The demand for increased manufacturing of aircraft is high, as indicated in the most recent Airbus' forecast.
Taken from the Airbus website...
Airbus’ Global Market Forecast (GMF) for 2017-2036 offers a forward-looking view of the air transport sector’s evolution – accounting for factors such as demographic and economic growth, tourism trends, oil prices, development of new and existing routes, and ultimately highlighting demand for aircraft covering the full spectrum of sizes from 100 seats to the very largest aircraft over 500 seats.
Entitled “Growing Horizons,” this new forecast – which serves as a reference for airlines, airports, investors, governments, non-governmental agencies and others – anticipates that air traffic will grow at 4.4 per cent annually, requiring some 35,000 new passenger and dedicated freighter aircraft at a value of US$5.3 trillion over the next 20 years.
- Airbus' passenger aircraft fleet in 2017: 18,890
- Airbus' passenger aircraft fleet in 2016: 40,120
- There's strong and resilient passenger traffic growth.
- The middle-class is expected to nearly double by 2036.
- Air traffic doubles nearly every 15 years.
- Roughly 34,900 new deliveries are expected by 2036.
- For the next 20 years, Airbus forecasts 4.4% global annual air traffic growth.
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