The Boeing Company detailed its 2008 Current Market Outlook (CMO) for the China region, forecasting a market for 3,710 new airplanes worth about US$390 billion over the next 20 years, PR Newswire reported.
China air travel and air cargo market growth will cause China's fleet to more than triple to 4,560 airplanes by 2027 - about as many airplanes as are in Europe today.
Single-aisle airplanes will account for 70 percent of the new purchases, driven by the world's fast-growing domestic market. Single-aisle airplanes such as the Boeing Next-Generation 737 will be the largest category, with 2,600 new airplane deliveries.
Demand for intermediate twin-aisles, such as the Boeing 787 Dreamliner and 777, will result in approximately 780 airplane deliveries.
Demand will include a limited number of large airplanes (747-size and larger) to connect China with other major world destinations. The market forecast calls for about 100 airplanes in that category.
With China's cargo markets leading the global industry, Chinese air carriers will add about 370 freighter airplanes by 2027, quadrupling its total freighter fleet size.
Worldwide, Boeing projects investments of $3.2 trillion for 29,400 new commercial airplanes to be delivered during the next 20 years.
CargonewsAsia
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