The Boeing Company [NYSE: BA] detailed its Current Market Outlook for the Asia-Pacific region today, forecasting a market for about 7,200 new airplanes worth $770 billion over the next 20 years. Over the forecast period, Asia-Pacific will remain the largest market outside North America for new commercial airplanes.
With the continued high rate of growth for Asia-Pacific air travel and air cargo markets, Asia-Pacific's fleet will nearly triple to about 8,600 airplanes by the end of the forecast period.
Nearly 7,200 new airplanes will be needed for future growth and replacement. Single-aisle airplanes, such as the Next-Generation 737, will be the largest category with total new airplane deliveries at 3,690 airplanes. Intermediate twin-aisles such as the Boeing 787 and 777 will comprise approximately 2,430 airplane deliveries. Regional jets will total 540 units delivered and 747-and-larger-size airplanes will be 510 units delivered.
"Passengers are the foundation of air travel and, in a competitive market, the airlines will continue meeting passengers' demands for more direct nonstop flights to destinations around the world with longer-range, efficient and comfortable airplanes," said Scott Carson, Boeing Commercial Airplanes vice president - Sales. "This requirement will be met by airplanes in the 200-to-400-seat capacity category, with relatively few very-large aircraft being needed."
CAPA
With the continued high rate of growth for Asia-Pacific air travel and air cargo markets, Asia-Pacific's fleet will nearly triple to about 8,600 airplanes by the end of the forecast period.
Nearly 7,200 new airplanes will be needed for future growth and replacement. Single-aisle airplanes, such as the Next-Generation 737, will be the largest category with total new airplane deliveries at 3,690 airplanes. Intermediate twin-aisles such as the Boeing 787 and 777 will comprise approximately 2,430 airplane deliveries. Regional jets will total 540 units delivered and 747-and-larger-size airplanes will be 510 units delivered.
"Passengers are the foundation of air travel and, in a competitive market, the airlines will continue meeting passengers' demands for more direct nonstop flights to destinations around the world with longer-range, efficient and comfortable airplanes," said Scott Carson, Boeing Commercial Airplanes vice president - Sales. "This requirement will be met by airplanes in the 200-to-400-seat capacity category, with relatively few very-large aircraft being needed."
CAPA
