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 the increasing trend of premium cabin offerings, a focus on sustainable practices, the integration of advanced catering technologies, adaptation to changing airline business models, and an increased emphasis on hygiene and safety. Major trends in the forecast period include the integration of energy-efficient technologies, compliance with aviation regulations, remote monitoring and maintenance, enhanced connectivity and entertainment, and the adoption of touchless technologies.
The anticipated surge in air passenger traffic stands as a pivotal driver propelling the growth trajectory of the aircraft galley cart market in the foreseeable future. Air passenger traffic quantifies the total number of individuals traveling via commercial flights within specific durations, be it days, months, or years. With the escalating number of air travelers, there arises an amplified demand for in-flight services, particularly in food and beverage offerings. Aircraft galley carts, instrumental in efficiently storing, transporting, and serving meals, snacks, and beverages to passengers during flights, play a pivotal role in meeting this demand. For example, statistics from the International Air Transport Association in April 2023 revealed a substantial increase in total traffic (measured in Revenue Passenger Kilometers - RPK), rising by 55.5% in February 2023 compared to the corresponding period in 2022. Similarly, domestic traffic in February 2023 surged by 25.2% from February 2022. Hence, the burgeoning air passenger traffic remains a primary catalyst driving the growth of the aircraft galley cart market.
The burgeoning number of aircraft deliveries is anticipated to significantly propel the expansion of the aircraft galley cart market in the foreseeable future. Aircraft delivery signifies the conclusive phase in the aircraft manufacturing process, marking the transfer of completed aircraft to customers. As airlines take possession of new aircraft, the necessity to equip them with essential food and beverage service equipment becomes apparent. This encompasses the provisioning of galley carts, indispensable for transporting meals and beverages from the galley to the passenger cabin. For instance, projections by The Boeing Company in June 2023 estimate a global delivery of approximately 42,595 new commercial aircraft valued at $8 trillion by 2042. This surge in aircraft deliveries serves as a pivotal driver fostering the growth of the aircraft galley cart market.
Technological advancements stand as a prominent and burgeoning trend within the aircraft galley carts market. Key industry players are actively embracing novel technologies to fortify their positions. An illustrative instance is Diehl Aviation's June 2022 launch of eSmartGalley, heralding a transformation in the aircraft cabin experience by integrating cutting-edge technologies and cabin communication architectures. This innovation offers multifaceted benefits to airline operators, crew members, and passengers. The eSmartGalley encompasses state-of-the-art functionalities such as digital inventory management and RFID-trolley detection, significantly alleviating crew workload while enabling prioritization of passenger needs. This fosters enhanced and personalized services, creating avenues for additional ancillary revenues. This innovation empowers real-time monitoring and adjustment of intercom functions, checklists, passenger orders via airline apps, power levels, refrigeration monitoring, and safety checks from any location within the cabin using cabin attendant panels or handheld devices. Leveraging IoT-based technology, airlines can effectively collect, process, and transmit data, thereby enabling predictive health management and other data-driven services.
Prominent entities within the aircraft galley carts market are steering their focus towards innovative product development, such as the introduction of single-aisle galley systems, geared toward delivering dependable services to customers. A single-aisle galley constitutes the designated food and beverage preparation zone on single-aisle aircraft, commonly utilized for shorter or regional flights. For instance, in April 2023, AIM Altitude unveiled ARCA EVO, comprising interchangeable modules designed for effortless addition, removal, or reconfiguration to align with specific flight and airline requirements. Engineered from lightweight materials, the ARCA EVO components aim to curtail weight and minimize fuel consumption, catering to the need for efficiency and optimization in airline operations.
In March 2022, Lynx Air, a Canada-based ultra-low-cost air carrier, entered into a partnership with TCI Cabin Interior to collaboratively design and manufacture cabin interior products for its fleet of 40 Boeing 737 MAX 8 aircraft. This strategic collaboration aims to leverage TCI's expertise to create top-notch aircraft cabin interior components, including galleys, monuments, lavatories, overhead bins, and windscreens. TCI Cabin Interior, based in Turkey, is a design company equipped with the capacity and capabilities for the comprehensive process of designing, engineering, testing, production, and post-sale support of aircraft galleys.
Major companies operating in the aircraft galley carts market report are Safran Cabin, Diehl Stiftung & Co. KG, Zodiac Aerospace, Jamco Corporation, AIM Altitude, Geven S.p.A., MySky SkyCart, Architectural Brass Co., 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.
North America was the largest region in the aircraft galley carts market in 2023. 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. The countries covered in the aircraft galley carts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of aircraft galley carts include meal or bar trolleys, waste trolleys, folding trolleys, and others. A meal/bar trolley, alternatively referred to as a service trolley or catering trolley, is a mobile cart employed in aircraft galleys to transport and serve meals, beverages, and other food items to passengers during flights. These trolleys feature compartments and trays designed to securely hold and organize food and beverage items. They play a pivotal role in in-flight service, enabling flight attendants to efficiently provide meals and refreshments to passengers while ensuring convenience and accessibility. Aircraft galley carts are available in full size and half size, catering to the needs of narrow-body aircraft, wide-body aircraft, and very large aircraft.
The aircraft galley carts market research report is one of a series of new reports that provides aircraft galley carts market statistics, including aircraft galley carts industry global market size, regional shares, competitors with a aircraft galley carts market share, detailed aircraft galley carts market segments, market trends, and opportunities, and any further data you may need to thrive in the aircraft galley carts industry. This aircraft galley carts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The aircraft galley carts market consists of sales of meal service carts, beverage carts, snack carts, and duty-free carts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Aircraft Galley Carts Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on aircraft galley carts market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Measure the impact of high global inflation on market growth.
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- Benchmark performance against key competitors.
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Where is the largest and fastest growing market for aircraft galley carts? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered: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
Key Companies Mentioned: Safran Cabin; Diehl Stiftung & Co. KG; Zodiac Aerospace; Jamco Corporation; AIM Altitude
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Safran Cabin
- Diehl Stiftung & Co. KG
- Zodiac Aerospace
- Jamco Corporation
- AIM Altitude
- Geven S.p.A.
- MySky SkyCart
- Architectural Brass Co.
- 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
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 4.09 Billion |
Forecasted Market Value ( USD | $ 5.34 Billion |
Compound Annual Growth Rate | 6.9% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |