Boeing has forecast a $4 trillion market for new aircraft over the
next 20 years with a significant increase in forecasted deliveries.
That’s according to the Boeing 2011 Current Market Outlook (CMO) which sees a market for 33,500 new passenger airplanes and freighters between 2011 and 2030.
Of those, 2,520 will be in demand from carriers in the Middle East, Boeing said in a statement.
Asia Pacific is forecasted to need the most new airplanes over the next 20 years and will represent the largest market by value of deliveries at more than $1.5 trillion while the Middle East will also continue to show "very strong growth", the US-based plane maker added.
“The world market has recovered and is now expanding at a significant rate,” said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes.
“Not only is there a strong demand for air travel and new airplanes today, but the fundamental drivers of air travel – including economic growth, world trade and liberalisation – all point to a healthy long-term demand.”
Passenger traffic is expected to grow at 5.1 percent annual rate over the long-term and the world fleet is expected to double by 2030.
Robust growth in China, India and other emerging markets will lead to a more balanced airplane demand worldwide, Boeing said.
It added that the continued growth in long-haul connections will fuel the need for new twin-aisle airplanes due to the increase in new, nonstop markets.
While passengers are getting what they want – more frequencies and nonstop service – rising and volatile fuel prices are expected to continue to challenge the industry, Boeing added.
Boeing projects the world freighter fleet to increase from 1,760 to 3,500 airplanes in the same period.
Additions to the fleet will include 970 new-production freighters (market value of $250 billion) and 1,990 airplanes converted from passenger models.
On average over the next 20 years, air cargo traffic will grow at a rate of 5.6 percent, Boeing predicted.
That’s according to the Boeing 2011 Current Market Outlook (CMO) which sees a market for 33,500 new passenger airplanes and freighters between 2011 and 2030.
Of those, 2,520 will be in demand from carriers in the Middle East, Boeing said in a statement.
Asia Pacific is forecasted to need the most new airplanes over the next 20 years and will represent the largest market by value of deliveries at more than $1.5 trillion while the Middle East will also continue to show "very strong growth", the US-based plane maker added.
“The world market has recovered and is now expanding at a significant rate,” said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes.
“Not only is there a strong demand for air travel and new airplanes today, but the fundamental drivers of air travel – including economic growth, world trade and liberalisation – all point to a healthy long-term demand.”
Passenger traffic is expected to grow at 5.1 percent annual rate over the long-term and the world fleet is expected to double by 2030.
Robust growth in China, India and other emerging markets will lead to a more balanced airplane demand worldwide, Boeing said.
It added that the continued growth in long-haul connections will fuel the need for new twin-aisle airplanes due to the increase in new, nonstop markets.
While passengers are getting what they want – more frequencies and nonstop service – rising and volatile fuel prices are expected to continue to challenge the industry, Boeing added.
Boeing projects the world freighter fleet to increase from 1,760 to 3,500 airplanes in the same period.
Additions to the fleet will include 970 new-production freighters (market value of $250 billion) and 1,990 airplanes converted from passenger models.
On average over the next 20 years, air cargo traffic will grow at a rate of 5.6 percent, Boeing predicted.
No comments:
Post a Comment