Boeing Predicts Expanding Market In China

Demand for new commercial aircraft in China is continuing to grow and will result in more than 6,000 deliveries over the next 20 years, according to the latest forecasts from Boeing.

Demand for new commercial aircraft in China is continuing to grow and will result in more than 6,000 deliveries over the next 20 years, according to the latest forecasts from Boeing.

The OEM estimates that Chinese carriers will take delivery of 6,020 aircraft between 2014 and 2033 – a 14 per cent increase on its 20-year forecast published two years ago.

Boeing predicts that Chinese airlines will account for close to 45 per cent of new aircraft deliveries in Asia Pacific up to 2033, and that the market in China alone will be worth $870bn.

Increased tourism within China and Asia will see strong demand for single-aisle airplanes says Boeing, with deliveries of narrowbodies predicted to reach 4,340 by 2033.

In the widebody market, the OEM says that there will be a shift in demand from very large aircraft to more fuel-efficient small and medium widebodies. In total, it estimates that China will take delivery of 1,480 widebodies by 2033.

TAGS: Asia Pacific
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