Global demand for commercial passenger jets over next two decades set at 36,770 worth $5.2 trillion

FARNBOROUGH, England, 21 July 2014. Analysts at the Boeing Co. in Seattle predict global demand for commercial passenger jets will be 36,770 new airplanes over the next 20 years worth $5.2 trillion. Boeing, one of the world's largest commercial jet manufacturers, made its announcement this past week at the Farnborough International Airshow in Farnborough, England.

Jul 21st, 2014
Global demand for commercial passenger jets over next two decades set at 36,770 worth $5.2 trillion
Global demand for commercial passenger jets over next two decades set at 36,770 worth $5.2 trillion
FARNBOROUGH, England, 21 July 2014. Analysts at the Boeing Co. in Seattle predict global demand for commercial passenger jets will be 36,770 new airplanes over the next 20 years worth $5.2 trillion. Boeing, one of the world's largest commercial jet manufacturers, made its announcement this past week at the Farnborough International Airshow in Farnborough, England.

The total 36,770 aircraft sales predicted over the next two decades is up 4.2 percent from last year's 20-year forecast, say market analysts at the Boeing Commercial Airplanes segment in Seattle.

Fueling this year's forecast is the single-aisle market, which is projected to be the fastest growing and most dynamic segment due to the continued emergence of low-cost airlines and air charter services, Boeing analysts say.

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In the single-aisle market, which includes aircraft such as the Boeing 737 and the Airbus A320, a total of 25,680 new airplanes will be needed, making up 70 percent of the total units in the forecast, according to Boeing.

In the twin-aisle widebody jet aircraft market, Boeing forecasts that 8,600 new airplanes will be needed, led by small widebody airplanes in the 200 to 300 seat range such as the Boeing 787-8 and 787-9 Dreamliner.

This year's forecast reflects a continued shift in demand from very large airplanes to efficient new twin-engine products such as the 787-10 and new 777X, Boeing analysts say.

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In specific segments through the year 2033, Boeing analysts say demand for regional jets with 90 sets of fewer will be 2,490 aircraft worth about $100 billion. Single-aisle jets with 90 to 230 seats will sell 25,680 aircraft worth $2.56 trillion.

Small widebodies with 200 to 300 seats will sell 4,520 aircraft worth $1.14 trillion. Medium-sized widebodies with 300 to 400 seats will sell 3,460 aircraft worth $1.16 trillion. Large widebodies with more than 400 seats, meanwhile, will sell 620 aircraft worth $240 billion, Boeing analysts say.

The Asia-Pacific market, including China, will continue to lead the way in total airplane deliveries over the next two decades, and should see sales of 13,460 passenger aircraft, according to Boeing.

Related: Aircraft market strong, globally anyway

Next is North America, where sales should be 7,500 aircraft. After that is Europe, which will see 7,450 commercial jet sales. the Middle East will see 2,950 commercial jet sales over the next 20 years, while Latin America will see 2,950 aircraft sales, Russia and the Commonwealth of Independent States should see 1,330 aircraft sales, and Africa should see 1,080 aircraft sales, Boeing analysts say.

For more information contact Boeing Commercial Airplanes online at www.boeing.com/boeing/commercial.

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