Market Size of Europe Light and Very Light Jets Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2018 - 2020 |
| CAGR | > 1.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Light & Very Light Jets Market Analysis
The Europe Light and Very Light Jets Market is expected to register a CAGR of over 1% during the forecast period.
- Europe has a favorable ecosystem for the growth of the light and very light jets market. The increasing number of short-distance business trips and the presence of a large number of HNWIs and globally renowned corporate organizations in Europe, combined with the growing travel and tourism industry in the region is generating the demand for charter, corporate and personal non-scheduled travel. These factors are driving the growth of the market currently.
- However, the advent of the Covid-19 pandemic has badly affected the revenues of business jets operators. According to the European Business Aviation Association, several business jet operators were adversely impacted financially due to travel restrictions by national authorities, which may further force them to either cancel or postpone their purchase plans.
