LONDON – Boeing said Wednesday that it expects a $2.8 trillion market for new commercial airplanes over the next 20 years.
The strong demand will lead to a more environmentally-friendly fleet to accommodate the forecasted 5 percent annual increase in passenger traffic and a 6.1 percent annual increase in air cargo traffic.
“Air travel is going to continue to grow, driven by economic growth, world trade, liberalization, and by the availability of new, more capable and more efficient airplanes,” said Boeing Commercial Airplanes Vice President, Marketing, Randy Tinseth. “This growth will occur in an environmentally responsible and accountable manner that addresses greenhouse gas reduction efforts with progressive new aircraft and increased operational efficiencies in the air transportation system.”
Boeing is forecasting a market of 28,600 new commercial airplanes by 2026, with a much more balanced demand in aircraft by region over the forecast period.
Of the $2.8 trillion, the Asia-Pacific region will constitute 36 percent of the delivery dollars, North America will be 26 percent, and Europe, Russia and the Commonwealth of Independent States will be 25 percent. The remaining 13 percent will be from Latin America, the Middle East and Africa.
Over the next 20 years, passenger and cargo airlines will take delivery of:
• 3,700 regional jets
• 17,650 single-aisle airplanes
• 6,290 twin-aisle airplanes
• 960 airplanes 747-size or larger
• 3,700 regional jets
• 17,650 single-aisle airplanes
• 6,290 twin-aisle airplanes
• 960 airplanes 747-size or larger
“The single-aisle segment will continue to have the greatest demand in terms of units,” said Tinseth. “This is partially driven by continued high growth in low-cost carriers.”