Aircraft Catering Vehicle Market

Aircraft Catering Vehicle Market Outlook (2023 to 2033)

The global aircraft catering vehicle market is anticipated to grow with a CAGR of 6% in the forecast period. The market was valued at USD 19.60 billion in 2022. The industry is further expected to grow and surpass a valuation of USD 35.10 billion by 2032.

Around a billion meals are served to passengers annually by the enormous industry of airline catering. At this size, it falls on airlines and caterers to find, cook, and deliver hundreds of meals for each flight. Due to its complexity, airplane food is a crucial component of the flying experience for airlines. As the number of ultra-long-haul flights has increased, airlines have been forced to develop new culinary strategies to keep passengers awake when they need to be.

An aircraft catering vehicle is a type of ground support vehicle which is used to deliver in-flight catering services at airports. airways catering vehicles come with body insulation and are equipped with systems that facilitate refrigeration or heating, as per the requirements.

Generally, in these vehicles, lifting and lowering of the van body is done using the hydraulic scissor mechanism, which ensures that the such catering vehicle can cater to every type of airplane, be it small or large body aircraft. Large international airlines, sometimes, do more than a thousand takeoffs and landings every day and catering services enhance passengers’ comfort.

Strict hygiene and safety demanded by the aviation industry are increasing the demand. The efficient transportation of catering equipment and food supplies to and from the aircraft. This particular factor, in turn, is expected to drive the market’s growth across the globe during the forecast period.

Report Attributes	Details
Market size (2022 A)	USD 19.60 billion
Base Year for Estimation	2022
Forecast duration for this research	2022-2032
Forecasted Market value (2032 F)	USD 35.10 billion
Global Market Growth rate (2022-2032 E)	CAGR of 6%
Key Companies Profiled	Cartoo GSE Mallaghan GSE Smith Transportation Equipment Global Ground Support, LLC Shenzhen Techking Industry Co. Ltd Jiangsu tianyi Airport special equipment Co., Ltd EAGLE INDUSTRIES DWC-LLC. Doll Fahrzeugbau Gmbh Nandan GSE Pvt. Ltd. Miles Makina Sanayi ve Ticaret A.S

What are impelling factors of growth for this market?

The aviation industry has always been under the scanner of regulating authorities and is required to adhere to various guidelines issued by them. Several regulations existing with regard to aircraft ground support equipment are the key factors driving the growth of the market.

Growth in air passenger traffic across the globe is also one of the major factors propelling the demand, which in turn, is expected to contribute to the global market in the coming years.

However, one of the challenges restraining the growth is the lack of trained professionals to operate specific aircraft ground support equipment. This can indirectly result in safety hazards as well as low production output.

In the following years, it is anticipated that the continuous changes in the aviation sector and upcoming plans for both new and current airports will present major prospects for the expansion of the market.

In order to reduce their maintenance and inventory expenses, airline businesses and airport authorities are adjusting their preferences towards renting ground support equipment, a trend that has been growing in the market.

Region-wise Insights

The USA, Brazil China, and European Union are some of the key markets for commercial flights which make up most of the air travel industry. Low-cost airlines have started to appear as a result of the development of supplementary revenue sources, automated ticketing technology, and the growing liberalization of civil aviation in many countries throughout the world. This further anticipated increasing the demand for aircraft catering solutions.

Owing to the increasing number of airports and the modernization of the existing ones, the global market is expected to witness significant growth in the coming years. The demand in North America is expected to be lucrative due to the presence of a large number of airports in the region.

More than 2000 airports are operating in the U.S. itself. Growing air passenger traffic in Mexico, Argentina, and other countries of Latin America is expected to fuel the demand for food-catering vehicles in the region during the coming years.

Large airports with strict safety norms governing hygiene in countries, such as Germany, U.K., and France, are anticipated to fuel the demand for aircraft catering vehicles in Europe. The Asia Pacific region is also expected to witness robust growth in the aviation industry owing to increasing tourism and trade as well as several government initiatives supporting manufacturing in the region. This, in turn, is estimated to significantly contribute to the market in the coming years.

Segmentation

• By Platform Height :

  • Less than 4 m
  • 4 to 6 m
  • More than 6 m

• By Payload Capacity :

  • Low capacity (Less than 2000 kg)
  • Medium capacity (2000 kg to 4000 kg)
  • High capacity (More than 4000 Kg)

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia-Pacific
  • Middle East and Africa