Page 31 - Bombardier Market Forecast
P. 31
the forecast
Bombardier Business Aircraft | Market Forecast 2011-2030 31
China (continued)
airspace access, high aircraft import taxes, a Fleet Evolution Forecast - China
shortage of airport infrastructure for business Fleet, Deliveries, Retirements; 2010-2030
aviation and high user fees are among the
factors which explain why China only hosts
an installed base of some 150 business jets 30
for a population of 1.3 billion. Nevertheless,
China’s number of civil airports is expected to
grow from 156 in 2009 to 244 by 2020.
1,400
Aside from the buoyant economic growth,
many factors suggest that China holds the 2,470
potential for a rapid business aircraft market 10
development in the coming years.
960 1,100
First, according to China.org.cn’s study of
the top 500 enterprises of China in 2010,
the revenues of the 500 largest companies 150
have been growing at an annual average rate Fleet 2010 Deliveries Retirements Fleet 2020 Deliveries Retirements Fleet 2030
of 21% between 2002 and 2010. Sources: Ascend, Bombardier forecast. Excludes Very Light Jet and Large Corporate Airline categories.
Moreover, its population of High Net Worth
Individuals (HNWI) has been increasing by an and the recent improvements to flight next 20 years. The Chinese business jet
1
impressive 10% per year on average between planning regulation and airspace liberalization fleet of 150 aircraft in 2010 is predicted to
2004 and 2009, according to Merrill Lynch will allow private aviation to blossom in grow at a CAGR of 15% over the next 20
and Capgemini. China is already the second China over the next 20 years. years, and to account for 2,470 aircraft in
largest luxury goods market, and is forecast 2030. 2,360 deliveries are expected in China
to gain the first place by 2015. Demand for business jets should increase throughout the next 20 years; 960 aircraft
as barriers progressively come down. As the between 2010 and 2020; and 1,400
All summed up, we expect that the cultural forecast business jet penetration curve aircraft between 2021 and 2030.
acceptance of business aviation, the rapid shows, fleet per 100 million population is 1
growth of HNWIs, the plans for new airports, expected to grow from 12 to 200 over the Individuals with investable assets over U.S. $1 Million.
Bombardier Business Aircraft | Market Forecast 2011-2030 31
China (continued)
airspace access, high aircraft import taxes, a Fleet Evolution Forecast - China
shortage of airport infrastructure for business Fleet, Deliveries, Retirements; 2010-2030
aviation and high user fees are among the
factors which explain why China only hosts
an installed base of some 150 business jets 30
for a population of 1.3 billion. Nevertheless,
China’s number of civil airports is expected to
grow from 156 in 2009 to 244 by 2020.
1,400
Aside from the buoyant economic growth,
many factors suggest that China holds the 2,470
potential for a rapid business aircraft market 10
development in the coming years.
960 1,100
First, according to China.org.cn’s study of
the top 500 enterprises of China in 2010,
the revenues of the 500 largest companies 150
have been growing at an annual average rate Fleet 2010 Deliveries Retirements Fleet 2020 Deliveries Retirements Fleet 2030
of 21% between 2002 and 2010. Sources: Ascend, Bombardier forecast. Excludes Very Light Jet and Large Corporate Airline categories.
Moreover, its population of High Net Worth
Individuals (HNWI) has been increasing by an and the recent improvements to flight next 20 years. The Chinese business jet
1
impressive 10% per year on average between planning regulation and airspace liberalization fleet of 150 aircraft in 2010 is predicted to
2004 and 2009, according to Merrill Lynch will allow private aviation to blossom in grow at a CAGR of 15% over the next 20
and Capgemini. China is already the second China over the next 20 years. years, and to account for 2,470 aircraft in
largest luxury goods market, and is forecast 2030. 2,360 deliveries are expected in China
to gain the first place by 2015. Demand for business jets should increase throughout the next 20 years; 960 aircraft
as barriers progressively come down. As the between 2010 and 2020; and 1,400
All summed up, we expect that the cultural forecast business jet penetration curve aircraft between 2021 and 2030.
acceptance of business aviation, the rapid shows, fleet per 100 million population is 1
growth of HNWIs, the plans for new airports, expected to grow from 12 to 200 over the Individuals with investable assets over U.S. $1 Million.
