While sales of all business jets are expected to grow steadily over the next five years, those in the heavy, long-range category will pace the sector, according to a new forecast from Global Jet Capital.
Large-cabin jets offering greater range and passenger capacity are in increasingly high demand, according to the firm’s annual Business Jet Market Forecast, realeased on 13 October at the NBAA-BACE show in Las Vegas, providing a detailed vision of the sector’s medium-term growth.
Connecticut-based Global Jet Capital anticipates an ”increase in transaction volume for new and pre-owned heavy jets of 5% and 6%, respectively”.
“The range, passenger capacity and superior cabin experience of these aircraft make them increasingly popular,” the report says. ”Rebounding international travel will only enhance the appeal of these longer range aircraft, while the introduction of new heavy jets during the forecast period is set to further increase the appeal of this category.”
Overall, sales of new and used business jets are expected to generate a total of $206 billion between 2025 and 2029, with demand rising for both fractional and outright ownership of executive jets.
“The market is seeing increased demand for both fleet-owned and whole-owned aircraft, with year-to-date departures increasing 2.8% in 2025 from year-ago levels,” says Andrew Farrant, Global Jet Capital’s chief marketing officer.
“OEMs should steadily increase deliveries to fulfil high backlogs but lead times remain long,” he adds, leading to ”increased activity in the pre-owned market from some buyers with immediate needs.”
Business jet sales are expected to increase year on year by 8% in 2025, with transactions expected to increase at an average annual rate of 4% through 2029.
While North America is likely to remain the world’s top market for business jets, Latin America is expected to overtake Europe as the second-largest market based on the strength of demand for used aircraft. However, Global Jet Capital emphasises that Europe will remain an ”important market for years”.
