Airfreight demand to double by 2037: Boeing
In a report released at the TIACA Air Cargo Forum, Boeing said that it expects the global demand for airfreight to double over the next two decades, averaging about 4.2 per cent annual growth over that period – a figure that brings the market closer to its pre-recession average of five per cent growth per year, but still far less than the nine per cent growth rate. To handle this demand, the aviation giant said in its latest World Air Cargo Forecast that air cargo operators will need more than 2600 freighters built between now and 2037. That figure will include 980 new medium and large-scale freighters, plus 1670 converted freighters to both replace ageing metal and expand the worldwide fleet to meet the demand. “The air cargo market continues to be a major element of commercial aviation’s growth story,” said Darren Hulst, Managing Director of Market Analysis and Sales Support, Boeing Commercial Airplanes. “Our new forecast indicates strong long-term air cargo trends, which coincide with the market recovery that we have seen over the last few years across Europe, North America, and Asia,” he added.