Boeing forecasts $2.8 Trillion Market over next 20 years

Just following up from my previous post on the Boeing versus Airbus competition over the next few years, it is interesting to look at Boeing’s recent forecast for new commercial airplanes.

Over the next 20 years, Boeing are forecasting a $2.8 trillion market, driven by robust demand for new eco-friendly airplanes.

Forecast growth in passenger traffic is assumed to be 5% and growth in air cargo traffic around 6%.
Boeing’s forecast assumes that over the next 20 years, there will be worldwide, delivery of:

• 3,700 regional jets – below 90 seats
• 17,650 single-aisle airplanes – 90-240 seats, dual-class
• 6,290 twin-aisle airplanes – 200-400 seats, tri-class
• 960 airplanes 747-size or larger – more than 400 seats, tri-class

If we add this to the retained fleet, total world commercial airplanes fleet will be around  nearly 36,00 airplanes by 2026.

Sounds like an awfully big number to me – however even if it were smaller it is still very, very good news for all people in the airlines industry.

You can view the forecast report from Boeing here.

Tags: Aviation News, Boeing News

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