Boeing projects $2.6trn market
BOEING forecasts a $2.6 trillion market for new commercial airplanes over the next 20 years.
Strong market demand for new airplanes will lead to a world fleet with significantly improved environmental performance.
These new airplanes will accommodate a forecasted 4.9 per cent annual increase in passenger traffic, and a 6.1 per cent annual increase in air cargo traffic.
The Boeing Company released its 2006 Current Market Outlook recently in London. The report, at boeing.com/commercial/cmo, is Boeing’s world outlook for the future of commercial jet airplanes.
Boeing projects a need for approximately 27,200 new commercial airplanes (passenger and freighter), doubling the world fleet by 2025. The vast majority of these new airplanes will be in the single-aisle and twin-aisle categories.
“We’re forecasting a continued strong long-term demand for new airplanes over the next 20 years,” said Boeing Commercial Airplanes vice-president of Marketing Randy Baseler. “These airplanes will take people and products where they need to travel, as never before. Improved fuel efficiency and increased range will allow airlines to take more travellers directly where they want to go, when they want to go. New, much quieter airplanes with significantly reduced emissions will permanently change the character of the world airplane fleet.”
On a delivery-dollar basis, the largest market is projected to be the Asia-Pacific region, with 36 per cent of the $2.6 trillion total – a result of the demand among Asian carriers in that market for more twin-aisle airplanes. North America will make up 28 per cent of the delivery dollars and Europe 24 per cent Deliveries to airlines in Latin America, the Middle East, and Africa will represent a total of 12 per cent of the delivery dollars between 2006 and 2025.
Over the next 20 years, airlines will take delivery of approximately 3,450 regional jets (under 90 seats), 16,540 single-aisle airplanes (100-240 seats, dual class), 6,230 twin-aisle airplanes (200-400 seats, tri-class), and 990 airplanes (747-size or larger – more than 400 seats, tri-class).
Combined with the retained fleet, these new deliveries will result in a world commercial airplanes fleet of nearly 36,000 airplanes by 2025.