Market demand for air carriers in North America over the next 20 years will reach up to $760bn, said Boeing.

The North America fleet is expected to grow from 6,610 aircraft to about 9,330 aircraft by 2030, taking retirements into consideration.

As per the Boeing forecast, the North American market consists of the US and Canada and demand in these regions will focus primarily on single-aisle jetliners.

Boeing expects that single-aisle aircraft will grow to 73% of the total North America fleet by 2030.

According to Boeing, air carriers in North America are expected to take delivery of 7,530 new aircraft over the next 20 years.