Boeing has raised its forecast for new aeroplane demand, projecting the need for 41,030 new aeroplanes over the next 20 years valued at USD$6.1 trillion dollars.
The US-headquartered company's annual Current Market Outlook (CMO) was released at the Paris Air Show, with total aeroplane demand rising 3.6% over last year's forecast.
"Passenger traffic has been very strong so far this year, and we expect to see it grow 4.7% each year over the next two decades," said Randy Tinseth, vice president of marketing at Boeing Commercial Aeroplanes. "The market is especially hungry for single-aisle aeroplanes as more people start traveling by air.”
According to the report, the single-aisle segment will see the most growth over the forecast, fuelled by low-cost carriers and emerging markets. 29,530 new aeroplanes will be needed in this segment, an increase of almost 5% over last year.The forecast for the widebody segment includes 9,130 aeroplanes, with a large wave of potential replacement demand beginning early in the next decade.
With more airlines shifting to small and medium/large widebody aeroplanes like the 787 and 777X, the primary demand for very large aeroplanes going forward will be in the cargo market. Boeing projects the need for 920 new production widebody freighters over the forecast period.
The Asia market, including China, will continue to lead the way in total aeroplane deliveries over the next two decades. Worldwide, 57% of the new deliveries will be for airline growth, while 43% will be for replacement of older aeroplanes with new, more fuel-efficient jets.