Boeing Co. (NYSE:BA) has revised up its rolling 20-year industry forecast for passenger and freight planes demand by 4%, as the jet maker continues to rack up orders at the Paris Airshow for a new version of its best-selling 737 aircraft, launched yesterday.
Over the longer-term, Boeing is forecasting 41,030 industry deliveries over the next two decades, up from 39,620 in a similar projection a year ago and topping US$6trn in value.
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That forecast includes a 5% increase in the 20-year forecast for deliveries of single-aisle aircraft like the Boeing 737 and Airbus A320 families - the cash cows of the world's two largest aircraft manufacturers.
Boeing now expects 29,530 deliveries in the medium-haul single-aisle category, which is popular with low-cost airlines.
Planemakers also see growing opportunities in aviation services, with Boeing forecasting that that market could be worth US$8.5trn over 20 years, also growing at an average 4% a year.
Europe’s Airbus took a similar step in its own 20-year forecast released earlier this month, while increasing the projection for total deliveries by 6%, compared with last year to 34,899 aircraft.