China is predicted to need over $1 trillion of new aircraft over the next 20 years including almost 600 freighters for e-commerce, Boeing says in its China Current Market Outlook.
Boeing predicts 6,810 aircraft worth over $1 trillion will be needed by 2035 including 5,110 single aisle units worth $535 billion. Air cargo is predicted to be a key driver for continuous growth of China’s aviation market due to constant demand for e-commerce. The manufacturer predicts China will need 180 new freighters and 410 converted units over this time period.
Boeing Commercial Airplanes vice president of marketing, Randy Tinseth says: “The continuing expansion of China’s middle class, coupled with new visa policies and a wide range of widebody airplanes with new technologies, capabilities and efficiencies, gives us every reason to expect a very bright future for China’s long-haul market.”
In addition to the 5,110 single aisle aircraft China is predicted to need, Boeing expected to deliver 140 regional jets, 780 small wide-bodies, 630 medium wide-bodies and 60 large wide-bodies.