Bombardier predicts that - similar to commercial aviation - future challenges facing the business aviation sector include rising fuel prices and increased environmental awareness. Through its new aircraft development programs, Bombardier continues to invest in innovative transportation solutions that include the Global 7000, Global 8000, Learjet 70, Learjet 75, Learjet 85 and Challenger 350 jets.
Commercial Aircraft Market Forecast Numbers
Bombardier Aerospace's 20-year view of the 20- to 149-seat commercial aircraft market predicts 12,800 deliveries from 2013 to 2032, generating over $646 billion in sales revenues. While the overall worldwide demand remains the same as the previous year, the regional distribution has been re-aligned with an expectation for below-average GDP growth in the mature markets of North America and Europe, and for more robust growth in emerging markets.
Bombardier's forecasted industry deliveries by segment are:
-- 20 to 59 seats: 250 aircraft deliveries-- 60 to 99 seats: 5,650 aircraft deliveries-- 100 to 149 seats: 6,900 aircraft deliveries
In the 60- to 99-seat aircraft market, Bombardier expects the regional jet segment will deliver 2,950 units - representing 52 per cent of the 60- to 99-seat segment total - valued at $105 billion, and the turboprop segment to deliver 2,700 units over the 20-year forecast period. In the 100- to 149-seat segment, demand will be driven by the availability of more fuel-efficient and technologically advanced aircraft types. Deliveries from 2013 to 2032 within this segment are forecasted to reach 6,900 aircraft, worth more than $460 billion.
Strong projected traffic demand, an expanding middle class population in growth markets, and the continued relaxation of scope clauses during the forecast period, are the key driving forces behind Bombardier's 20-year commercial aircraft market forecast numbers. While demand from international markets such as India, China, Africa and Latin America are expected to increase significantly, North America is expected to remain the world's largest market in aircraft deliveries, taking an expected 3,710 new aircraft, followed by China and Europe with 2,330 and 1,700 aircraft, respectively.
Bombardier's Commercial Aircraft Market Forecast numbers predicts technical obsolescence and rising oil prices will be the most critical factors influencing airline fleet decisions over the next 20 years and, with the increasing demand for more cost effective and fuel efficient aircraft, 60 per cent of the current commercial fleet will be retired by 2032 with most of the retirements occurring in the smaller 20- to 59-seat segment. However, with increased worldwide interest in new generation technologies which allow for larger and more economical 60- to 149-seat aircraft solutions, and steady economic growth in developing markets, new aircraft demand is anticipated to remain strong.
With its three distinct commercial aircraft families - the Q-Series NextGen, CRJ NextGen and CSeries aircraft - Bombardier has created products that will meet its customers growing demand for sustainable transportation solutions that feature a reduced environmental impact.
Bombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.