Airbus predicts need for over 28,000 aircraft in the next 20 years
BLAGNAC, France, 6 Sept. 2012. Airbus has announced its latest global market forecast (GMF), which identifies a need for 28,200 passenger and freighter aircraft of 100 seats or more between 2012 and 2031 worth nearly $4 trillion, expecting an upward trend in the pace of new aircraft deliveries. Of these over 27,350 will be passenger aircraft valued at $3.7 trillion.
For regions, Airbus predicts that Asia Pacific will account for 35 percent of all new aircraft deliveries, followed by Europe and North America with 21 percent each. In value terms, the single biggest market is predicted to be China followed by the US, UAE and India.
Over 1,700 very large aircraft like the A380, which feature 400 seats and above, are expected to have been delivered by 2031, valued at $600 billion. Of these over 1,330 are predicted to be passenger aircraft valued at $500 billion.
Airbus predicts some 6,970 new passenger and freighter aircraft, valued at $1.7 trillion will be delivered. Of these, 6,500 are expected to be passenger aircraft valued at $1.6 trillion.
In the next 20 years, Airbus predicts that more than 19,500 single-aisle aircraft worth over $1.6 trillion will be delivered. A third of deliveries will be in Asia Pacific followed by North America and Europe. Thirty percent of all deliveries in this category are expected to be for low cost carriers.