Yet another forecast on the amazing aviation potential of China. Boeing detailed its 2009 market update for commercial airplanes for the China region, forecasting a requirement for 3,770 new airplanes valued at $490 billion over the next 20 years. Over the forecast period, China is and will remain the largest market outside the United States for new commercial airplanes.
China air travel and air cargo market growth will cause China’s fleet to more than triple to 4,610 airplanes by 2028, to about as many airplanes as are operating in Europe today.
Single-aisle airplanes will account for 70% of the new purchases, driven by China’s fast-growing domestic market. 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 airplanes (jumbos and larger) for overseas flight. The market forecast calls for about 75 airplanes in that category.
Chinese freight carriers will add about 300 freighter airplanes by 2028, almost quadrupling its total freighter fleet size.
ASD News states that the Boeing 2009 forecast combines today’s market environment with a long-term view that portrays how air transport will be transformed over the next 20 years.