Boeing has revised upwards its market forecast for aircraft deliveries over the next 20 years, with the rise of low-cost carriers (LCC) and emerging markets fuelling demand for passenger travel and cargo volumes.<\/p>\n

The Boeing Current Market Outlook (CMO) for 2017-2036 said 41,030 aircraft would be delivered over the next two decades, with 57 per cent to be used for growth and the remainder as replacement of older airframes.<\/p>\n

The forecast represented $6.05 trillion worth of aircraft at list prices.\u00a0The forecast is contained in the manufacturer\u2019s 2017-2036 CMOpresented at the Paris Airshow.<\/p>\n

It is an increase of 3.6 per cent from 39,620 new aircraft deliveries predicted in the 2016-2035 CMO published a year ago.<\/p>\n

Boeing Commercial Airplanes Vice President, Marketing Randy Tinseth said passenger traffic was expected to grow 4.7 per cent a year for the next 20 years.\u2019\u2019<\/p>\n

\u201cThe market is especially hungry for single-aisle airplanes as more people start travelling by air,\u201d Tinseth said in a statement.<\/p>\n

There was an upward revision for the single-aisle (90-230 seats) market, with 29,530 new aircraft expected to be delivered over the next 20 years, up 4.9 per cent from 28,140 in the 2016-2035 CMO.<\/p>\n

\u201cThese new airplanes will continue to stimulate growth for low-cost carriers and will provide required replacements for older, less-efficient airplanes,\u201d the 2017-2036 CMO said.<\/p>\n

The report noted the LCC \u201cbusiness model\u2019s success for short-haul routes is evident in the current aviation market\u201d.<\/p>\n

Further, the rapid expansion of LCCs in Asia had been a key contributor to the overall growth in the short-haul market since the early 2000s, the report said. In some home markets, the penetration rate for LCCs had risen to more than 50 per cent amid double-digit percentage growth rates over the past decade.<\/p>\n

\u201cWhile established network carriers continue responding to aggressive competition posed by the low-cost business models, our current backlog and forecast project that LCCs will penetrate further into the short-haul market and increase regional connectivity,\u201d the report said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Boeing has revised upwards its market forecast for aircraft deliveries over the next 20 years, with the rise of low-cost carriers (LCC) and emerging markets fuelling demand for passenger travel and cargo volumes. The Boeing Current Market Outlook (CMO) for 2017-2036 said 41,030 aircraft would be delivered over the next two decades, with 57 per…<\/p>\n","protected":false},"author":6,"featured_media":2375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,47],"tags":[38],"_links":{"self":[{"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/2373"}],"collection":[{"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/comments?post=2373"}],"version-history":[{"count":1,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/2373\/revisions"}],"predecessor-version":[{"id":2374,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/2373\/revisions\/2374"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/media\/2375"}],"wp:attachment":[{"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/media?parent=2373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/categories?post=2373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/tags?post=2373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}