Aviation News

June 16, 2011

Boeing Forecasts $4 Trillion Airliner Market by 2030

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By: Nate Strong
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SEATTLE, Wash. – In a conference call this morning, Boeing gave it’s current market outlook for this year and the future for commercial airplanes, forecasting growth in the market as a whole to the tune of around 5% a year.

Boeing 747-8 Intercontinental N6067E

Boeing 747-8 Intercontinental (N6067E) with the Cascade Mountains. (Photo by Brandon Farris)

The airplane manufacturer says there will be a need for 33,500 new airplanes between now and 2030, representing about $4 trillion in sales. Most notable is the number of each classification of plane: there will be one percentage point less demand in the “large” market and 10 points less demand in the “regional” markets. The decrease in demand for regional planes is largely because of the increase in high-speed rail.

The biggest growth seen in the current market outlook is in Asia/China. This market is growing at a much speedier rate than any other market — about 7% a year — whereas North America would grow at about 2.3% a year.

Boeing finished up the call by saying its position in the market is fully in line with the current outlook.