Boeing Projects Air Cargo Boom Through 2043, Driven by Emerging Markets and E-commerce
Boeing’s 2024 World Air Cargo Forecast anticipates a doubling of global air cargo traffic by 2043, driven by a 4% annual growth rate. This robust outlook highlights the pivotal role of e-commerce and shifting supply chains in reshaping global trade logistics. Emerging markets, particularly in Asia, are set to propel demand, with express carrier traffic forecast to triple, underscoring the rising prominence of expedited delivery services.
The global freighter fleet will expand significantly, growing from 2,340 aircraft in 2023 to an estimated 3,900 by 2043. Of the 2,845 freighters to be delivered, 1,005 will be newly produced, while 1,840 will be converted from passenger planes, reflecting a trend towards efficiency and sustainability. Asia-Pacific will dominate in freighter deliveries, with nearly triple fleet growth, followed closely by North America. Within these markets, express carriers will grow their market share to 25%, driven by the rapid rise of e-commerce networks in India and other emerging economies.
The report underscores Boeing’s commitment to innovation and sustainability, aiming to meet the industry’s evolving needs with fuel-efficient and advanced freighter models. The full forecast is available at Boeing’s official site, offering detailed insights into the future of air cargo.