News
Boeing forecasts demand for 36,770 planes at $5.2 trillion
July 10, 2014, London, U.K. - Boeing projects a demand for 36,770 new airplanes over the next 20 years, an increase of 4.2 percent from last year's forecast. The company released its annual Current Market Outlook (CMO) today in London, estimating the total value of those new airplanes at $5.2 trillion.
July 10, 2014 By Carey Fredericks
"This market is strong and resilient," said Randy Tinseth,
vice president of Marketing, Boeing Commercial Airplanes. "With new and
more efficient airplanes entering service, the growth in air travel is
being driven by customers who want to fly where they want, when they
want."
Fueling this year's forecast is the single-aisle market, which is
projected to be the fastest growing and most dynamic segment due to the
continued emergence of low-cost carriers. 25,680 new airplanes will be
needed in this segment, making up 70 percent of the total units in the
forecast.
"Based on the overwhelming amount of orders and deliveries, we see
the heart of the single-aisle market in the 160-seat range," said
Tinseth. "There's no question the market is converging to this size,
where network flexibility and cost efficiency meet. The Next-Generation
737-800 and new 737 MAX 8 offer our customers the most revenue potential
in this mid-sized space."
Boeing forecasts that 8,600 new airplanes will be needed in the
twin-aisle segment, led by small widebody airplanes in the 200 to 300
seat range such as the 787-8 and 787-9 Dreamliner. This year's forecast
reflects a continued shift in demand from very large airplanes to
efficient new twin-engine products such as the 787-10 and new 777X.
"With the most comprehensive widebody lineup in the industry, we're
confident that we will meet our customers' needs now and in the future,"
Tinseth added.
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The Asia-Pacific market, including China, will continue to lead the way in total airplane deliveries over the next two decades.
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