Boeing pegs 20-year aircraft demand at $1.9T in Asia/Pacific
Boeing forecasted this week that strong economic and passenger growth will push new aircraft demand in the Asia Pacific region to 12,820 valued at $1.9 trillion, over the next 20 years.
"Asia Pacific economies and passenger traffic continue to exhibit strong growth," said Randy Tinseth, vice president, Marketing, Boeing Commercial Airplanes during a media briefing before the opening of the Singapore Airshow. "Over the next 20 years, nearly half of the world's air traffic growth will be driven by travel to, from or within the region. The Asia Pacific fleet will nearly triple, from 5,090 airplanes in 2012 to 14,750 airplanes in 2032, to support the increased demand."
Boeing's data projects that passenger airlines in the region will rely primarily on single-aisle aircraft, which will represent 69% of the deliveries. Asia Pacific will account for 36% of the world's new airplane deliveries.
"New low-cost carriers and demand for intra-Asia travel have fueled the substantial increase in single-aisle airplanes," said Tinseth. "Fuel-efficient airplanes like the Next-Generation 737 and 737 MAX help the growing number of low-cost carriers operate more efficiently and provide affordable fares to the emerging middle class."
For long-haul traffic, Boeing forecasts twin-aisle airplanes twin-aisle aircraft will account for 28% of new airplane deliveries.