Boeing forecasts that airlines in the U.S. and Canada will take delivery of about 7,200 new commercial airplanes over the next 20 years with a value of $700 billion.
Nearly three quarters of the new deliveries are expected to be single-aisle aircraft.
New airplane deliveries in the U.S. and Canada will driven by a need to retire older, less fuel-efficient single-engine airplanes and regional jets.
Boeing predicts the North America fleet will grow from 6,590 planes to about 9,000 planes by 2029. It forecasts that single-aisle planes will grow from 56 percent of the fleet to 71 percent of the fleet.