As Air Travel Rebounds, Boeing Forecasts Demand for More than 41,000 New Airplanes by 2041

FARNBOROUGH, United Kingdom, July 16, 2022 /PRNewswire/ — With demand rebounding for worldwide air journey following ongoing restoration in lots of home markets, Boeing [NYSE: BA] right now projected demand for greater than 41,000 new airplanes by way of 2041, underscoring aviation trade resilience two years after the pandemic started. Boeing launched its 2022 Business Market Outlook (CMO), the corporate’s annual long-term forecast, prematurely of the Farnborough Worldwide Airshow.

The CMO forecasts a market worth of $7.2 trillion for brand new airplane deliveries, with the worldwide fleet growing by 80% by way of 2041 in comparison with 2019 pre-pandemic ranges. Roughly half of passenger jet deliveries will exchange right now’s fashions, bettering the worldwide fleet’s gasoline effectivity and sustainability. As well as, Boeing International Companies forecasts $3.6 trillion in demand in its market segments over the identical time interval, together with sturdy demand for upkeep and modifications akin to transformed freighters; digital options that enhance effectivity and scale back price; and efficient coaching to allow the provision of pilots and technicians.

“Regardless of the unprecedented disruption over the previous two years, the aviation trade has proven unimaginable resilience adapting to the problem,” mentioned Ihssane Mounir, Boeing’s senior vp of Business Gross sales and Advertising and marketing. “The 2022 CMO attracts upon our experience forecasting market traits to exhibit the sturdy demand for brand new airplanes and associated providers within the coming a long time, offering a waypoint because the trade continues to navigate its restoration.”

The 2022 CMO consists of these regional projections within the subsequent 20 years:

• Persevering with their sturdy development story, Asian markets account for roughly 40% of long-term world demand for brand new airplanes. Europe and North America every account for simply over 20% of demand, with 15% of deliveries going to different areas.
• South Asia’s fleet continues to guide world development, at 6.2% yearly. Led by India, the area’s fleet will almost quadruple from 700 airplanes in 2019 to greater than 2,600 airplanes by way of 2041. Southeast Asia is projected to see the second-fastest development with a near-tripling of its business fleet to 4,500 airplanes.
• This 12 months’s CMO doesn’t embody a forecast for airplane deliveries to Russia resulting from sanctions towards plane exports. This variation reduces world 20-year demand by about 1,500 airplanes in comparison with final 12 months’s CMO.

Single-aisle airplanes will account for 75% of all new deliveries, unchanged from final 12 months’s CMO, and totaling almost 31,000 airplanes. By means of 2041, new widebody airplanes will account for about 18% of deliveries with greater than 7,200 airplanes, enabling airways to serve new and present markets, passenger and cargo, extra effectively than previously.

The CMO additionally predicts continued sturdy demand for devoted freighters to help world provide chains and rising categorical networks. Carriers will want 2,800 further freighters total, together with 940 new widebody fashions along with transformed narrow-body and widebody freighters over the forecast interval.

Boeing has supplied the CMO yearly for greater than 60 years. Because the longest-running jet forecast, the CMO is thought to be essentially the most complete evaluation of the business aviation trade. Study extra concerning the Business Market Outlook. As well as, Boeing will launch its Pilot and Technician Outlook on July 25.

As a number one world aerospace firm, Boeing develops, manufactures and providers business airplanes, protection merchandise and area techniques for patrons in additional than 150 nations. As a prime U.S. exporter, the corporate leverages the abilities of a worldwide provider base to advance financial alternative, sustainability and group affect. Boeing’s various crew is dedicated to innovating for the longer term, main with sustainability, and cultivating a tradition based mostly on the corporate’s core values of security, high quality and integrity. Be a part of our crew and discover your function at boeing.com/careers.

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Daniel Mosely
Boeing Communications
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Boeing Media Relations
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SOURCE Boeing