Dublin, May 09, 2025 (GLOBE NEWSWIRE) -- The "Business Jet Rental Market Report 2025" has been added to ResearchAndMarkets.com's offering.
This Business Jet Rental Market report delivers an in-depth analysis of the market's key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.
The business jet rental market size has grown rapidly in recent years. It will grow from $7.5 billion in 2024 to $8.71 billion in 2025 at a compound annual growth rate (CAGR) of 16.2%. The growth during the historic period can be attributed to the rising demand for luxury travel, an increase in corporate travel, the expansion of the aviation industry, the rise of hybrid flight models, and the growing use of electric jets.
The business jet rental market size is expected to see rapid growth in the next few years. It will grow to $15.69 billion in 2029 at a compound annual growth rate (CAGR) of 15.9%. The growth during the forecast period can be attributed to the rising demand for on-demand travel, increased disposable income, a growing preference for private travel, the rising number of ultra-high-net-worth individuals, and the expansion of private jet networks. Key trends expected during this period include the introduction of on-demand booking platforms, improvements in fuel efficiency, enhanced in-flight connectivity, the development of more sustainable and eco-friendly aircraft, AI-driven flight optimization, and personalized luxury services tailored to customer preferences.
The growing demand for the aviation industry is expected to drive the expansion of the business jet rental market in the future. For example, according to a report by the Bureau of Transportation Statistics, a US-based government agency, airlines saw a significant increase in passenger traffic in 2022, carrying 853 million passengers, a 30% rise from the previous year. This growing demand for aviation drives the growth of the business jet rental market.
Companies in the business jet rental market are focusing on innovative luxury jet charter services to meet the needs of high-net-worth individuals, corporate executives, and VIP travelers, offering personalized, on-demand, and highly comfortable air travel experiences. For instance, in January 2025, FlyJetr, a Poland-based commercial company specializing in business aviation and VIP charter flights, launched its premier luxury jet charter service, aiming to redefine private aviation and make luxury air travel more accessible. FlyJetr introduced a one-touch Set and Jet access feature, enabling clients to effortlessly book flights on over 15,000 jets to 12,000 airports worldwide, catering to both business and leisure travelers. FlyJetr emphasizes personalized services tailored to individual preferences, ensuring memorable journeys for clients. The Set and Jet feature streamlines the flight booking process, enhancing flexibility and convenience. FlyJetr is positioned to serve a wide range of clients, including high-net-worth individuals and corporate customers, with access to a vast fleet of jets and numerous airports.
North America was the largest region in the business jet rental market in 2024. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the business jet rental market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Report Scope
Markets Covered:
1) by Rental Type: on-Demand Charter; Fractional Ownership; Jet Card Programs; Aircraft Leasing
2) by Aircraft Type: Light; Medium; Large
3) by End-User: Private; Operators
Subsegments:
1) by on-Demand Charter: Light Jets; Midsize Jets; Super Midsize Jets; Heavy Jets; Ultra-Long-Range Jets
2) by Fractional Ownership: Fixed Hourly Contracts; Flexible Share Plans; Equity-Based Ownership; Non-Equity Lease Programs; Corporate Fractional Programs
3) by Jet Card Programs: Prepaid Hourly Jet Cards; Pay-as-You-Fly Jet Cards; Membership-Based Jet Cards; Regional Jet Cards; International Jet Cards
4) by Aircraft Leasing: Short-Term Leasing; Long-Term Leasing; Wet Leasing (ACMI); Dry Leasing; Operating Lease
Key Companies Profiled: NetJets Inc.; Jet Aviation AG; Wheels Up Partners LLC; Flexjet LLC; Solairus Aviation LLC
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Reasons to Purchase:
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- All data from the report will also be delivered in an excel dashboard format.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2025-2029 |
| Estimated Market Value (USD) in 2025 | $8.71 Billion |
| Forecasted Market Value (USD) by 2029 | $15.69 Billion |
| Compound Annual Growth Rate | 15.9% |
| Regions Covered | Global |
The companies featured in this Business Jet Rental market report include:
- NetJets Inc.
- Jet Aviation AG
- Wheels Up Partners LLC
- Flexjet LLC
- Solairus Aviation LLC
- VistaJet Limited
- XO Global LLC
- Gama Aviation PLC
- Jet Linx Aviation
- Air Charter Service Group Ltd.
- Clay Lacy Aviation Inc.
- Executive Jet Management Inc.
- Nicholas Air LLC
- Airshare LLC
- JetSuite Inc.
- Magellan Jets LLC
- GlobeAir AG
- Sentient Jet
- SaxonAir
- Victor International Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/84exsu
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