Boeing predicts need for 39,620 new airplanes valued at $5.9 trillion

SEATTLE, 21 July 2016. Boeing (NYSE:BA) officials project a demand over the next 20 years for 39,620 new airplanes, representing an estimated total value of $5.9 trillion and an increase of 4.1 percent over last year's forecast.

Boeing predicts need for 39,620 new airplanes valued at $5.9 trillion
Boeing predicts need for 39,620 new airplanes valued at $5.9 trillion

SEATTLE, 21 July 2016.Boeing (NYSE:BA) officials project a demand over the next 20 years for 39,620 new airplanes, representing an estimated total value of $5.9 trillion and an increase of 4.1 percent over last year's forecast.

"Despite recent events that have impacted the financial markets, the aviation sector will continue to see long-term growth with the commercial fleet doubling in size," explains Randy Tinseth, vice president of marketing, Boeing Commercial Airplanes. "We expect to see passenger traffic grow 4.8 percent a year over the next two decades."

Boeing Cmo 2016 Infographic

Boeing’s annual Current Market Outlook (CMO) predicts:

The single-aisle market will be especially strong, marked by low-cost carriers and emerging markets driving growth, demand for 28,140 new airplanes, and an increase of more than 5 percent over last year.

On the wide-body side, 9,100 airplanes are in the forecast, with a wave of potential replacement demand in the 2021-2028 time frame and a continued shift from very large airplanes to small and medium wide-bodies such as the 787, 777, and 777X.

Cargo traffic is forecasted to grow at 4.2 percent per year, prompting the need for 930 new freighters and 1,440 converted freighters.

The Asia market, including China, will continue to lead the way in total airplane deliveries over the next two decades.

Boeing officials also foresee demand for 1,850 new airplanes in India, valued at $265 billion, over the next 20 years – representing more than 4.6 percent of the total global demand (of 39,620 new airplanes over two decades). Single-aisle airplanes will continue to account for the largest share of new deliveries, with airlines in India needing approximately 1,560 airplanes to support the growth of low-cost carriers and replace older, less-efficient airplanes.

New Airplane Deliveries Through 2035

Airplane type

Seats

Total deliveries

Dollar value

Regional jets

90 and below

2,380

$110 billion

Single-aisle

90 – 230

28,140

$3,000 billion

Small widebody

200 – 300

5,100

$1,350 billion

Medium widebody

300 – 400

3,470

$1,250 billion

Large widebody

400 and above

530

$220 billion

Total

---------

39,620

$5.9 trillion

New Airplane Deliveries Through 2035

Region

Airplane deliveries

Asia

15,130

North America

8,330

Europe

7,570

Middle East

3,310

Latin America

2,960

Africa

1,150

C.I.S.

1,170

Total

39,620

“India continues to have a strong commercial aerospace market and the highest domestic traffic growth in the world,” describes Dinesh Keskar, senior vice president, Asia Pacific and India Sales, Boeing Commercial Airplanes. “With the new aviation policies in place, we see even greater opportunities and remain confident in the market and the airlines in India.”

New Airplane Deliveries to India: 2016-2035

Airplane type

Seats

Total new deliveries

Dollar value

Regional jets

90 and below

10

<$1B

Single-aisle

90-230

1,560

$180B

Widebody

200+

280

$85B

Total

1,840

(4.6% of world total)

$265

(4.5% of world total)

Boeing predicts need for 39,620 new airplanes valued at $5.9 trillionBoeing predicts need for 39,620 new airplanes valued at $5.9 trillion

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