The Global Jet Capital Business Jet Market Outlook summarizes the outputs of our proprietary transaction forecast model covering the period of 2025 through 2029. It reflects our projection of future activity in the business jet transaction market in both the new and pre-owned segments across different geographies.
The business jet transaction market grew in 2024 as OEMs made progress resolving supply chain and labor constraints (although more work needs to be done), and the pre-owned market recovered after a period of rebalancing. With expectations for steady economic growth, gradual improvement to supply chains, and a normalizing pre-owned market, we project business jet transactions will grow over the next five years.
- Total new and pre-owned business jet transaction unit volume is forecast to increase 8.3 percent in 2025. Transaction dollar volume should increase at a rate of 6 percent in 2025.
- After years of strong order intake and deliveries limited by supply chain and labor constraints, backlogs at major business jet OEMs are significantly higher than they were five years ago. As a result, new deliveries should increase 4.4 percent in 2025 and grow at an average annual rate of 2.7 percent over the next five years. Deliveries are poised to grow steadily throughout the forecast period.
- Pre-owned transactions are expected to continue their 2024 growth in 2025. Annual unit volume should increase 9.5 percent and dollar volume should increase 6.2 percent. Average annual growth is expected to continue over the next five years at a rate of 4.2 percent. Dollar volume should grow at an average annual rate of 3.4 percent during that time.
- We project North America will maintain its position as the largest market for both new and pre-owned business jets over the forecast period, making up 73.8 percent of the total market. Europe will continue to be an important market, while strong pre-owned transaction levels in Latin America are expected to make it the second-largest regional market during the forecast period.
