The business jet market is highly consolidated with few players accounting for the majority of the market share. With many new models of business jets entering service and with the aftermarket activity of business jets strengthening, refurbishment providers are experiencing strong demand for their services. Moreover, customers, these days are preferring to change their interiors, with attractive materials, furnishings, colors, and other custom touches to make their aircraft cabins unique. This trend is also driving the market studied. The market is further segmented into maintenance type and components.
MARKET SCOPE
The business jet maintenance market Analysis to 2028 is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the business jet maintenance market with detailed market segmentation by maintenance type and components. The report provides key statistics on the business jet maintenance market status of the leading players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
On the maintenance type, the market is divided into Base maintenance and Line maintenance.
On the basis of components, the market is divided into Cabin, Engine, Airframe, Landing Gear, Avionics, and others as well.
MARKET DYNAMICS
Drivers- During the Covid 19 pandemic, people were more concern about their health, so people started travelling by private jets, even on the verge of extra money. This definitely increased their market retention.
Restraints- in 2020. All the manufacturing facilities were shut down, also unscheduled orders from consumers have also impacted the market growth negatively.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The business jet maintenance market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis evaluating the factors affecting the business jet maintenance market in these regions.
Impact of COVID-19 on Business Jet Maintenance Market
"The COVID-19 pandemic has severely impacted the aviation industry worldwide. To cope with various challenges, manufacturers are planning to design new safety norms for maintaining social distancing even during the post-COVID-19 era. A private jet operator named, JSX Air with fixed-based operators (FBO) has started following strict air travel guidelines to restrict transmission. Besides, government bodies of various countries are well-spoken about multiple solutions to prevent disordering in supply chains. Quadrilateral Security Dialogue (QUAD/QSD), for instance, declared its plan to develop an alternative supply chain process to keep trade activities going smoothly in the business jet industry. People decided during the peak of the COVID-19 pandemic that they would fly privately for the first time. This was partly due to a reduction in scheduled airline flights, but travelers also began to realize the safety, privacy, and convenience of flying on a private jet. This brought many new users into flying on business jets, both by charter, as well as looking into becoming first-time buyers.
MARKET PLAYERS
The report covers key developments in the business jet maintenance market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnerships & collaborations. These activities have paved way for the expansion of business and the customer base of market players. The market players from are business jet maintenance market anticipated to have lucrative growth opportunities in the future with the rising demand for business jet maintenance market in the global market. Below mentioned is the list of few companies engaged in the business jet maintenance market
The report also includes the profiles of key players in business jet maintenance market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABS Jets, a. s.
- Aero-Dienst GmbH
- AIRSHARE
- Aviation Technical Services
- Chantilly Air
- FAI Aviation Group
- Gama Aviation Plc
- Jet Aviation Inc.
- Jet Linx Aviation
- Polar Aviation Oy