are forecast to reach $30B per annum by 2023.
The business aviation fleet is predicted to grow by 12.1% over the next 5 years for a total of 22,211 aircraft.
Growth in the pre-owned value proposition and increased demand for out-of-production aircraft are occurring due to easier, more accessible and less costly refurbishment options.
All in-development aircraft programs formally announced by manufacturers are exclusively Midsize and up.