In the 10-year period from 2007 to 2016, Bombardier’s Business Aircraft Market Forecast predicts that corporate aircraft manufacturers will deliver approximately 995 business jets annually, excluding the very light jet segment, a substantial increase from the industry average of over 572 business jet deliveries annually during the 1997 to 2006 period.
The total forecasted 9,950 deliveries over the 10-year period represent revenues of approximately $227 billion US for the industry.
The growth in business jet deliveries is expected to continue over the next four years, continuing to improve on the record set in 2006, then remain strong for the following six years. Based on the industry’s continued robust order intake and manufacturers’ solid backlogs, Bombardier believes the business aircraft industry will reach this plateau two years later than it had forecasted previously.
Bombardier’s forecast also indicates that primary market drivers continue to be positive or stable. These include manufacturers’ current average order backlog of approximately 24 months; a sustained U.S. gross domestic product growth is expected to remain at close to three per cent for the next 10 years; strong order intake from international markets, now representing approximately 50 per cent of the total market, and a number of new aircraft programs scheduled to enter service over the next two years.