Next 10 Years Predicted To Outpace Previous Decade On Both Units And Revenues
Jetcraft has released its fourth annual 10-year business aviation market forecast. The annual market forecast reaffirms that steady growth in the private jet industry is set to continue, with predictions of 8,736 unit deliveries over the next 10 years, representing $271 billion in revenues (based on 2018 pricing). North America will once again take the lead, accounting for 60% (5,241) of predicted new unit deliveries over the forecast period, with Europe expecting 18% (1,572), and Asia-Pacific 13% (1,136).