Boeing forecasts $5.2 trillion demand for aircraft
It projects a demand for 36,770 new aircraft over the next 20 years.
July 14, 2014
Boeing projects a demand for 36,770 new aircraft over the next 20 years, an increase of 4.2 percent from last year’s forecast. The company released its annual Current Market Outlook (CMO) today in London, estimating the total value of those new airplanes at $5.2 trillion.
“This market is strong and resilient,” said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. “With new and more efficient airplanes entering service, the growth in air travel is being driven by customers who want to fly where they want, when they want.”
Fueling this year’s forecast is the single-aisle market, which is projected to be the fastest growing and most dynamic segment due to the continued emergence of low-cost carriers. 25,680 new airplanes will be needed in this segment, making up 70 per cent of the total units in the forecast.
“Based on the overwhelming amount of orders and deliveries, we see the heart of the single-aisle market in the 160-seat range,” said Tinseth. “There’s no question the market is converging to this size, where network flexibility and cost efficiency meet.”
Boeing forecasts that 8,600 new aircraft will be needed in the twin-aisle segment, led by small widebody aircraft in the 200 to 300 seat range such as the B787-8 and B787-9 Dreamliner. This year’s forecast reflects a continued shift in demand from very large airpcraft to efficient new twin-engine products such as the B787-10 and new B777X.