Boeing projects a demand in China for 6,020 new airplanes over the next 20 years, valued at $870 billion.
The company released its annual China Current Market Outlook (CMO) in Beijing which shows Chinese carriers will take delivery of nearly 45% of the total demand for airplanes in the Asia Pacific region during the forecast period.
Tourism in China and intra-Asia travel support a strong demand for single-aisle airplanes, with total deliveries reaching 4,340 through 2033.
Chinese airlines with large global networks continue to look for opportunities to expand as international flying increases from tier-2 cities apart from Beijing, Shanghai and Guangzhou. This growth in the long-haul segment is expected to result in demand for an additional 1,480 new fuel-efficient widebodies, such as the 777, 787 Dreamliner and 747-8 Intercontinental. This year’s forecast reflects a continued shift in demand from very large airplanes to efficient new small and medium widebody airplanes.
Worldwide, Boeing projects investments of $5.2 trillion for 36,770 new commercial airplanes to be delivered during the next 20 years. China accounts for more than 16% of the total demand in terms of both new deliveries and market value.
More than 50 percent of all the commercial jetliners operating in China are Boeing airplanes. Some 8,000 Boeing airplanes fly throughout the world with integrated China-built parts and assemblies. China has a component role on every current Boeing commercial airplane model – the Next-Generation 737, 747, 767, 777, as well as the world’s newest and most innovative airplane, the 787 Dreamliner.
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