|
Boeing
has said it sees a $5.4 trillion market for new commercial airplanes and aviation
services during the next 20 years, which will bring about a doubling of the world's
airplane fleet by 2023 and accommodate a forecasted 5.2 percent annual increase
in world air travel.
The company released its 2004 Current Market Outlook today during the
Farnborough Air Show. The report is widely regarded as the most comprehensive and respected analysis of the commercial aviation market.
"The long-term market outlook remains positive," said Boeing Commercial
Airplanes Vice President of Marketing Randy Baseler. "Even severe downturns
such as we've experienced during the past few years do not change the fundamentals of economic growth and the need for people to travel."
Boeing projects that operators will invest $2.0 trillion for approximately 25,000 new
commercial airplanes during the next 20 years. Of that:
17 percent (4,290 airplanes) will be regional jets,
59 percent (14,770 airplanes) will be single-aisle airplanes, 21 percent (5,150 airplanes) will be for intermediate,
twin-aisle airplanes, and 3 percent (790 airplanes) will be for 747 and larger
airplanes.
That
would help increase the world fleet to almost 35,000 airplanes.
"Passengers want the freedom to go where they want to go, when they want to
go," Baseler said. "In the ever increasing competitive market, airlines will continue
to meet passengers' demands for more nonstop, point-to-point flights and
increased frequency choice, not larger airplanes."
In addition Boeing estimates that the commercial aviation
support services market will be $3.4 trillion over the next 20 years.
"Boeing's airplanes and services allow our customers to maximize their
efficiency, increase profitability, and provide the nonstop service and frequency
choices passengers want," Baseler said. |
