Boeing forecasts demand for 39,620 new airplanes; single-aisle request driving growth
Farnborough, UK - Valued at $5.9 Trillion
Boeing projects a demand for 39,620 new airplanes over the next 20 years, an increase of 4.1 percent over last year's forecast. The US industry released its annual Current Market Outlook (CMO) on the first day of the "2016 Farnborough International Airshow", estimating the total value of those new airplanes at $5.9 trillion. The single-aisle market will be especially strong, with low-cost carriers and emerging markets driving growth. 28,140 new airplanes will be needed in this segment, an increase of more than 5 percent over last year. On the widebody side, 9,100 airplanes are in the forecast, with a large wave of potential replacement demand in the 2021-2028 time frame. The giant projects a continued shift from very large airplanes to small and medium widebodies such as the 787, 777 and 777X. With cargo traffic forecasted to grow at 4.2 percent per year, Boeing projects the need for 930 new freighters and 1,440 converted freighters. 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 The Asia market, including China, will continue to lead the way in total airplane deliveries over the next two decades. 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 CIS,1,170 Total 39,620. Boeing's Current Market Outlook is the longest running jet forecast and regarded as the most comprehensive analysis of the aviation industry.
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