Boeing has increased its 20-year forecast for global aircraft demand by 3.5 per cent, predicting that airlines and freight carriers will take delivery of 38,050 aircraft worth $5.6trn by 2034.
In its annual update on future aircraft demand, published yesterday (June 11), Boeing said it expects the global commercial fleet to rise to around 43,600 aircraft in 2034 from the current figure of 21,600.
The OEM said the majority of demand will come from Asia, predicting 14,330 aircraft will be delivered during the next 20 years.
Europe came second with 7,310 deliveries predicted, followed by the Middle East (3,180), Latin America (3,020), Africa (1,170) and the Commonwealth of Independent States (1,150).
In the widebody market, Boeing predicted that there would be a shift in orders from very large aircraft, such as the 787-9 and the A380, to more fuel-efficient and smaller widebodies, such as the 777X and A330.