Airbus' latest Global Market Forecast identifies need for over 28,000 aircraft in next 20 years

Airbus A350

Airbus' latest Global Market Forecast (GMF) identifies a need for some 28,200 passenger and freighter aircraft (of 100 seats or more) between 2012 and 2031 worth nearly $4.0 trillion, reconfirming an upward trend in the pace of new aircraft deliveries. Of these over 27,350 will be passenger aircraft valued at $3.7 trillion.

Passenger traffic will grow at an average annual rate of 4.7% in the next 20 years, during which some 10,350 aircraft will be replaced by new efficient models.

By 2031 the world's passenger fleet will have expanded by 110% from slightly over 15,550 today to over 32,550. In the same period, the world's freighter fleet will almost double from 1,600 to 3,000 aircraft.

Emerging economic regions will represent more than half of all traffic growth in the next 20 years. Increasing urbanisation and the doubling of the world's middle classes to five billion people is also driving growth.

Read more: Airbus' latest Global Market Forecast identifies need for over 28,000 aircraft in next 20 years | Airbus | AMEinfo.com