According to Oliver Wyman, the world's aircraft fleet will grow by 28% by 2034

16-05-24

The global aircraft fleet will experience significant growth over the next decade, increasing by 28% to 36,400 aircraft by 2034, up from 28,400 today. This is according to the annual report ‘Global Fleet & MRO Market Forecast 2024-2034’ by consultancy Oliver Wyman.

The report highlights that 2024 will be the first year of real growth in the global aircraft fleet since the peak reached before the Covid-19 pandemic. However, the compound annual growth rate (CAGR) will be 2.5%, slightly lower than the 2.9% projected last year for 2023-2033. This adjustment is due to more modest global economic growth, influenced by higher global interest rates and lower than expected aircraft production.