Boeing Increases Forecast For Jet Demand

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straitman

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An interesting forecast from Boeing on new aircraft needs for the next twenty years.


Boeing Increases Forecast For Jet Demand


By Michael Mecham [email protected]
Source: AWIN First



747_8_production_Mecham.jpg
June 11, 2013
Credit: Michael Mecham

In a $4.8 trillion punctuation point to a trend it has been highlighting for several years, Boeing says airlines are increasingly focused on the middle of the market.

The numbers come from the latest edition of its Current Market Outlook, Boeing’s 20-year forecast, which predicts that 35,000 aircraft will be purchased through 2032, an increase of 1,000 aircraft over last year’s $4.5 trillion prediction.

Between them, Boeing and Airbus are already 27% of the way to fulfilling this sales prediction because their combined backlogs are more than 9,500 aircraft.
Of the 41,000 aircraft Boeing expects to be in service in 2032, 59% will be bought to meet growth requirements and 41% will be replacements. Only 10% will be retained from current fleets.

Last year, 4 billion passengers travelled globally; by the end of its forecast, Boeing says that figure will climb to 9 billion.

The heart of the market is in its middle. Single-aisle transports, which Boeing defines as 90-230 seats, will account for 24,670 orders valued at $2.3 trillion. The middle extends to widebodies, with small widebodies seating 200-300 passengers accounting for 4,530 orders valued at $1.1 trillion, and medium widebodies seating 300-400 expected to sell 3,300 aircraft also worth $1.1 trillion.
 
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