Boeing: Number of Commercial Aircraft to Double by 2032 As New Routes and Markets Are Launched
The airline industry will grow at the rate of 5% per year over the next 20 years, as airlines across the globe continue to open new routes and markets, according to a forecast released by aircraft manufacturer Boeing.
Passenger traffic in 2012 rose 5.3% year-over-year and Boeing believes that world passenger traffic will grow at the rate of 5% annually through 2032.
In its 45th “Current Market Outlook” since 1968, Boeing anticipates a dramatic increase in the number of commercial aircraft deployed worldwide. Currently, the figure stands at 20,310, and that number will more than double by 2032 to 41,420. This includes widebody, single-aisle and regional aircraft.
The greatest increase over the coming 20 years will be in the single-aisle sector, with the number of such aircraft forecast to increase by roughly 223% from 13,040 to 29,130. The widebody market will go from 4,390 to 9,930.
The only sector that will not see a dramatic increase will be regional jets, where the number, according to Boeing, is expected to drop from 2,600 to 2,180.
In addition, Boeing forecasts that 35,280 new aircraft, valued at $4.8 trillion, will be sold over this period with 41% of the total deliveries replacing existing aircraft and the remainder for fleet growth. Seventy percent of the new deliveries or 24,670 will be single-aisle jets.
(Photo: Accura Media Group)