What Happened
Aircraft Manufacturer Forecasts Strong Growth In Air Cargo Demand
Boeing expects the global freighter fleet to exceed 4,000 aircraft by 2045, driven by a 3.5% average annual increase in air cargo demand. The company’s World Air Cargo Forecast predicts a 67% increase in the freighter fleet over the next 20 years, with dedicated freighters carrying over half of global air cargo traffic. This forecast is higher than Airbus’ prediction, which expects the worldwide fleet of dedicated freighter aircraft to increase by 46% by 2045. According to Air Cargo News, Boeing’s forecast is based on growing demand for time-sensitive shipments and rising e-commerce volumes.