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The company projects a demand for more than 35,000 new airplanes over the next 20 years, valued at $4.8 trillion.
The company released its annual Current Market Outlook (CMO) in Paris, forecasting the world fleet to double over the next two decades. Both passenger traffic and cargo traffic are expected to grow 5 percent annually."This forecast gives us confidence as we increase our production rates and invest in new products like the 777X and 787-10X," said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. "Airlines are demanding more efficiency and that is exactly what we'll be giving them."The single-aisle market, served by Boeing's Next-Generation 737 and the future 737 MAX, is the main driver of the forecast and continues to show strength. 24,670 new airplanes will be needed in this segment due to the growth of low-cost carriers and airlines from emerging markets. Widebodies, such as Boeing's 747-8, 777 and 787 Dreamliner, also make up a large part of the forecast. 8,590 new airplanes will be needed in this segment, fueled in part by airlines replacing their older fleet with new, more fuel-efficient airplanes.New Airplane Deliveries: 2013-2032
90 and below
90 – 230
200 – 300
300 – 400
400 and above
The market for new airplanes will continue to become more geographically balanced over the next two decades. Asia-Pacific, including China, will lead the way in total airplane deliveries.New Airplane Deliveries: 2013-2032
After facing high and volatile fuel prices and a highly competitive environment, airlines have been forced to change the way they manage their business.More information: www.boeing.com