The Asia Pacific business jet fleet grew 15 percent last year, from 647 to 744 new or pre-owned aircraft, according to Asian Sky Group’s (ASG) Asia Pacific Business Jet Fleet Report, a comprehensive end-of-2014 review covering the size and changing compositions of the fleets throughout the region. The report is to be released today here at ABACE. Also included is a forecast for 2015, which predicts the Greater China fleet growth will be “just in the area of 10 percent” this year.

China’s fleet, the largest in the region, grew 16 percent last year, from 256 to 297 jets, the Hong Kong-based consultancy found. The annual growth rate is down from the 20-percent level seen over the past five years. (In 2013, China’s fleet grew by 26.7 percent.) According to the report, 2014 was a “challenging” year for China, enabling other countries to emerge and showcase their strength in the market, primarily Thailand, Malaysia, Singapore and Indonesia. Sales of pre-owned jets in the Greater China region declined by half during the past year, the report found.

Gulfstream is the region’s market leader, having delivered 30 aircraft in the Asia Pacific region during the past year (32 percent of additions). These were mostly G450s and G550s, though G650s were also added.

Bombardier holds the second position, with 22 aircraft added to the fleet, representing 23 percent of the growth, while Dassault ranked next with 14 Falcons joining the fleet, marking 13 percent of the growth.

The report finds significant variations within the region’s fleets. In Singapore and Malaysia, Bombardier is the market leader, while Indonesia is Embraer’s biggest market in the region outside of China.

Cessna and the discontinued Hawker line dominate the Philippines light and midsize jet fleets, which the report notes is one of the oldest in Asia Pacific. South Korea is also a strong market for Cessna, but the country also has the largest concentration of BBJs in the entire region.

The 90-plus page report (available to download online for free) includes a breakdown of the region’s fleet by country, OEM, size category, model, country of registration, and fleet age distribution, as well as a catalog of FBO, maintenance, financing institutions, completion centers and other business aviation support services.

A follow-on to the company’s Greater China Business Jet Fleet Report released at ABACE 2014, the expanded report covers Brunei, Cambodia, Greater China (China, Hong Kong, Macao, Taiwan), Indonesia, Japan, Malaysia, Myanmar, Papua New Guinea, the Philippines, Singapore, South Korea and Thailand.