Director, Public Relations and Communications
Bombardier Business Aircraft released its 10-year forecast for the private aviation market at the European Business Aviation Convention and Exhibition (EBACE) in Geneva. This year’s edition highlights the impact of market trends and global economic conditions on business aviation market demand.
In its annual market forecast released today, Bombardier Business Aircraft predicts up to 8,300 new business jet deliveries representing approximately $250 billion US in industry revenues from 2016 to 2025 in the segments in which it competes. Significant growth is expected in the long term, with larger aircraft continuing to dominate the market. As growth eventually returns in emerging regions, Bombardier is confident the business jet market will pick up as the popularity of private aviation continues to increase every year.
“This annual forecast identifies longer-cycle trends that we use in our own strategic decisions, enabling us to react quickly and efficiently to constant market changes,” said Jean-Christophe Gallagher, Vice President, Strategy, Marketing, and Innovation, Bombardier Business Aircraft. “We have built our leadership position in aviation by continuously monitoring the market and making proactive business decisions based on macroeconomic analyses and our industry expertise,” he added.
Bombardier Business Aircraft expects North America will account for the greatest number of new business jet deliveries between 2016 and 2025 with 3,930 aircraft, followed by Europe, which remains the second largest market with 1,530 deliveries expected between 2016 and 2025.
Bombardier Business Aircraft continues to invest in innovative and efficient business aircraft solutions and new aircraft development programs, including the Global 7000 and Global 8000 aircraft. As an important driver for business jet growth, new aircraft programs ensure Bombardier Business Aircraft is well positioned to meet market demand.
Bombardier, Global, Global 7000, Global 8000 and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.
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With 68,000 employees across four business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.
Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2018, Bombardier posted revenues of $16.2 billion US. News and information are available at bombardier.com or follow us on Twitter @Bombardier.