Boeing: China Will Need 8,560 New Aircraft in Next 20 Years

Aircraft manufacturing giant predicts the expected explosion in demand will also require more than 433,000 new aviation personnel.

Meg Godlewski

Wednesday, September 20, 2023 at 01:47 PM ET

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Single-aisle aircraft, such as the Boeing 737 Max family, will comprise the category with the largest demand over the next 20 years in China, according to Boeing's Commercial Market Outlook released Wednesday. [Credit: Boeing]

Key Takeaways:

Boeing projects China will need 8,560 new commercial airplanes by 2042, doubling its current fleet and accounting for 20% of global demand.
This expansion is driven by surging domestic and recovering international air travel, with single-aisle aircraft like the 737 Max making up the largest portion of new deliveries.
The fleet growth will also generate an estimated $675 billion in aviation services demand and require 134,000 pilots, 138,000 technicians, and 161,000 cabin crewmembers.

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China will need to double the size of its commercial airliner fleet over the next two decades in order to keep pace with the expected explosion in demand for domestic air travel and economic growth, Boeing [NYSE: BA] said Wednesday.

According to the aircraft manufacturer, market research indicates that China will need 8,560 new commercial airplanes through 2042. During that time, the deliveries will equate to 20 percent of the world’s airplane demand, Boeing said in its Commercial Market Outlook.