Boeing Projects $760 Bn Market for 7,530 New Airplanes in North America
- Strong demand seen for new, more fuel-efficient single-aisle airplanes
Demand in the United States and Canada will focus primarily on single-aisle jetliners. This is driven by the need to replace aging airplanes with new, more fuel-efficient airplanes. For the purposes of the Boeing forecast, the North America market consists of the U.S. and Canada. Mexico is included in the forecast for Latin America.
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"The North American commercial aviation market improved for a second consecutive year with passenger traffic growth at a modest 3 percent," said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes, who released Boeing's 2011 North America market outlook today in Montreal. "The region's airline industry is poised for long-term, moderate growth. Airlines are expected to continue focusing on capacity discipline and improving financial performance."
Boeing forecasts single-aisle airplanes will grow to 73 percent of the total North America fleet by 2030. A majority of this increased growth in the single-aisle category is related to traffic traveling to and from economically dynamic regions in Central and South America. New single-aisle airplanes, such as the Next-Generation 737 and the recently launched 737 MAX, offer significant advantages in improved capabilities, fuel efficiency and maintenance costs, as well as enhanced environmental performance.
Long-haul international traffic will continue to grow at an average annual rate of approximately 4.5 percent. This growth is expected to result in demand for an additional 1,180 new fuel-efficient, twin-aisle airplanes such as the Boeing 787 Dreamliner.
Large airplanes (747-size and larger) will not see significant demand in North America, with only about 50 airplanes, or 1 percent of the total investment.
Source : The Boeing Company (NYSE: BA)