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Annual Industry Dossier - Global Business Aviation Industry - 2013-2014 - Key Trends, Strategic Insights, Issues & Challenges, SWOT, Force Field Analysis & Strategic Outlook

Global business aviation market: $19 billion industry estimated during 2012


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2014-04-04 15:11:04 - Annual Industry Dossier - Global Business Aviation Industry - 2013-2014 - Key Trends, Strategic Insights, Issues & Challenges, SWOT, Force Field Analysis & Strategic Outlook - a new market research report on companiesandmarkets.com

The global business aviation industry has been treading cautiously on the recovery path over the recent years since the global economic meltdown of 2008 registered a 3.4% decline in aircraft deliveries to 672 units as well as a moderate drop in industry billing to $18.9 billion for 2012, amid the difficult & uncertain economic conditions prevailing across traditional markets with the ongoing recovery attributable primarily to & spearheaded by new product introductions by all key global OEMs of-late incorporating cutting-edge technologies delivering enhanced performance features as well as optimized aircraft operating economics aimed at overcoming demand inertia for new aircraft sales emanating from the macro-environmental uncertainty across traditional markets.

For H1 2013, the general aviation industry, for the time, crossed

 

 

the cumulative billing mark of $10 billion since the global economic crisis of 2008 with a 25% increase in overall industry billings, as per GAMA. However, business jet deliveries declined by 4% in H1 2013 to 283 aircrafts despite a 9% growth in cumulative aircraft shipments. Further, Gulfstream´s rise to the top, surpassing Bombardier in terms of value of cumulative deliveries, has been one of the most striking feature for the first half of the year driven by Gulfstream´s 63% increase in aircraft deliveries during H1 2013 emanating from bolstering of overall production capacity.

The global macroeconomic environment continues to be uncertain with the U.S. economy continuing to tread fastidiously on its recovery path; the Euro-zone debt crisis refusing to abate & the efforts underway across most emerging markets to stoke up economic growth momentum with a slight shift in overarching focus from merely combating inflation to adoption of a more balanced approach.

The OEMs, in the meanwhile, are working significantly towards building capacity for a potential demand spurt anticipated during the later part of the present decade, developing new platforms & technologies, strengthening and extending global sales, service & support infrastructure with a strong focus on the Asia-Pacific region and looking optimistically at the opening of Chinese low altitude air space as the potential window of opportunity to drive growth over near to medium term, especially, with the industry projected to register strong growth during the second half of the current decade led by significant demand for new aircrafts likely to emanate from the Asia-Pacific region.

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