Market Overview
The China business jet market size was valued at USD 3,453.5 Million in 2025 and is projected to reach USD 5,462.8 Million by 2034, growing at a CAGR of 5.23% during the forecast period 2026-2034. This growth is driven by China’s economic development, infrastructure expansion, globalization, advancements in general aviation, airport construction, and strong government support. The market outlook signals robust opportunities for stakeholders in the business aviation sector.
Study Assumption Years
- Base Year: 2025
- Historical Year/Period: 2020-2025
- Forecast Year/Period: 2026-2034
China Business Jet Market Key Takeaways
- In 2025, the market size was USD 3,453.5 Million.
- The CAGR for the forecast period (2026-2034) is 5.23%.
- The market is forecasted to reach USD 5,462.8 Million by 2034.
- China represents 10% of the global commercial aircraft market, offering significant opportunities to manufacturers.
- The Asia-Pacific region had 1,154 business jets in 2023, with East Asia showing an 8.3% fleet growth.
- Mainland China had a fleet of 272 business jets at the end of 2023, with a 3.2% decline that year.
- The government’s “14th Five-Year Plan for General Aviation Development” targets 3,500 registered GA aircraft and 500 GA airports by 2025.
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Market Growth Factors
China’s business jet market is highly correlated with the Chinese economy and Chinese business environment. China represents about 10% of the global commercial aircraft market and offers business opportunities for commercial aircraft manufacturers through the next decade. With increased infrastructure built in China as well as globalization of Chinese companies, there is a continued demand for efficient transportation. Business jets make it faster for business executives to travel domestically or internationally to conduct business, which ultimately increases their productivity and performance.
According to the 2023 Fleet Report by the Asian Sky Group (ASG), with 1,154 operational business jets, Asia-Pacific grew 0.2% in 2023 following a 3.7% decrease in 2022, while East Asia grew 8.3% in 2023, mainly driven by South Korea and Japan. Mainland China remains the largest fleet market in the region with 272 aircraft, but its fleet has seen three consecutive years of decline: in 2023, the fleet’s decline had slowed to 3.2% from 14.3% in 2022.
Government policy can ease the development of the market. In June 2022, the CAAC published the ’14th Five-Year Plan for General Aviation Development’ which targets 3,500 general aviation aircraft registrations and 500 GA airports by the end of 2025. There are 3200 registered GA (General Aviation) aircraft and 399 GA airports in China today, and the plan also envisages the development of air rescue emergency services in 25 or more provinces. With regulatory support and infrastructure such as FBOs and maintenance bases, the environment for business jets in China is improving and encourages use by domestic and international business travelers.
Market Segmentation
Type Insights:
- Light
- Medium
- Large
The market is segmented based on aircraft type into light, medium, and large business jets, covering various customer needs and operational ranges.
Business Model Insights:
- On-Demand Service: Air Taxis, Branded Charters, Jet-Card Programs
- Ownership: Fractional Ownership, Full Ownership
The business model segmentation includes on-demand services such as air taxis, branded charters, and jet-card programs, as well as ownership options encompassing fractional and full ownership.
Range Insights:
- < 3,000 NM
- 3,000 – 5,000 NM
- > 5000 NM
The market is further categorized by aircraft range capabilities, including short range (< 3,000 NM), medium range (3,000 – 5,000 NM), and long range (> 5000 NM).
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Regional Insights
Mainland China stands as the dominant region within the Asia-Pacific business jet market segment. It had a fleet of 272 aircraft by the end of 2023, despite experiencing a 3.2% decline in numbers that year. This market leadership is reinforced by government objectives to expand general aviation infrastructure, including increasing registered GA aircraft to 3,500 and GA airports to 500 by 2025, fostering further growth opportunities.
Recent Developments & News
In May 2024, Airbus SE announced plans to build a new single-aisle jet factory in Tianjin, China, marking the establishment of a second final assembly line at its existing site following a CEO agreement signed in Beijing. Also in May 2024, Gulfstream Aerospace Corp., a subsidiary of General Dynamics, received European Union Aviation Safety Agency (EASA) type certification for its new Gulfstream G700, after the aircraft had obtained FAA type certification on March 29.
Key Players
- Airbus SE
- Gulfstream Aerospace Corp.
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