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Oct 01, 2020 (Market Insight Reports) —
The Global GCC Business Jet Market Research Report 2020-2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
The GCC Business Jet Market is expected to register a CAGR of over 2% during the forecast period.
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https://www.marketinsightsreports.com/reports/07202152830/gcc-business-jet-market-growth-trends-and-forecasts-2020-2025/inquiry?source=MW&mode=74
Key Market Players:
Airbus SE, The Boeing Company, Bombardier Inc., Dassault Aviation SA, Embraer SA, Gulfstream Aerospace Corporation, Textron Inc., Empire Aviation Group, DC Aviation Al-Futtaim, Falcon Aviaton, Royal Jet, EXECUJET AVIATION GROUP, SAUDIA PRIVATE AVIATION (SPA), Qatar Executive, VistaJet and Other
Key Market Trends
>5000 Nm Segment Held the Largest Market Share in 2019
In segmentation by range, the over 5000 Nm segment held the largest market share in 2019. In the GCC countries, the business jet fleet has a large share of long-range jets, which fall under this segment. The main reason for this is the higher purchasing power of the customers for large, sophisticated jets and the geographical location of the region, which requires long-range jets for intercontinental travel to countries in North America, South America, Europe, and Asia-Pacific regions. Long-range business jet models from the Bombardier Global family, the larger Gulfstream aircraft, and Boeing Business Jets have witnessed an increase in sales in the region in the last three years, and the revenues for the MRO providers are also highest from this segment, due to the presence of a large fleet. Seven business jets were delivered to the GCC countries in 2019, out of which five are long-range business jets, comprising of four Gulfstream aircraft and one Boeing Business Jet aircraft. Such a higher demand for long-range business jets is expected to continue from the region owing to the aforementioned factors.
Government Initiatives and Investments in Airport Infrastructure Supporting the Growth of the Market
Though the market for business jets has remained lucrative in the region in the past decade, countries like Oman, Kuwait, and Bahrain had seen a relatively lower procurement and flight activity for private jets, mainly due to the space and infrastructure constraints for private operators. However, governments are now formulating several initiatives that are bolstering the infrastructure enhancement activities in these countries. Aviation infrastructure development projects in countries like Oman, Kuwait, and Bahrain are facilitating more space for private jet FBOs and MRO providers, and charter providers are utilizing this opportunity to add more routes into these countries. The growing aviation opportunities in these countries have led to the emergence of several new players recently. For instance, Oman’s National Aviation Strategy 2030 aims to spur a six-fold increase in aviation contribution to GDP in the next decade through various infrastructure developments. The country also witnessed the emergence of business jets charter startups like Salalah Air (Salalah) and Al Sharqiya Aviation in the recent past. At the same time, in Saudi Arabia, where the business jet activity is the highest in the GCC, the airport expansion projects at both the Riyadh and Jeddah airports are expected to allow for more space for private jets, helping the local MRO and FBO providers. Thus, the growth in investments in aviation infrastructure is expected to bolster the market prospects during the forecast period.
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https://www.marketinsightsreports.com/reports/07202152830/gcc-business-jet-market-growth-trends-and-forecasts-2020-2025?source=MW&mode=74
The market factors explained in the report:
Market Overview: It includes the GCC Business Jet Market study scope, top key players, segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.
Executive Summary: The GCC Business Jet Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Regional Study: All of the regions and countries analyzed in the GCC Business Jet Market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.
Key Players: This part of the GCC Business Jet Market report discusses expansion plans of companies, key mergers and acquisitions, funding and investment analysis, company establishment dates, revenues of manufacturers, and their areas served and manufacturing bases.
Market Forecast: Here, the report offers a complete forecast of the global GCC Business Jet Market by product, application, and region. It also offers global sales and revenue forecasts for all years of the forecast period.
The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– 3 months of analyst support
Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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