The Boeing Current Market Outlook 2008 is out


Boeing VP marketing Randy Tinseth is in London today where he personally presented the company’s 2008 Current Market Outlook (CMO) for the next 20 years. This is aerospace we’re talking about – the numbers are bemusingly huge and they make the industry’s traumas look like a minor hiccup in the long run. If you believe them of course. Like Airbus’ Global Market Forecast, Boeing’s is produced bottom-up, airline by agonising airline, so it’s hard to argue with.

But, the suspicion is that neither of them can resist giving it a little self-serving spin at the end. Here are my key points out of it – to stress, they’re mine, not Boeing’s.

  • Forecast sales of jets (>30 seats) 29,400 aircraft worth $3.2 trillion. 30% of those already in the backlog.

  • Global fleet in  20 years to be 35,800 versus 36,400 previously forecast – mainly due to up-gauging (yuk) from smaller regional jets.
  • Markedly faster retirement rate for older aircraft – 43% of the total sales to be for replacement compared to 36% previously forecast. Only 18% of today’s fleet still around in 20 years.

  • Gentler cycles in future (and softer landing this time) due to more diverse sales by geography and model.
  • Whole forecast based on oil at $70-80 a barrel over the period, and global GDP growth (the primary market driver) of 3.2%.

  • Single-aisle (43%) and twin-aisle (46%) dominate the market; only 2% RJs and 9% 747/A380 class.
  • Asia to be biggest market (38%) with Europe (25%) and North America (23%) about the same.
  • 747/A380 class market still worth $290 billion over the period.

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3 Responses to The Boeing Current Market Outlook 2008 is out

  1. Sam July 16, 2008 at 7:18 am #

    ‘Whole forecast based on oil at $70-80 a barrel over the period.’

    They’ve got to be kidding, no? What’s behind this figure?

  2. Kieran Daly July 16, 2008 at 6:05 pm #

    I understand it’s these folks

    It does seem to be the case that there are no two experts on the planet who agree what is going to happen to oil, and the spread of opinion covers $50-250 a barrel. I’m most definitely not an expert.

  3. Mutuelle santé September 21, 2010 at 10:39 am #

    The Boeing current market seems a very high price. As we all know aeronautic industries, either for war or travel has has always cost billions of dollars to our governments and Industries.

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