Boeing predicts robust growth in latest 20-year forecast
Published: July 3, 2012
Boeing is forecasting worldwide demand for 34,000 new aircraft over the next 20 years, doubling the world fleet, in its latest market forecast.
Despite the challenging market conditions, Boeing predicts 5% annual traffic growth over the two decades with Asia-Pacific maintaining its position as the lead recipient of aircraft.
“The world’s aviation market is broader, deeper and more diverse than we’ve ever seen it,” Boeing Commercial Airplanes marketing VP Randy Tinseth said. “It has proven to be resilient even during some very challenging years and is driving production rate increases across the board.”
Boeing expects robust growth, with 23,240 single-aisle deliveries, as low-cost carriers continue to grow at above average rates and many embark on fleet renewals. Replacement aircraft will account for 41% of the 34,000 new deliveries.
Boeing forecast a world total of 7,950 twin-aisle deliveries, 790 large aircraft and 2,020 regional jets to be ordered from 2012 to 2031.
Although China, India and other emerging markets will drive growth in deliveries—with Asian airlines accounting for 40% of the widebody total—Boeing believes the new aircraft market will become “more geographically balanced in the next two decades.”