Boeing anticipates demand for more than 41,000 new airplanes by 2041 due to the growing demand for international air travel and easing travel restrictions, according to the company’s 2022 Commercial Market Outlook (CMO).
The American plane maker expects that aircraft deliveries and commercial services together will be valued at $10.8 trillion over the next 20 years.
Out of Europe and North America, Asian markets are estimated to require the most new aircraft by 2041, accounting for roughly 40% of long-term global demand for new planes. Meanwhile, Europe and North America are each estimated to account for just 20% of global demand for new aircraft.
“Despite the unprecedented disruption over the past two years, the aviation industry has shown incredible resilience adapting to the challenge,” said Ihssane Mounir, Boeing’s senior vice president of Commercial Sales and Marketing.
Mounir added: “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.”
It is worth noting that this year’s commercial outlook does not include a forecast for aircraft deliveries to Russia due to sanctions against aircraft exports in the wake of Russia’s ongoing invasion of Ukraine.
Boeing estimates that the freighter fleet will grow by 80%, including new and converted aircraft models.
“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,” Boeing outlined in its 2022 commercial outlook.
Boeing’s 2022 Commercial Market Outlook was released just two days ahead of the Farnborough Airshow 2022. The United Kingdom’s largest airshow will take place between July 18 and July 22 and is the first time the FIA has opened its doors since 2018.