http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.03Change: -0.04
R/$ = 11.99Change: -0.14
Au 1195.90 $/ozChange: -10.25
Pt 1139.50 $/ozChange: -16.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Oct 03, 2012

Boeing forecasts airfreight to grow strongly over next two decades

Back
Industrial|The Boeing|United States|Aerospace|Gross Domestic Product|Product|Service|Supply Chains|Tom Crabtree|Boeing 747
Industrial|||Service|||
industrial|the-boeing|united-states|aerospace|gross-domestic-product|product|service|supply-chains|tom-crabtree|boeing-747
© Reuse this



Giant US aerospace group Boeing predicted on Tuesday, in the latest (2012/2013) edition of its biennial Boeing World Air Cargo Forecast, that the world’s gross domestic product (GDP) will nearly double over the next 20 years, driving strong growth in the global air freight market. This will result in an 84% increase in the number of cargo aircraft in service between now and 2031.

“Current industry uncertainty has brought a disparity of viewpoint concerning the future of the air cargo business, but economic activity – particularly world gross domestic product and industrial production – remains the key driver of the air cargo market,” stated Boeing Commercial Airplanes business development and strategic integration regional director Tom Crabtree.

Although air freight saw a recovery in 2010, this was followed by a slight decline in 2011, a decline which has continued, to date, in 2012. However, Boeing expects this decline, and the wider economic uncertainty underlying it, to continue only in the near-term.

“Over the long term, indicators such as GDP growth at 3.2% and the need for greater operational efficiency will prevail in the marketplace,” he affirmed. “Air cargo is and will continue to be a vital tool for global business and commerce in the management of supply chains and bringing critical goods to market.” Over the 20-year forecast period, the group sees global air cargo growing at an average annual rate of 5.2%.

In consequence, the world cargo aircraft fleet will grow from the current level of 1 738 to 3 198 by 2031. Of the 2031 total, 36% will be large freighters such as the Boeing 747 and 777 – today, such aircraft account for 31% of the global air freighter fleet. Increased use of larger aircraft will allow operators to manage the increase in traffic without having to increase the sizes of their fleets by an equivalent percentage.

Of the new freighter aircraft that will enter service over the next 20 years, 935 will be new-build aeroplanes (worth $250-billion), but 66% of the fleet (1 820 aircraft) will come from cargo conversions of existing passenger aircraft. A number of these aircraft will, of course, replace existing freighter aircraft.
 

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Transport & Logistics News
The government of St Helena (SHG) and its Department for International Development (DFID) on Friday appointed airline Comair as the provider of air services to St Helena with the Island’s first airport opening in 2016. Comair would offer a weekly Saturday service,...
South African Airways (SAA) announced on Friday that it has completed its 90-Day Action Plan. This was launched on December 9 and was intended to enable the full implementation of the airline’s already approved Long Term Turnaround Strategy (LTTS). The airline also...
The Vans division of Mercedes-Benz will launch a midsize pickup before the end of the decade, the German manufacturer announced on Friday. “The Mercedes-Benz pickup will contribute nicely to our global growth targets,” says Dr Dieter Zetsche, chairperson of the...
More
 
 
Latest News
The government of St Helena (SHG) and its Department for International Development (DFID) on Friday appointed airline Comair as the provider of air services to St Helena with the Island’s first airport opening in 2016. Comair would offer a weekly Saturday service,...
The Department of Communications (DoC) digital terrestrial television (DTT) project team was accelerating its efforts to “revive” South Africa’s long anticipated transition from analogue to digital broadcasting. After a more than six-year delay, the next few weeks...
Paul-Roux de Kock
Residential property prices are forecast to grow at 7.2% this year, on the back of 6.72% growth in 2014.
More
 
 
Recent Research Reports
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
 
 
 
 
 
This Week's Magazine
Projected capital expenditure (capex) in the South African automotive assembly industry should reach a record R7.48-billion this year, says the National Association of Automobile Manufacturers of South Africa (Naamsa) in its 2014 fourth quarter business review. Capex...
After several years of navigating project-threatening red tape and currency fluctuations, the 4.4 MW Bronkhorstspruit biogas power plant, which will supply clean energy to a leading automotive manufacturer in Gauteng, is expected to enter production before June....
RESOURCEFUL The raw material for the pilot plant would be supplied from the dissolving wood pulp plants at Sappi’s Saiccor and Ngodwana mills, in South Africa, and the Cloquet mill, in the US
South African paper and pulp producer Sappi reported earlier this month that it would build a pilot plant for the production of low-cost Cellulose NanoFibrils, or CNF (nanocellulose) at the Brightlands Chemelot Campus in Sittard-Geleen in the Netherlands.
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on recently. "But we are starting from a point of huge...
Poor infrastructure planning and inadequate maintenance are becoming increasingly problematic for new developments and the associated infrastructure required to support such developments. In many urban and rural municipalities, the state of infrastructure has been...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96