Page 35 - Bombardier Market Forecast
P. 35
the forecast
Bombardier Business Aircraft | Market Forecast 2011-2030 35
Latin America (continued)
The economy of the region has traditionally Fleet Evolution Forecast - Latin America
been driven by exports of manufactured Fleet, Deliveries, Retirements; 2010-2030
goods, agricultural products and natural
resources, such as oil and minerals. Tourism 430
is also an important driver, notably for
Mexico and the Caribbean. 1,200
According to Forbes, Latin America experi- 360
enced a jump in its number of billionaires, 925
going from 36 in 2009 to 53 in 2010. Mexico
ranks above Brazil and Argentina in sales of 2,735
luxury brands in Latin America and is the
home of the world's wealthiest individual in 1,965
2011: Carlos Slim Helu. According to IHS 1,400
Global Insight, in 2011, Latin America’s
growth is predicted to be at 4.6%. Over the
20-year forecast period, the Latin American
economy is forecast to grow, on average, Fleet 2010 Deliveries Retirements Fleet 2020 Deliveries Retirements Fleet 2030
by 4.3% per year. Sources: Ascend, Bombardier forecast. Excludes Very Light Jet and Large Corporate Airline categories.
Business aviation has a long and well-estab- As the forecast business jet penetration
lished presence in Latin America, particularly curve shows, fleet per 100 million population
in Mexico and Brazil. The success of business is expected to grow from 315 to 500 over
aviation in the region is partly due to the poor the next 20 years. Latin America is forecast
scheduled airline service in the area. Latin to take delivery of 2,125 business jets in the
America shows a noticeably high proportion period from 2011 to 2030, with 925 aircraft
of business jets in the Light category. In late between 2011 and 2020 and 1,200 deliveries
2010, the region had one of the oldest busi- between 2021 and 2030. The 2010 fleet of
ness jet fleets in the world, with an average 1,400 business jets will grow to 2,735
age of 18.5 years (versus 15.7 years world- aircraft in 2030 resulting in a CAGR of
wide). As a result, the region should account approximately 3%.
for a significant amount of replacements.
Bombardier Business Aircraft | Market Forecast 2011-2030 35
Latin America (continued)
The economy of the region has traditionally Fleet Evolution Forecast - Latin America
been driven by exports of manufactured Fleet, Deliveries, Retirements; 2010-2030
goods, agricultural products and natural
resources, such as oil and minerals. Tourism 430
is also an important driver, notably for
Mexico and the Caribbean. 1,200
According to Forbes, Latin America experi- 360
enced a jump in its number of billionaires, 925
going from 36 in 2009 to 53 in 2010. Mexico
ranks above Brazil and Argentina in sales of 2,735
luxury brands in Latin America and is the
home of the world's wealthiest individual in 1,965
2011: Carlos Slim Helu. According to IHS 1,400
Global Insight, in 2011, Latin America’s
growth is predicted to be at 4.6%. Over the
20-year forecast period, the Latin American
economy is forecast to grow, on average, Fleet 2010 Deliveries Retirements Fleet 2020 Deliveries Retirements Fleet 2030
by 4.3% per year. Sources: Ascend, Bombardier forecast. Excludes Very Light Jet and Large Corporate Airline categories.
Business aviation has a long and well-estab- As the forecast business jet penetration
lished presence in Latin America, particularly curve shows, fleet per 100 million population
in Mexico and Brazil. The success of business is expected to grow from 315 to 500 over
aviation in the region is partly due to the poor the next 20 years. Latin America is forecast
scheduled airline service in the area. Latin to take delivery of 2,125 business jets in the
America shows a noticeably high proportion period from 2011 to 2030, with 925 aircraft
of business jets in the Light category. In late between 2011 and 2020 and 1,200 deliveries
2010, the region had one of the oldest busi- between 2021 and 2030. The 2010 fleet of
ness jet fleets in the world, with an average 1,400 business jets will grow to 2,735
age of 18.5 years (versus 15.7 years world- aircraft in 2030 resulting in a CAGR of
wide). As a result, the region should account approximately 3%.
for a significant amount of replacements.
