Market Size of middle-east and africa business jet Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 1.09 Billion |
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Market Size (2030) | USD 2.14 Billion |
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Largest Share by Body Type | Large Jet |
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CAGR (2024 - 2030) | 11.98 % |
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Largest Share by Country | United Arab Emirates |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Middle-East and Africa Business Jet Market Analysis
The Middle-East and Africa Business Jet Market size is estimated at 1.09 billion USD in 2024, and is expected to reach 2.14 billion USD by 2030, growing at a CAGR of 11.98% during the forecast period (2024-2030).
1.1 B
Market Size in 2024 (USD)
2.1 B
Market Size in 2030 (USD)
126
Total Deliveries in the Historic Period (2017-2023)
210
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Body Type
97.98 %
value share, Large Jet, 2023
The increasing popularity of large jets because of their comfort, convenience, and ability to travel long distances is projected to drive their demand in the region.
Fastest-growing Market by Body Type
Infinity %
Projected CAGR, Mid-Size Jet, 2024-2030
Consumer preference for high-premium quality and convenient jets that offer large and personalized space is driving the adoption rate for large jets.
Largest Market by Country
17.12 %
value share, United Arab Emirates, 2023
The procurement of large jets by various companies or individuals across different sectors drives the market's growth in the country.
Leading Market Player
48.68 %
market share, General Dynamics Corporation, 2022
The company's strongest and most advanced fleet of different types of business jets is encouraging customers to procure more jets, resulting in a high market share.
Second Leading Market Player
40.56 %
market share, Bombardier Inc., 2022
The company's focus on new product development in various types of business jet segments is boosting its position as a leading player.
Large jets are driving the demand in the market
- Middle East & Africa accounted for around 3% of the global business jet deliveries from 2017 to 2022. After the pandemic, the demand for business jets in the region declined by 26% in 2021, specifically in the large business jet segment.
- The large jet segment in the Middle East & African general aviation market dominates the current operational fleet, accounting for 293 aircraft out of the total 588 aircraft. Adopting large jets is more prevalent in the Middle East & Africa. In terms of the current operational fleet, the large jets accounted for around 50% of the overall Middle East business jet fleet and 36% in the African region of July 2022.
- In 2022, air charter service providers witnessed high demand in the entire region, with a surge in new memberships for business aviation. For instance, in 2021, the UAE-based air charter service provider VistaJet registered a growth of around 100% in new memberships during January and June 2021.
- Bombardier was the leading OEM, with 23% of the current operational fleet size, followed by Gulfstream and Boeing, with 21% and 14%, respectively, in the Middle Eastern business jet fleet as of July 2022. In Africa, Bombardier was the leading player in terms of the current operational fleet, with 22% of the jets, followed by Cessna, BAE, and Gulfstream with 21%, 15%, and 13% of the current fleet, respectively. The surge in UHNWIs in the region is expected to aid the business jet segment in the country. Around 200+ aircraft are expected to be delivered during 2022-2028.
The number of first-time flyers of private jets has increased, further aiding market growth
- The Middle East & Africa accounted for around 3% of the global business jet deliveries from 2017 to 2022. After the COVID-19 pandemic, business jet demand in this region surged by 42% in 2022 compared to 2020, specifically in the large business jet segment. The number of first-time flyers in private jets has increased after the COVID-19 pandemic. Regional companies have also witnessed increased long-distance travel from European countries.
- Adopting large jets is more prevalent in the Middle East & Africa. In terms of the current operational fleet, large jets accounted for around 65%, followed by mid-size jets and light jets with shares of 19% and 13%, respectively, of the overall Middle Eastern business jet fleet as of December 2022. Gulfstream has focused on growth opportunities in this region with its large jet offerings, such as Gulfstream G450 and G650ER.
- In 2021, air charter service providers witnessed high demand in the whole Middle East & Africa with the surge in new memberships for business aviation. For instance, in 2021, UAE-based air charter service provider Vista Jet registered a growth of around 100% in new memberships from January to June 2021 compared to the first half of 2020.
- Gulfstream is the leading original equipment manufacturer, with 15% of the operational fleet size, followed by Cessna and Learjet, with shares of 13% and 10%, respectively, in the Middle Eastern business jet fleet as of December 2022. Furthermore, the number of HNWIs in the region increased from 0.7 million in 2017 to 1.2 million in 2022, with a growth of 72% between 2017 and 2022. Around 241 business jets are expected to be delivered between 2023 and 2030.
Middle-East and Africa Business Jet Industry Segmentation
Large Jet, Light Jet, Mid-Size Jet are covered as segments by Body Type. Algeria, Egypt, Qatar, Saudi Arabia, South Africa, Turkey, United Arab Emirates are covered as segments by Country.
- Middle East & Africa accounted for around 3% of the global business jet deliveries from 2017 to 2022. After the pandemic, the demand for business jets in the region declined by 26% in 2021, specifically in the large business jet segment.
- The large jet segment in the Middle East & African general aviation market dominates the current operational fleet, accounting for 293 aircraft out of the total 588 aircraft. Adopting large jets is more prevalent in the Middle East & Africa. In terms of the current operational fleet, the large jets accounted for around 50% of the overall Middle East business jet fleet and 36% in the African region of July 2022.
- In 2022, air charter service providers witnessed high demand in the entire region, with a surge in new memberships for business aviation. For instance, in 2021, the UAE-based air charter service provider VistaJet registered a growth of around 100% in new memberships during January and June 2021.
- Bombardier was the leading OEM, with 23% of the current operational fleet size, followed by Gulfstream and Boeing, with 21% and 14%, respectively, in the Middle Eastern business jet fleet as of July 2022. In Africa, Bombardier was the leading player in terms of the current operational fleet, with 22% of the jets, followed by Cessna, BAE, and Gulfstream with 21%, 15%, and 13% of the current fleet, respectively. The surge in UHNWIs in the region is expected to aid the business jet segment in the country. Around 200+ aircraft are expected to be delivered during 2022-2028.
| Body Type | |
| Large Jet | |
| Light Jet | |
| Mid-Size Jet |
| Country | |
| Algeria | |
| Egypt | |
| Qatar | |
| Saudi Arabia | |
| South Africa | |
| Turkey | |
| United Arab Emirates | |
| Rest of Middle East and Africa |
Middle-East and Africa Business Jet Market Size Summary
The Middle-East and Africa Business Jet Market is experiencing significant growth, driven by an increasing demand for large business jets. This segment dominates the operational fleet in the region, with a substantial portion of the market share. The region's business jet market, although initially impacted by the pandemic, has shown a robust recovery, with a notable surge in demand for private jet travel. The influx of ultra-high-net-worth individuals (UHNWIs) and favorable policies in countries like the United Arab Emirates are contributing to this growth. The market is characterized by a high concentration of major players, with companies like Bombardier, Gulfstream, and Boeing leading the operational fleet in the Middle East, while Bombardier, Cessna, and BAE are prominent in Africa.
The market landscape is fairly consolidated, with the top companies holding a significant share. The demand for business jets is further bolstered by the recovery in oil prices and economic growth in the region, particularly in the Middle East. The presence of UHNWIs, driven by sectors such as financial services and real estate, is a key factor in the market's expansion. The Middle-East and Africa Business Jet Market is poised for continued growth, with expectations of numerous aircraft deliveries in the coming years. The strategic expansions and investments by leading manufacturers, such as Gulfstream's enhancements in its operations, underscore the market's potential and the ongoing commitment to meeting the rising demand for business aviation in the region.
Middle-East and Africa Business Jet 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 Body Type
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1.1.1 Large Jet
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1.1.2 Light Jet
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1.1.3 Mid-Size Jet
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1.2 Country
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1.2.1 Algeria
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1.2.2 Egypt
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1.2.3 Qatar
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1.2.4 Saudi Arabia
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1.2.5 South Africa
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1.2.6 Turkey
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1.2.7 United Arab Emirates
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1.2.8 Rest of Middle East and Africa
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Middle-East and Africa Business Jet Market Size FAQs
How big is the Middle-East and Africa Business Jet Market?
The Middle-East and Africa Business Jet Market size is expected to reach USD 1.09 billion in 2024 and grow at a CAGR of 11.98% to reach USD 2.14 billion by 2030.
What is the current Middle-East and Africa Business Jet Market size?
In 2024, the Middle-East and Africa Business Jet Market size is expected to reach USD 1.09 billion.
