Airbus forecasts strong passenger aircraft demand
Sept. 21, 2011, Blagnac, France - Airbus forecasts that world passenger aircraft demand is expected to double to over 27,800 aircraft in the next 20 years.
September 21, 2011 By Carey Fredericks
In its latest global market forecast (GMF), the aircraft manufacturer has predicted that the combined value of the aircraft will rise to $3.5 trillion over the next 20 years, led by Asian economic growth and increased demand for single-aisle models.
The report revealed that the demand will double from 15,000 aircraft to 31,500 by 2030, which includes 27,800 new aircraft deliveries of which 10,500 will be needed for replacing older, less fuel efficient aircraft.
According to the forecast, the Asia-Pacific region will account for approximately 34 per cent of air service demand, followed by Europe and North America.
The main drivers include population growth with increasing wealth, dynamic growth in emerging economies, strong continued growth in North America and European markets, greater urbanisation and an increase of more than double in the number of 'mega cities' by 2030.
Drivers also include the ongoing expansion of low cost carriers, and the need to replace older less efficient aircraft with new eco-efficient models in established markets.