Air carriers in North America will take delivery of about 7,200 new airliners over the next 20 years, amounting to a $700bn investment, according to Boeing forecasts.
New deliveries in Canada and the US will be driven by the need to retire older, less fuel-efficient single-aisle airplanes and regional jets.
Boeing Commercial Airplanes vice-president of Marketing Randy Tinseth said that North America is a large, mature market and it expects passenger traffic for the region to grow at a modest rate of 3.4%.
“The fast-paced lifestyles in Canada and the US require rapid, frequent and reliable coast-to-coast and interregional transportation,” said Tinseth.
“Driven by this demand, nearly three-quarters of new deliveries over the next 20 years will be single-aisle airplanes.”
According to Boeing, single-aisle aircraft will grow from 56% of the total current North America fleet to 71% by 2029.
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By GlobalDataTwin-aisle fleets will evolve in the region as airlines continue to expand international point-to-point services to a wider range of airport pairs and frequencies.
Small and mid-sized twin-aisle airplanes will grow to 19% of the North America fleet by 2029.
Large airplanes will not have significant demand in the region, with only about 40 units (all freighters), or 1% of the total investment.
During the period, regional jets will see a declining demand in North America as airlines shift to more fuel-efficient turboprops or larger jetliner models, according to the forecast.
