In the European general aviation market, the United Kingdom currently holds a major share, in terms of revenue, followed by France. United Kingdom and France together holds approximately 2/3 of the Market Share; the rest is equally spread across Germany, Italy and Spain.
The United Kingdom is witnessing an increase in the number of developments related to general aviation. The United Kingdom ranks third among the other European countries, in terms of business jet fleet size.
There are over 27,000 civil aircraft registered in the United Kingdom, out of which 90% are involved in general aviation. VistaJet, Ravenair, Wijet, and Luxaviation United Kingdom are some of the main charter service providers in the United Kingdom. With the growing number of people opting for charter services for business travel in Europe, charter service providers are procuring new aircraft to increase their product portfolio.
Tourism is also expected to support the market growth for general aviation in the United Kingdom. Thus, various ongoing procurements may lead to growth in the UK general aviation market during the forecast period (from 2020 to 2024).
Source: Mordor Intelligence