The Aircraft Galley Carts Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Aircraft Galley Carts Global Market Report 2024, The aircraft galley carts market size has grown strongly in recent years. It will grow from $3.79 billion in 2023 to $4.09 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to air travel growth, focus on passenger experience, regulatory compliance, globalization of airline services, demand for operational efficiency..
The aircraft galley carts market size is expected to see strong growth in the next few years. It will grow to $5.34 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to rising trend of premium cabin offerings, emphasis on sustainable practices, integration of advanced catering technologies, adaptation to changing airline business models, increased focus on hygiene and safety.. Major trends in the forecast period include integration of energy-efficient technologies, compliance with aviation regulations, remote monitoring and maintenance, enhanced connectivity and entertainment, adoption of touchless technologies..
The rising air passenger traffic is expected to propel the growth of the aircraft galley cart market going forward. Air passenger traffic refers to the total number of passengers traveling by air on commercial flights within a specific period, typically measured over days, months, or years. As more passenger’s travel by air, there is an increased demand for in-flight services, including food and beverage offerings. Aircraft galley carts play a crucial role in efficiently storing, transporting, and serving passengers meals, snacks, and beverages during flights. For instance, in April 2023, according to International Air Transport Association, a Canada-based trade association, in February 2023, the total traffic (in Revenue Passenger Kilometers (RPK) increased by 55.5% compared to the same month in 2022, while the domestic traffic for February 2023 increased by 25.2% compared to February 2022. Therefore, rising air passenger traffic is driving the growth of the aircraft galley carts market.
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The aircraft galley carts market covered in this report is segmented –
1) By Type: Meal or Bar Trolley, Waste Trolley, Folding Trolley, Other Types
2) By Size: Full Size, Half Size
3) By Application: Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft
Technological advancements are a key trend gaining popularity in the aircraft galley carts market. Major companies operating in the aircraft galley carts market are adopting new technologies to sustain their position in the market. For instance, in June 2022, Diehl Aviation, a Germany-based aerospace company, introduced eSmartGalley, a revolutionizes aircraft cabin experience by introducing advanced technologies and cabin communication architectures to benefit airline operators, crew, and passengers. It incorporates state-of-the-art features such as digital inventory management and RFID-trolley detection, reducing crew workload and allowing them to prioritize passenger needs. This leads to improved and personalized services, creating opportunities for additional ancillary revenues. With the eSmartGalley, intercom functions, checklists, passenger orders via airline apps, power levels, refrigeration monitoring, and safety check-ups can be monitored and adjusted in real time from anywhere in the cabin using cabin attendant panels or handheld devices. This IoT-based technology enables airlines to collect, process, and transmit data, empowering them to offer predictive health management and other data-driven services.
The aircraft galley carts market report table of contents includes:
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