Boeing Forecasts South East Asia will need almost 4,000 new Airplanes in the Next 20 Years

Randy J. Tinseth, Vice President – Marketing Boeing Commercial Airplanes

Randy J. Tinseth, Vice President – Marketing Boeing Commercial Airplanes

Bangkok, 25 April 2017 – Boeing Commercial Airplanes unveiled its Current Market Outlook forecasting the aviation market for the next 20 years. Randy Tinseth, Vice President, Marketing of Boeing Commercial Airplanes told the media during a press briefing in Bangkok that globally airlines will need 39,620 new airplanes valued at USD 5.9 trillion by 2035 according to Boeing’s Current Market Outlook. The majority of this airliners will be single-aisle aircraft at 28,140 planes or 71 per cent of the total number needed. The value of single-aisle planes needed is 51 per cent or around USD 3,000 billion.

South East Asia alone will need 3,860 new airplanes worth USD 565 million in the next 20 years. This is almost 10 per cent of the global demand and South East Asia will be an exciting aviation market. This is because the emerging economy and low-cost carriers in the region. 77 per cent demand of the region is for single-aisle aircraft (comparing to global demand of single-aisle at 71 per cent). Nearly three fourth of South East Asia demand for new airplanes is for the growth of the airlines and Only 27 per cent of South East Asia new airplanes are for replacing old aircraft. Making the number of airplanes in the region will triple from 1,360 to 4,180 in 2035. Despite the global trend that the growth will only double in next 20 years . Since 2009, South East Asia traffic has grown more than 10 per cent annually and the major countries contribute this are Indonesia, Malaysia, Vietnam and Thailand.

Not only demand for new airplanes, Boeing also forecast that commercial aviation will demand USD 8 trillion in services such as training, maintenance and engineering, ground and cargo operation, flight operations, and marketing and planning for the next 20 years.
Boeing also insists its position of industry leader that the company has delivery the most airplanes in the past  5 years. The company is accounted for 50 per cent of narrow body aircraft and 60 per cent of wide body aircraft in the market. Boeing Commercial Airplane’s backlog is 5,715 aircraft valued at USD416 billion. This will take 7 years for production and delivery.

This year, Thai Airways will take delivery of its first Boeing 787-9 Dreamliner. Lion Group’s Malindo and Lion Air will receive 8 Boeing 737 MAX 8s. Malindo will be world’s first 737 MAX operator.

Boeing Commercial Airplanes’ current product line consist of 737 Family of single-aisle airplane which include 737-700, 737-800 and 737-900ER while the newest generation of 737 MAX will include 737 MAX 7, 737 MAX 8, 737 MAX 9 and 737 MAX 200.  The larger version of 737 MAX 10 is under studying and developing process and might be launch  this year and will be delivery to airline by 2020. The wide body product lines currently include 767-300ER, 787-8, 787-9, 777-200LR, 777-300ER and 747-8. In the future there will be 787-10, 777-8 and 777-9 as 767-300ER, 777-200LR and 777-300ER discontinued by 2020.

Boeing 787-9 Dreamliner

Boeing 787-9 Dreamliner

 

Boeing 737 MAX 8

Boeing 737 MAX 8