Boeing Forecasts Demand For Over 41,000 New Airplanes By 2041
With demand rebounding for international air travel following ongoing
recovery in many domestic markets, Boeing today projected demand for
more than 41,000 new airplanes through 2041, underscoring aviation
industry resilience two years after the pandemic began.
Boeing released its 2022 Commercial Market Outlook (CMO), the
company’s annual long-term forecast, in advance of the Farnborough
International Airshow.
The CMO forecasts a market value of $7.2 trillion for new airplane
deliveries, with the global fleet increasing by 80 per cent through
2041 compared to 2019 pre-pandemic levels.
Approximately half of passenger jet deliveries will replace today’s
models, improving the global fleet’s fuel efficiency and
sustainability.
In addition, Boeing Global Services forecasts $3.6 trillion in demand
in its market segments over the same time period, including strong
demand for maintenance and modifications such as converted freighters;
digital solutions that increase efficiency and reduce cost and
effective training to enable the supply of pilots and technicians.
Boeing’s Senior Vice President of Commercial Sales and Marketing,
Ihssane Mounir, “Despite the unprecedented disruption over the past
two years, the aviation industry has shown incredible resilience
adapting to the challenge,”
“The 2022 CMO draws upon our expertise forecasting market trends to
demonstrate the strong demand for new airplanes and related services
in the coming decades, providing a waypoint as the industry continues
to navigate its recovery.”
According to Boeing the 2022 CMO includes these regional projections
in the next 20 years:
Continuing their strong growth story, Asian markets account for
roughly 40 per cent of long-term global demand for new airplanes.
Europe and North America each account for just over 20 per cent of
demand, with 15 per cent of deliveries going to other regions.
South Asia’s fleet continues to lead global growth, at 6.2 per cent
annually. Led by India, the region’s fleet will nearly quadruple from
700 airplanes in 2019 to more than 2,600 airplanes through 2041.
Southeast Asia is projected to see the second-fastest growth with a
near-tripling of its commercial fleet to 4,500 airplanes.
This year’s CMO does not include a forecast for airplane deliveries to
Russia due to sanctions against aircraft exports. This change reduces
global 20-year demand by about 1,500 airplanes compared to last year’s
CMO.
Single-aisle airplanes will account for 75 per cent of all new
deliveries, unchanged from last year’s CMO, and totaling nearly 31,000
airplanes.
Through 2041, new widebody airplanes will account for about 18 per
cent of deliveries with more than 7,200 airplanes, enabling airlines
to serve new and existing markets, passenger and cargo, more
efficiently than in the past.
The CMO also predicts continued robust demand for dedicated freighters
to support global supply chains and growing express networks. Carriers
will need 2,800 additional freighters overall, including 940 new
widebody models in addition to converted narrow-body and widebody
freighters over the forecast period.
NEW DELIVERIES (2022-2041)
Regional Jet
2,120
Single Aisle
30,880
Widebody
7,230
Freighter
940
Total
41,170
Boeing has provided the CMO annually for more than 60 years. As the
longest-running jet forecast, the CMO is regarded as the most
comprehensive analysis of the commercial aviation industry. Learn more
about the Commercial Market Outlook. In addition, Boeing will release
its Pilot and Technician Outlook on July 25.
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.
As a top U.S. exporter, the company leverages the talents of a global
supplier base to advance economic opportunity, sustainability and
community impact.
Boeing’s diverse team is committed to innovating for the future,
leading with sustainability, and cultivating a culture based on the
company’s core values of safety, quality and integrity. Join our team
and find your purpose at boeing.com/careers.
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