Aircraft forecast sees 33k commercial aircraft in the next 20 years

Boeing predicts a US$4 trillion market for new aircraft over the next 20 years with a significant increase in forecasted deliveries.  The company's annual commercial aviation market analysis released last week foresees a market for 33,500 new passenger aeroplanes and freighters between 2011 and 2030.

"The world market has recovered and is now expanding at a significant rate," said Randy Tinseth, Vice President of Marketing, Boeing Commercial Airplanes. "Not only is there a strong demand for air travel and new airplanes today, but the fundamental drivers of air travel – including economic growth, world trade and liberalization – all point to a healthy long-term demand."

Passenger traffic is expected to grow at 5.1% annual rate over the long-term and the world fleet is expected to double by 2030.  The single-aisle market will continue to see strong demand around the world and is expected to increase its share of the market.  Fleet composition will change significantly by 2030 with single-aisle jets making up 70% of the total. www.boeing.com/cmo

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