Boeing predicts demand for more than 35,000 new airplanes, valued at $4.8 trillion, over next 20 years

PARIS, 12 June 2013. Boeing (NYSE:BA) experts, in the company’s annual Current Market Outlook (CMO), forecasts demand for more than 35,000 new airplanes, valued at $4.8 trillion, over the next 20 years.

Boeing 787 Dreamliner
Boeing 787 Dreamliner

PARIS, 12 June 2013. Boeing (NYSE:BA) experts, in the company’s annual Current Market Outlook (CMO), forecasts demand for more than 35,000 new airplanes, valued at $4.8 trillion, over the next 20 years.

The company predicts the world fleet to double over the next two decades, and passenger traffic and cargo traffic to grow five percent annually.

Air Lease orders 10 Boeing 777-300ER jumbo twinjets to meet growing global demand for long-haul passenger aircraftAir Lease orders 10 Boeing 777-300ER jumbo twinjets to meet growing global demand for long-haul passenger aircraft

The single-aisle market is the main driver of the forecast and continues to show strength; 24,670 new airplanes will be needed in this segment due to the growth of low-cost carriers and airlines from emerging markets, according to the CMO.

Widebodies also make up a large part of the forecast, with the need for 8,590 new airplanes fueled in part by airlines replacing their older fleet with new, more fuel-efficient airplanes.

New Airplane Deliveries: 2013-2032

Airplane type

Seats

Total deliveries

Dollar value

Regional jets

90 and below

2,020

$80B

Single-aisle

90 – 230

24,670

$2,290B

Small wide-body

200 – 300

4,530

$1,100B

Medium wide-body

300 – 400

3,300

$1,090B

Large wide-body

400 and above

760

$280B

The market for new airplanes will continue to become more geographically balanced over the next two decades. Asia-Pacific, including China, will lead the way in total airplane deliveries.

New Airplane Deliveries: 2013-2032

Region

Airplane deliveries

Asia-Pacific

12,820

Europe

7,460

North America

7,250

Latin America

2,900

Middle East

2,610

C.I.S.

1,170

Africa

1,070

World Total

35,280

"This forecast gives us confidence as we increase our production rates and invest in new products like the 777X and 787-10X," says Randy Tinseth, vice president of marketing, Boeing Commercial Airplanes. "Airlines are demanding more efficiency and that is exactly what we'll be giving them."

Boeing 787 DreamlinerBoeing 787 Dreamliner

After facing high and volatile fuel prices and a highly competitive environment, airlines have been forced to change the way they manage their business.

"Our customers are focused on growing their networks, managing their capacity and investing in new fleets," Tinseth adds. "These trends will shape market demand for airplanes that have highly efficiency, low operating costs, environmentally progressive technologies and a great passenger experience."

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