There will be continued growth in the business aviation sector for the next five years, reflecting resilient economic conditions and wealth creation worldwide. This is the conclusion of Global Jet Capital's fifth annual Business Jet Market Forecast.

The detailed forecast, based on the company's proprietary transaction model, included projections for new deliveries and pre-owned transactions through 2029. “The market is seeing increased demand for both fleet-owned and whole-owned aircraft, with year-to-date departures increasing 2.8% in 2025 from year-ago levels. OEMs should steadily increase deliveries to fulfil high backlogs but lead times remain long, which has led to increased activity in the pre-owned market from some buyers with immediate needs. Overall, transactions are expected to increase 8.3 percent in 2025 and dollar volume should increase 6.0 percent. Over the next five years, transactions are expected to increase at an average annual rate of 3.9 percent,” says Andrew Farrant, chief marketing officer at Global Jet Capital.

Using its top-down econometric model, the company projected $206 billion in total transaction volume between 2025 and 2029, with dollar volume growing at an average annualised rate of 3.9 percent. Heavy long-range jet demand is expected to outpace other categories, increasing 5.3 percent for new and 6.1 percent for pre-owned aircraft. North America is projected to remain the largest business jet market, while Latin America should overtake Europe as the second largest due to higher pre-owned activity. The full forecast can be downloaded from the Global Jet Capital website.