Airbus Forecasts $4.6 Trillion Jetliner Market
Company Says ‘Demand Exceeds Supply’
Airbus Group said Wednesday it sees the market for jets rising to $4.6 trillion over the next two decades, noting that Chinese domestic travel will surpass the United States as the number one travel market
The forecast is close but not quite as bullish as Boeing’s, released this past July, which foresees 36,770 planes in the same period with a value of $5.2 trillion.
The rosier outlook has caused the plane maker to study the possibility of increasing production of two of its wide-body aircraft, the A350 XWB and A330neo.
In total, aircraft manufacturers will deliver 31,400 freighters as well as passenger jets that seat 100 or more passengers in the period through 2033, Airbus forecasted. Airbus’ outlook last year foresaw roughly 2,000 fewer planes.
The Toulouse-based airframe manufacturer also said that the global fleet of passenger jets and freighters will more than double to 37,500 by 2033, even as some 12,400 older and less fuel-efficient planes are retired.
Airbus sees wide-body jets as the largest market, which comprises such planes as its own A350 and Boeing’s 787 Dreamliner. “Demand exceeds supply for these” models, said John Leahy, Airbus’ chief operating officer.
The largest volume market will be single-aisle planes such as the Airbus A320 and Boeing’s 737. These will comprise roughly 70% of actual unit sales.
Airlines in the Asia-Pacific region will account for 37% of deliveries, with Europe at 22% and the United States at 21%
(Photo: Accura Media Group)