Boeing Predicts New Aircraft Demand to Total $5.6 Trillion (American Machinist)

By 2034, Boeing noted, the world’s commercial airplane fleet will have doubled

 News By : Kate Nixon

06/11/2015

By 2034, Boeing noted, the world’s commercial airplane fleet will have doubled

Boeing Commercial Airplanes issued a new 20-year forecast for global aircraft demand, projecting a need for 38,050 new jets through 2034, 3.5% more than it detected in a comparable report issued in 2014. It projected the total value for those aircraft would be $5.6 trillion over the term, which is 7.7% more than the $5.2 trillion it pegged to last year’s demand forecast. 



By 2034, Boeing noted, the world’s commercial airplane fleet will have doubled from of 21,600 (the 2014 total) to 43,560 aircraft. Of the 38,050 jets to be delivered during that span, 58% will have accommodated growth in the commercial aircraft market rather than replacing obsolete jets."The commercial airplane market continues to be strong and resilient," summarized Randy Tinseth, v.p. of marketing for the OEM’s commercial aircraft business. "As we look forward, we expect the market to continue to grow and the demand for new aircraft to be robust."


In particular, air passenger traffic will continue growing at about 4.9% annually (near on track with the historic trend of 5%), as over 7 billion passengers will fly over the course of the 20-year forecast period.


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