Europe Business Jet Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 4.60 Billion |
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Market Size (2030) | USD 7.08 Billion |
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Largest Share by Body Type | Large Jet |
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CAGR (2024 - 2030) | 7.46 % |
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Largest Share by Country | UK |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Business Jet Market Analysis
The Europe Business Jet Market size is estimated at 4.60 billion USD in 2024, and is expected to reach 7.08 billion USD by 2030, growing at a CAGR of 7.46% during the forecast period (2024-2030).
4.6 B
Market Size in 2024 (USD)
7.1 B
Market Size in 2030 (USD)
797
Total Deliveries in the Historic Period (2017-2023)
1120
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Body Type
84.90 %
value share, Large Jet, 2023
The increasing popularity of large jets because of their comfort and convenience and ability to travel long distances is projected to drive the demand for large jets in the region.
Fastest-growing Market by Body Type
7.64 %
Projected CAGR, Large Jet, 2024-2030
Regional air travel and the capability to access remote airports/locations are making the mid-size jets more attractive to customers, therefore driving the demand for the market.
Largest Market by Country
13.44 %
value share, UK, 2023
The procurement of large jets by various companies or individuals across various sectors drives the market's growth in the country.
Leading Market Player
43.19 %
market share, Bombardier Inc., 2022
The company's focus on new product development in various types of business jet segments enables it to be one of the leading players.
Second Leading Market Player
20.17 %
market share, General Dynamics Corporation, 2022
The company's strongest and most advanced fleet of different types of business jets is prompting customers to procure more jets, enabling the company to gain the second-highest market share.
Increase in business travel flight hours after the pandemic generated a high demand for business jets
- Business jets offer European executives and corporations direct access to smaller airports and avoid the time-consuming processes associated with commercial flights. These jets enable busy executives to maximize their productivity and reduce travel-related disruptions. The COVID-19 pandemic adversely impacted business jet deliveries in the region, with a decline of 26% in 2020 compared to 2021. There has been a shift toward private flying as a safer mode of transportation among the HNWI population in the region, aiding in procuring business jets. However, the market gradually recovered from the pandemic, and in 2022, the region recorded 34% growth compared to 2020.
- In terms of deliveries, during 2017-2022, the large jet segment dominated the region with 53% of the share, followed by light and mid-size jets with 35% and 12%, respectively. During the same period, the OEM that delivered most of the business jets was Embraer, with 11% of the total jets delivered in the region, followed by Cessna with 10% of jets delivered, Bombardier delivered 9% of the jets, and Gulfstream delivered 7% of the jets.
- Cessna was the leading OEM, with 30% of the current operational fleet size, followed by Bombardier and Dassault, with 19% and 14%, respectively, in the European business jet fleet as of December 2022. The surge in UHNWI individuals in the region is expected to aid the business jet segment. Around 1,244 aircraft are expected to be delivered between 2023 and 2030.
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An increase in new memberships and rising HNWI wealth in the region is driving the demand for business jets in the region
- As a hub for global finance, commerce, and tourism, Europe's dynamic business landscape relies heavily on the efficiency, flexibility, and luxury that business jets provide. As of December 2022, Europe accounted for around 12% of the global business jet fleet, with Germany leading the region with 18% of the total European business jet fleet, followed by the United Kingdom and France, with around 11% and 9%. There has been a shift toward private flying as a safer mode of transportation among the HNWI population in the region, aiding in procuring business jets. However, with the rapid vaccination rates and opening of borders, in 2022, a growth of 28% was recorded compared to 2020.
- In 2023, air charter service providers witnessed high demand in the European region and a surge in new memberships for business aviation. In May 2023, VistaJet International recently introduced its VJ25 program to Europe, the Middle East, and Africa. Aimed at travelers with flexible schedules flying 25 to 49 hours per year and offered as a three-year subscription, VJ25 provides guaranteed on-demand access to the Vista fleet of more than 360 aircraft worldwide, including its flagship ultra-long-range Bombardier Global 7500.
- Business jet demand in Europe continued to be affected by the COVID-19 pandemic and the Russia-Ukraine conflict, especially for medium and long-haul flights, as travel restrictions to many regions and countries remained in place during much of 2022. The Y-o-Y fleet growth and an increasing number of long-range and very light jets are signs of increased demand for European operators to use business jets inside Europe and on flights to destinations outside the region. During the forecast period, around 1,244 jets are expected to be procured.
Europe Business Jet Market Trends
Rise in the HNWI population acting as the major growth driver for the market
- HNWIs and UHNWIs often own private jets for personal or business travel. Europe is home to a multitude of scenic and exclusive destinations that may not be easily accessible through commercial flights. Business jets provide the opportunity for HNWIs to fly directly to remote locations, avoiding congested airports and time-consuming connections. In 2022, the number of UHNWIs in Europe increased by 5% compared to 2021. This was because the Eurozone utilities, tech stocks, and luxury goods sectors performed well, registering solid gains. Europe recorded the third significant rise in the ultra-wealthy population, which recorded 67% of the global HNWI population during 2017-2022.
- The leading position of Europe in terms of the number and assets of HNWIs is mainly attributed to Germany, France, and the United Kingdom. In 2022, these three countries alone recorded 67% of the total HNWIs in Europe. Germany led the HNWI population with 3.5 million HNWIs, followed by France with 3.07 million and the United Kingdom with 2.9 million. The United Kingdom attracts a steady stream of high-net-worth individuals from Africa, Asia, and the Middle East. Russia saw the least growth in the HNWI population, which recorded 2%. This was because well-off people have been moving out of Russia every year for the past 10 years, a sign of the current issues the country is facing. The crisis in Ukraine posed risks to the global economy, especially to inflation and financial markets. However, the market is expected to recover during the forecast period. In 2030, the HNWI population is expected to grow by 18.4 million.
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Europe Business Jet Industry Overview
The Europe Business Jet Market is fairly consolidated, with the top five companies occupying 93.22%. The major players in this market are Bombardier Inc., Dassault Aviation, Embraer, General Dynamics Corporation and Textron Inc. (sorted alphabetically).
Europe Business Jet Market Leaders
Bombardier Inc.
Dassault Aviation
Embraer
General Dynamics Corporation
Textron Inc.
Other important companies include Cirrus Design Corporation, Pilatus Aircraft Ltd.
*Disclaimer: Major Players sorted in alphabetical order.
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Europe Business Jet Market News
- October 2023: Textron Aviation announced that it entered into a purchase agreement with Fly Alliance for up to 20 Cessna Citation business jets, four firms with options for 16 additional aircraft. Fly Alliance is expected to use the aircraft for its luxury private jet charter operations and expects to take delivery of the first aircraft, an XLS Gen2, in 2023.
- June 2023: Gulfstream Aerospace Corp. announced today the further expansion of its completions and outfitting operations at St. Louis Downtown Airport. With this latest expansion, Gulfstream is expected to increase completion operations at the site while modernizing its existing spaces by adding new, state-of-the-art equipment and tooling, representing a total capital investment of USD 28.5 million.
- June 2023: Gulfstream Aerospace Corp. announced that the super-midsize Gulfstream G280 was cleared for operations at France’s Airport of the Gulf of Saint-Tropez located in La Môle. The aircraft recently flew several takeoff and landing demonstrations at the short-field airport.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 45+ free charts, the section covers data on commercial aircraft deliveries by manufacturer, backlogs of commercial aircraft, active military aircraft fleet by type of aircraft, overall business jets and helicopters fleet by manufacturer and also classified by type of ownership.
Europe Business Jet Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 High-net-worth Individual (hnwi)
- 4.2 Regulatory Framework
- 4.3 Value Chain Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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5.1 Body Type
- 5.1.1 Large Jet
- 5.1.2 Light Jet
- 5.1.3 Mid-Size Jet
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5.2 Country
- 5.2.1 France
- 5.2.2 Germany
- 5.2.3 Italy
- 5.2.4 Netherlands
- 5.2.5 Russia
- 5.2.6 Spain
- 5.2.7 UK
- 5.2.8 Rest of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Bombardier Inc.
- 6.4.2 Cirrus Design Corporation
- 6.4.3 Dassault Aviation
- 6.4.4 Embraer
- 6.4.5 General Dynamics Corporation
- 6.4.6 Pilatus Aircraft Ltd
- 6.4.7 Textron Inc.
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR AVIATION CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- POPULATION OF HIGH-NET-WORTH INDIVIDUAL (HNWI) BY COUNTRY, NUMBER OF HNWIS, EUROPE, 2017 - 2030
- Figure 2:
- NUMBER OF NEW AIRCRAFT DELIVERIES, VOLUME, EUROPE, 2017 - 2030
- Figure 3:
- NUMBER OF NEW AIRCRAFT DELIVERIES, USD, EUROPE, 2017 - 2030
- Figure 4:
- BUSINESS JETS DELIVERIES BY BODY TYPE, VOLUME, EUROPE, 2017 - 2030
- Figure 5:
- BUSINESS JETS DELIVERIES BY BODY TYPE, USD, EUROPE, 2017 - 2030
- Figure 6:
- BUSINESS JETS DELIVERIES BY BODY TYPE, VOLUME %, EUROPE, 2017 VS 2023 VS 2030
- Figure 7:
- BUSINESS JETS DELIVERIES BY BODY TYPE, VALUE %, EUROPE, 2017 VS 2023 VS 2030
- Figure 8:
- EUROPE BUSINESS JET MARKET, BY LARGE JET, UNITS, 2017 - 2030
- Figure 9:
- EUROPE BUSINESS JET MARKET, BY LARGE JET, USD, 2017 - 2030
- Figure 10:
- EUROPE BUSINESS JET MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 11:
- EUROPE BUSINESS JET MARKET, BY LIGHT JET, UNITS, 2017 - 2030
- Figure 12:
- EUROPE BUSINESS JET MARKET, BY LIGHT JET, USD, 2017 - 2030
- Figure 13:
- EUROPE BUSINESS JET MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 14:
- EUROPE BUSINESS JET MARKET, BY MID-SIZE JET, UNITS, 2017 - 2030
- Figure 15:
- EUROPE BUSINESS JET MARKET, BY MID-SIZE JET, USD, 2017 - 2030
- Figure 16:
- EUROPE BUSINESS JET MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 17:
- BUSINESS JETS DELIVERIES BY COUNTRY, VOLUME, EUROPE, 2017 - 2030
- Figure 18:
- BUSINESS JETS DELIVERIES BY COUNTRY, USD, EUROPE, 2017 - 2030
- Figure 19:
- BUSINESS JETS DELIVERIES BY COUNTRY, VOLUME %, EUROPE, 2017 VS 2023 VS 2030
- Figure 20:
- BUSINESS JETS DELIVERIES BY COUNTRY, VALUE %, EUROPE, 2017 VS 2023 VS 2030
- Figure 21:
- EUROPE BUSINESS JET MARKET, BY FRANCE, UNITS, 2017 - 2030
- Figure 22:
- EUROPE BUSINESS JET MARKET, BY FRANCE, USD, 2017 - 2030
- Figure 23:
- BUSINESS JETS DELIVERIES SHARE, VALUE, %, FRANCE, 2023 VS 2030
- Figure 24:
- EUROPE BUSINESS JET MARKET, BY GERMANY, UNITS, 2017 - 2030
- Figure 25:
- EUROPE BUSINESS JET MARKET, BY GERMANY, USD, 2017 - 2030
- Figure 26:
- BUSINESS JETS DELIVERIES SHARE, VALUE, %, GERMANY, 2023 VS 2030
- Figure 27:
- EUROPE BUSINESS JET MARKET, BY ITALY, UNITS, 2017 - 2030
- Figure 28:
- EUROPE BUSINESS JET MARKET, BY ITALY, USD, 2017 - 2030
- Figure 29:
- BUSINESS JETS DELIVERIES SHARE, VALUE, %, ITALY, 2023 VS 2030
- Figure 30:
- EUROPE BUSINESS JET MARKET, BY NETHERLANDS, UNITS, 2017 - 2030
- Figure 31:
- EUROPE BUSINESS JET MARKET, BY NETHERLANDS, USD, 2017 - 2030
- Figure 32:
- BUSINESS JETS DELIVERIES SHARE, VALUE, %, NETHERLANDS, 2023 VS 2030
- Figure 33:
- EUROPE BUSINESS JET MARKET, BY RUSSIA, UNITS, 2017 - 2030
- Figure 34:
- EUROPE BUSINESS JET MARKET, BY RUSSIA, USD, 2017 - 2030
- Figure 35:
- BUSINESS JETS DELIVERIES SHARE, VALUE, %, RUSSIA, 2023 VS 2030
- Figure 36:
- EUROPE BUSINESS JET MARKET, BY SPAIN, UNITS, 2017 - 2030
- Figure 37:
- EUROPE BUSINESS JET MARKET, BY SPAIN, USD, 2017 - 2030
- Figure 38:
- BUSINESS JETS DELIVERIES SHARE, VALUE, %, SPAIN, 2023 VS 2030
- Figure 39:
- EUROPE BUSINESS JET MARKET, BY UK, UNITS, 2017 - 2030
- Figure 40:
- EUROPE BUSINESS JET MARKET, BY UK, USD, 2017 - 2030
- Figure 41:
- BUSINESS JETS DELIVERIES SHARE, VALUE, %, UK, 2023 VS 2030
- Figure 42:
- EUROPE BUSINESS JET MARKET, BY REST OF EUROPE, UNITS, 2017 - 2030
- Figure 43:
- EUROPE BUSINESS JET MARKET, BY REST OF EUROPE, USD, 2017 - 2030
- Figure 44:
- BUSINESS JETS DELIVERIES SHARE, VALUE, %, REST OF EUROPE, 2023 VS 2030
- Figure 45:
- MOST ACTIVE COMPANIES, NUMBER OF STRATEGIC MOVES, EUROPE, 2018-2023
- Figure 46:
- MOST ADOPTED STRATEGIES, COUNT, EUROPE, 2018 - 2023
- Figure 47:
- MAJOR PLAYERS REVENUE SHARE (%), EUROPE, 2023
Europe Business Jet Industry Segmentation
Large Jet, Light Jet, Mid-Size Jet are covered as segments by Body Type. France, Germany, Italy, Netherlands, Russia, Spain, UK are covered as segments by Country.
- Business jets offer European executives and corporations direct access to smaller airports and avoid the time-consuming processes associated with commercial flights. These jets enable busy executives to maximize their productivity and reduce travel-related disruptions. The COVID-19 pandemic adversely impacted business jet deliveries in the region, with a decline of 26% in 2020 compared to 2021. There has been a shift toward private flying as a safer mode of transportation among the HNWI population in the region, aiding in procuring business jets. However, the market gradually recovered from the pandemic, and in 2022, the region recorded 34% growth compared to 2020.
- In terms of deliveries, during 2017-2022, the large jet segment dominated the region with 53% of the share, followed by light and mid-size jets with 35% and 12%, respectively. During the same period, the OEM that delivered most of the business jets was Embraer, with 11% of the total jets delivered in the region, followed by Cessna with 10% of jets delivered, Bombardier delivered 9% of the jets, and Gulfstream delivered 7% of the jets.
- Cessna was the leading OEM, with 30% of the current operational fleet size, followed by Bombardier and Dassault, with 19% and 14%, respectively, in the European business jet fleet as of December 2022. The surge in UHNWI individuals in the region is expected to aid the business jet segment. Around 1,244 aircraft are expected to be delivered between 2023 and 2030.
| Body Type | Large Jet |
| Light Jet | |
| Mid-Size Jet | |
| Country | France |
| Germany | |
| Italy | |
| Netherlands | |
| Russia | |
| Spain | |
| UK | |
| Rest of Europe |
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Market Definition
- Aircraft Type - General Aviation includes aircraft used for corporate aviation, business aviation and other aerial works.
- Sub-Aircraft Type - Business Jets which are private jets and are designed to carry small groups of people and are used for various roles are included in this study.
- Body Type - Light Jets, Mid-Size Jets, and Large Jets according to their ability to carry passengers and flying distance ranges have been included under this study.
| Keyword | Definition |
|---|---|
| IATA | IATA stands for the International Air Transport Association, a trade organization composed of airlines around the world that has an influence over the commercial aspects of flight. |
| ICAO | ICAO stands for International Civil Aviation Organization, a specialized agency of the United Nations that supports aviation and navigation around the globe. |
| Air Operator Certificate (AOC) | A certificate granted by a National Aviation Authority permitting the conduct of commercial flying activities. |
| Certificate Of Airworthiness (CoA) | A Certificate Of Airworthiness (CoA) is issued for an aircraft by the civil aviation authority in the state in which the aircraft is registered. |
| Gross Domestic Product (GDP) | Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period by countries. |
| RPK (Revenue Passenger Kilometres) | The RPK of an airline is the sum of the products obtained by multiplying the number of revenue passengers carried on each flight stage by the stage distance - it is the total number of kilometers traveled by all revenue passengers. |
| Load Factor | The load factor is a metric used in the airline industry that measures the percentage of available seating capacity that has been filled with passengers. |
| Original Equipment Manufacturer (OEM) | An original equipment manufacturer (OEM) traditionally is defined as a company whose goods are used as components in the products of another company, which then sells the finished item to users. |
| International Transportation Safety Association (ITSA) | International Transportation Safety Association (ITSA) is an international network of heads of independent safety investigation authorities (SIA). |
| Available Seats Kilometre (ASK) | This metric is calculated by multiplying Available Seats (AS) in one flight, defined above, multiplied by the distance flown. |
| Gross Weight | The fully-loaded weight of an aircraft, also known as “takeoff weight,” which includes the combined weight of passengers, cargo, and fuel. |
| Airworthiness | The ability of an aircraft, or other airborne equipment or system, to operate in flight and on the ground without significant hazard to aircrew, ground crew, passengers or to other third parties. |
| Airworthiness Standards | Detailed and comprehensive design and safety criteria applicable to the category of aeronautical product (aircraft, engine or propeller). |
| Fixed Base Operator (FBO) | A business or organization that operates at an airport. An FBO provides aircraft operating services like maintenance, fueling, flight training, charter services, hangaring, and parking. |
| High Net worth Individuals (HNWIs) | High Net worth Individuals (HNWIs) are individuals with over USD 1 million in liquid financial assets. |
| Ultra High Net worth Individuals (UHNWIs) | Ultra High Net worth Individuals (UHNWIs) are individuals with over USD 30 million in liquid financial assets. |
| Federal Aviation Administration (FAA) | The division of the Department of Transportation is concerned with aviation. It operates Air Traffic Control and regulates everything from aircraft manufacturing to pilot training to airport operations in the United States. |
| EASA (European Aviation Safety Agency) | The European Aviation Safety Agency is a European Union agency established in 2002 with the task of overseeing civil aviation safety and regulation. |
| Airborne Warning and Control System (AW&C) aircraft | Airborne Warning and Control System (AEW&C) aircraft is equipped with a powerful radar and on-board command and control center to direct the armed forces. |
| The North Atlantic Treaty Organization (NATO) | The North Atlantic Treaty Organization (NATO), also called the North Atlantic Alliance, is an intergovernmental military alliance between 30 member states – 28 European and two North American. |
| Joint Strike Fighter (JSF) | Joint Strike Fighter (JSF) is a development and acquisition program intended to replace a wide range of existing fighter, strike, and ground attack aircraft for the United States, the United Kingdom, Italy, Canada, Australia, the Netherlands, Denmark, Norway, and formerly Turkey. |
| Light Combat Aircraft (LCA) | A light combat aircraft (LCA) is a light, multirole jet/turboprop military aircraft, commonly derived from advanced trainer designs, designed for engaging in light combat. |
| Stockholm International Peace Research Institute (SIPRI) | Stockholm International Peace Research Institute (SIPRI) is an international institute that provides data, analysis, and recommendations for armed conflict, military expenditure, and arms trade as well as disarmament and arms control. |
| Maritime Patrol Aircraft (MPA) | A maritime patrol aircraft (MPA), also known as maritime reconnaissance aircraft is a fixed-wing aircraft designed to operate for long durations over water in maritime patrol roles, in particular, anti-submarine warfare (ASW), anti-ship warfare (AShW), and search and rescue (SAR). |
| Mach Number | The Mach number is defined as the ratio of true airspeed to the speed of sound at the altitude of a given aircraft. |
| Stealth Aircraft | Stealth is a Common term applied to low observable (LO) technology and doctrine, that makes an aircraft near invisible to radar, infrared or visual detection. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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