Randy Tinseth, Boeing’s Vice President of Commercial Marketing, presented Boeing’s updated Commercial Market Outlook today in Paris. The new forecast is more optimistic than last year’s forecast, with a demand for 44,040 aircraft over the next 20 years.
Single-aisle aircraft are driving global network expansion, with 7,000 new markets added in the last decade, as shown in the chart below.
30% of the long-haul network is also new in the last decade, adding 550 wide-body routes since 2008.
This traffic and route growth translates to a need for 44,000 new airplanes valued at $6.8 trillion over the next 20 years.
Of those 44,040 aircraft, 56% will be for growth and 44% for replacement.
In addition, the freighter market continues to grow, with both newly built and converted freighters.
Overall, Boeing is optimistic about the continued growth of the aircraft market as traffic continues to grow worldwide, and that this order cycle will continue as airlines and the financial markets continue to absorb the current record-level backlogs.
AirInsight is the boutique aerospace media and analysis team and part of AirInsight Group LLC.
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