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07.08.2025 - 18:03:47

Business Jet Market Size to Grow USD 41.4 Billion by 2032 at a CAGR of 4.5% | Valuates Reports

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BUSINESS JET MARKET SHARE ANALYSIS

In terms of type, the market in 2022 was led by the heavy jets subsegment. Since heavy jets are the most comfortable and longest-range private aircraft, they are rapidly gaining popularity. Furthermore, big planes may travel at exceptional speeds anywhere in the world. A standard heavy jet can carry up to twelve people. The fully furnished galley of the heavier planes has opulent extras like completely reclined chairs. Heavy planes offer the greatest safety requirements and allow passengers to select their preferred food and beverages while on board. Numerous locations that are inaccessible by commercial aircraft routes can be reached by heavy corporate jets. For businesses like the natural resources sector who operate in remote locations, this is quite helpful.

In terms of category, the worldwide business jet market share in 2022 was led by the pre-owned subsegment. Because they are affordable, pre-owned business jets are quite popular because they allow customers to enjoy private jet travel without having to make a large initial investment. Additionally, by purchasing pre-owned business jets, purchasers can escape the sharpest portion of the depreciation curve, such as the hidden cost of ownership. Additionally, compared to purchasing new business jets, purchasing a pre-owned aircraft permits a quicker acquisition procedure.

In terms of region, the world market in 2022 was dominated by North America. Because there are so many financial centers, business hubs, and industries in the United States, Canada, and Mexico—three key business hubs—business jets are becoming more and more popular in these nations.

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Key Companies:

BombardierGulfstream Aerospace CorporationTextron Aviation IncDassault AviationEmbraerPilatus Aircraft LtdAirbusThe Boeing CompanyCirrus Aircraft, LLCHonda Aircraft Company, LLC

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