Private Jet Market Statistics: An Overview Of The Industry Source Bing.com
The private jet market is an incredibly dynamic and lucrative industry. With the global economy booming, more people are turning to private jets for their business and leisure travel needs. As a result, the demand for private jet charter services has grown tremendously in recent years, leading to an influx of money in the private jet market. With this in mind, let’s take a look at some of the most important private jet market statistics.
1. Global Private Jet Market Size
The global private jet market size is estimated to be worth around $25.9 billion in 2020. Over the past decade, the industry has seen a steady growth of 3.2% annually. This growth is expected to continue in the future, with the industry projected to reach a total value of $30.7 billion by 2025.
2. Private Jet Ownership
According to a recent survey, there are approximately 18,500 private jets owned worldwide. The United States is home to the largest number of private jets at 8,400. The United Kingdom is second with 1,900, followed by Canada with 1,800, China with 1,500, Mexico with 1,000 and Brazil with 800. Other countries with significant private jet ownership include Russia, Germany, India, France, Italy and Spain.
3. Top Private Jet Manufacturers
The top private jet manufacturers in 2020 are Bombardier, Gulfstream, Embraer, Cessna and Dassault. Together, these companies account for around 86% of all private jet sales worldwide. Of these five, Bombardier is by far the largest manufacturer with a market share of around 38%.
4. Most Popular Private Jet Models
The most popular private jet models in 2020 are the Gulfstream G450, Bombardier Global 5000, Embraer Legacy 600, Cessna Citation XLS and Dassault Falcon 7X. These models represent the most popular choices for business and leisure travelers alike.
5. Private Jet Usage Statistics
The majority of private jet usage comes from business travelers. According to a recent survey, around 73% of all private jet trips are for business purposes. The remaining 27% of trips are for leisure purposes. It is estimated that around 55% of all private jet trips are domestic and 45% are international.
6. Private Jet Charter Industry
The private jet charter industry is a rapidly growing sector of the private jet market. In 2020, the industry is estimated to be worth around $13.1 billion. This figure is expected to grow to $17.7 billion by 2025. It is estimated that there are around 5,000 private jet charter operators worldwide.
7. Private Jet Bookings
The private jet booking industry is also growing rapidly. According to a recent survey, there were around 1.7 million private jet bookings in 2019. This figure is expected to increase to 2.3 million by 2025. It is estimated that the average price for a private jet booking is around $8,000.
8. Private Jet Airports
There are around 5,000 private jet airports worldwide. The majority of these airports are located in the United States, with around 3,500 private jet airports. Other countries with significant numbers of private jet airports include the United Kingdom, Canada, Mexico, France, Germany, Italy and Spain.
9. Private Jet Pilots
There are approximately 40,000 private jet pilots worldwide. The majority of these pilots are based in the United States, with over 20,000 pilots. Other countries with significant numbers of private jet pilots include the United Kingdom, Canada, Mexico, France, Germany, Italy and Spain.
10. Private Jet Market Trends
The private jet market is expected to continue to grow in the coming years. The increasing demand for private jet charter services, the growing number of private jet owners and the influx of new private jet manufacturers and models are all expected to contribute to this growth. Additionally, the emergence of new technologies such as electric and hybrid-electric aircraft are expected to further revolutionize the private jet market.
Conclusion
The private jet market is an incredibly dynamic industry with a large number of players and a wide range of products and services. With the global economy continuing to grow and the increasing demand for private jet charter services, the industry is expected to continue to grow in the coming years. The above private jet market statistics provide an overview of the industry and highlight some of the most important trends to watch out for.
