Boeing (NYSE: BA) revised its forecast for commercial aircraft sales over the next 20 years to 34,000 planes. The value of the entire inventory should be $4.5 trillion, as carriers worldwide combine to double the global fleet. The only real competitor to Boeing for the largest and most expensive planes is EADS division Airbus. Many of the models that will make up the forecast sales have just come into service, led by the Boeing 787 Dreamliner and Airbus A-380 super jumbo. According to the new Boeing 2012 Current Market Outlook (CMO), Asia Pacific sales will account for 12,030 of the sales for the twenty year period. The report said:
Airline traffic is forecasted to grow at a 5 percent annual rate over the next two decades, with cargo traffic projected to grow at an annual rate of 5.2 percent. The single-aisle market, served by Boeing’s Next-Generation 737 and the future 737 MAX, will continue its robust growth. Widebodies, such as Boeing’s 747-8, 777 and 787 Dreamliner, will account for almost $2.5 trillion dollars worth of new airplane deliveries with 40 percent of the demand for these long-range airplanes coming from Asian airlines.