The Asia-Pacific region including China will need 1,000 jets in the 30- to 120-seat categories over the next 20 years, according to Embraer, which released its latest market forecast at Asian Aerospace yesterday. The region will account for 13% of project world deliveries.
Global demand for regional aircraft in those categories amounts to 7,950 for the same period. The total market over that period is valued at roughly $180 billion.
According to the forecast, Asia-Pacific and China will account for about one third of air traffic demand by 2025.
The report – 2006 – 2025 Market Outlook – says that increased air travel demand will be underpinned by a positive economic scenario characterised by continued globalisation and the liberalisation of national economies. This will lead, in turn, to continuous reductions in average air ticket prices.
Measured by GDP, the world economy will grow by an average of 3% a year over the 2006-25 period, while demand for air travel will grow faster, averaging 5.1% in Asia-Pacific and up to 7% in China.
The report says that in the 30- to 60-seat category, Asia-Pacific and China will need 220 aircraft over 20 years; in the 61- to 90-seat sector, 395 aircraft and in the 91- t0 120-seat segment 385 aircraft over the same period.
The Embraer 2006-2025 Market Outlook is available online at www.embraer.com/outlook
Source: Flight Daily News