Galley Trolley market in Aerospace industry is likely to reach an estimated value of US$ 335.0 million in 2023. – Stratview Research Market Report

The research studies Aerospace Galley Trolley market in the trend period of 2012 to 2017 and forecasted period of 2018 to 2023 under given segments - by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Body Aircraft, Regional Aircraft, and Business Jets), by platform (B737, B777, B787, A320 Family, A330/A340, A350XWB, A380, B737 Max, B777X, A320neo, A330neo, E175, C Series, and Others), by Trolley Type (Meal/Bar Trolley, Waste Trolley, and Folding Trolley), by Fit Type (Line Fit and Retrofit), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.

The study finds –
 North America is projected to maintain its leadership in the market during the forecast period of 2018 to 2023.
 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.
 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.

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The Aerospace Galley Trolley Market: Highlights

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 input to the entire value chain of Aerospace Galley Trolley. The key features of the report are -
 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.

Stratview follows a rigorous process for conducting business research from primary and secondary sources to understand the entire market ecosystem. It has several high value market reports in the Aerospace & defence industry. Please refer to the following link to browse through the reports:

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