Following a 12% growth in business aircraft billings in 2024, the Teal Group is anticipating that the market will experience 10% growth this year. Releasing a 10-year forecast in its World Military and Civil Aircraft Briefing this week, Teal however predicted that the business aircraft market will flatten out—if not soften—over the next 10 years.

Teal is forecasting 10,693 business aircraft deliveries valued at $273.50 billion from 2025 through 2034. This forecast is slightly tempered (by a tenth of a percentage point) from last year’s 10-year outlook.

According to Teal, 1,045 business aircraft valued at $25.6 billion were delivered last year, up 3.2% in units and 12.1% in revenues from 2023. This year, Teal foresees deliveries climbing 5.8% to 1,106 business aircraft and values soaring 10.1% to $28.19 billion.

Last year’s results were moderated by the strike at Textron Aviation, but deliveries of new large-cabin business jets drove the revenue gains, Teal maintained.

The forecast also predicts 7,534 civil rotorcraft deliveries worth $53.54 billion through 2034, a slight improvement over last year’s outlook. For 2025, Teal anticipates delivery of 796 civil rotorcraft, up 3.9% from 766 in 2024, while revenues increase 7% to $5.18 billion, compared with $4.84 billion last year.

Overall, with commercial, business, and utility aircraft, and civil rotorcraft, Teal expects steady market growth until 2030, followed by a cyclic downturn.