Boeing forecasts China trillion dollar new plane order boom

Boeing is projecting a demand for 6,810 new airplanes in China over the next 20 years with a total value of just over $1trn, the US plane maker’s first trillion dollar aviation market.
Driven by China’s growing e-commerce business – already the largest in the world – air cargo is expected to become a key driver for the continuous growth of aviation in China, with the need for 180 new freighters and 410 converted freighters, said Boeing.
China’s leading provider of commercial airplanes made its forecast in its annual China Current Market Outlook (CMO) today in Beijing.
Randy Tinseth, vice president of marketing at Boeing Commercial Airplanes, said: "As China transitions to a more consumer-based economy, aviation will play a key role in its economic development.
"Because travel and transportation are key services, we expect to see passenger traffic grow 6.4% annually in China over the next 20 years."
Boeing forecasts that the widebody fleet will triple in size, requiring 1,560 new airplanes such as the 787, 777 and 777X. 
This year’s forecast reflects a continued shift from very large airplanes to efficient new small and medium widebody airplanes.
China’s single-aisle fleet currently accounts for about 18% of global single-aisle aircraft; however, China’s widebody fleet only represents approximately 5% of the global widebody segment.
"The continuing expansion of China’s middle class, coupled with new visa policies and a wide range of widebody airplanes with new technologies, capabilities and efficiencies, gives us every reason to expect a very bright future for China’s long-haul market," said Tinseth.

New Airplane China Deliveries Through 2035

Airplane type

Seats

Total deliveries

Dollar value

Regional jets

90 and below

140

$10B

Single-aisle

90-230

5,110

$535B

Small wide-body

200-300

870

$240B

Medium wide-body

300-400

630

$220B

Large wide-body

400 and above

60

$20B

Total

———–

6,810
(17% of world total)

$1.025T
(17% of world total)

Source: Boeing Commercial Airplanes

Share this story

Related Topics

Latest airlines news

Suparna to leverage WorldACD cargo data insight

China-based Suparna Airlines aims to build its air cargo expertise following the signing of a memorandum of understanding (MoU) with…

Read More

Share this story

General air cargo demand takes off thanks to e-com and ocean disruption

General cargo has been growing at a faster rate than special products so far this year as a result of…

Read More

Share this story

WestJet Cargo joins online booking portals with cargo.one partnership

WestJet Cargo has added its capacity to third-party booking portal cargo.one as it continues to ramp up its digital offering….

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.