With a significant air cargo market exceeding pre-pandemic phases, Boeing forecasts persisted prolonged-duration of time growth, pronouncing air cargo traffic will expand by a median of 4% per twelve months through 2043. These projections appear in Boeing’s 2024 World Air Cargo Forecast (WACF), the biennial overview and prolonged-duration of time outlook for the air cargo swap.
“As the quickest and most legit solution to lag items, air cargo’s sustained growth has returned the swap to its prolonged-duration of time pattern,” acknowledged Darren Hulst, Boeing vice president of Commercial Advertising and marketing and marketing.
“There’ll be many drivers for persisted freighter ask over the next two decades, together with expansion of rising markets and worldwide growth in manufacturing and e-commerce.”
Further perception from the 2024 WACF:
- The worldwide air cargo speedy is forecast to upward push to a pair of,900 aeroplanes by 2043, a two-thirds expand from 2,340 freighters in 2023.
- Pushed by ask in excessive-growth Asian markets, the tremendous widebody freighter speedy will in terms of double.
- Practically half of manufacturing and conversion deliveries will replace retiring freighters with extra capable and gas-efficient items — attributable to most up-to-date market wants, many older jets live in service.
Regional movers:
- East and South Asian markets will glance the absolute best traffic growth per twelve months, driven by increasing economies and user ask.
- With the Asia-Pacific speedy expected to in terms of triple, carriers in that space would require basically the most deliveries (980), adopted closely by North The United States (955). These two areas will memoir for added than two-thirds of worldwide deliveries.
- India’s domestic air cargo market will in terms of quadruple as explicit and e-commerce networks expand.
Suppose carriers forecast:
- Suppose carriers will back one-quarter of the air cargo market (up from the most up-to-date 18%).
- Suppose carriers are poised to grow sooner than the swap average attributable to an increasing operate in e-commerce distribution and the expansion of explicit networks in rising markets.
