Chinese airlines will need 8,575 aircraft over the next 20 years, predicts Comac in a new market forecast released on 19 September.
The airframer adds that of the total demand, single-aisle aircraft will account for 64% at around 5,488 units. Widebodies will account for 23% of demand at around 2,000, while turboprops will take up the rest.
The total value of the aircraft required by Chinese carriers will come to around $121 billion.
Meanwhile, it anticipates that global demand for new narrowbodies will reach 28,718, with widebodies accounting for 9,040 jets. Turboprop aircraft are expected to hit 5,255 deliveries.
Comac's forecast is based on the assumption that China continues to maintain steady economic growth over the next two decades with an average annual growth rate of 5.2%.
It also forecasts that by 2035, the global fleet fleet size is expected to reach 45,376, just over double the current global existing fleet of 21,662.
"The difference in economic growth between the emerging economies like China and the developed countries will continue, and the growth in aviation demand in emerging economies will be higher than the global average," says Comac.
Source: Cirium Dashboard
