Finance specialist Global Jet Capital released its annual Business Jet Market Forecast in the run-up to EBACE, which provides highly detailed insight and predictions for the business jet market for the next five years. Overall, the North American market will remain the largest, followed by Europe, while the large cabin, long-range aircraft sector will see the strongest growth as customers look for both capacity and range.

In terms of value, the main headline forecasts total transaction volume of USD193 billion for new and pre-owned business jet deals in the five years to 2028. This is coupled with compound annual growth of 4.4% over the period. The figures represent steady growth in the transaction market through to 2028 following a contraction in 2023 as OEMs continued to deal with supply chain issues.

Global Jet Capital said OEM backlogs for new aircraft are in a much stronger position than prior to Covid, which will lead to increased production. The report also notes that pre-owned transactions will return to steady growth in 2024, with average annual growth to hit 3.8% until 2028.