Boeing projects $2.8 trillion market for new commercial aeroplanes

Citation

(2007), "Boeing projects $2.8 trillion market for new commercial aeroplanes", Aircraft Engineering and Aerospace Technology, Vol. 79 No. 6. https://doi.org/10.1108/aeat.2007.12779faf.003

Boeing projects $2.8 trillion market for new commercial aeroplanes

Boeing projects $2.8 trillion market for new commercial aeroplanes

Boeing forecasts a $2.8 trillion market for new commercial aeroplanes over the next 20 years. Strong demand for new aeroplanes will lead to a world fleet with significantly improved environmental performance.

These new aeroplanes will accommodate a forecasted 5 per cent annual increase in passenger traffic, and a 6.1 per cent annual increase in air cargo traffic.

The Boeing Company released its 2007 Current Market Outlook recently in London. The report is Boeing's world view of air travel over the next 20 years.

“Air travel is going to continue to grow, driven by economic growth, world trade, liberalisation, and by the availability of new, more capable and more efficient aeroplanes,” said Boeing Commercial Aeroplanes vice president, Marketing Randy Tinseth. “This growth will occur in an environmentally responsible and accountable manner that addresses greenhouse gas reduction efforts with progressive new aircraft and increased operational efficiencies in the air transportation system.”

The Boeing outlook calls for a market of 28,600 new commercial aeroplanes (passenger and freighter) by 2026, with a much more balanced demand in aircraft by region over the forecast period.

On a delivery-dollar basis, the largest market is projected to be the Asia- Pacific region, with 36 per cent of the $2.8 trillion total. North America will make up 26 per cent of the delivery dollars, and Europe, Russia, and the CIS (Commonwealth of Independent States) will make up a total of 25 per cent. Deliveries to airlines in Latin America, the Middle East, and Africa will represent the remaining 13 per cent of the delivery dollars between 2007 and 2026.

Over the next 20 years, passenger and cargo airlines will take delivery of approximately:

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

Combined with the retained fleet, these new deliveries will result in a world commercial aeroplanes fleet of more than 36,400 aeroplanes by 2026.

“The single-aisle segment will continue to have the greatest demand in terms of units,” Tinseth said. “This is partially driven by continued high growth in low-cost carriers.”

In terms of value, the twin-aisle category is projected to be the largest. Aeroplanes such as the 787 and 777 will enable airlines to grow by providing more flights to more destinations – the way passengers want to fly. Aeroplanes 747-size and larger will continue to operate in Asia-related markets as well as across the North Atlantic.

Boeing projects strong demand for new large freighters due to their fuel efficiency, higher reliability and utilisation, and long-range capabilities

The Current Market Outlook forecasts that commercial aeroplanes in the 90 to 400-seat categories will account for almost all of the growth in air travel over the next 20 years. Airlines will continue to accommodate that growth by adding frequencies and non-stop flights – not by flying larger and larger aircraft.

As a result, Boeing is focused on offering new aeroplanes that burn less fuel and spend less time in maintenance, allowing airlines to maximise operating efficiencies, lower their costs, and increase profitability – while providing the non-stop, point-to- point flights and frequency choices passengers want.