Boeing has published its Middle East 2042 forecast with a consensus that there’ll be above-average growth.
The CMO or Commercial Market Outlook has been published annually since 1961 and is the longest-running jet forecast.
Its comprehensive analysis of the commercial aviation industry has become a cornerstone of understanding demand, trends and the way forward.
More Airplanes Needed In The Middle East
The American plane marker says that widebodies will comprise 45% of the total deliveries towards Middle East carriers over the next 20 years.
Emirates, Etihad Airways, SAUDIA, and the upcoming Riyadh Air primarily lead it. These carriers, among others, utilise widebodies for day-to-day operations.
Meanwhile, the expectation is that freighter aircraft will be required, too. As part of the latest forecast, Boeing says the dedicated freighter fleet will more than double to 180 jets.
Breaking Down The Interest
Boeing expects that 35 regional jets will be required up until 2042. This represents the slightest demand from the Middle East.
Meanwhile, 1,570 single-aisle jets will be required to serve the growing demand in the sector.
This is closely followed by 1,350 widebody deliveries expected to occur in the next 20 years.
The American plane maker forecasts a total need for 3,025 deliveries in the next 20 years to attend to the growing market.
Due to the nature of operations from carriers in the Middle East typically covering most areas of the globe, more widebodies will be required.
Fantastic Growth In The Region
Iraqi Airways welcomed the delivery of their first Boeing 787 Dreamliner in recent months in a move towards more efficient flying and growth.
Meanwhile, SAUDIA committed to many more Boeing 787 Dreamliners to aid growth in Saudi Arabia.
The region will also enjoy the upcoming launch of Riyadh Air in 2025. This airline will debut with a fleet of Boeing 787s and likely 737 MAXs.
All this doesn’t include the persistent fleet growth seen at the likes of Emirates, Qatar Airways and Etihad Airways, who make up the big three of the Middle East.
Emirates will welcome hundreds of new aircraft in the coming decade as plans to expand its fleet progress.
Comments From Executive
Airlines in the Middle East have increasingly expanded their influence and reach, transforming the region into an international air transit hub. Air travel and cargo demand continue to gain momentum, driven by significant economic growth and national development plans. As airlines in the region will require efficient and versatile fleet solutions, Boeing products will be ready to meet market demands.Darren Hulst, Boeing vice president, Commercial Marketing.