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Airport Catering Trucks Market Research Report Focus on Deriving Business Growth Factors by Expert Opinion with Emerging Technology till 2028 | Higher Consumer Preference to Augment Demand
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Higher Consumer Preference to Augment Demand
Air travel continues to gain high momentum with growing number of people opting for air travel mode, either for leisure activities or business travel, albeit higher costs associated with air travel. According to IATA (International Air Transport Association), based on a 3.6 percent year-on-year growth, more than 7 billion passengers are expected to adopt air travel by 2036. This has influenced aircraft manufacturers to enhance their production capacities to cater to this anticipated growing demand for air travel. With increasing number of aircrafts, consumption of food products is expected to showcase a cumulative growth, in turn mushrooming the demand for airport catering services and ground support, such as airport catering trucks.
In addition, increasing popularity of sports ha also augmented the adoption of air travel. So to say, Japan is expected to showcase a significant opportunity from an investment standpoint, as the country is looking forward to enhance its airport infrastructure for 2020 Olympics and hopes to attract around 40 million tourists. International Air Transport Association anticipates that the country will attract more than 60 million overseas visitors by 2030 with a probable tourism receipts to exceed US$ 130 billion. Growing development of infrastructure in the country is expected to auger well for airport catering trucks during the period of forecast.
Airport Infrastructure Proliferation to Supplement Expansion
With increasing demand for air travel, governments of various countries are investing in developing aviation infrastructure to build new air ports. In United States alone, there are more than 14,000 airports, which has become the biggest market for airport catering. Emerging economies are also contributing to the worldwide airport count, with China leading in number followed by India as government plans to initiate airport development projects in these countries.
Considering the increasing air traffic and development of airports worldwide, it becomes imperative for airport management to provide consumer services, which includes availability of food products. Catering services are focusing on providing hygienic and refrigerated food with superior quality – a customer’s basic requirement. This has pushed the use of superior airport catering services for on-board passengers and travelers flying via long haul flights which consecutively is expected to fuel the demand for airport catering trucks during the period of forecast.
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Table of Contents:
Global Airport Catering Trucks Market – Executive Summary
Global Airport Catering Trucks Market Outlook Overview
2.1. Introduction
2.2. Market Definition
2.3. Scope of Report
2.4. Mega Trends
Market Dynamics
3.1. Key Growth Drivers
3.2. Market Challenges
3.3. Industry Trends
3.4. Airport Catering Trucks Market Growth opportunities
3.5. Wheel of Fortune
Associated Industry and Key Indicator Assessment
4.1. Supply Chain
4.2. Investment Feasibility Matrix
4.3. Porter’s Five Forces Analysis
4.4. PEST Analysis
4.5. Cost Structure Analysis
4.6. Forecast Scenario
4.7. Global Airport Catering Trucks Market – Price Point Analysis
Global Airport Catering Truck Market Historical Analysis (2013-2017) and Forecast Analysis (2018-2028)
5.1. Analysis and Forecast Revenue (US$ Mn) & Volume (Units) Comparison by Product Type, 2018-2028
5.1.1. Electric
5.1.2. Hybrid
5.1.3. Market Attractiveness By Product Type
5.1.4. Y-o-Y growth Comparison
Continued……
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