Airbus forecasts that the demand for cargo, boosted by e-commerce, is driven by expected growth in express freight of 4.7 percent per year and a general cargo (representing about 75 percent of the market) growth of 2.7 percent. Overall, over the next 20 years, there will be a need for around 2,440 freighters, out of which 880 will be new-build.
In line with growth, ever more efficient aircraft operations globally increase the need for commercial aviation services - including maintenance, training, upgrades, flight operations, dismantling and recycling. This growth is on track at Airbus’ pre-pandemic forecast levels reaching a cumulative value of around $4.8 trillion in the next 20 years.
The demand for air transport to shift from fleet growth to the accelerated retirement of older, less fuel-efficient aircraft, resulting in a need for some 39,000 new-build passengers and freighter aircraft, 15,250 of these for replacement.
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