Boeing forecasts demand for 39,620 new airplanes

Thursday, 14 July 2016 00:00 -     - {{hitsCtrl.values.hits}}

Boeing projects a demand for 39,620 new airplanes over the next 20 years, an increase of 4.1% over last year’s forecast.

Boeing released its annual Current Market Outlook (CMO) on the first day of the 2016 Farnborough International img_05[1]Airshow, estimating the total value of those new airplanes at $5.9 trillion.

“Despite recent events that have impacted the financial markets, the aviation sector will continue to see long-term growth with the commercial fleet doubling in size,” said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. “We expect to see passenger traffic grow 4.8% a year over the next two decades.”

Boeing says it expects 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% 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. 

With cargo traffic forecasted to grow at 4.2% per year, Boeing predicts the need for 930 new freighters and 1,440 converted freighters.

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