The market for jetliners in North America is expected to rise a modest 41% by 2030 as carriers replace aging single-aisle planes with models that promise better fuel efficiency, Boeing Co. said.
Taking into account plane retirements, the regional fleet will grow to 9,330 aircraft from 6,610 today, with new plane sales amounting to a $760 billion business in the next two decades, the aerospace company said in its 2011 regional market outlook. Boeing said North American demand will focus on the single-aisle category, which will account for 73% of the North America fleet by 2030. The U.S. and Canada offer modest growth for big jet makers such as Boeing, while emerging economies in Asia and elsewhere offer high growth rates. Boeing projects jetliner fleets in the Asia-Pacific region to roughly triple in size by 2030. About 65% of demand in the U.S. and Canada is aimed at replacing aging airliners, higher than the global average of about 40%, said Randy Tinseth, vice president of marketing for Boeing's commercial-airliner unit. Chicago-based Boeing intends to boost sales in the single-aisle market with its 737 MAX, a version of the company's popular narrow-body jet, that will carry new, advanced engines. Boeing said in August that it plans to deliver the plane in 2017 and that it had lined up 496 commitments from five airlines. Finally, Boeing said airline-passenger traffic in North America is expected to grow at an annual rate of 2% over the next 20 years, down from about 3% recently.
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