Pre-owned transaction volume forecast per segment
Existing corporate and individual owners looking to upgrade their aircraft will drive sales volume.
New entrants to the market will also continue to be key
for market growth. Many, having tested the waters with charter and fractional ownership – which is now more accessible due to increasing wealth, will go on to full ownership. As expected, after the high trading levels of 2021, where light jets saw a significant increase in demand to cater for domestic travel, 2022 saw an 18% drop in total transaction volume.
During the remainder of 2023 and throughout the forecasted period, the number of pre-owned transactions is expected to grow steadily again and exceed previous highs by 2027 – an average increase of 4.7% per year.
*Compound annual growth rate