Observing a strategic change in Chinese aviation policy, Airbus has significantly increased its expectation of the size of the long-term market for airliners in China. With the June 14 release of its annually updated Global Market Forecast, The Air Current was given an advance look at the Airbus figures which include a 12% increase in the total 20-year size of the China market to 9,440 aircraft, now 23.1% of its global total. It’s a sharp jump from the 8,420 it predicted in last year’s forecast for the period from 2022 to 2041.
The 20-year forecast period to 2042 now more deeply reflects China’s shift from heavy growth and rapid expansion to how the country will behave as a mature market.
The China market estimate has been of particular interest since last year’s estimate, which used United Nations population data that saw continued expansion of its populace to 2031, as Airbus acknowledged in an extensive TAC feature on the future of Chinese aviation. However, just days after the publication of the 2022 Airbus forecast, the UN released its heavily revised trajectory showing a declining population in China as early 2022. The Chinese government in July acknowledged population growth had peaked at around 1.46 billion people and was beginning to decline.
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.