Boeing expects need for 35,000 new aircraft
In its latest annual Current Market Outlook, Boeing says it expects global demand for 35,280 new planes over the next 20 years, doubling the world’s fleet. The combined aircraft orders will have a cost of $4.8 trillion.
Passenger traffic around the world is expected to grow by 5% a year, the aircraft manufacturer thinks, as is cargo traffic. As a consequence, Asia-Pacific will need 12,820 planes over the next 20 years, Europe 7,460 and North America 7,250.
The narrowbody market will keep dominating the market with 24,670 new single-aisle aircraft required in this segment, largely due to the growth of airlines in emerging markets and low-cost carriers. The world will also need 8,590 new widebodies, Boeing says.
[pictured: Boeing 737 MAX; image courtesy Boeing]