CMO2014

A report by Boeing has forecast that demand for new aeroplanes will reach 36,770 over the next 20 years, with the single-aisle market segment forming 70% of it.

Boeing’s annual Current Market Outlook (CMO) puts the total value of the new aerplanes at $5.2tn.

The report said: "We project that 15,500 of these airplanes (42% of all new deliveries) will replace older, less efficient airplanes. The remaining 21,270 airplanes will be for fleet growth, which stimulates expansion in emerging markets and development of innovative airline business models."

The total number of aircraft in service will double to 42,180 in 2033 from 20,910 in 2013.

Low-cost carriers will fuel the demand for single-aisle aircraft. The segment will be the fastest growing and the most dynamic with 25,680 new aeroplanes needed by 2033.

The single-aisle segment is forecasted to see deliveries worth $2,560bn.

Boeing Commercial Airplanes vice-president of marketing Randy Tinseth said: "Based on the overwhelming amount of orders and deliveries, we see the heart of the single-aisle market in the 160-seat range.

"There’s no question the market is converging to this size, where network flexibility and cost efficiency meet."

According to the forecast, demand is shifting from very large planes to twin-engine products with 8,600 new twin-aisle airplanes required in 20 years.

The market will be driven by Asia-Pacific, which would take 13,460 deliveries as 48% of the global traffic will come from the region. More than 100 million new passengers are projected to enter the market annually.

Image: The total number of airplanes in service is predicted to double to 42,180 in 2033 from 20,910 in 2013. Infographic: courtesy of Boeing.