Air Cargo Management
MENU menu

Boeing’s 2022 CMO forecasts strong demand for maintenance, modifications, digital solutions and training as 41,000 new aircraft will be needed by 2041

boeing building

Boeing has projected demand for more than 41,000 new aircraft until 2041 in its ‘2022 Commercial Market Outlook’ (CMO) annual long-term forecast.

The manufacturer noted the positive impact of demand rebounding for international air travel following ongoing recovery in many domestic markets, and said its prediction “underscored aviation industry resilience two years after the pandemic began”.

The CMO was released ahead of the Farnborough International Airshow, which began today (18 July). It forecasts a market value of US$7.2 trillion for new airplane deliveries, with the global fleet increasing by 80 per cent up to 2041 compared to 2019 pre-pandemic levels.

Approximately half of passenger jet deliveries will replace today’s models, improving the global fleet’s fuel efficiency and sustainability, Boeing said.

Boeing Global Services forecasts US$3.6 trillion in demand in its market segments over the same time period, including strong demand for maintenance and modifications such as converted freighters; digital solutions that increase efficiency and reduce cost; and effective training to enable the supply of pilots and technicians.

“Despite the unprecedented disruption over the past two years, the aviation industry has shown incredible resilience adapting to the challenge,” said Boeing’s senior vice president of commercial sales and marketing Ihssane Mounir. “The 2022 CMO draws upon our expertise forecasting market trends to demonstrate the strong demand for new airplanes and related services in the coming decades, providing a waypoint as the industry continues to navigate its recovery.”

The 2022 CMO includes regional projections in the next 20 years. Continuing their strong growth story, Asian markets account for roughly 40 per cent of long-term global demand for new airplanes, Boeing said. Europe and North America each account for just over 20 per cent of demand, with 15 per cent of deliveries going to other regions.

South Asia’s fleet continues to lead global growth, at 6.2 per cent annually, Boeing noted. Led by India, the region’s fleet will nearly quadruple from 700 airplanes in 2019 to more than 2,600 airplanes through 2041. Southeast Asia is projected to see the second-fastest growth with a near-tripling of its commercial fleet to 4,500 airplanes.

This year’s CMO does not include a forecast for airplane deliveries to Russia due to sanctions against aircraft exports, Boeing added. This change reduces global 20-year demand by about 1,500 airplanes compared to 2021’s CMO.

Single-aisle airplanes will account for 75 per cent of all new deliveries, unchanged from last year’s CMO, and totalling nearly 31,000 airplanes. Through 2041, new widebody airplanes will account for about 18 per cent of deliveries with more than 7,200 airplanes, “enabling airlines to serve new and existing markets, passenger and cargo, more efficiently than in the past”, Boeing said.

The CMO also predicts continued robust demand for dedicated freighters to support global supply chains and growing express networks. Carriers will need 2,800 additional freighters overall, including 940 new widebody models in addition to converted narrowbody and widebody freighters over the forecast period.

Sign In

Lost your password?