Largest widebody share in the world
Airlines in Northeast Asia have a higher percentage of widebody airplanes than do airlines in any other region. Currently, 55 percent of all airplanes in service in Northeast Asia are widebody airplanes. By 2034, the region's share of widebody airplanes will decrease slightly to 53 percent, but it will still be the largest share of any region. To hold this share, airlines will need 760 new airplanes, valued at $240 billion.
Specifically, airlines will need 310 small widebodies, 270 medium widebodies, and 20 large widebody airplanes. This inventory will give airlines the flexibility to continue to open new markets around the world. Over the past three years, Northeast Asian airlines have launched 16 new routes, the majority of which opened flying small widebody airplanes.
Northeast Asia air cargo carriers, meanwhile, are well positioned to continue capturing th above-average growth in intercontinental and regional markets. This increase in cargo volume will drive a need for 160 new widebody freighters.