US plane maker boeing projected strong, sustained growth in the global air cargo sector, forecasting an average annual increase of four per cent in air cargo traffic through 2043, reports Deutsche Presse Argentur.
The company expects the global air cargo fleet to expand by two-thirds, reaching 3,900 aircraft by 2043, up from 2,340 in 2023.
Driven by demand in high-growth Asian markets, the large widebody freighter fleet will nearly double, the company said.
Boeing said nearly half of the production and conversion deliveries will replace retiring freighters with more capable and fuel-efficient models, as many older jets remain in service due to recent market needs.
East and south Asian markets are expected to see the highest traffic growth per year, driven by expanding economies and rising consumer demand, according to the company.
The Asia-Pacific fleet is projected to nearly triple, with carriers in the region requiring the most deliveries - an estimated 980 freighters - followed closely by North America, which will need 955.
Together, these two regions will account for more than two-thirds of global deliveries, Boeing added.
In particular, India's domestic air cargo market is set to nearly quadruple, fuelled by the rapid expansion of express and e-commerce networks.
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The company expects the global air cargo fleet to expand by two-thirds, reaching 3,900 aircraft by 2043, up from 2,340 in 2023.
Driven by demand in high-growth Asian markets, the large widebody freighter fleet will nearly double, the company said.
Boeing said nearly half of the production and conversion deliveries will replace retiring freighters with more capable and fuel-efficient models, as many older jets remain in service due to recent market needs.
East and south Asian markets are expected to see the highest traffic growth per year, driven by expanding economies and rising consumer demand, according to the company.
The Asia-Pacific fleet is projected to nearly triple, with carriers in the region requiring the most deliveries - an estimated 980 freighters - followed closely by North America, which will need 955.
Together, these two regions will account for more than two-thirds of global deliveries, Boeing added.
In particular, India's domestic air cargo market is set to nearly quadruple, fuelled by the rapid expansion of express and e-commerce networks.
SeaNews Turkey