Shulou(Shulou.com)11/24 Report--

CTOnews.com, September 20 (Xinhua)-- Boeing said at a media conference held today that it predicts that China will need 8560 new aircraft by 2042, of which about 75% will be single-aisle aircraft and about 20% will be wide-body aircraft.

This means that China will need an average of more than 400 new aircraft a year over the next 20 years, according to Boeing CMO Huo Darren. In terms of the size of the passenger fleet, it is predicted that the size of China's passenger fleet will grow to about 2.4 times its current size in the next 20 years.

▲ Tuyuan Boeing official website in June this year, Boeing released the 2023 "Civil Aviation Market Outlook" (CMO), predicting that the global demand for new civil aircraft will reach 42595 by 2042, with a total value of $8 trillion (CTOnews.com Note: currently about 58.4 trillion yuan).

Summary of key points:

Passenger flow growth continues to exceed the global economic growth rate of 2.6%.

The size of the global fleet will nearly double over the next 20 years to 48600 aircraft, an average annual growth rate of 3.5 per cent.

Airlines will update about half of the world's fleet with more efficient new aircraft.

Boeing's forecasts for regional demand and major trends through 2042 include:

The Asia-Pacific market will account for more than 40 per cent of global demand, half of which will come from China.

The fleet in South Asia will grow at an average annual rate of more than 7 per cent, the highest in the world, with India accounting for more than 90 per cent of passenger traffic in the region.

North America and Europe will each account for about 20 per cent of global demand.

By 2042, low-cost airlines will operate more than 40% of the world's single-aisle fleet, well above the current 10%.

The total projected value of the civil aviation services market is $3.8 trillion, including digital solutions that can reduce costs and efficiency, strong demand for parts and supply chain solutions, and growing maintenance and modification business. and effective training services that improve safety and support training channels for pilots and maintenance personnel.

The demand for different models during the 20-year forecast period is estimated as follows:

New single-aisle aircraft will account for more than 75 per cent of total deliveries, a slight increase from the 2022 forecast, totaling more than 32000 aircraft.

The new wide-body aircraft will account for nearly 20% of total deliveries, and these more than 7400 aircraft will allow airlines to open up new markets and serve existing routes more efficiently.

Air cargo will continue to lead the growth of global trade, with carriers requiring 2800 dedicated freighters, including more than 900new wide-body freighters, with the rest being narrow-body and wide-body converted freighters.

New aircraft delivery (2023-2042)

Regional jet 1810 single aisle aircraft 32420 wide body aircraft 7440 cargo aircraft total 42595

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