Global Jet Capital, a global leader in financial solutions for business aircraft, released its 5th annual Business Jet Market Forecast to coincide with the beginning of the National Business Aviation Association (NBAA) convention in Las Vegas. In the updated report, the company projects continued growth in the business aviation industry for the next five years, keeping pace with resilient economic growth and wealth creation worldwide.

The forecast also contains insights and projections for the business aviation market through 2029, including breakdowns of new deliveries and pre-owned transactions. The high level of detail in the report is based on outputs generated by Global Jet Capital’s proprietary transaction forecast model.

Business Jet Market Outlook Overview

The business jet market is projected to experience steady growth from 2025 to 2029, driven by economic expansion and increasing demand for business aviation.

• Total new and pre-owned business jet transaction unit volume is forecast to increase by 8.3% in 2025.

• Transaction dollar volume is expected to grow at a rate of 6% in 2025.

• New deliveries are projected to rise by 4.4% in 2025, with an average annual growth rate of 2.7% over the next five years.

• Pre-owned transactions are anticipated to grow by 9.5% in 2025, with an average annual growth rate of 4.2% over the next five years.

Key Themes Influencing Market Growth

Economic factors and demand for business aviation are key drivers of market growth through 2029.

• Business jet demand is forecast to grow at an annualized rate of 3.9% over the next five years.

• Global GDP is expected to expand by 2.6% year-over-year in 2025, supporting business jet demand.

• Flight activity increased by 2.8% from January to July 2025 compared to the same period in 2024.

• New deliveries rose by 5.1% year-over-year through July 2025, with orders increasing by 24.7% year-over-year in 2024.

Total Market Activity Overview

The business jet market has shown fluctuations but is on a growth trajectory as supply chain issues improve.

• Market activity declined in 2022 and 2023 but began to recover in 2024.

• Total transaction volume is expected to increase by 8.3% year-over-year in 2025.

• Average annual growth in transaction unit volume and dollar volume is projected at 3.9%.

New Market Deliveries and Trends

New business jet deliveries are set to increase, supported by strong backlogs and economic growth.

• New deliveries increased by 3.8% in 2024 compared to 2023.

• Backlogs for major OEMs were 7.4% higher at the end of 2024 than at the end of 2023.

• New delivery dollar volume is projected to increase at a rate of 5.8% in 2025.

• Heavy jets are expected to grow at an average annual rate of 5.3% between 2024 and 2029.

Pre-Owned Market Dynamics and Forecast

The pre-owned business jet market is expected to continue its growth, driven by strong demand and market normalization.

• Pre-owned transactions are forecast to grow by 9.5% year-over-year in 2025.

• Over the next five years, 13,696 pre-owned transactions valued at $96.96 billion are projected.

• Heavy jets are expected to grow at an annualized rate of 6.1%, increasing their market share.

Global Distribution of Transactions

North America remains the dominant market for business jets, with significant shares in both new and pre-owned transactions.

• North America is forecast to account for 73.8% of global business jet transactions from 2025 to 2029.

• Latin America is expected to be the second-largest market, with 11.3% of transactions.

• Pre-owned aircraft will account for 88.3% of transactions in Latin America.