MIAMI, Nov. 12,
2024 /PRNewswire/ -- With a strong air cargo market
exceeding pre-pandemic levels, Boeing [NYSE: BA] forecasts
continued long-term growth, saying air cargo traffic will increase
by an average of 4% per year through 2043. These projections appear
in Boeing's 2024 World Air Cargo Forecast (WACF), the biennial
overview and long-term outlook for the air cargo industry.
"As the quickest and most reliable way to move goods, air
cargo's sustained growth has returned the industry to its long-term
trend," said Darren Hulst, Boeing
vice president of Commercial Marketing. "There will be many drivers
for continued freighter demand over the next 20 years, including
expansion of emerging markets and global growth in manufacturing
and e-commerce."
Further insight from the 2024 WACF:
- The global air cargo fleet is forecast to rise to 3,900
airplanes by 2043, a two-thirds increase from 2,340 freighters in
2023.
- Driven by demand in high-growth Asian markets, the
large widebody freighter fleet will nearly double.
- Nearly half of production and conversion deliveries will
replace retiring freighters with more capable and fuel-efficient
models — due to recent market needs, many older jets remain in
service.
Regional movers:
- East and South Asian markets will see the highest traffic
growth per year, driven by expanding economies and consumer
demand.
- With the Asia-Pacific fleet
expected to nearly triple, carriers in that region will require the
most deliveries (980), followed closely by North America (955). These two regions will
account for more than two-thirds of global deliveries.
- India's domestic air cargo
market will nearly quadruple as express and e-commerce networks
expand.
Express carriers forecast:
- Express carriers will serve one quarter of the air cargo market
(up from current 18%).
- Express carriers are poised to grow faster than the industry
average due to an increasing role in e-commerce distribution and
the expansion of express networks in emerging markets.
By the numbers:
|
Freighter deliveries
(2024-2043)
|
2,845
|
|
Production
|
1,005
|
|
Conversions
|
1,840
|
|
Delivery
types
|
|
|
Standard-body
|
1,250
|
|
Medium
widebody
|
785
|
|
Large
widebody
|
810
|
The complete 2024 World Air Cargo Forecast can be found at
www.boeing.com/wacf.
As a leading global aerospace company, Boeing develops,
manufactures and services commercial airplanes, defense products
and space systems for customers in more than 150 countries. As a
top U.S. exporter, the company leverages the talents of a global
supplier base to advance economic opportunity, sustainability and
community impact. Boeing's diverse team is committed to innovating
for the future, leading with sustainability, and cultivating a
culture based on the company's core values of safety, quality and
integrity. Join our team and find your purpose at
boeing.com/careers.
Contact:
Boeing Media Relations
media@boeing.com
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SOURCE Boeing