Boeing’s latest fleet forecast predicts a doubling of the world’s fleet of aircraft in the next 20 years, generating demand for 34,000 new planes, at a cost of $4.5 trillion. At the same time, officials said the demand for freighters will remain sluggish over the next two decades and revised downward their previous forecast. Even so, freighters will nearly double to 3,200 by 2031.
The total freighter number includes 940 new planes and 1,820 conversion freighters.
The majority of the passenger-plane demand will come in the form of single-aisle craft. Boeing is also expecting a demand for 7,950 twin-aisle planes at a cost of $2.08 billion, according to the 2012 Current Market Outlook, released Tuesday.
“The world’s aviation market is broader, deeper and more diverse than we’ve ever seen it,” Boeing’s Randy Tinseth said in a statement. “It has proven to be resilient even during some very challenging years and is driving production rate increases across the board.”
Demand for the most planes over the next 20 years, will come from carriers in the Asia-Pacific region; Asian officials will require 12,030 aircraft, according to Boeing. In the Americas region, officials will require nearly 10,000 planes, and European carriers will need just more than 7,500 aircraft.