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Aerospace Galley Trolley and Container Market Segmentation By Product Type - Meal/Bar Trolley, Waste Bin Trolley, Refrigerated Trolley, Folding Trolley, Ice Containers in Line and Retro Fit
The global demand for aerospace galley trolleys and containers is directly correlated to the infrastructural development activities in the aircraft industry. Rising air passenger traffic worldwide is increasing the demand for more airplanes, which, results in the increasing production of airplanes. Moreover, growing aircraft traffic increases aircraft deliveries and, in turn, enhances the demand for aerospace galley trolleys and containers.
Furthermore, developing regions, such as SEAP (South East Asia and Pacific) and China, are expected to witness robust growth driven by rapid economic growth, which is estimated to hold a prominent share in the aerospace galley trolley and container market over the forecast period.
Airline owners are modifying their aircraft and installing new lightweight aerospace galley trolleys and containers to have better power efficiency. Weight is a major factor in the performance of any aircraft. Lightweight construction has always been an asset in an aircraft design as it helps in achieving an optimum ratio between the payload and range of an airplane. This is expected to create a positive impact on the aerospace galley trolley and container market.
Lufthansa flights have taken ~30,000 new aerospace galley trolleys and containers during the past few years. All conventional trolleys are replaced with new quantum lightweight trolleys, and these trolleys have a progressive ecological impact. LSG Sky Chefs has developed a trolley entirely made of lightweight composite sand.
Quantum lightweight trolleys are manufactured by Norduyn, a Montreal-based partner of LSG Sky Chefs. This factor is expected to fuel the growth of the aerospace galley trolley and container market in upcoming years.
Increasing prices of airline tickets might affect the demand for air travel, which, in turn, will inhibit the demand for new aircraft. This is expected to directly impact the growth of the aerospace galley trolley and container market.
According to the IATA, the Middle East region is estimated to generate a profit margin of ~$300 million for a net margin of ~1%. However, the profit generated in 2016, was lower than expected. This, coupled with the increasing airport charges across Gulf States might act as a restraint for the aviation industry and indirectly affects the aerospace galley and trolley market.
The aircraft cabin interiors market has various opponents in each segment - seats, galleys and monuments, lavatories, lighting, and windows. Market players in Latin America are expected to introduce innovations into the market. The recent trend in the market is technological advancements in the cabin interiors market, which will upsurge the effectiveness and efficiency of the equipment.
For instance, in 2016, Zodiac AirCatering Equipment (Driessen Galley Equipment) launched its product line, which includes a suite of trolleys, standard units, drawers, and other galley inserts.
The global aerospace galley trolley and container market is evenly balanced between large players, who hold ~30-40% share in the overall market, with presence through regional and local distributors. Key strategies are the expansion of manufacturing facilities and launching of new products to strengthen their portfolio in the aerospace galley trolley and container market.
In 2016, Korita Aviation launched a new aerospace galley trolley and container called, Aluflite, which is lightweight galley equipment with innovative design, strength, and durability.
In May 2015, Norduyn Inc. launched a quantum flex trolley, its new product in the trolley segment of the aviation market.
A widespread view of the aerospace galley trolley and container market has led analysts to conclude that the market is growing at an impressive rate with North America and Asia Pacific holding a large share of the global aerospace galley trolley and container market. The Asia Pacific aerospace galley trolley and container market is expected to be an opportunistic market in terms of sales.
Increasing disposable income and increasing tours, and travels across the globe will positively impact the aerospace galley trolley and container market. The aerospace galley trolley and container market is characterized by the presence of few big players from Europe and the Asia Pacific region. The trolley type sector is expected to dominate the global aerospace galley trolley and container market throughout the forecast period.
The impact of decreasing aircraft production globally in the aerospace galley trolley and container market will remain moderate globally. Technological innovations by key market participants will also give impetus to the aerospace galley trolley and container market. The scope of replacement will boost the growth of the aerospace galley trolley and container market during the forecast period.
PMR’s study on the aerospace galley trolley and container market is divided into four significant segments, such as product, fit, aircraft, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.