Aerospace Galley Trolley Market Worth US$ 335.0 million in 2023

Stratview Research announces the launch of a new research report on Aerospace Galley Trolley Market. This 181-page extensive report from Stratview Research, studies the aerospace galley trolley market over the trend period of 2012 to 2017 and the forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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This Aerospace Galley Trolley Market analysis has been segmented in five ways, keeping in mind the interest of all the stakeholders across the value chain.
• by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, and Others) – Wide-body aircraft will remain the most dominant and fastest-growing segment of the market.
● by Aircraft Program Type (B737, B777, B787, and Others)
● by Trolley Type (Meal/Bar, Waste, and Folding)
● by Fit Type (Line Fit and Retro Fit) – Line fit and Retrofit segments are likely to offer a healthy opportunity over the next five years.
● and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

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The Aerospace Galley Trolley Market Insights

The aerospace galley trolley market offers a healthy growth opportunity over the next five years to reach an estimated value of US$ 335.0 million in 2023. Increasing production rates of world’s best-selling commercial aircraft, such as B737, A320 family, B787, and A350XWB, an advancement in trolley technology and design, increasing demand for lightweight galley trolley, and growing aircraft fleet size are the key forces that are driving the demand for galley trolleys in the aerospace industry.

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Aircraft galley trolley is an important equipment in an aircraft cabin interior. Both airline companies and galley trolley manufacturers believe that galley and galley trolley can have a direct or indirect impact on a passenger’s flight experience. A technically poor and unhygienic trolley can make a passenger’s experience unpleasant. On the other hand, the indirect passenger experience is driven by the level of satisfaction of the flight crew as a consequence of their experience with their equipment, such as galley trolley.

The aerospace galley trolley market is classified based on the aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Body Aircraft, Regional Aircraft, and Business Jets. Wide-Body aircraft is projected to maintain its leadership in the aerospace galley trolley market during the forecast period, driven by a host of factors including increasing demand for next-generation wide-body aircraft, such as B787 and A350XWB; the introduction of fuel-efficient variants of some wide-body aircraft programs, such as A330neo and B777x; higher number of galley trolleys per aircraft as compared to narrow-body aircraft, and growing aircraft fleet size.

Based on the fit type, both line fit and retrofit segments are likely to offer a healthy opportunity over the next five years. However, the retrofit segment is likely to witness a higher growth during the forecast period driven by growing aircraft fleet size coupled with an increased demand for lightweight trolleys.
Based on the regions, North America is projected to maintain its leadership in the market during the forecast period of 2018 to 2023. The region is the manufacturing capital of the aerospace industry with the presence of major aerospace OEMs, tier players, trolley manufacturers, distributors, airlines, and raw material suppliers. The USA is the projected to remain the growth engine of the region’s market over the next five years.

Asia-Pacific is likely to witness the highest growth in the market over the next five years, driven by a host of factors including the development of indigenous commercial and regional aircraft (CMAC’s C919 and Mitsubishi’s MRJ); the highest commercial aircraft fleet size, and opening of assembly plants of Boeing and Airbus in China. There is a healthy demand for all types of galley trolleys in the region for both line fit and retrofit usage.

The supply chain of this market comprises raw material manufacturers, galley trolley manufacturers, galley manufacturers, aircraft OEMs, and airlines. The key aerospace OEMs are Boeing, Airbus, Bombardier, Embraer, ATR, and Mitsubishi Heavy Industries, whereas the key airlines are Lufthansa, Delta Air, Air China, and Singapore Airlines.

The key galley trolley manufacturers are Zodiac Aerospace, Jamco Corporation, Diethelm Keller Aviation, Flightweight, Korita Aviation, and Norduyn Inc. New product development, regional expansion, and formation of long-term contracts are the key strategies adopted by the key players to gain a competitive edge in the market. All players are investing heavily in the development of lightweight trolleys and advancement in trolley technology.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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