• Skip to main content
  • Skip to secondary menu
  • Skip to footer

Travel Marketing

Travel and Tourism Trends

  • Travel Event Calendar
  • Sponsored Post
  • About
  • Contact

As Air Travel Rebounds, Boeing Forecasts Demand for More than 41,000 New Airplanes by 2041

July 16, 2022 By admin Leave a Comment

– International traffic gains momentum as restrictions ease; many domestic markets nearly or fully recovered from pandemic impact

– Over the next 20 years, airplane deliveries and commercial services together valued at $10.8 trillion

– Freighter fleet to grow by 80% including new and converted models

FARNBOROUGH, United Kingdom, July 16, 2022 – With demand rebounding for international air travel following ongoing recovery in many domestic markets, Boeing [NYSE: BA] today projected demand for more than 41,000 new airplanes through 2041, underscoring aviation industry resilience two years after the pandemic began. Boeing released its 2022 Commercial Market Outlook (CMO), the company’s annual long-term forecast, in advance of the Farnborough International Airshow.

The CMO forecasts a market value of $7.2 trillion for new airplane deliveries, with the global fleet increasing by 80% through 2041 compared to 2019 pre-pandemic levels. Approximately half of passenger jet deliveries will replace today’s models, improving the global fleet’s fuel efficiency and sustainability. In addition, Boeing Global Services forecasts $3.6 trillion in demand in its market segments over the same time period, including strong demand for maintenance and modifications such as converted freighters; digital solutions that increase efficiency and reduce cost; and effective training to enable the supply of pilots and technicians.

“Despite the unprecedented disruption over the past two years, the aviation industry has shown incredible resilience adapting to the challenge,” said Ihssane Mounir, Boeing’s senior vice president of Commercial Sales and Marketing. “The 2022 CMO draws upon our expertise forecasting market trends to demonstrate the strong demand for new airplanes and related services in the coming decades, providing a waypoint as the industry continues to navigate its recovery.”

The 2022 CMO includes these regional projections in the next 20 years:

Continuing their strong growth story, Asian markets account for roughly 40% of long-term global demand for new airplanes. Europe and North America each account for just over 20% of demand, with 15% of deliveries going to other regions.

South Asia’s fleet continues to lead global growth, at 6.2% annually. Led by India, the region’s fleet will nearly quadruple from 700 airplanes in 2019 to more than 2,600 airplanes through 2041. Southeast Asia is projected to see the second-fastest growth with a near-tripling of its commercial fleet to 4,500 airplanes.

This year’s CMO does not include a forecast for airplane deliveries to Russia due to sanctions against aircraft exports. This change reduces global 20-year demand by about 1,500 airplanes compared to last year’s CMO.

Single-aisle airplanes will account for 75% of all new deliveries, unchanged from last year’s CMO, and totaling nearly 31,000 airplanes. Through 2041, new widebody airplanes will account for about 18% of deliveries with more than 7,200 airplanes, enabling airlines to serve new and existing markets, passenger and cargo, more efficiently than in the past.

The CMO also predicts continued robust demand for dedicated freighters to support global supply chains and growing express networks. Carriers will need 2,800 additional freighters overall, including 940 new widebody models in addition to converted narrow-body and widebody freighters over the forecast period.

NEW DELIVERIES (2022-2041)
Regional Jet 2,120
Single Aisle 30,880
Widebody 7,230
Freighter 940
Total 41,170

Boeing has provided the CMO annually for more than 60 years. As the longest-running jet forecast, the CMO is regarded as the most comprehensive analysis of the commercial aviation industry. Learn more about the Commercial Market Outlook. In addition, Boeing will release its Pilot and Technician Outlook on July 25.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company’s core values of safety, quality and integrity. Join our team and find your purpose at boeing.com/careers.

SOURCE Boeing

Filed Under: News Tagged With: Aviation, aircraft, airplane

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

Recent Posts

  • Boeing Predicts Resilient Growth and Increased Demand for Aircraft Finance in 2023
  • Things to do in Hanover, Germany
  • Bogota as a preferred destination for business tourism in Latin America
  • Ennismore Signs Deal to Open Second Mondrian Hotel in Mexico’s Tulum
  • A Day in Acre, also known as Akko, a beautiful coastal city with a rich history in northern Israel
  • Things To Do In Krakow, Poland
  • Things to do in Wroclaw, Poland
  • The 2023 Independent Hotel Show is set to take place on March 14-15th at the RAI Convention Center in Amsterdam
  • TAG Airlines and GO7 Partner to Expand Central American and Mexican Travel Options
  • Brazilian Tourism Board Launches Innovation Laboratory in Rio de Janeiro to Improve Tourism Experience and Sustainability

Travel Magazine

It was 1972 when Munich opened up one of Europe’s first pedestrian-only zones
You can now travel abroad and barely ever handle a physical bill or coin
Inside America’s only beluga caviar farm
Viljandi: the Estonian town is full of life and culture
Tel Aviv Beach
The undisputed world destination for pastry arts: The École Nationale Supérieure de Pâtisserie expands
What was it like to be on a cruise ship as Covid-19 was all the rage?
La Sagrada Familia
Edinburgh
Start of the cherry blossom season in Japan

Media Partners

  • Travel Market
  • Virtual Travel Guide
The rapid rise of ‘red tourism’ in China
Model of Jerusalem, with the Herod’s Temple in foreground, during the Second Temple period (circa first century CE), Israel Museum, Jerusalem
Château Quintus Grows with the Acquisition of Château Grand-Pontet
‘A New Day Has Dawned’ As Celebrity Edge Becomes First Cruise Ship To Sail From A U.S. Port In 15 Months
International Mountain Tourism Day 2022 themed events kick off online
Carnival shares climbed after the cruise operator said third-quarter voyages were cash-flow positive
Gaming-Themed Travel Destinations: A Guide for Gaming Enthusiasts
Hawaii’s Inter-County Travel Restrictions to End on June 15
WFH now means working from hotels
Deloitte: Leisure Travel to Take Off This Summer
Harbour House, Bristol
Lufthansa is preparing another wave of flight cancellations
Taiwan Launches Virtual Event Showcasing Taiwan’s Family Travel Offerings with Appearances from Special Guests
The Dyrt Announces the 2022 Best Places To Camp: Top 10 in the U.S.
How mobile apps can support tourism offices and help promote their services to potential travelers
The British Museum has the world’s largest collection of Benin bronzes
A local’s guide to Antwerp, Belgium
Most beautiful castles of Britain
Five Top Tips for Safe Travel This Summer From International SOS
How to travel the world, but stay in one place: exotic and serene destinations

Copyright © 2022 TravelMktg.com

Market Analysis & Market Research

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT