Boeing: New Routes and Markets Will Double Number of Commercial Aircraft by 2034

By Jesse Sokolow on 11 June 2015
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A Boeing 787 Dreamliner

A Boeing 787 Dreamliner

The number of commercial aircraft in service will double over the next 20 years, as airlines across the globe see steady increases in passenger traffic and continue to open new routes, according to a forecast released by aircraft manufacturer Boeing.

In its annual “Current Market Outlook,” Boeing anticipates a dramatic increase in the number of commercial aircraft deployed worldwide. The figure stood at 21,600 in 2014, and that number will more than double to 43,560 by 2034.  This includes wide-body, single-aisle, and regional aircraft.

The fastest-growing segment will continue to be single-aisle aircraft, which will total 26,730 airplanes in the next two decades, led by the Boeing 737 Max and competing Airbus A320neo. Much of this growth, approximately 35% of orders for single-aisle aircraft, will be fueled by low-cost carriers.

Meanwhile, the market for wide-body aircraft is expected to be 8,830.  Smaller widebodies in the 200- to 300-seat range, such as the Boeing 787-8 Dreamliner and the competing Airbus A350 XWB, will lead this segment.

While industry growth will account for most of the demand for new aircraft, the replacement market for aging aircraft will of course continue.  Each year, 2% to 3% of the current fleet will require replacement.

(Photo: Accura Media Group)

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