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Bombardier Business Aircraft Market Forecast 2009 - 2018
07
Throughout history, the business
jet market has proven to be highly
cyclical. Over the past 40 years,
the industry has been defned
by multiple up and down cycles.
From 1965 to 1995, the CAGR
for industry deliveries was 4%,
with most of the growth coming
from its main market, the United
States. After 1995, the business
jet industry began expanding
to other regions of the world,
generating much higher growth,
12% on average.
The following section describes
the last historical business cycles
since 2001.
The 2001-2003 Downturn
The 2001-2003 downturn was
caused by various factors. The
high percentage of aircraft for sale
on the pre-owned market at the
end of the 1990s was the frst
sign of a market slowdown. In the
U.S., conjectural factors like the
slowdown of the economy and the
fall of corporate profts at the end
of 2000 and in 2001 considerably
reduced the demand for business
jets. Business aviation suffered, to
a lesser extent than commercial
aviation, from the climate of
uncertainty that followed 9/11.
The reduction in the overall
number of gross business jet
orders, coupled with massive
cancellations from both traditional
and fractional jet businesses,
forced Original Equipment
Manufacturers (OEMs) to sharply
reduce aircraft production.
historical market performance
Historical Business Jet Market Deliveries
Units, calendar years 1965-2008
Source: Actual deliveries from GAMA. Very Light Jets include CJ1+, CJ2+, Mustang, Phenom 100, Premier I and Eclipse 500.
Excludes ACJ & BBJ.
65 67 69 71 73 75 77 79 81 83 85 87 89 91 93 95 97 99 01 03 05 07
1000
900
800
700
600
500
400
300
200
100
0
2008
CAGR = 4%
CAGR = 12%