Boeing expects 925 new freighter deliveries by 2042
Air cargo will continue to outpace global trade growth with carriers requiring 2,800 dedicated freighters
Boeing is expecting new deliveries of 925 freighters between 2023-2042 as air cargo continues to outpace global growth.
North America will see the highest deliveries (420) during the period followed by China (190) and Eurasia (150), according to the 2023 Commercial Market Outlook released ahead of the Paris Air Show.
The freighter fleet is seen increasing from 2,270 in 2022 to 3,745 by 2042. Cargo traffic (RTKs) is likely to be 630 billion in 2042, up from 260 billion in 2022 (+3.5 percent annually).
With a resurgence in international traffic and domestic air travel back to pre-pandemic levels, Boeing projected global demand for 42,595 new commercial jets by 2042 valued at $8 trillion.
The new CMO comes three years after the pandemic grounded most of the global fleet. Key findings include:
*Passenger traffic continuing to outpace global economic growth of 2.6 percent.
*Global fleet nearly doubling to 48,600 jets, expanding 3.5 percent per year; and
*Airlines replacing about half of the global fleet with new, more fuel-efficient models.
"The aviation industry has demonstrated resilience and adaptability after unprecedented disruption, with airlines responding to challenges, simplifying their fleets, improving efficiency and capitalising on resurgent demand," says Brad McMullen, Senior Vice President of Commercial Sales and Marketing, Boeing. "Looking to the future of air travel, our 2023 CMO reflects further evolution of passenger traffic tied to global growth of the middle class, investments in sustainability, continued growth for low-cost carriers, and air cargo demand to serve evolving supply chains and express cargo delivery."
Boeing anticipates demand for these models:
*New single-aisle airplanes will account for more than 75 percent of all new deliveries, up slightly from the 2022 outlook, and totaling more than 32,000 airplanes.
*New widebody jets will be nearly 20 percent of deliveries with more than 7,400 airplanes enabling airlines to open new markets and serve existing routes more efficiently.
*Air cargo will continue to outpace global trade growth with carriers requiring 2,800 dedicated freighters. This includes more than 900 new widebodies as well as converted narrow-body and widebody models.