Total new and pre-owned business jet transaction unit volume is forecast to decrease 2.6 percent in 2023 as pre-owned transactions continue to normalize from the all-time high volume seen in 2021.
Following a strong 2021, major aircraft manufacturers continued to report strong order intake in 2022. At the same time, supply chain constraints continued to limit production.
Pre-owned transactions are expected to continue declining in 2023 as they did in 2022. Unit volume is forecast to decline 4.8 percent while dollar volume is forecast to decline 8.5 percent.
North America is forecast to continue to be the largest market for both new and pre-owned business jets, making up 77 percent of the total market. Europe is also an important market and Latin America will remain a significant market for pre-owned aircraft.
