The world’s freighter fleet is expected to grow to 4,249 units by 2026, about 2.5 times the 2006 fleet, with each aircraft being more productive than the one it replaces. Allowing for aircraft retirement, some 3,778 deliveries will be needed. Of these, 2,901 will be converted from passenger or combi roles, while the remaining 877, or 23%, are expected to be new-built. In all cases, there are opportunities to replace, older generation freighters with more eco-efficient aircraft. The ratio of new deliveries to total demand is largely shaped by aircraft prices and utilisations, which drive passenger-to-freighter conversions. This ratio is expected to vary from zero, for small jets, to 50% for large aircraft.

From 245 aircraft in 2006, the Asia-Pacific dedicated freighter fleet will grow to an impressive 1,400 aircraft by 2026, second in size only to the North America fleet, which will remain the largest. This strong growth is due to the development of an express fleet in the region and an increased forecast for long-range, high volume traffic.

Globally, new deliveries will continue to be dominated by the large freighters, which will account for almost two-thirds in quantity and more than 75% in value. At list price, new freighter deliveries are worth US$200 billion of business.
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