Boeing projects $2.6 trillion market for new commercial airplanes

Citation

(2006), "Boeing projects $2.6 trillion market for new commercial airplanes", Aircraft Engineering and Aerospace Technology, Vol. 78 No. 6. https://doi.org/10.1108/aeat.2006.12778faf.011

Boeing projects $2.6 trillion market for new commercial airplanes

Boeing projects $2.6 trillion market for new commercial airplanes

Keywords: Passenger transport, Commercial aircraft

Boeing forecasts a $2.6 trillion market for new commercial aeroplanes over the next 20 years. Strong market demand for new aeroplanes will lead to a world fleet with significantly improved environmental performance.

These new aeroplanes will accommodate a forecasted 4.9 per cent annual increase in passenger traffic, and a 6.1 per cent annual increase in air cargo traffic.

The Boeing Company released its 2006 Current Market Outlook today in London. The report, at, is Boeing's world outlook for the future of commercial jet aeroplanes.

Boeing projects a need for approximately 27,200 new commercial aeroplanes (passenger and freighter), doubling the world fleet by 2025. The vast majority of these new aeroplanes will be in the single- and twin-aisle categories.

“We're forecasting a continued strong long-term demand for new aeroplanes over the next 20 years” said Boeing Commercial Aeroplanes Vice President of Marketing Randy Baseler. “These aeroplanes will take people and products where they need to travel, as never before. Improved fuel efficiency and increased range will allow airlines to take more travellers directly where they want to go, when they want to go. New, much quieter aeroplanes with significantly reduced emissions will permanently change the character of the world aeroplane fleet.”

On a delivery-dollar basis, the largest market is projected to be the Asia- Pacific region, with 36 per cent of the $2.6 trillion total – a result of the demand among Asian carriers in that market for more twin-aisle aeroplanes. North America will make up 28 per cent of the delivery dollars and Europe will make up 24 per cent. Deliveries to airlines in Latin America, the Middle East, and Africa will represent a total of 12 per cent of the delivery dollars between 2006 and 2025.

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

• •

  3,450 regional jets – 90 seats and below;

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  16,540 single-aisle aeroplanes – 100-240 seats, dual class;

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  6,230 twin-aisle aeroplanes – 200- 400 seats, tri-class; and

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  990 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 nearly 36,000 aeroplanes by 2025.

“The single- and twin-aisle categories make up about 86 per cent of the market value in our forecast” Baseler said. “In the long-haul transoceanic and Asia- Europe markets, twin-aisle aeroplanes will dominate the world fleet, providing more frequencies and increased non-stop service. The 747-and-larger aircraft that typically would operate in the Asia- related markets and the North Atlantic will continue to do so. In terms of numbers of aeroplanes delivered, single- aisles will make up the majority, and will help airlines offer more frequencies and increased non-stop service on domestic and short-haul international flights.”

The current market outlook projects that single-aisle and twin-aisle aeroplanes in the 100-400-seat categories will account for almost all of the growth in air travel over the next 20 years. The Boeing product strategy centers on this growth market, offering a family of aeroplanes that allows customers to maximise their efficiency, increase profitability, and provide the non-stop, point-to-point flights and frequency choices passengers want.