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:

China is projected to double its commercial airliner fleet by 2042, requiring 8,560 new airplanes to meet surging domestic air travel demand and economic growth.
Boeing's outlook indicates this demand will constitute 20% of the world's airplane needs, with single-aisle designs like the 737 Max family making up the largest share of deliveries.
This significant fleet expansion will generate an estimated $675 billion in aviation services and necessitate hundreds of thousands of new pilots, technicians, and cabin crew.

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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.