PARIS, Oct. 26, 2016 /PRNewswire/ -- Boeing [NYSE:BA]
projects air cargo traffic will grow at an annual rate of 4.2
percent over the next 20 years, with 930 new and 1,440 converted
freighters needed to meet market demand by 2035.
The company released its biennial World Air Cargo Forecast at
TIACA (The International Air Cargo Association) Air Cargo Forum and
Exhibition in Paris today.
"The air cargo market has faced several years of below trend
growth," said Randy Tinseth, vice
president, Marketing, Boeing Commercial Airplanes. "As trade
continues to recover, we're confident the air cargo market will see
growth over the long-term."
Boeing projects the e-commerce market will be one of the primary
factors driving that growth, reaching $3.6
trillion by 2020. Additionally, China's express market keeps expanding, with a
five-year growth rate of 55 percent in volume and 39 percent in
revenue.
The forecast shows markets linked to Asia will lead all other international markets
in average air cargo growth. Dedicated freighters still carry more
than half of air cargo traffic and remain the leading cargo
capacity provider.
Boeing forecasts that the world air cargo fleet will expand by
70 percent by 2035, adding a total of 2,370 freighters to the
market. The forecast sees demand for 550 large production
freighters, 380 production medium widebody freighters, 400 widebody
conversion freighters and 1,040 medium conversion freighters.
Boeing products make up more than 90 percent of the world's
dedicated freighter capacity. Boeing offers integrated solution for
freighter operators, whether they carry express cargo or industrial
goods.
"Air cargo is critical to global trade, and Boeing offers the
most comprehensive product lineup in the industry," said Tinseth.
"Our airplanes provide capacity and reliability advantages that
will help our customers adapt and succeed in the evolving air cargo
marketplace."
From standard-body freighters to large freighters, the Boeing
Freighter Family has an unmatched selection of capacity and
capability with superior economics. Boeing offers a complete family
of production freighters – the 767-300, 777 and 747-8 Freighters –
as well as the 737BCF and 767-300BCF conversion freighters.
The 2016 World Air Cargo Forecast is available for download
here. Boeing has published the biennial World Air Cargo Forecast
for the past three decades.
Contact:
Elizabeth Bieri
Boeing Commercial Airplanes Communications
+1 206-465-2438
elizabeth.e.bieri@boeing.com
www.boeing.com
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SOURCE Boeing