Page 29 - Bombardier Market Forecast
P. 29
the forecast
Bombardier Business Aircraft | Market Forecast 2011-2030 29
Europe (continued) Fleet Evolution Forecast - Europe
Fleet, Deliveries, Retirements; 2010-2030
Since the beginning of the recession, Greece
has been under the most intense pressure. 500
Continuous high levels of public debt are
forcing Greece to further fiscal tightening over 2,200
the coming years, weighing on economic
activity. The ongoing financial crisis is expected 210
to further dampen private consumption and
investment. As a consequence, the Greek 1,900 5,190
economy is expected to further contract in
2011. This is expected to be the third year
of GDP contraction in a row. 3,490
1,800
Overall, after contracting its GDP by 4.1%
in 2009, the Eurozone rebounded with 1.7%
growth in 2010. According to IHS Global
Insight, the Eurozone GDP is forecast to grow Fleet 2010 Deliveries Retirements Fleet 2020 Deliveries Retirements Fleet 2030
1.5% in 2011. In the period from 2011 to Sources: Ascend, Bombardier forecast. Excludes Very Light Jet and Large Corporate Airline categories.
2030, growth is predicted to average 1.7%.
The recession may be over, but the econo-
mists are preaching caution as economic
growth carries on at a slowing rate.
For the last few years before the Great The growing business jet installed base in from 2011 to 2030; 1,900 aircraft between
Recession, Europe has taken an increasingly Europe will create a significant replacement 2011 and 2020; and 2,200 aircraft between
prominent position in the business aviation market, ensuring that this region will continue 2021 and 2030. The 2010 fleet of 1,800
market. The region saw its share of world- to be a major source of demand for business business jets will grow to 5,190 aircraft by
wide business jet deliveries jump from 12% jets. As the forecast business jet penetration 2030 with a fleet growth CAGR of approxi-
in 2003 to 31% in 2008. The main drivers curve shows, fleet per 100 million population mately 5%.
were the strong Euro relative to the U.S. is expected to grow from 470 to 1,300 over
dollar, significant economic growth generated the next 20 years. Europe will receive the
by the expanding European Union, and the second largest number of business jet
emergence of branded charter business jet deliveries with 4,100 aircraft in the period
operators.
Bombardier Business Aircraft | Market Forecast 2011-2030 29
Europe (continued) Fleet Evolution Forecast - Europe
Fleet, Deliveries, Retirements; 2010-2030
Since the beginning of the recession, Greece
has been under the most intense pressure. 500
Continuous high levels of public debt are
forcing Greece to further fiscal tightening over 2,200
the coming years, weighing on economic
activity. The ongoing financial crisis is expected 210
to further dampen private consumption and
investment. As a consequence, the Greek 1,900 5,190
economy is expected to further contract in
2011. This is expected to be the third year
of GDP contraction in a row. 3,490
1,800
Overall, after contracting its GDP by 4.1%
in 2009, the Eurozone rebounded with 1.7%
growth in 2010. According to IHS Global
Insight, the Eurozone GDP is forecast to grow Fleet 2010 Deliveries Retirements Fleet 2020 Deliveries Retirements Fleet 2030
1.5% in 2011. In the period from 2011 to Sources: Ascend, Bombardier forecast. Excludes Very Light Jet and Large Corporate Airline categories.
2030, growth is predicted to average 1.7%.
The recession may be over, but the econo-
mists are preaching caution as economic
growth carries on at a slowing rate.
For the last few years before the Great The growing business jet installed base in from 2011 to 2030; 1,900 aircraft between
Recession, Europe has taken an increasingly Europe will create a significant replacement 2011 and 2020; and 2,200 aircraft between
prominent position in the business aviation market, ensuring that this region will continue 2021 and 2030. The 2010 fleet of 1,800
market. The region saw its share of world- to be a major source of demand for business business jets will grow to 5,190 aircraft by
wide business jet deliveries jump from 12% jets. As the forecast business jet penetration 2030 with a fleet growth CAGR of approxi-
in 2003 to 31% in 2008. The main drivers curve shows, fleet per 100 million population mately 5%.
were the strong Euro relative to the U.S. is expected to grow from 470 to 1,300 over
dollar, significant economic growth generated the next 20 years. Europe will receive the
by the expanding European Union, and the second largest number of business jet
emergence of branded charter business jet deliveries with 4,100 aircraft in the period
operators.
