The number of aircraft serving Germany will nearly double by 2032, driven by rising international and domestic air travel requirements, Airbus said on Tuesday citing its recent survey.
In the next 20 years, traffic to and from Germany is expected to grow by 3.5 percent per year. A fleet of 1,821 aircraft will serve Europe's largest economy, up from today's 1,013 aircraft, Airbus said at the opening day of the Berlin Air Show.
The firm forecast that due airport infrastructure constraints in Germany, there would be more demand for bigger, quieter and more eco-efficient planes. The number of very large aircraft, such as the Airbus A380 and Boeing 747, was expected to increase five times from today's 21 to almost 100 aircraft by 2032.
"Germany is the fifth largest aviation market in the world and will continue its upward trend," said John Leahy, Airbus chief operating officer (customers), noting that German market growth was lower compared to world average.
Globally, air traffic would grow by 4.7 percent per year by average, Airbus said. The strongest growth would be seen in emerging markets, among which the Asia-Pacific region would see 38 percent of the global demand for new passenger and freighter planes.
Demand for new aircraft in Europe by 2032 would be nearly 6,000, representing 20 percent of global demand with a market value of 803 billion U.S. dollars. North America would also cover 20 percent of total demand and Latin America 8 percent, the firm said.