Boeing Projects $4.5 Trillion Airline Market Over 20 Years

05.07.2012 Aviation & Space
Boeing Projects $4.5 Trillion Airline Market Over 20 Years

Boeing Projects $4.5 Trillion Airline Market Over 20 Years

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Boeing projects a $4.5 trillion market for 34,000 new airplanes over the next 20 years as the current world fleet doubles in size, according to the Boeing 2012 Current Market Outlook (CMO) released today. The company's annual forecast reflects the strength of the commercial aviation market.


“The world's aviation market is broader, deeper and more diverse than we've ever seen it. It has proven to be resilient even during some very challenging years and is driving production rate increases across the board,” said Randy Tinseth, Vice President of Marketing, Boeing Commercial Airplanes.

Airline traffic is forecasted to grow at a 5% annual rate over the next two decades, with cargo traffic projected to grow at an annual rate of 5.2%. The single-aisle market, served by Boeing's Next-Generation 737 and the future 737 MAX, will continue its robust growth. Widebodies, such as Boeing's 747-8, 777 and 787 Dreamliner, will account for almost $2.5 trillion dollars worth of new airplane deliveries with 40% of the demand for these long-range airplanes coming from Asian airlines.

New Airplane Deliveries: 2012-2031     

Airplane Type
Total Deliveries
Dollar Value
Single-aisle23,240$2,030B
Twin-aisle7,950$2,080B
Large790$280B
Regional jets2,020$80

Robust growth in China, India and other emerging markets is a major factor in the increased deliveries over the next 20 years. Low cost carriers, with their ability to stimulate traffic with low fares, are growing faster than the market as a whole. There is also a strong demand to replace older, less fuel-efficient airplanes.  Replacement accounts for 41% of new deliveries in the forecast.

The market for new airplanes is set to become more geographically balanced in the next two decades. Asia-Pacific, including China, will continue to lead the way in total airplane deliveries.


New Airplane Deliveries: 2012-2031

 RegionAirplanes
 Asia Pacific 12,030
 Europe 7,760
 North America 7,290
 Latin America 2,510
 Middle East 2,370
 C.I.S. 1,140
 Africa 900
 World Total 34,00

Since the beginning of the jet age, Boeing has produced a long-term market outlook which was first shared publicly in the early 1960s. The CMO is the longest running complete worldwide jet forecast and is regarded as the most respected and comprehensive analysis of the aviation industry.

 



 
 

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