Global commercial aircraft market expects strong demand in next 20 years, report
The globe will see strong demand for commercial aircraft, with more than 42,000 new aircraft being delivered in the next 20 years worth six trillion U.S. dollars, according to an annual report released Wednesday.
The Commercial Aircraft Corporation of China, Ltd. predicts that the whole world will have over 47,000 passenger planes by 2037, twice as many as the current number.
The report said that the Asian-Pacific region, including China, will be the fastest growing market in the world. The proportion of airliners in this region is expected to increase from 31 percent to 41 percent by 2037. The number of passenger planes in China will reach 9,965 by 2037, with more than 9,000 new planes to be delivered during the period between 2018 and 2037.
The report said that the aviation market of China and countries and regions along the Belt and Road has made steady progress over the past five years.
A total of 65 countries and regions along the Belt and Road have signed air transport agreements with China, and 47 countries and regions have opened direct flights linking China.