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Aircraft Galley Carts Market Report 2024 - Aircraft Galley Carts Market Size, Trends And Forecast
Aircraft Galley Carts Market
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According to The Business Research Company's, The aircraft galley carts market size has grown strongly in recent years. It will grow from $3.79 billion in 2023 to $4.09 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to air travel growth, focus on passenger experience, regulatory compliance, globalization of airline services, demand for operational efficiency.
The aircraft galley carts market size is expected to see strong growth in the next few years. It will grow to $5.34 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to rising trend of premium cabin offerings, emphasis on sustainable practices, integration of advanced catering technologies, adaptation to changing airline business models, increased focus on hygiene and safety.. Major trends in the forecast period include integration of energy-efficient technologies, compliance with aviation regulations, remote monitoring and maintenance, enhanced connectivity and entertainment, adoption of touchless technologies.
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Market Drivers and Trends:
The rising air passenger traffic is expected to propel the growth of the aircraft galley cart market going forward. Air passenger traffic refers to the total number of passengers traveling by air on commercial flights within a specific period, typically measured over days, months, or years. As more passenger's travel by air, there is an increased demand for in-flight services, including food and beverage offerings. Aircraft galley carts play a crucial role in efficiently storing, transporting, and serving passengers meals, snacks, and beverages during flights. For instance, in April 2023, according to International Air Transport Association, a Canada-based trade association, in February 2023, the total traffic (in Revenue Passenger Kilometers (RPK) increased by 55.5% compared to the same month in 2022, while the domestic traffic for February 2023 increased by 25.2% compared to February 2022. Therefore, rising air passenger traffic is driving the growth of the aircraft galley carts market.
Technological advancements are a key trend gaining popularity in the aircraft galley carts market. Major companies operating in the aircraft galley carts market are adopting new technologies to sustain their position in the market. For instance, in June 2022, Diehl Aviation, a Germany-based aerospace company, introduced eSmartGalley, a revolutionizes aircraft cabin experience by introducing advanced technologies and cabin communication architectures to benefit airline operators, crew, and passengers. It incorporates state-of-the-art features such as digital inventory management and RFID-trolley detection, reducing crew workload and allowing them to prioritize passenger needs. This leads to improved and personalized services, creating opportunities for additional ancillary revenues. With the eSmartGalley, intercom functions, checklists, passenger orders via airline apps, power levels, refrigeration monitoring, and safety check-ups can be monitored and adjusted in real time from anywhere in the cabin using cabin attendant panels or handheld devices. This IoT-based technology enables airlines to collect, process, and transmit data, empowering them to offer predictive health management and other data-driven services.
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Major Key Players of the Market:
Safran Cabin, Diehl Stiftung & Co. KG, Zodiac Aerospace, Jamco Corporation, AIM Altitude, Geven S.p.A., MySky SkyCart, Architectural Brass Co., Dedienne Aerospace, Lacobucci HF Aerospace S.p.A., Driessen Aircraft Interiors Systems, Egret Aviation Co. Ltd., Aerolux Ltd., Rockwell Collins Inc., Norduyn Inc., Bucher Group, Flightweight, Korita Aviation, B/E Aerospace, Aeroservey Product Co. Ltd., VanDeBord, Guoguang Electric Co. Ltd. Chengdu, STEINCO, Jeitek, EnCore Group
Aircraft Galley Carts Market 2024 Key Insights:
• The aircraft galley carts market size is expected to see strong growth in the next few years. It will grow to $5.34 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
• Surging Air Passenger Traffic Fuels Growth In The Aircraft Galley Cart Market
• Diehl Aviation Transforms Aircraft Cabin Experience With Esmartgalley
• North America was the largest region in the aircraft galley carts market in 2023
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