Bombardier Aerospace today released its annual 20-year forecasts for the business and commercial aircraft markets during a pre-Farnborough media event, held at its headquarters in Dorval, Québec, that was simultaneously webcast.
As the business and commercial aircraft markets continue to recover from the industry downturn, indicators are mixed, yet trending positively. New aircraft orders are supported by continued demand from developed markets and growth potential in emerging markets, which are forecasted to play an increasingly important role in the global aviation marketplace. Operators industry-wide remain focused on fleet optimization and aircraft efficiency as fuel prices and environmental concerns rise.
“We have built our leadership position in aviation by continuously pushing the boundaries of product development to better meet the needs of our customers, both those who operate our aircraft and those who use them as a mode of transportation,” said Mairead Lavery, Vice President, Strategy, Business Development and Structured Finance, Bombardier Aerospace. “We will continue to deliver industry-leading mobility solutions, and we are positioning ourselves for a period of growth by pursuing our international expansion strategy to be closer to our customers in traditional and emerging markets.”
Business Aircraft Market Forecast
Bombardier is confident in the strong, long-term potential of the business aircraft industry and forecasts a total of 24,000 business jet deliveries from 2012 to 2031 in all segments in which Bombardier competes*, which represents approximately $648 billion US** in industry revenues. The Bombardier Business Aircraft Market Forecast anticipates 9,800 aircraft deliveries, worth $266 billion US, from 2012 to 2021 and 14,200 deliveries, worth $382 billion US, from 2022 to 2031.
While the business aviation market continues to recover, current market indicators are mixed. Market confidence needs to be fully restored for industry business jet deliveries to increase strongly and enable the industry to realize its full potential. Deliveries are expected to lag order intake as manufacturers strive to maintain acceptable backlog levels, and business jet industry deliveries for 2012 are expected to be comparable to 2011. Bombardier believes business jet industry deliveries will return to sustained growth starting in 2013, with the Large aircraft category demonstrating the fastest growth.
Over the forecast period, Bombardier predicts that North America will receive the greatest number of new business jet deliveries between 2012 and 2031 with 9,500 aircraft, followed by Europe, with 3,920 aircraft. Notably, China will become the third largest market for business jet deliveries, with 2,420 deliveries from 2012 to 2031. Bombardier also expects key growth markets, including Brazil, India, Russia and the Commonwealth of Independent States (CIS), Indonesia, Mexico, South Korea and Turkey, to receive a significant share of business jet deliveries during the next 20 years.
Through its investment in innovative transportation solutions, Bombardier continues to lead the evolution of the business aviation industry. New aircraft development programs, including theLearjet 70, Learjet 75, Learjet 85, Global 7000 and Global 8000 jets, position Bombardier for long-term market leadership, and the Company remains committed to the international expansion of its services portfolio to better meet the needs of its customers.
Bombardier Aerospace offers 24/7 technical support for operators of Bombardier Learjet, Challenger, and Global aircraft. For Learjet technical support: (316) 946-6100 or email@example.com...
10-year baseline Business Aircraft Market Forecast predicts 13,200 deliveries from 2008 to 2017, representing market-wide revenues of $300 billion US.
The sales and marketing team will be co-located with Flexjet in the Dallas-Fort Worth Metroplex area, and will bring it closer to current and prospective customers in the United States and Latin...
Bombardier will also host a regional Maintenance & Operations Conference in Singapore for business aircraft customers on February 18-20, 2014.