Travel Industry News at TravelNewsAsia.com since 1997. Interviews, podcasts, videos, pictures and more
Mon, 9 July 2018

Nearly 37,400 New Aircraft Valued at US$5.8 Trillion Required Over Next 20 Years

According to Airbus new Global Market Forecast 2018-2037, the worlds passenger fleet will more than double to 48,000 aircraft in 20 years with traffic growing at a resilient 4.4% per year, driving a need for 37,390 new passenger and freighter aircraft.

Growth drivers include private consumption increasing 2.4 times in emerging economies, higher disposable incomes and a near doubling of the middle classes globally.

Emerging countries will account for over 60% of economic growth, with trips per capita to multiply 2.5 times for these nations.

Combined with evolving airline business models and continuing liberalisation, the growing scale of air transportation will lead to an increasing resilience to regional slowdowns.

Airbus A330neo FTV. Click to enlarge.

Greater aircraft range and capacity through technological developments allow airlines the flexibility to explore new business opportunities whilst maintaining focus on cost reduction.

There is a growing trend to use aircraft across a broader range of operations, with todays more capable aircraft blurring the boundaries between market segments. These realities made us develop a new segmentation with Small, Medium, Large and Extra-Large categories, reflecting more closely the way airlines operate aircraft, said Eric Schulz, Airbus Chief Commercial Officer. Thanks to the versatility of our leading, most comprehensive family of aircraft, the top end of our single aisles, the A321neo, fly efficiently on long haul routes and our wide bodies like the A330neo equally serve regional operations. Were extremely strong in this Medium market segment.

The Small (S) segment means aircraft such as the A320neo while the Large (L) segment has the A350-900. In the Extra-Large (XL) segment, the market for replacement aircraft is just starting and provides opportunities for the A350-1000 combined with the A380.

Looking at the four segmentations more closely, in the Small segment typically covering the space where most of todays single-aisle aircraft compete, there is a forecast future requirement for 28,550 new aircraft, representing more than three-quarters of total expected demand.

In the Medium segment, for missions requiring additional capacity and range flexibility, represented by smaller widebodies and longer-range single-aisle aircraft, Airbus forecasts demand for 5,480 passenger and freight aircraft.

For additional capacity and range flexibility, in the Large segment where most A350s are present today, there is a need for 1,760 aircraft.

In the Extra-Large segment, typically reflecting high capacity and long range missions by the largest aircraft types including the A350-1000 and the A380, Airbus forecasts demand for 1,590 aircraft over the next 20 years.

Of the 37,390 new aircraft required, 26,540 are for growth and 10,850 will replace older generation less fuel efficient aircraft.

The more than doubling in the world fleet to 48,000 aircraft results in a need for 540,000 new pilots.

See also: airBaltic Airbus A220-300 HD Video and Podcast Interview with Martin Gauss, CEO.

See latest HD Video Interviews, Podcasts and other news regarding: Airbus, Forecast, Outlook, Aircraft, Aviation.

Subscribe to our Travel Industry News RSS Feed Travel Industry News RSS Feed from TravelNewsAsia.com. To do that in Outlook, right-click the RSS Feeds folder, select Add a New RSS Feed, enter the URL of our RSS Feed which is: https://www.travelnewsasia.com/travelnews.xml and click Add. The feed can also be used to add the headlines to your website or channel via a customisable applet. Have questions? Please read our Travel News FAQ. Thank you.

     
Advertising
Advertising
Copyright © 1997-2022 TravelNewsAsia.com