Consistently strong growth in air travel will drive Chinese carriers to take delivery of 5,580 new aircraft valued at $780 billion over the next 20 years, says Boeing.
The manufacturer's latest current market outlook for China also forecasts that the total size of the airliner fleet will triple by 2032. It expects that the Chinese market will account for 16% of total airliner deliveries over that time.
"Thanks to strong economic growth and increased access to air travel, we project China traffic to grow at nearly 7% each year," said Randy Tinseth, vice-president of marketing, Boeing.
In comparison, Boeing predicted last year that traffic in China would grow at an average annual rate of 8.9% out to 2031, resulting in demand for 5,260 new aircraft.
With its latest forecast, Boeing expects that the rise intra-Asia travel and Chinese tourism will spur demand for 3,900 new single-aisle aircraft valued at $370 billion.
It sees long-haul international traffic to and from China growing at an annual rate of 7.2%, driving demand for 1,440 new widebody aircraft, valued at $400 billion.
"To compete in the long-haul international market, our Chinese customers are focused on growing their international networks, increasing their capacity and building resources," says Tinseth.
Within the widebody segment, the airframer sees that the greatest demand will be in the 200-300 seat class, with 730 aircraft to be delivered. That is followed by 610 aircraft in the 300-400 seat class, while large widebodies of 400+ seats will account for 100 deliveries.