Market Size of europe general aviation Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 6.10 Billion |
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Market Size (2030) | USD 9.29 Billion |
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Largest Share by Sub Aircraft Type | Business Jets |
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CAGR (2024 - 2030) | 7.24 % |
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Largest Share by Country | UK |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe General Aviation Market Analysis
The Europe General Aviation Market size is estimated at 6.10 billion USD in 2024, and is expected to reach 9.29 billion USD by 2030, growing at a CAGR of 7.24% during the forecast period (2024-2030).
6.1 B
Market Size in 2024 (USD)
9.3 B
Market Size in 2030 (USD)
3675.4
Total Deliveries in the Historic Period (2017-2023)
4568
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Sub-Aircraft Type
76.52 %
value share, Business Jets, 2023
The increasing number of high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) in the region acts as a major driver for the market's growth.
Fastest-growing Market by Sub-Aircraft Type
7.46 %
Projected CAGR, Business Jets, 2024-2030
The adoption of large jets in the region by various countries and individuals or companies across various sectors is driving the faster growth of the market.
Largest Market by Body Type
84.90 %
value share, Large Jet, 2023
The preference for large jets across the region is driving the demand. Manufacturers offer a wide range of products to consumers according to their convenience.
Largest Market by Country
12.44 %
value share, UK, 2023
The procurement of large jets by various companies or individuals across various sectors is driving the market's growth in the country.
Leading Market Player
32.64 %
market share, Bombardier Inc., 2022
The wide range of technologically innovative and advanced products, along with a strong customer support network, enables the company to be the leading player.
Business jets are expected to dominate the total number of deliveries during the forecast period
- The recovery of business aviation in 2022 was more sustained compared to 2020. Major leisure destinations recorded significant growth in flight activity and passenger traffic, indicating the substantial contribution of leisure to business aviation. However, the growth has not been consistent across the year, as several months in 2021 saw a drop in demand compared to 2019. This growth improved in 2022 with the opening of more routes.
- 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 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.
- Business jet deliveries in Europe were affected during the COVID-19 pandemic, with a decline of 17.5%. In 2021, Bombardier became the leading OEM in terms of business jet deliveries, as it delivered around 36 aircraft, followed by Embraer, Pilatus, Cessna, Gulfstream, and CIRRUS, with 21, 17,15, and 10 deliveries, respectively.
- Cessna was the leading OEM, with 30% of the current operational fleet size, followed by Bombardier and Dassault, with 23% and 14%, respectively, in the European business jet fleet as of July 2022. The surge in HNWI individuals in the region is expected to aid the business jet segment, and around 5062+ aircraft are expected to be delivered between 2023 and 2030.
The demand for business aviation in the region is expected to aid the European general aviation sector
- The rise of HNWIs and UHNWIs, who prefer private jets and helicopters for personal or business travel in Europe, aided in the procurement of aircraft in the general aviation sector. From 2017 to 2022, the HNWI population in the region increased by 67%. The surge in HNIW population has also aided in the growth of general aviation sector in the region. 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.
- In 2021, air charter service providers witnessed high demand across Europe with the surge in new memberships for business aviation. For instance, in 2021, a major Europe-based air charter service provider, VistaJet, registered a growth of around 53% in new memberships during H1 2021 compared to H1 2020. Out of the new memberships, more than 50% belong to the European region.
- According to the major charter service providers in Europe, demand increased significantly toward the end of 2021 and managed to surpass 2019 levels of traffic. Business aviation traffic has been approximately 20-30% more than in 2019 since August 2021. Due to such strong demand, charter jet service companies are expanding their fleets to meet the growing demand.
- Regarding the current operational fleet, Germany is the leading country with around 18% of the European business jet fleet. The United Kingdom and France accounted for approximately 11% and 9%, respectively, of the European fleet as of December 2022. During 2023-2030, around 5,062 general aviation aircraft are expected to be delivered.
Europe General Aviation Industry Segmentation
Business Jets, Piston Fixed-Wing Aircraft, Others are covered as segments by Sub Aircraft Type. France, Germany, Italy, Netherlands, Russia, Spain, UK are covered as segments by Country.
- The recovery of business aviation in 2022 was more sustained compared to 2020. Major leisure destinations recorded significant growth in flight activity and passenger traffic, indicating the substantial contribution of leisure to business aviation. However, the growth has not been consistent across the year, as several months in 2021 saw a drop in demand compared to 2019. This growth improved in 2022 with the opening of more routes.
- 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 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.
- Business jet deliveries in Europe were affected during the COVID-19 pandemic, with a decline of 17.5%. In 2021, Bombardier became the leading OEM in terms of business jet deliveries, as it delivered around 36 aircraft, followed by Embraer, Pilatus, Cessna, Gulfstream, and CIRRUS, with 21, 17,15, and 10 deliveries, respectively.
- Cessna was the leading OEM, with 30% of the current operational fleet size, followed by Bombardier and Dassault, with 23% and 14%, respectively, in the European business jet fleet as of July 2022. The surge in HNWI individuals in the region is expected to aid the business jet segment, and around 5062+ aircraft are expected to be delivered between 2023 and 2030.
| Sub Aircraft Type | |||||
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| Piston Fixed-Wing Aircraft | |||||
| Others |
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| France | |
| Germany | |
| Italy | |
| Netherlands | |
| Russia | |
| Spain | |
| UK | |
| Rest of Europe |
Europe General Aviation Market Size Summary
The Europe General Aviation Market is poised for significant growth, driven by a resurgence in business aviation and an increasing number of high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) preferring private jets and helicopters for travel. The market has shown resilience, with leisure destinations experiencing a notable uptick in flight activity and passenger traffic. This growth trajectory is supported by the expansion of routes and the recovery from the pandemic's impact on aviation demand. The market landscape is characterized by a strong presence of major original equipment manufacturers (OEMs) such as Embraer, Cessna, Bombardier, and Gulfstream, which have been pivotal in delivering a substantial number of business jets to the region. The demand for air charter services has also surged, with providers like VistaJet reporting significant increases in new memberships, indicating a robust recovery and expansion in business aviation traffic.
The market's expansion is further bolstered by the economic performance of sectors like utilities, tech stocks, and luxury goods, which have contributed to the rise in the HNWI population in Europe. Germany, France, and the United Kingdom are key players, hosting a majority of the region's HNWIs. Despite geopolitical challenges, such as the crisis in Ukraine, the market is expected to recover and continue its growth trajectory. The operational fleet is concentrated in countries like Germany, the United Kingdom, and France, with Germany leading in fleet size. The market is fairly consolidated, with major companies holding a significant share, and ongoing investments in fleet expansion and modernization by firms like Gulfstream Aerospace Corp. and Textron Aviation underscore the industry's commitment to meeting the growing demand for general aviation services in Europe.
Europe General Aviation Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Sub Aircraft Type
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1.1.1 Business Jets
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1.1.1.1 Large Jet
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1.1.1.2 Light Jet
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1.1.1.3 Mid-Size Jet
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1.1.2 Piston Fixed-Wing Aircraft
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1.1.3 Others
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1.2 Country
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1.2.1 France
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1.2.2 Germany
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1.2.3 Italy
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1.2.4 Netherlands
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1.2.5 Russia
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1.2.6 Spain
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1.2.7 UK
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1.2.8 Rest of Europe
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Europe General Aviation Market Size FAQs
How big is the Europe General Aviation Market?
The Europe General Aviation Market size is expected to reach USD 6.10 billion in 2024 and grow at a CAGR of 7.24% to reach USD 9.29 billion by 2030.
What is the current Europe General Aviation Market size?
In 2024, the Europe General Aviation Market size is expected to reach USD 6.10 billion.
