World freighter fleet to double in 20 years: Boeing

The 2012 Current Market Outlook has reduced the number of new freighter planes sales

3200 planes Boeing Boeing Current Market Outlook freighter projection

Boeing has projected a $4.5 trillion market for 34,000 new airplanes over the next 20 years as the current world fleet doubles in size, according to the Boeing 2012 Current Market Outlook (CMO).

The Chicago-based airplane manufacturer has, however, reduced its projection for the number of freighter airplanes that will be sold over the next 20 years. The world freighter fleet is projected to nearly double from 1,740 aircraft today to 3,200 at the end of the 20 year period.  Additions to the fleet will include 940 new-production freighters (market value of $250 billion) and 1,820 airplanes converted from passenger models.