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Asia Pacific Business Jet Rental Market to be Driven by Entry of New Business Jets OEMs

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Published on : Jun 27, 2016

ALBANY, New York, June 27, 2016: ResearchMoz.us recently announced the inclusion of a market research study to its vast repository of research reports. The 115-page study, titled “Asia Pacific Business Jet Rental Market: Trends, Opportunities and Forecasts (2016-2021) (By Type of Jets-Light Jets, Medium Jets & Heavy Jets: By Country-China, India & Australia: Company Analysis),” offers a comprehensive analysis of the market. The key drivers, barriers, product segmentation, and the competitive landscape of the Asia Pacific business jet rental market have been discussed in the report. 

Business jets are specially designed for the transportation of small groups of people. These jets are also used for express parcel deliveries, evacuation of casualties, and transport of business executives and influential personalities. The entry of new business jets original equipment manufacturers (OEMs) is one of the major opportunities for the players to expand their product portfolio and gain a competitive advantage. 

In the last few years, the business jet rental market in Asia Pacific has witnessed remarkable growth and is projected to continue with the same throughout the forecast period. The rapid growth of this market can be attributed to the technological advancements and innovations, growing GDP, and increasing number of business jet travel. 

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Furthermore, the rising government initiatives for improving infrastructure are expected to augment the growth of the market. The emerging use of business jets for leisure activities, business trips, and during medical emergencies are some of the other factors propelling the business jet rental market in Asia Pacific. 

As prominent business officials travel more frequently in keeping with their growing net worth, the demand for business jet rental is projected to increase in Asia Pacific. Moreover, the rising disposable income among the population is estimated to fuel the growth of the market in the forecast period. The research study discusses the potential opportunities and current trends in the market to provide a clear understanding of the Asia Pacific business jet rental market. The past performance of and forecast for the Asia Pacific business jet rental market have been presented with the help of tables, charts, and infographics.

By type, the Asia Pacific business jet rental market has been classified into heavy, medium, and light jets. The segmentation of business jets is done on the basis of size and weight they are allowed to carry. The demand, supply, size, and share of each segment have been included in the research report. Furthermore, the study analyzes the major regional markets such as India, Australia, and China. 

Some of the leading players active in the Asia Pacific market for business jet rental are Jet Edge International, Span Air Private Limited, Prime Aviation JSC, Global Jet, Luxaviation, Tag Aviation Asia, L'voyage - Private Journey, Australian Corporate Jet Centres, Nakanihon Air Service, Ltd., Pacific Flight Services Pte Ltd, Execujet Aviation Group, Global Jet International, Club One Air, and Raymond Ltd. (Aviation Division).

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