Tuesday, October 4, 2011
Boeing Projects $760 Billion Market for New Aircraft
Boeing predicts North American air carriers will have approximately 7,530 fuel-efficient single aisle airplanes delivered over the next 20 years, a market value of $760 billion, the airframer said Tuesday.
According to Boeing, demand in the United States and Canada will focus primarily on single-aisle jetliners, driven by the need to replace aging airplanes with new, more fuel-efficient airplanes.
"The North American commercial aviation market improved for a second consecutive year with passenger traffic growth at a modest 3 percent," said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. "The region's airline industry is poised for long-term, moderate growth. Airlines are expected to continue focusing on capacity discipline and improving financial performance."
Boeing forecasts single-aisle airplanes will grow to 73 percent of the total North America fleet by 2030. A majority of this increased growth in the single-aisle category is related to traffic traveling to and from economically dynamic regions in Central and South America. New single-aisle airplanes, such as the Next-Generation 737 and the recently launched 737 MAX, offer significant advantages in improved capabilities, fuel efficiency and maintenance costs, as well as enhanced environmental performance.
Long-haul international traffic will continue to grow at an average annual rate of about 4.5 percent. This growth is expected to result in demand for an additional 1,180 new fuel-efficient, twin-aisle airplanes, Boeing said. Large airplanes (747-size and larger) will not see significant demand in North America, with only about 50 airplanes, or 1 percent of the total investment.