Global Aircraft Catering Vehicle Market Showcases Promising Growth During Forecast 2018-2028 // Shenzhen Techking Industry Co. Ltd, Jiangsu tianyi Airport special equipment Co., Ltd. EAGLE INDUSTRIES DWC-LLC. Doll Fahrzeugbau Gmbh, Nandan GSE Pvt. Ltd. Mi
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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 regards to aircraft ground support equipment are the key factors driving the growth of the aircraft catering vehicle market. Growth in air passenger traffic across the globe is also one of the major factors propelling the demand for aircraft catering vehicles, which in turn, is expected to contribute to the global aircraft catering vehicle market in the coming years.
However, one of the challenges restraining the growth of aircraft catering vehicles is the lack of trained professionals to operate specific aircraft ground support equipment. This can indirectly result into safety hazards as well as low production output.
The ongoing developments in the aviation industry and upcoming projects for new as well as existing airports are expected to create significant opportunities for the growth of the aircraft catering vehicle manufacturers in the coming years.
The ongoing trend gaining momentum in the aircraft catering vehicle market is shifting preference of airline companies and airport authorities towards renting of ground support equipment to minimize their maintenance and inventory costs.
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Owing to increasing number of airports and modernization of the existing ones, the global market for aircraft catering vehicles is expected to witness significant growth in the coming years. The demand for aircraft catering vehicles 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 aircraft 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 the region. This, in turn, is estimated to significantly contribute to the aircraft catering vehicle market in the coming years.
Aircraft Catering Vehicle Market: Key Participants
Examples of some of the market participants operating across the value chain of the global aircraft catering vehicle market are: 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
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
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