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Commercial aircrafts to get increased to 26,676 by 2029

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aircraft-05Newtown, Conn., 14 July, 2015: Global production of large airline commercial aircraft will total 26,676 worth a cumulative $4.23 trillion in the 15-year time period from 2015 through 2029, predict analysts at market researcher Forecast International in Newtown, Conn.

Building the lion’s share of these large jetliners will be the Boeing Co. in Seattle and Airbus in Toulouse, France, analysts say. This means that the large jetliner market essentially will remain a duopoly for the next decade and a half, despite small competition from Canada’s Bombardier, China’s COMAC, and Russia’s UAC in the market for single-aisle commercial passenger jets.

The competition between Airbus and Boeing will be close and unusually fierce, Forecast International says. Boeing is forecast to produce 12,594 large airliners during the forecast period, representing 47.2 percent of the market. Airbus, meanwhile, will build 12,542 aircraft, a market share of 47 percent.

UAC will build 693 aircraft for a market share of 2.6 percent, consisting mostly of the new MC-21 narrowbody airliner, as well as Il-96s and Tu-204s. Bombardier will produce 540 CS300s, a market share of 2 percent, while COMAC will build 307 C919s, a share of 1.2 percent, analysts say.

Production of large commercial jetliners will rise during the forecast period from 1,399 aircraft in 2015 to 1,845 in 2020, analysts say. A minor cyclical downturn is expected in 2021 and 2022, with output falling to 1,727 aircraft in 2021 and 1,680 in 2022.

After that, annual production is projected to resume rising in 2023, and continue increasing through most of the remaining forecast period, analysts say.

Airbus and Boeing have embarked on a complete overhaul of their product lines, including development of re-engined versions of their current narrowbody families as well as the introduction of new and upgraded widebody models. The two aerospace giants have accumulated order backlogs of eight to nine years’ worth of production at current build rates.

“The huge order backlogs afford Airbus and Boeing considerable flexibility as they strive to adapt to changing market conditions, and provide the two companies with a big margin of error,” says Raymond Jaworowski, Forecast International senior aerospace analyst.

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