top of page
Search
Chidozie Uzoezie

Boeing Forecasts Demand for 42,600 Jets Over Next 20 Years


With a resurgence in international traffic and domestic air travel back to pre-pandemic levels, Boeing has projected global demand for 42,595 new commercial jets by 2042, valued at $8 trillion.


Boeing released its 2023 Commercial Market Outlook (CMO), the company's forecast of 20-year demand for commercial airplanes and services, in advance of the Paris Air Show.


The new CMO comes three years after the pandemic grounded most of the global fleet. Key findings include:


• Passenger traffic continuing to outpace global economic growth of 2.6%.


• The global fleet nearly doubling to 48,600 jets, expanding 3.5% per year.


• Airlines replacing about half of the global fleet with new, more fuel-efficient models.


Boeing's projections for regional demand and key trends through 2042 include:


• Asia-Pacific markets to represent more than 40% of global demand with half of that total in China.


• South Asia's fleet will expand more than 7% annually, the world's fastest rate, with India accounting for more than 90% of the region's passenger traffic.


• North America and Europe each will account for about 20% of global demand.


• Low-cost carriers will operate more than 40% of the single-aisle fleet in 2042, up from 10% 20 years ago.


• After omitting demand for Russia and Central Asia in last year's CMO due to uncertainty in the region, this year's forecast covers Russia and Central Asia in the Eurasia region, which comprises about 3% of the global fleet by 2042.


• Commercial Services forecasts a total served market worth $3.8 trillion, including digital solutions that increase efficiency and reduce cost; robust demand for parts and supply chain solutions; growing maintenance and modification options; and effective training to enhance safety and support the pilot and technician pipeline.


Also in the 20-year forecast period, Boeing anticipates demand for these models:


• New single-aisle airplanes will account for more than 75% of all new deliveries, up slightly from the 2022 outlook, and totaling 32,420 airplanes. Regional jet will see 1,810 new aircraft delivered over the same period.


• New widebody jets will be nearly 20% of deliveries, with 7,440 airplanes enabling airlines to open new markets and serve existing routes more efficiently.


• Air cargo will continue to outpace global trade growth, with carriers requiring 2,800 dedicated freighters. This includes 925 new widebodies as well as converted narrow-body and widebody models.


Boeing has published the CMO annually since 1961. As the longest-running jet forecast, the CMO is regarded as the most comprehensive analysis of the commercial aviation industry. Boeing will release its complete Pilot and Technician Outlook the week of July 24.


As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Learn more at www.boeing.com.

Comments


A4-print-explore the world with ethiopian-R-1022-compressed.jpg
SAT2.jpg
20241112_103529.jpg
SAA2.jpg
ATWMediaAwards_(1080pxX1080px)_(Nov2024)-01.jpg
300x300px.jpg

 Featured Posts 

Comments (33)

Guest
Sep 21, 2022

We just booked our QATAR 🇶🇦 HÔTEL yesterday for 2 différent short stars of 2 nights and 3 nights for the Final… https://www.14sb.com/fifa-world-cup-hotels.html . Not exactly cheap but ok price for 4.5 Stars luxury and in Doha Center City! Thanks and Good Luck everyone! Vamos MEXICO!

Like

Guest
Sep 30, 2022

Wow! Stunning! Hilton seems to be taking Africa by storm. Just a couple of years back, they opened the first ever in Eswatini.

Like

kasarokcaesar
Oct 24, 2022

Wonderful event and topics discussed, hopefully we see the manifestations in our African airline businesses in the nearest future. Kudos to you all.

Like

Guest
Nov 10, 2022

Hi, I'm Lucy. Please how do I embark on my travel/ tour business. I am newbie and help..

Like

Guest
Nov 18, 2022

Prices in the Sol Torremolinos Don Pablo are the same than two weeks ago.

Like

Guest
Dec 04, 2022

Good location astounding but the staffs are rude and they make me wait so long for the service. They charge me more than what is on the website and did not refund me the manager is not helping with the issue


Like

Guest
Dec 15, 2022

WoW. Amazing Review. 👍

Like

Guest
Jan 07, 2023

I spent the holidays here, I don't know why but during the holidays their reception smells like a piss Id rather not spend my special occasions here

Like
Guest
Aug 07, 2023
Replying to

Where is here.

Like

Guest
Jan 27, 2023

Thank you for sharing such a detailed review about ethiopian airlines in your post. I am an avid traveller and keep reading flight reviews to assess the options available. Your review particularly drew my attention because you have shared so many pictures to capture every aspect of the flight experience. It is a very nice effort.


More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html

Like

Guest
Feb 27, 2023

I am really tempted to book the next ethiopian airlines ticket and relive your journey. The pictures shared with the post also reflect that you truly enjoyed the travel. Great post! I also like the fact that you have covered nuances about the food and entertainment service through the pictures. It helps people know what to expect on their travel by this airline.


More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html


Like