Airport Catering Truck Market | What are the driving factors, restraints, and opportunities in the market | Key Player - Mallaghan Engineering Ltd, DOLL Fahrzeugbau GmbH, Jiangsu Tianyi Airport Special Equipment Co., Ltd, Rucker Equip. Industriais Ltd.

The global airport catering truck market is expected to have a significant demand growth owing to increase in global air passenger traffic, demand for cost-effective and profitable catering. Developed economies have demonstrated the huge growth potential of aviation industry, being a subset of this gigantic industry airport catering truck market offers an excellent investment horizon for both developed and developing economies. Major objectives of airport catering truck market are to assist inflight catering, loading and unloading of luggage.

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COVID-19 scenario analysis
• Airport catering truck market has been particularly impacted by global travel ban, closing of airports and grounding of flights, owing to the COVID-19 scenario.
• Manufacturers of airport catering truck system are facing procedural problems caused by disruption in supply chain of raw materials & components, caused by the statutory lockdown imposed by authorities to slow down the COVID-19 spread.
• Delay in construction and upgradation for on-going projects of airport were induced by the COVID-19 pandemic.
• After the COVID-19 outbreak the footfall of passengers has seen a massive decline in this rapidly growing market of aviation industry which further incurred financial losses in maintenance of airlines & airports without revenue growth.

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Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Proliferating investments in airport infrastructure globally, increase in number of airports, and rise in air transport are the factors that drive the global airport catering truck. Accidents and legal restrictions are restraints for the market growth. Factors such as nimble flight time market, swift operation of the aircraft and multiple flights at the airports further increases the demand of airport catering trucks.

Proliferating investments in airport infrastructure globally

Increase in per capita income affected the preferences of people, comfort is among the most valued commodities in travelling nowadays. To address the consumer’s need of comfort the aviation industry is focussed on betterment of the air travel and services associated with it. In 2019, Adani group won the bidding of rights to run public funded Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram and Guwahati airports for 50 years from the central government. Globally airports possess high income generation possibilities and has led to growth in number of investments for the airport catering truck market.

Increase in number of airports

With increase in commercial as well as non-commercial air transport in the emerging and expanding economies, growth in number of airports is often supported strongly by the regulating authorities to provide strategic support for the economic growth in a region or nation. For instance, China's civil transport airports have reached to 238 in total by the end of 2019, and is expected to reach 241 by 2020’s end. In this day and age of globalization and connectivity air travel is frequently chosen as the best possible way of transport. This increase in demand of air travel in due course gives rise to growth of airport catering truck market.

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Key benefits of the report

• This study presents the analytical depiction of the global airport catering truck industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global airport catering truck market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global airport catering truck market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global airport catering truck market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the airline passenger communications system market research report:

• Which are the leading market players active in the airport catering truck market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

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