By 2041, air freight will double, and the global fleet of cargo ships will increase by more than 60 percent.
That’s according to Boeing Global air travel forecast for 2022 (WACF), a two-year analysis of industry dynamics.
The 2022 WACF projects that the global cargo fleet will need nearly 2,800 production and refitted cargo vessels for growth and replacement by 2041.
With freight traffic doubling over the forecast period, operators will need to transition to “more capable, fuel-efficient and sustainable aircraft such as the 777-8 Freighter” to meet demand, Boeing forecast.
One-third of the deliveries will consist of new production cargo ships, while the remaining two-thirds will be converted cargo ships, the manufacturer added.
“While the air cargo market is returning to a more normal pace after the historic demand of the past two years, structural factors including the growth of the express network, the development of supply chain strategies and new entrants to the cargo market are contributing to sustained demand for cargo,” — said a Boeing vice president. of Commercial Marketing by Darren Hulst.
“In the global transportation network, air carriers will continue to be a critical factor in moving high-value goods in larger volumes in expanding markets.”
In accordance with 2022 WACFThe Asia-Pacific region will take delivery of nearly 40 percent of all cargo vessels, including new and refitted cargo vessels, during the forecast period.
Another insight from 2022 WACF is that while specialized cargo aircraft make up eight percent of the total commercial aircraft fleet, they continue to carry more than half of all air cargo, with passenger aircraft carrying the remainder as cargo.
Boeing also noted that the global cargo fleet will grow by more than 1,300 aircraft to more than 3,600 jet aircraft in the next two decades.
https://www.aviationbusinessnews.com/cargo/latest-news-cargo/air-cargo-traffic-to-double-by-2041/ Boeing predicts that the volume of global air travel will double over the next 20 years