What Are The Strategic Insights Behind The Aircraft Galley Carts Market Expansion To $5.46 Billion?
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What Is The Present And Forecasted Size Of The Aircraft Galley Carts Market?
In recent times, the market size of aircraft galley carts has witnessed a significant expansion. The market is projected to rise from $4.01 billion in 2024 to $4.26 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%. This growth during the historical period can be accredited to various factors including the growth of air travel, a concentrated focus on passenger experience, compliance with regulatory mandates, the internationalization of airline services, and the need for operational efficiency.
Expectations are high for the aircraft galley carts market as it’s set for robust expansion in the forthcoming years. The market value is forecasted to surge to $5.46 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.4%. This growth during the forecast period is likely due to an increased demand for premium cabin services, a focus on sustainability, the implementation of modern catering technologies, adapting to evolving airline business models, and a heightened emphasis on maintaining hygiene and safety. The trend forecast for this period also leans towards the implementation of energy-efficient technologies, compliance with aviation standards, remote upkeep and monitoring, improved connectivity and entertainment, and the introduction of touchless technologies.
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What Drivers Are Accelerating Expansion Of The Aircraft Galley Carts Market?
The growth of the aircraft galley cart market is predicted to be fueled by the escalating numbers of air passengers. The term air passenger traffic is used to denote the cumulative count of individuals travelling on commercial aircraft within a specific timeframe, which can vary from days, months to years. The vital role of aircraft galley carts in effectively storing, transporting, and providing food, beverages, and snacks to passengers mid-flight is of note. For instance, the International Air Transport Association, which is a trade group based in Canada, reported in April 2023 that the total traffic as indicated by Revenue Passenger Kilometers (RPK) for February 2023 was up by 55.5% in comparison to the same month the prior year, with domestic traffic for the same month marking an increase of 25.2%. Hence, the upturn in air passenger traffic is positively impacting the sales of the aircraft galley carts in the market.
What Segmentation Insights Are Provided In The Aircraft Galley Carts Market Research?
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
Subsegments:
1) By Meal Or Bar Trolley: Standard Meal Trolley, Beverage Cart, Snack Cart
2) By Waste Trolley: Standard Waste Trolley, Recycling Trolley
3) By Folding Trolley: Lightweight Folding Trolley, Heavy-Duty Folding Trolley
4) By Other Types: Storage Cart, Service Cart
Which Notable Trends Are Transforming The Aircraft Galley Carts Market Outlook?
The rising trend of technological innovation is significantly impacting the aircraft galley carts market. Major industry players are leveraging these advancements to maintain their competitive edge. For instance, in June 2022, Diehl Aviation, an aerospace corporation based in Germany, launched eSmartGalley. This groundbreaking solution revolutionizes the in-flight experience by incorporating the latest technology and communication architectures for the benefit of airlines, staff, and passengers. It offers state-of-the-art functionality such as digital inventory management and RFID-trolley recognition, which alleviates workload for the crew and facilitates a more passenger-centric approach. This results in enhanced and bespoke services, paving the way for additional revenue streams. With eSmartGalley, in-cabin communications, checklists, customer orders through airline apps, power regulation, cooling surveillance, and security checks can be tracked and controlled in real time anywhere within the aircraft via cabin attendant consoles or portable gadgets. As a technology rooted in the Internet of Things, airlines can gather, analyze, and share data, thereby enabling them to provide predictive health management and other data-centric services.
Who Are The Leading Companies Driving The Aircraft Galley Carts Market?
Major companies operating in the aircraft galley carts market include Safran Cabin, Diehl Stiftung & Co. KG, Zodiac Aerospace, Jamco Corporation, AIM Altitude, Geven S.p.A., MySky SkyCart, Dedienne Aerospace, Lacobucci HF Aerospace S.p.A., Driessen Aircraft Interiors Systems, Egret Aviation Co. Ltd., Aerolux Ltd., Rockwell Collins Inc., Norduyn Inc., Bucher Group, Flightweight, Korita Aviation, B/E Aerospace, Aeroservey Product Co. Ltd., VanDeBord, Guoguang Electric Co. Ltd. Chengdu, STEINCO, Jeitek, EnCore Group
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Which Geographic Regions Are Creating Strong Demand In The Aircraft Galley Carts Market?
North America was the largest region in the aircraft galley carts market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft galley carts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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