Aerospace Galley Trolley Market is likely to be a US$ 335.0 million opportunity in 2023

Stratview Research has published a new research report on Aerospace Galley Trolley Market. This extensive 181-page report by Stratview Research analyses the growth of Aerospace Galley Trolley Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
● by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, and Others)
● 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)
● and by Region (North America, Europe, Asia-Pacific, and RoW)

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Increasing production rates of world’s best-selling commercial aircraft

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.

Unhygienic trolley can make a passenger’s experience unpleasant

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.

Wide-Body aircraft to maintain its leadership in the market

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.

North America to remain the largest market

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.

Supply chain of the market

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.

Top market players

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.

Why Stratview Research

Our 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 on 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:
● Aerospace Galley Trolley Market overview, industry life cycle analysis, supply chain analysis
● Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend (2012 – 2017) and forecast analysis (2018-2023) of each segment.
● Competitors’ market share, product portfolio and new launches.
● Growth opportunities in each segment.
● Emerging trends which will decide the future course of development.
● Strategic growth opportunities for the existing and new players
● Key success factors.

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