Over the forecast period, China will remain the largest market outside the USA for new commercial aircraft.
"China is the world’s most dynamic market for commercial airplanes,” said Randy Tinseth, Boeing Commercial Airplanes vice president - Marketing. “The strong domestic air travel growth in China in the first half of 2009 gives us confidence that the world aviation industry is beginning to recover.”
China air travel and air cargo market growth will cause China's fleet to more than triple to 4610 aircraft by 2028, to about as many aircraft as are operating in Europe today.
Single-aisle aircraft will account for 70% of the new purchases, driven by China’s fast-growing domestic market. Single-aisle aircraft such as the Boeing Next-Generation 737 will be the largest category, with 2640 new aircraft deliveries. Demand for intermediate twin-aisles, such as the Boeing 787 Dreamliner and 777, will result in approximately 790 aircraft deliveries. When combined, the single-aisle and intermediate twin-aisle market will make up 91% of China's total delivery dollars.
Demand will include a limited number of large aircraft (747-size and larger) to connect China with other major world destinations. Boeing forecasts about 75 aircraft in that category.
With China's cargo markets leading the global industry, Chinese freight carriers will add about 300 freighter aircraft by 2028, almost quadrupling its total freighter fleet size.
Worldwide, Boeing projects investments of $3.2 trillion for 29 000 new commercial aircraft to be delivered during the next 20 years.