What Has Been The Historical And Current Growth Of The Aircraft Galley Carts Market?
The aircraft galley carts market has seen considerable growth due to a variety of factors.
•The size and value of the aircraft galley carts market has witnessed substantial growth in the past few years. Projections suggest that it will expand from $4.01 billion in 2024 to $4.29 billion in 2025, denoting a compound annual growth rate (CAGR) of 7.2%.
This upward trend in the past has been triggered by various factors such as increased air travel, emphasis on passenger experience, compliance with regulations, globalisation of airline amenities and a need for enhanced operational efficiency.
What Is The Forecast For The Aircraft Galley Carts Market By 2029?
The aircraft galley carts market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations for the aircraft galley carts market foresee a robust expansion in the upcoming years, projecting a surging growth to $5.59 billion in 2029, with a compound annual growth rate (CAGR) of 6.8%.
The forecasted growth can be ascribed to the flourishing trend of high-end cabin services, emphasis on environmentally-friendly strategies, implementation of cutting-edge catering technologies, alignment with evolving airline business models, and heightened attention to sanitation and safety. Key trends for this predicted period include the introduction of energy-saving technologies, adherence to aviation regulations, remote surveillance, and maintenance, improved connectivity, and entertainment, as well as the implementation of touchless technologies.
What Are The Essential Drivers Behind The Growth Of The Aircraft Galley Carts Market?
The upsurge in air passenger traffic is anticipated to boost the aircraft galley cart market's expansion in the future. Air passenger traffic is defined as the cumulative number of passengers who travel by air on commercial flights within a determined period, which is commonly assessed over days, months, or years. Aircraft galley carts are essential for effectively storing, transporting, and serving meals, snacks, and beverages to passengers during flights. To illustrate, the International Air Transport Association, a trade association based in Canada, reported in April 2023 that total traffic, in terms of Revenue Passenger Kilometers (RPK), for February 2023 surged by 55.5% compared with the same month in 2022. Concurrently, domestic traffic for February 2023 saw a rise of 25.2% versus February 2022. Consequently, the escalating air passenger traffic is fueling the expansion of the aircraft galley carts market.
How Is The Global Aircraft Galley Carts Market Divided Into Key Segments?
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
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What Trends Are Reshaping The Future Of The Aircraft Galley Carts Market?
One key trend that has been receiving increased attention in the aircraft galley carts market is the impact of technology advancements. Major players in this market are utilizing new technologies to maintain their market prominence. An illustration of this is when Diehl Aviation, an aerospace firm based in Germany, launched its eSmartGalley in June 2022. This innovative technology is set to transform the aircraft cabin experience through the introduction of modern technologies and communication architectures that benefit airline operators, crew members, and passengers. Features include digital inventory administration and RFIS-trolley identification, which lessen crew members' duties and allow prioritization of passengers' needs. These enhancements promote better, personalized services and open up possibilities for new streams of ancillary income. The eSmartGalley enables monitoring and adjusting of intercom activities, checklists, passenger requests via airline apps, energy levels, refrigeration surveillance, and safety evaluations in real time from any location within the cabin through cabin attendant panels or handheld devices. By leveraging this IoT-based technology, airlines can gather, manage, and disseminate data, positioning them to provide predictive health management and other services informed by data.
Who Are the Key Players in 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
What are the Regional Insights into 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.
