Boeing forecasts $4.5 trillion market for new aircraft over next 20 years

New aircraft deliveries 2012-2031. (Source: Boeing.)
New aircraft deliveries 2012-2031. (Source: Boeing.)

Airline traffic is forecasted to grow at a 5% annual rate over the next two decades, with cargo traffic projected to grow at an annual rate of 5.2%.

Widebodies, such as Boeing's 747-8, 777 and 787 Dreamliner, will account for almost $2.5 trillion dollars worth of new aircraft deliveries with 40% of the demand for these long-range airplanes coming from Asian airlines.

Robust growth in China, India and other emerging markets is a major factor in the increased deliveries over the next 20 years. Low cost carriers, with their ability to stimulate traffic with low fares, are growing faster than the market as a whole.

There is also a strong demand to replace older, less fuel-efficient airplanes. Replacement accounts for 41% of new deliveries in the forecast.

The Boeing Current Market Outlook can be found at