Global Business Jet Rental Market Size, Share, Opportunities, And Trends By Type (Light, Medium, Large), By End-Use (Private, Operators), And By Geography - Forecasts From 2025 To 2030

The business jet rental market is projected to grow at a CAGR of 16.80% during the forecast period to reach US$20.881 billion by 2030 from US$9.674 billion in 2025.

The business jet rental market refers to the industry that provides private jet aircraft on a rental or charter basis for business and personal travel. It is an on-demand charter market where the price is paid on an on-demand charter, i.e., paid on a Pay-per-flight model. The market also operates on other service models, such as hourly-based rental or jet care programs, or subscription-based access. The market includes aircraft types such as light jets, carrying 4 to 7 passengers, Medium Jets – carrying 7 to 10 passengers and large jets- carrying 10+ passengers.

These aircraft are usually used for business trips, leisure travel, short-haul flights, and VVIP transportation by individuals, and also by private and government organizations. They can also be transformed for various objectives, such as rapid parcel delivery, emergency evacuation, and military cargo transportation.

The business jet rental market is experiencing significant growth due to several key factors, such as rising demand for luxury and on-demand travel by affluent individuals and corporate executives. As business jet rentals offer personalized experiences, such as on-demand scheduling, direct flights, and customized luxury services, catering to high-net-worth individuals and ultra-high-net-worth individuals, driving the popularity of private travel for business. Overall, globally, the number of millionaires is expected to exceed 87.5 million in 2026, growing 40 per cent from the 62.5 million wealthy individuals at the end of 2021. This will drive the demand for business jet rental programs among high-net-worth individuals and ultra-high-net-worth individuals.

Global Business Jet Rental Market Overview & Scope

The Global Business Jet Rental market is segmented by:

• Type: By Type, the market is segmented into light, medium, and large. Light jets are ideal for short-haul trips, typically accommodating 4 to 8 passengers with lower operating costs and the ability to access smaller airports. These are popular among small business owners and regional executives.
• Enterprise Size: By Enterprise Size, the market is divided between private and operators. Private is anticipated to grow at a significant rate during the forecast period.
• Region: The global business jet rental market, by geography, is segmented into regions including North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Each region plays a distinct role in the market's development. North America dominates the global business jet rental landscape, supported by a high concentration of ultra-high-net-worth individuals (UHNWIs), well-developed private aviation infrastructure, and strong corporate demand. Europe follows closely, with increasing cross-border business travel and a growing trend toward on-demand charter services. Asia Pacific is experiencing accelerated growth, fueled by growing economic activity, expanding corporate economies, and rising affluence among citizens of nations such as China, India, and Indonesia. The Middle East and Africa are aided by advantageous geographic location and luxury tourism demand, especially within nations such as the UAE and Saudi Arabia. South America is emerging, with growing interest in business aviation to overcome limited commercial flight connectivity across remote and underserved regions.

Top Trends Shaping the Global Business Jet Rental Market

1. Growing Non-Model Ownership

• Recent trends show that the global Business Jet Rental Market is driven by the rapid shift from traditional aircraft ownership to flexible non-ownership models. The global appetite for private aviation is growing, but full ownership of jets is no longer viewed as essential or financially prudent, even among the ultra-wealthy individuals. Instead, on-demand chartering, membership programs (jet cards), and fractional ownership are reshaping how private flying is consumed.
• This shift aligns with a wider global trend in luxury consumption: moving away from the ownership of high-cost, high-depreciation assets towards flexible access models that optimize value, convenience, and privacy. Owning a private jet entails high upfront costs, ongoing maintenance, depreciation, and operational complexity barriers that many UHNWIs and corporations now prefer to avoid.
• According to the General Aviation Manufacturers Association, 712 new business aircraft were delivered to customers in 2022, representing a rise from 703 in 2018.  According to the JETEX 2022 report, with the private jet traffic setting new records in 2022, experts predict up to 8,500 new business jet deliveries until 2031, which amounts to an estimated total value of US$ 274 billion.
• The growing non-ownership model is a powerful structural driver of the Business Jet Rental Market. It addresses the evolving expectations of modern UHNWIs and global business travelers who prioritize flexibility, privacy, time efficiency, and value over asset ownership. Owing to this shift, the demand for business jet rentals continues to accelerate worldwide, transforming the market landscape and broadening its appeal beyond traditional ownership circles.

2. Rise in HNWIs and UHNWIs

• The global rise in HNWIs and UHNWIs, particularly in regions like North America, Asia-Pacific, and the Middle East, is a major driver. For example, China consists of 20.1% of high-net-worth individuals.  The number of US dollar millionaires in China will increase by 97 per cent to 12.2 million by 2026 (Credit Suisse’s Global Wealth Report 2022). The 2025 edition of the Hurun Best of the Best, China High-Net-Worth Individuals (HNWI) Quality of Life Report, travel is the most preferred form of entertainment for Chinese HNWIs, with respondents averaging 24 days of vacation per year and two outbound trips annually. Business jets have emerged as a highly preferred option for private travel among the country’s wealthy individuals. Rental is one of the most preferred options, driving the business jet rental market.

Global Business Jet Rental Market Growth Drivers

Drivers:

• Technological Advancements: Technological advances in the aviation sector and interior cabin products are anticipated to make this growth probable and successful. As business jet rentals are being used for more than one activity now to meet the different needs of individuals, people are gradually becoming aware of their advantages. These jets provide comfort, optimum performance, convenience, ease of travel, and shorter fleet time, and hence are hugely adding to their enhanced demand.

As airline travel becomes remarkably stressful, tiresome, and time-consuming due to an escalation in the number of customers every day, a huge number of customers are starting to favour business jets for travel because of their benefits. Such enhanced demand is expected to favourably impact the business jet rental market as well.

Moreover, the advantages offered by business jet rentals, such as fewer people, lack of crowds and queues, high hygiene levels, direct flights, and flying as per one's schedule, contribute to the growth of the market. The introduction of new aircraft programs, coupled with a growing number of high-net-worth personnel, is anticipated to propel the growth of the market.Enterprises require sub-second insights across IoT, finance, manufacturing, retail, and security, driving investments in streaming platforms, edge computing, and scalable storage. This has led to the exponential growth in storage as a service.

• Increasing Aviation Demand in Developing Economies: The rise in disposable income, coupled with advancements in aviation infrastructure, is driving the growth of the global business jet rental market. Government data from India indicates significant developments in the aviation sector in 2023, with the inauguration of 60 new regional routes and the awarding of 54 new RCS Routes under UDAN.

Additionally, more than 91 lakh passengers benefited from the Digi Yatra facility. These statistics underscore the rapid expansion of the aviation industry, thereby contributing to the overall surge in demand for the business jet rental market.

Global Business Jet Rental Market Regional Analysis

• North America: North American market is expected to account for a notable share in terms of revenue and is anticipated to continue its dominance over the market throughout the forecast period. The presence of leading players and the widespread adoption of private jet rentals among end-users, particularly in the US, are factors driving the growth of the market in this region.

Moreover, huge domestic investment and customer spending are also among the factors boosting the expansion of this market in North America. The regional business aviation network, including producers, suppliers, dedicated airports, and Fixed Base Operators (FBOs), has observed rapid expansion, making it one of the most attractive regions for business aviation across the globe.

Apart from this, the increasing population of high-net-worth individuals and the sustained profitability of large businesses in the U.S. are boosting demand for luxury travel services. New York, California, Texas, and Florida are economic centers with a high percentage of wealthy individuals and corporate offices. Many individuals in this segment will prefer to rent planes to take advantage of private aviation's luxury, privacy, and customized service, minus the expense of aircraft ownership and upkeep. As wealth increases and executive operations continue to rely on business travel, the rental market for private jets is likely to increase steadily.

In addition, the availability of airports across the region facilitates business travel with ease. As North America is the largest region by area, business travelers must opt for the speediest mode of transport to save time. This further results in the growing demand for business jets.

Global Business Jet Rental Market Key Developments

• Company Expansion: In 2024, NetJets celebrated its 50th factory-new aircraft delivery into its fleet for 2024, which is an ever-popular Citation Latitude.

Global Business Jet Rental Market Segmentation:

By Type

• Light
• Medium
• Large

By End-Use

• Private
• Operators

By Region

• North America
  • USA
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Spain
  • Others
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Taiwan
  • Others

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1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL ADVANCEMENTS

5. GLOBAL BUSINESS JET RENTAL MARKET BY TYPE

5.1. Introduction

5.2. Light

5.3. Medium

5.4. Large

6. GLOBAL BUSINESS JET RENTAL MARKET BY END-USE

6.1. Introduction

6.2. Private

6.3. Operators

7. GLOBAL BUSINESS JET RENTAL MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. By Type

7.2.2. By End-Use

7.2.3. By Country

7.2.3.1. USA

7.2.3.2. Canada

7.2.3.3. Mexico

7.3. South America

7.3.1. By Type

7.3.2. By End-Use

7.3.3. By Country

7.3.3.1. Brazil

7.3.3.2. Argentina

7.3.3.3. Others

7.4. Europe

7.4.1. By Type

7.4.2. By End-Use

7.4.3. By Country

7.4.3.1. United Kingdom

7.4.3.2. Germany

7.4.3.3. France

7.4.3.4. Spain

7.4.3.5. Others

7.5. Middle East and Africa

7.5.1. By Type

7.5.2. By End-Use

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.2. UAE

7.5.3.3. Others

7.6. Asia Pacific

7.6.1. By Type

7.6.2. By End-Use

7.6.3. By Country

7.6.3.1. China

7.6.3.2. Japan

7.6.3.3. India

7.6.3.4. South Korea

7.6.3.5. Taiwan

7.6.3.6. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. NetJets 

9.2. Wheels Up Private Jets, LLC 

9.3. VistaJet 

9.4. XO Global LLC 

9.5. Magellan Jets 

9.6. Jettly, Inc. 

9.7. JSX 

9.8. Victor 

9.9. GlobeAir 

9.10. Oxygen Aviation 

9.11. Surf Air, Inc. 

10. APPENDIX

10.1. Currency 

10.2. Assumptions

10.3. Base and Forecast Years Timeline

10.4. Key benefits for the stakeholders

10.5. Research Methodology 

10.6. Abbreviations 

NetJets 

Wheels Up Private Jets, LLC 

VistaJet 

XO Global LLC 

Magellan Jets 

Jettly, Inc. 

JSX 

Victor 

GlobeAir 

Oxygen Aviation 

Surf Air, Inc.