Page 30 - Bombardier Market Forecast
P. 30
the forecast
Bombardier Business Aircraft | Market Forecast 2011-2030 30
China
Business Jet Penetration Forecast - China
Fleet per capita vs. GDP per capita, 1960-2030
1,000 2030
Fleet per 100 Million Population (Log Scale) 100 2010
China delivered a stellar performance during 10
the Great Recession with 9.1% and 10.3% Actual
growth in 2009 and 2010. The Chinese 1960 Forecast
government has been implementing measures 1
to prevent the economy from overheating. 100 1,000 10,000 100,000
GDP per Capita (USD, Log Scale)
Credit tightening should start cooling down Sources: Ascend, IMF, IHS Global Insight, UN Population Project, Bombardier forecast. Includes very light jets.
domestic demand and price controls for the
property market should limit construction
activities. Given the Chinese public’s high economic growth. Given China’s large economy is expected to grow at 9.5% in
financial savings, consumer-demand growth population and vast physical size, strong 2011. China is expected to account for an
should remain resilient throughout the year. growth could continue for several years annual average GDP growth of 7.2% for
and spread from coastal areas to inland the next 20 years.
Traditionally driven by export markets, China provinces. In its 12th 5-year plan, China
is determined to accelerate its transition will continue to focus on inclusive growth, Business aviation in China is at its very
toward a more domestically based economy. by guaranteeing housing affordability and early stages. Over the past years, significant
Taking a longer term perspective, China by investing massively in rural regions. barriers have prevented the Chinese business
and India are expected to lead the world’s According to IHS Global Insight, China's jet market to grow to its potential. Restrictive
Bombardier Business Aircraft | Market Forecast 2011-2030 30
China
Business Jet Penetration Forecast - China
Fleet per capita vs. GDP per capita, 1960-2030
1,000 2030
Fleet per 100 Million Population (Log Scale) 100 2010
China delivered a stellar performance during 10
the Great Recession with 9.1% and 10.3% Actual
growth in 2009 and 2010. The Chinese 1960 Forecast
government has been implementing measures 1
to prevent the economy from overheating. 100 1,000 10,000 100,000
GDP per Capita (USD, Log Scale)
Credit tightening should start cooling down Sources: Ascend, IMF, IHS Global Insight, UN Population Project, Bombardier forecast. Includes very light jets.
domestic demand and price controls for the
property market should limit construction
activities. Given the Chinese public’s high economic growth. Given China’s large economy is expected to grow at 9.5% in
financial savings, consumer-demand growth population and vast physical size, strong 2011. China is expected to account for an
should remain resilient throughout the year. growth could continue for several years annual average GDP growth of 7.2% for
and spread from coastal areas to inland the next 20 years.
Traditionally driven by export markets, China provinces. In its 12th 5-year plan, China
is determined to accelerate its transition will continue to focus on inclusive growth, Business aviation in China is at its very
toward a more domestically based economy. by guaranteeing housing affordability and early stages. Over the past years, significant
Taking a longer term perspective, China by investing massively in rural regions. barriers have prevented the Chinese business
and India are expected to lead the world’s According to IHS Global Insight, China's jet market to grow to its potential. Restrictive
