The world will need 41,030 new aircraft over the next 20 years and single aisle aircraft will be most in demand, Boeing predicts in its Current Market Outlook (CMO).
Boeing says the new aircraft will be valued at $6.1 trillion, with single aisle units making up 29,530 deliveries worth $3,180 billion, driven by low-cost carriers and emerging markets.
The widebody market is expected to need 9,130 aircraft with a large wave of potential replacement demand beginning in the early next decade, with airlines shifting to small and medium/large ones like the 787 and 777X, and primary demand for larger units coming from the cargo market.
Boeing predicts 920 new production widebody freighters will be needed, worth $260 billion, with Asia Pacific needing 320 worth $110 billion and North America demanding 390 worth $90 billion.
Boeing Commercial Airplanes vice president of marketing, Randy Tinseth says: “Passenger traffic has been very strong so far this year, and we expect to see it grow 4.7 per cent each year over the next two decades. The market is especially hungry for single-aisle airplanes as more people start travelling by air.”
By region, Asia Pacific is expected to lead the way for deliveries with 16,050, followed by North America with 8,640 and Europe needing 7,530.