Global Business Jet Market Report 2022-2031 Featuring Top 5 OEMs - Gulfstream Aerospace, Bombardier, Dassault Aviation, Textron Aviation, Embraer
Dublin, June 09, 2022 (GLOBE NEWSWIRE) -- The "Global Business Jet Market-2022-2031 - Market Size, Competitive Landscape Market Shares, Strategies Plans for Industry OEMs, Key Trends Growth Opportunities, Market Outlook Demand Forecast through 2031" report has been added to ResearchAndMarkets.com''s offering. The Global Business Jet Market has been cruising steadily with strong demand for new used jets with the industry witnessing a virtual windfall for order intake along with growing order books surging backlogs driven by growing demand for private travel bio-bubbles boosting demand for jets across segments especially from a large number of first time buyers entering the business aviation market. The book to bill ratios across industry OEMs have been improving for the OEMs across segments while fleet utilization, too, continues to soar across the board, thereby, bolstering MRO activity and service revenues for the industry. However, the industry has also been facing headwinds in form of continued challenges emanating from uncertainty over pandemic''s likely direction going forward and the ongoing Russia-Ukraine War marked by supply chain disruptions, strains, uncertainty bottlenecks apart from production disruptions owing to shortfall rising material input costs, including, ongoing global shortage of semi-conductors which have plagued production across industries.
Global Business Jet Market Report 2022-2031 Featuring Top 5 OEMs - Gulfstream Aerospace, Bombardier, Dassault Aviation, Textron Aviation, Embraer
Dublin, June 09, 2022 (GLOBE NEWSWIRE) -- The "Global Business Jet Market-2022-2031 - Market Size, Competitive Landscape Market Shares, Strategies Plans for Industry OEMs, Key Trends Growth Opportunities, Market Outlook Demand Forecast through 2031" report has been added to ResearchAndMarkets.com''s offering. The Global Business Jet Market has been cruising steadily with strong demand for new used jets with the industry witnessing a virtual windfall for order intake along with growing order books surging backlogs driven by growing demand for private travel bio-bubbles boosting demand for jets across segments especially from a large number of first time buyers entering the business aviation market. The book to bill ratios across industry OEMs have been improving for the OEMs across segments while fleet utilization, too, continues to soar across the board, thereby, bolstering MRO activity and service revenues for the industry. However, the industry has also been facing headwinds in form of continued challenges emanating from uncertainty over pandemic''s likely direction going forward and the ongoing Russia-Ukraine War marked by supply chain disruptions, strains, uncertainty bottlenecks apart from production disruptions owing to shortfall rising material input costs, including, ongoing global shortage of semi-conductors which have plagued production across industries.