Report : North America Fixed-Base Operator Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Services Offered (Hangaring, Fuelling, Flight Instructions, Aircraft Maintenance, and Aircraft Rental) and Application (Business Aviation and Leisure Aviation)
At 6.0% CAGR, the North America Fixed-Base Operator Market is speculated to be worth US$ 12,638.33 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America fixed-base operator market was valued at US$ 8,897.06 million in 2022 and is expected to reach US$ 12,638.33 million by 2028, registering a CAGR of 6.0% from 2022 to 2028. Growth of business aviation sector and fuelling services contribute significantly to fixed-base operator service business are the critical factors attributed to the North America fixed-base operator market expansion.
The increasing number of individuals with ultrahigh net worth in developing regions is a one of the key factors boosting the business aviation sector. The market is expected to grow globally as falling prices of pre-owned corporate aircraft make operating leases more attractive for buyers. The demand for business jets in other parts of the world is increasingly high due to mounting international trade and businesses, and surge in corporate travel activities, especially including managerial executives. According to the General Aviation Manufacturers Association (GAMA), the business jet manufacturers delivered 809, 644, and 710 aircraft in 2019, 2020, and 2021 respectively, and the production and delivery of business jets are further expected to grow in the coming years. Thus, the growth of the business aviation sector due to rising demand for business jets is bolstering the North America fixed-base operator market growth.
On the contrary, staffing shortages and high operational costs hurdles the growth of the North America fixed-base operator market.
Based on services offered, the North America fixed-base operator market is segmented into hangaring, fuelling, flight training, aircraft maintenance, aircraft rental. The fuelling segment held 42.5% share of North America fixed-base operator market in 2022, amassing US$ 3,776.82 million. It is projected to garner US$ 5,160.75 million by 2028 to expand at 5.3% CAGR during 2022–2028.
Based on application, the North America fixed-base operator market is bifurcated into Business aviation and leisure aviation. The Business aviation segment held 76.4% share of North America fixed-base operator market in 2022, amassing US$ 6,796.69 million. It is projected to garner US$ 9,808.26 million by 2028 to expand at 6.3% CAGR during 2022–2028.
Based on country, the North America fixed-base operator market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 67.0% share of North America fixed-base operator market in 2022. It was assessed at US$ 5,962.09 million in 2022 and is likely to hit US$ 8,327.39 million by 2028, exhibiting a CAGR of 5.7% during the forecast period.
Key players profiles in the North America fixed-base operator market report are Abilene Aero; Atlantic Aviation FBO Inc.; Avemex SA De CV; DEER JET CO. LTD.; dnata Corporation; ExecuJet Aviation Group AG; General Dynamics Corporation; Jetex; Luxaviation; Signature Aviation; Swissport; and Universal Weather and Aviation, Inc., among others.
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