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Bombardier Business Aircraft Market Forecast 2009 - 2018
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As the most dynamic and
diversifed economy around the
world, the U.S. should continue
to generate wealth and sustain
the development of its business
aircraft industry in the long term.
In May 2009, Moody’s decided to
maintain the credit rating of the
U.S. because it has “a diverse
and resilient economy, strong
government institutions, high
per-capita income, and a central
position in the global economy”.
While Canadian fnancial
institutions have proven to be
stable throughout the recent
crisis, Canada has experienced
economic decline in 2009,
although to a smaller extent when
compared to the U.S. According
to the latest IHS Global Insight
forecast published in May 2009,
both countries real GDP are
expected to show positive growth
in the frst half of 2010.
North America is forecast to receive
the greatest number of business jet
deliveries between 2009 and 2018
with 5,400 units. The 2008 feet
of 9,400 business jets will grow to
14,100 aircraft in 2018, resulting
in a CAGR of approximately 4%.
Europe
In recent years, Europe has
emerged as a strong market for
business jet orders. Buoyed by
the strong Euro – relative to the
U.S. dollar – strong economic
growth generated by the
expanding European Union and
the emergence of branded charter
business jet operators, Europe
accounted for an estimated 34%
of worldwide business jet orders
in 2008; compared with 29% for
North America.
The Euro-area economy entered
into recession approximately
one year later than the U.S. The
GDP is expected to decline by
4.3% in 2009, however orders
are expected to recover once
economic growth resumes, which
should occur within 12 months
after the U.S.
The growing European business
jet installed base will create a
signifcant replacement market in
coming years, ensuring that this
region will continue to be a major
source of demand for business
aircraft.
Europe will receive the second
largest number of business jet
deliveries with over 3,000 units
in the period from 2009 to 2018.
The 2008 feet of 1,700 business
jets will grow to 4,500 aircraft by
2018 with a feet growth CAGR of
approximately 10%.
regional details