Boeing forecasts doubling of air cargo market by year-end of decade

Boeing currently offers several models that cater to this growing market. These include converted freighters like the Boeing 737 BCF and Boeing 767-300 BCF with payload capacities of 21.5 tons and 51.6 tons respectively. Other models include the Boeing 767-300 Freighter and Boeing 777 Freighter with payloads of up to 52.4 tons and 102 tons respectively. The latest addition is the Boeing 777-8 Freighter which can carry up to 112.3 tons.

The report also predicts an increase in the global air cargo fleet by more than 1,500 aircrafts reaching approximately 3,900 by mid-century—a two-thirds increase from current numbers.

High-growth regions such as Asia are expected to see substantial increases in their widebody fleets while Asian-Pacific carriers will require nearly a thousand new deliveries followed closely by North America needing around nine hundred fifty-five units.

Boeing foresees continuous annual growth rates driven primarily through burgeoning markets across East & South Asia where traffic is anticipated highest alongside India's expanding express services quadrupling their reach potentially capturing one-quarter share versus today's eighteen percent stake within sector dynamics overall.